Report on dried fruits and nuts market reveals a significant boost . It was estimated to be 177990 million US Dollars in 2017 and is expected to shoot up to 265100 million US dollars by 2025 end. The market dry fruits and nuts market is expected to grow at CAGR of 5.1% in the forecasting period of 2018-2025 and in 2026 it may shoot up to 5.7% while the income produced from the dry fruits and nuts market was estimated to be around 43.54 Billion US Dollars in 2018.
Reasons behind such a mercurial rise in the market I due to growth in global urban demography and a significant increase in the income of the people thereby leading to an increase in demands of dry fruits and nuts and related products. Food manufacturers of cookies, biscuits and bakeries are largely benefited by the escalating demands. Advancement in retailing processes and a rise in online shopping stores make it convenient for the consumers to buy quality products containing dry fruits and nuts as they give consumers a clear picture of these products.
Manufacturers that play a major role in marketing of these products are Sun-Maid, Arimex,Olam International, Sunbeam Foods, Diamond Foods, Archer Daniels Midland, Kenegrade, Graceland, Hines Nuts Company and H.B.S. Foods.
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Key stakeholders of dry fruits and nuts market are dry fruits and nuts manufacturers, dry fruits and nuts distributors/traders/wholesalers, dried fruits and nuts subcomponent manufacturers, industry association and downstream vendors.
The major manufacturers covered in this report
Archer Daniels Midland
Hines Nut Company
Market segmentation by product:
On the basis of product, the global dry fruits and nuts market is segmented as raisins, berries, exotic and tropical fruits including pistachio, almonds, walnuts, apricot kernel, Chinese chestnut, peanut, hazelnut, macadamia and cashews. The tropical and exotic dry fruits and nuts include dried figs, apricots(dried) prunes etc. Raspberries, cranberries, blueberries are all types of berries that come under dry fruits. Raisins alone occupied the massive market share, around 50% in 2018.
Market segmentation by application/use:
Dry fruits and nuts are widely used for household purposes and commercial purposes. Commercial use includes dry fruits cookies and cakes, chocolates, pies, shakes etc.
Countries that widely contribute in the market share of these products are US, Mexico, Canada, Asian Pacific nations- China, India, Japan, and South Korea. Australia, Indonesia, Singapore too contribute in dry fruits and nuts market. In Europe, Germany, France, United Kingdom, Spain. Italy are the major contributors to the global market. Other countries include Brazil, Argentina, Saudi Arabia, Turkey and rest of Middle East and Africa.
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