Dry fruit ingredients Market: Market Outlook
Dry fruit ingredients are obtained from various dry fruits and further used in different food and beverage applications. Dry fruit ingredients are used in food products such as bakery, dairy, confectionery and others. Additionally, these ingredients also potentially use the multiple beverage items with aimed at offering different taste and flavor. The dry fruit ingredients also provide better nutritional composition along with multiple health benefits to the various food products. The consumer is demanding the more healthy nutritional and health benefits from the food they are consuming which has further increases the use of dry fruit ingredients in the food and beverage industry.
The dry fruit ingredients are available in different types such as flour, powder, pieces, slices, and others. These ingredients types are increasingly becoming favorable to the food manufacturers as well as to the consumers. For instance, almond flour is low in carbs and packed with varieties of nutrients which offer higher benefits than other flours. This has created more demand for other dry fruit ingredients such as walnut powder, date pieces, raisins pieces, and others. Moreover, dry fruits are also associated with lowering the bad cholesterol, which has also increased the demand for dry fruit ingredients.
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Growing consumer inclination towards the healthy and nutritional food products is flourishing the demand for the dry fruit ingredients
Dry fruit ingredients market is driven by the rising consumer demand for the highest nutritional food products. The consumer across the world is preferring the more nutritional food products which aimed at getting a healthy lifestyle. This has led to the rise in the use of dry fruit ingredients by food and beverage manufacturers. This is one of the beneficial factors for the global dry fruit ingredients market. Furthermore, the growing health consciousness among the consumers has also increased the use of different types of dry fruit ingredients in the household. The dry fruit flour, slices, and powder have offered more nutritious advantages to the consumers after utilizing them in different homemade cuisines. This is further fueling the retail sales of the different dry fruit ingredients. Additionally, the growing consumption of functional beverages is also offering the potential opportunity for utilization of dry fruit ingredients. However, the high cost of dry fruit ingredients is among the restraining factor for the global dry fruit ingredients market.
Global Dry Fruit Ingredients Market: Segmentation
On the basis of nature, dry fruit ingredients products market has been segmented to:
On the basis of type, dry fruit ingredients products market has been segmented to:
- Whole fruits
- Powder & Paste
- Pieces & Slices
On the basis of dry fruits, dry fruit ingredients products market has been segmented to:
On the basis of application, dry fruit ingredients products market has been segmented to:
- Soups & Sauces
On the basis of distribution channel, dry fruit ingredients products market has been segmented to:
- Business to Business
- Business to Consumer
- Convenience Store
- Specialty Stores
- Online Retail
On the basis of region, dry fruit ingredients products market has been segmented to:
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
Global Dry Fruit Ingredients Market: Key Players
Dohler, Olam International Limited, Rolling Hills Nut Company, SUNBEAM FOODS, WellBees, Rolling hills nut company, Alldrin Brothers, Treehouse California Almonds, Shiloh Farms, and others.
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Opportunities for Market Participants in Dry Fruit Ingredients Market
Dry fruit ingredients are becoming the nutritional ingredients to the food and beverages industry owing to the offering better nutritional and health benefits which is further providing the beneficial opportunities to the manufacturers in global dry fruit ingredients market. The dry fruit ingredients are usable to various applications in the food and beverages industry and also have potential use in functional food and beverages. This is offering a better market scenario for the market participants in the dry fruit ingredients market.
Global Dry Fruit Ingredients Market: Regional Outlook
North America is leading in the global dry fruit ingredients market by showing the highest value share due to the highly developed food and beverage industry in the region. Whereas, Europe is followed by North America is also showing the significant value share in global dry fruit ingredients market and the major reason is large manufacturers of dry fruit ingredients manufacturers in the region. However, East Asia and South Asia are displaying the highest growth in the global dry fruit ingredients market owing to increasing dry fruit consumption in both regions.
As the effect of COVID-19 is continue to rise on food and beverage industry, the growth of dry fruits ingredients is also expected to affect. Production of dry fruits is limited to several regions and country, which further impact the supply-chain of dry fruits. Additionally, processing of dry fruit also could also impact, as the manufacturing sector is also been hit by the global pandemic. Therefore, the dry fruit ingredients market could witness the slower growth due to COVID-19 pandemic.