Asia-Pacific Dried Fruits Market Outlook, 2028

The growth of the middle-class population and the growth of health-conscious consumers have fuelled the growth of the Asia Pacific dried food market. The changing consumer preference for healthy and nutritious food due to increasing obesity and an aging population is driving the local dried food market. In addition, the increased acceptance of nutritious packaged foods and the widespread application of dried food in the dairy, bakery, snack, and confectionery industries have fuelled the demand for dried foods over the years. The demand for nuts has been influenced by research studies that highlight the role of the product in weight control and disease prevention. As a result, consumers have included dried food in their diet.

According to the research report, “Asia-Pacific Dried Fruit Market Outlook, 2028” published by Bonafide Research, the market has grown with 6.17% CAGR during the historic time period. The increasing trend of moving snacks has accelerated the growth of the Asia-Pacific market in recent years. Features like less perishable and easy to transport have made dried food a popular healthy snack. Additionally, dried foods have gained popularity as an ingredient for salads, baked goods, oatmeal, snacks, and dessert. To attract these consumers, manufacturers adopt a marketing strategy at the point of sale or on POP screens. Producers have introduced innovative packaging for dried food. In addition, they have included exotic and tropical foods in their product line to attract a larger base of consumers.

Based on nature, the dried fruit market is mainly segmented into organic and conventional. Increasing customer health awareness is an important driver for the organic dried food market. For this reason, the organic dried fruit market should have a high preference over conventional dried foods during forecasting. The organic dried fruit market is expected to grow 6.1% annually over the next year. However, at present, the organic dried food market has a small market share due to its high cost. The growing preference for organic foods in developed economies is an important driver that should stimulate the organic dried fruit market in the near future.

The coronavirus pandemic had a great negative effect on all supply and value chain stages of various industries. Food and beverages are among the industries that are currently experiencing impacts as a result of the pandemic. Asia-Pacific is expected to experience the fastest growth during the forecast period. In addition, the expansion of the retail market and increased purchasing power in countries such as China and India are expected to stimulate demand for nutrient-dense foods. Increased availability, proper packaging, and a growing awareness of health needs have stimulated the dried food market in these countries. Other than that, people consume dried foods by mixing them into cereal, cheese, and yogurt. Furthermore, the regional market is expected to gain ground in the coming years due to the health benefits of consumers when consuming dried foods due to their high phytochemical content. As per the obtained data, Sunbeam Foods had the largest share of the Asia Pacific Dried fruit market in terms of sales revenue in 2018.

Based on nature, the dried food market is mainly segmented into organic and conventional. Increasing customer health awareness is an important driver for the organic dried food market. For this reason, the organic dried food market should have a high preference over conventional dried foods during forecasting. The organic dried food market is expected to grow by more than 8% annually over the next few years. However, at present, the organic dried food market has a small market share due to its high cost. The growing preference for organic foods in developed economies is an important driver that should stimulate the organic dried food market in the near future.
The market for Asia Pacific Dried Foods has been divided into China, Japan, India, Australia, South Korea, and the rest of the Asia-Pacific. In addition, the expansion of the retail market and increased purchasing power in countries such as China and India are expected to stimulate demand for nutrient-dense fruits. Increased availability, proper packaging, and a growing awareness of health needs have stimulated the dried food market in these countries. Other than that, people consume dried foods by mixing them into cereal, cheese, and yogurt. Furthermore, the regional market is expected to gain ground in the coming years due to the health benefits of consumers when consuming dried foods due to their high phytochemical content.

Increasing the application of dried foods in the production of baked foods, confectionaries, and other sweet dishes is fuelling the demand for the product in the region. Furthermore, an expanded retail market, along with rising purchasing power in the countries, including China and India, is expected to boost the demand for foods with rich nutrients. Enhanced availability, the right packaging, and growing awareness about health needs have been driving the market for dried food in these countries. For instance, Japanese snack manufacturer Calbee is conducting a sales trial for a dried apple snack to test consumer interest in the country as it continues to explore healthier new product development. Popular for its potato chips, shrimp crackers, cereals, and pea snacks, the company is now selling dried food snacks on Calbee’s online as well as in retail stores nationwide.

Covid-19 Impacts:
The coronavirus pandemic had a great negative effect on all supply and value chain stages of various industries. Food and beverages are among the industries that are currently experiencing impacts as a result of the pandemic. The affected workforce on farms, food and beverage production and processing plants, and the distribution network are analyzed to risk promoting the COVID-19 epidemic, the transmission of which can occur during various coordination activities. There is also a potential risk that the virus will spread through outbound products, leading to food security problems, when a trade occurs between geographic areas and different stages of the supply chain, resulting in a shortage of working manpower.

Major Companies present in the market:
Chaucer Foods Ltd, Archer Daniels Midland Company, Berrifine A/S, Red River Foods, AGRANA Beteiligungs-AG, Naturz Organics, Döhler, SUNBEAM FOODS, Olam International, Manassen Foods Australia Ptv Ltd., Graceland Fruit, Inc., Pasha International, Angas Park

Considered in this report
• Geography: Asia-Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Asia-Pacific Dried fruits market with its value and forecast along with its segments
• Country-wise dried fruits market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• India
• Australia
• South Korea

By Type
• Dried Apricots
• Dried Dates
• Dried Grapes / Raisins
• Dried Figs
• Dried Berries (Cranberries, Cherries, Blueberries, Blackcurrant, Strawberries, Blackberry)
• Prunes
• Others (Apples, Mangoes, Oranges, Pineapples)

By Nature
• Organic Dried Foods
• Conventional Dried Foods

By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores
• Convenience Stores
• Online Retail
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the dried fruit industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Manmayi Raval

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