Market Overview
As per the analysis conducted by Market Research Future (MRFR), the global Dehydrated fruits and vegetables Market Share is anticipated to procure a market value of USD 38.06 billion while expanding at a CAGR of 7.95% by 2023.
The rapid expansion of the food-processing sector and the increasing demand for ready-to-eat food products are anticipated to play a significant role in driving the global freeze-dried fruits market during the forecast period. The busy work life and the growing number of the working population are other salient causes that are likely to increase the demand for such edibles, thereby benefitting the market in the analysis tenure. The increasing awareness about the convenience, taste of freeze-dried fruits, and the nutritional profiles are expected to grow the demand for such fruits and vegetables, which can benefit the industry in the coming time. In addition to these, the rising disposable income is predicted to augment the market size in the assessment tenure. On the other hand, the high expenses associated with such fruits and vegetables are anticipated to hamper the market growth during the forecast period.
Market Segmentation
The global Dehydrated Fruits and Vegetables Market can be segmented on the basis of form and type.
The form-based segments of the global Dehydrated Fruits and Vegetables Market are powder, granules, and others. Among all, the powder segment is anticipated to lead the market during the forecast period.
The type-based segments of the global Dehydrated Fruits and Vegetables Market are fruits vegetables. Between the two segments, the fruits segment is anticipated to lead the market during the forecast period from 2018 to 2023. The fruit segment can is further segmented into apples, bananas, apricots, pineapple, cherries, and others. In the fruit segment, the apricots segment is anticipated to grow at a CAGR of 8.06% during the forecast period. The vegetable segment is further classified into onions, tomato, mushrooms, garlic, and others.
Regional Analysis
As per the assessment conducted by Market Research Future (MRFR), the global Dehydrated fruits and vegetables Market Share is anticipated to be dominated by North America. The region is anticipated to acquire a market value of USD 12.32 billion while expanding at a CAGR of 7.69% during the forecast period from 2018 to 2023. The increasing demand for foods that demand minimum efforts to prepare is expected to enhance the demand for such edibles, thereby driving the regional market significantly. Among all, the US is anticipated to make the most significant contribution in developing the regional market during the assessment period. Furthermore, the presence of established players is likely to be another factor that can play a significant role in bolstering the regional market during the analysis timeframe. In addition to these, the increasing initiatives to expand the consumer base is likely to augment the market size in the forecast analysis. For example, Chaucer Group had expanded its facility in Oregon, US. On the other hand, APAC is anticipated to procure significant market value during the forecast period. The increasing employment and the rising disposable income are anticipated to play a significant role during the forecast period. Furthermore, the presence of developing countries such as India, China, and Japan are likely to make significant participation to develop the market in the coming time.
Key Players
Some of the renowned players of the global Dehydrated Fruits Vegetables Industry are Herbafood Ingredients GmbH (Germany), FutureCeuticals, Inc. (U.S.), DMH Ingredients (U.S.), Kanegrade Limited (U.K), NutraDry (Australia), Paradise Saipro Biotech Private Limited (India), Fruits Solutions Gmbh Co. (Germany), Baobab Foods, LLC (U.S.), Activz LLC (U.S.), and Milne MicroDried (U.S).
Industry News
February 2021- WayCool Foods has signed a 1-year MoW with the Indian Institute of Food Processing Technology to develop sustainable and optimal technology for enhancing the shelf life of selected fruits and vegetables. The MoU was signed between Karthik Jayaraman, CEO, WayCool Foods, and Dr. C Anandharamakrishnan, Director IIFPT. A few months before, WayCool joined hands with IIT-Hyderabad which aimed at reducing food wastage.
February 2021- Hazel Technologies, a USDA-funded technology company delivering new solutions for fresh produce to extend shelf-life, fight food waste, increase sales, announced the launch of the first-ever virtual Stone Fruit Quality Summit. A one-hour event was held on February 26. The summit will feature eminent speakers from across the fruit industry of Northern India.
February 2021- FMCG direct selling firm Amway India announced the launch of its latest innovation in-home care category with Amway HomeTM fruit Veggie Wash.
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