According to Future Market Insights, the global freeze dried fruits market is expected to record a CAGR of 7.5% from 2023 to 2033 and reach a valuation of US$ 8.63 billion in 2023. In 2033, it is likely to reach a valuation of US$ 17.82 billion.
Due to their low carbohydrate content and lack of artificial additives, freeze dried fruits are preferred by consumers. The growing need for natural ingredients in the production of bakery and confectionery food products is expected to increase demand for freeze dried fruit and present potential for market producers to generate income in the future.
The Emerging Health-Conscious People is the Potential Growth Catalyst in the Freeze Dried Fruits Market
Rising consumer demand to reduce the risk of cardiovascular illnesses is predicted to raise the consumption of healthy food products, which is likely to fuel freeze dried fruits demand among freeze dried fruits manufacturers and drive market expansion in the coming years.
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Increased urbanization, particularly in developing nations, the deployment of enhanced packaging options, and rising disposable income might all contribute to the expansion of the freeze dried fruits industry.
Due to increasing customer demand to acquire freeze dried fruit or freeze dried fruits and vegetables from hypermarkets and supermarkets in key countries globally, offline distribution channels may emerge as a significant revenue contributor to the entire market.
Regional Analysis of the Freeze Dried Fruits Market
North America is expected to be the dominant region in the global organic freeze dried fruit market due to the existence of highly developed food and beverage industries and the rising prevalence of health-conscious people in nations like the United States and Canada. Due to the increased availability of various raw materials in countries such as India and China, Asia Pacific is likely to observe a considerable expansion in the freeze dried fruits market over the forecast period.
In the upcoming years, Europe is anticipated to experience moderate growth due to the waning influence of significant market participants in nations like the United Kingdom and Germany.
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Key Takeaways
- The conventional segment in the nature category is likely to record a CAGR of 7.1% from 2023 to 2033.
- The whole segment within the product type category in the freeze dried fruits market is expected to record a CAGR of 6.1% from 2023 to 2033.
- By 2033, the freeze dried fruits market in the United States is anticipated to record a CAGR of 4.7% and is projected to reach a valuation of US$ 2,538.1 million.
- By 2033, the organic freeze dried fruit market in Germany is likely to record a CAGR of 6% and projected to reach a valuation of US$ 663.7 million.
- The market in Spain is anticipated to record a CAGR of 4.3% and is expected to reach a valuation of US$ 206.6 million by 2033.
- The fruit type category’s orchard and citrus fruits section is expected to record a CAGR of 6.1% between 2023 and 2033.
- By 2033, the United Kingdom market is likely to record a CAGR of 7.8% and is projected to reach a valuation of US$ 655 million.
- By 2033, the China organic freeze dried fruit market is likely to record a CAGR of 9.7% and is projected to reach a valuation of US$ 2,686.3 million.
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Future Outlook of the Freeze Dried Fruits Market
Due to the presence of prominent freeze dried fruit manufacturers, there is severe competition in the global market. In the upcoming years, the market for freeze-dried fruit powders is expected to take up a sizeable portion of the overall market.
New product releases and other growth initiatives may help existing frozen dried fruit market players to gain a competitive edge while also opening up prospects for revenue generation.
Future research and development initiatives, such as the construction of Research and development centers in countries that offer essential resources at reduced costs, may act as a vital revenue-generating strategy for well-known freeze dried fruit powder market players.
Leading freeze dried fruit manufacturers may benefit from other expansion strategies, such as partnering with smaller businesses, to increase their market share and revenue.
Harmony House Foods Inc., Crispy Green, Mercer Foods LLC, and European Freeze Dry are some of the well-established freeze dried fruit suppliers.
Profound New Technologies and Progressions
- To assist food manufacturers with the production process, Paradise Fruits Solutions announced the introduction of new ready-to-eat granulates in August 2021. These granulate have been used in confectionery, baking, and chocolate goods.
Key Segments
Nature:
- Organic
- Conventional
Product Type:
- Whole
- Diced
- Powdered/Granulated
End user:
- Food & Beverages Products
- Breakfast Cereals
- Dairy Products
- Bakery & Confectionery
- Nutritional Bars & Supplements
- Powdered Beverages
- Snacks
- Retail (household)
Fruit Type:
- Berries
- Strawberry
- Raspberry
- Blueberry
- Cranberry
- Others
- Exotic & Tropical Fruits
- Mango
- Papaya
- Apple
- Guava
- Banana
- Cantaloupe
- Orchard & Citrus Fruits
- Kiwi
- Pear
- Peach
- Lemon
- Orange
- Grapefruits
- Others
Sales Channel:
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Store
- Food & Drinks Specialty Store
- Independent Small Grocery Store
- Online Retail
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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