The Global Organic Dry Fruit Snacks Market was valued at USD 505.8 Million in 2019 and is projected to expand at a CAGR of 6.7% during the forecast period. The market is expected to grow owing to the increase in the number of people choosing organic food, which is free of synthetic fertilizers and pesticides over other available food options. Organic dry fruits are considered as superfoods full of nutrients such as minerals, potassium, calcium, and fibers. Additionally, organic dry fruits are considered to be tastier and healthier than conventionally produced dry fruits, thus driving the growth of the global organic dry fruit snacks market.
Customers are preferring healthy food options such as organic dry fruits due to various health benefits to combat heart diseases, obesity, and other diseases. Growing acceptance of and demand for nutritious packaged food and rising use of dried fruits in dairy, confectionary, bakery, and beverage industries are boosting the organic dry fruit snacks industry. Rising awareness about health benefits of organic dry fruits are increasing the consumption of dry fruits in their daily diets, thus fueling the market. Furthermore, rising trend of veganism is fueling the organic dry fruit market. Additionally, organic dry fruits are used in baked goods, oatmeal, fruit salads, and desserts; therefore, growing consumption of these foods propels the market. In the past few years, the demand for raisins from the chocolate industry has surged owing to its rich taste and flavor. However high price, false marketing and packing and fragmented market hamper the market growth.
Based on types, the market has been segmented into organic dried dates snacks, organic dried figs snacks, organic prunes snacks, organic dried raisins snacks, and organic dried apricots snacks. The organic dried raisins segment is expected to expand at a significant CAGR during the forecast period. The demand for raisins is growing among all age groups due to their health benefits and use in the chocolate industry. The organic dried figs segment is estimated to expand at a considerable CAGR during the forecast period driven by increasing demand for figs to meet the required nutritional in the form of snacks.
By Sales channel Segment
In terms of sales channel, the organic dry fruit snacks market is divided into supermarkets and malls, restaurants and hotels, food and beverages manufacturers, online retailers, and others. The supermarkets and malls segment generated the highest revenue during the last decade. People prefer to shop for food at malls and supermarkets, as they are more convenient for shopping. The online retailers segment accounted for a key share of the market due to growing urbanization and spread of COVID-19, which compelled people to stay home.
On the basis of regions, the global organic dry fruit snacks market has been classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a potential share of the market and is anticipated to expand at a CAGR of around 7% during the forecast period owing to the increase in the demand for organic food and superfood due to rapidly growing urbanization in the region. Europe accounts for a considerable share of the market due to rising number of people choosing healthy lifestyle. The market in Asia Pacific is projected to expand at a considerable CAGR during the forecast period due to increasing adoption healthy snacks and availability of small pouches and jars, which are making them a ready to go snack and enabling easy storage.
Some frequently asked quetions about this report!
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Yes, the report covers types of organic dried fruits such as organic dried dates snacks, organic dried figs snacks, organic dried prunes snacks, organic dried raisins snacks, and organic dried apricots snacks.
According to this Growth Market Reports report, the organic dried fruits market is likely to register a CAGR of 6.7% during forecast period, with an anticipated valuation of USD 816.2 million by the end of the 2027.
In addition to market size (in USD Million) and market volume (Tons) company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the Disc Brake is available in final report.
The market is driven by surge in the manufacture of organic dried fruits as there is rise in world population demanding organic food options. Additionally, organic dried fruits are easy to carry food and offer nutritional benefits, making them ideal for the fast lifestyle.
Factors such as competitive strength and market positioning are key areas considered, while selecting top companies to be profiled.
The market is expected to witness slight growth in terms of demand during 2019-2020 owing to the postive impact of COVID-19 pandemic on the organic dried fruit snacks market.
The base year considered for the global organic dry fruit snacks market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Supermarkets and malls, restaurants and hotels, food and beverages manufacturers, online retailers, and others.
Major Manufactures include Made In Nature, Inc., Sun-Maid Growers of California, Berrifine A/S, Sunny Fruit, Fruit Bliss, Montagu, Seeberger GmbH, Maitre Prunille, NOBERASCO SpA, Sunbeam, SDA Group Companies Inc, Isik Organic Co., Osman Akça, Crazy Jack, Peeled Snacks, Sunsweet, Whitworths, Prana, and Ocean Spray and Others.
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