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The dried food market size is projected to increase by USD 7.50 billion with growth at a CAGR of 6.78% between between 2023 and 2028. The growth of the market depends on several factors, including the health benefits of these products, the high convenience of the products, and the longer shelf life of the products.
The market's main impetus stems from the convenience it presents to consumers in search of swift and effortless meal choices. As on-the-go eating habits become increasingly prevalent, dried foods emerge as a viable solution owing to their extended shelf life and easy storage, eliminating the necessity for refrigerators. This convenience renders them favored options for hectic lifestyles, serving as both convenient meals and nutritious snacks. Major industry players such as The Kraft Heinz Co. and European Freeze Dry capitalize on this trend, meeting the escalating demand for convenient food items propelled by urbanization and evolving consumer behaviors. Hence, convenience remains a pivotal factor driving growth within the global dried food market.
The market shows an Accelerate CAGR during the forecast period.
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The market encompasses a wide range of products including eggs, instant coffee, fish, and processed food items. Drying is an essential process in food preservation, maintaining the nutritive value and extending the shelf life of these goods. Consumer trends towards on-the-go eating habits have fueled the demand for ready-to-eat food goods such as dried plums, cereal products, fruits snacks, and vegetable snacks. Hybrid drying technologies like freeze-drying and vacuum drying are increasingly adopted in the food-processing sector to produce high-quality, flavorful dried processed food . Moisture content plays a crucial role in the drying process, ensuring the food retains its desirable texture and taste. However, the use of artificial food additives in dried foods can raise concerns regarding health implications, particularly for individuals with healthcare conditions like osteoporosis disease. Therefore, the food industry continues to innovate and explore natural drying methods and alternative flavor enhancers to cater to evolving consumer preferences.
The market is primarily driven by the high convenience it offers to consumers seeking quick and easy meal options. The global market encompasses various products resulting from the drying process, which reduces moisture content and extends shelf life. This sector includes a diverse range of items, such as eggs, instant coffee, fish, and fruits, among others. Drying techniques, including sun drying, hot air drying, sun radiations, and hot air technology, play a crucial role in preserving the nutritive value of these foods. Consumer trends towards healthier eating habits and on-the-go convenience have fueled the demand for dried foods. Dried fruits, vegetables, and nuts, for instance, offer significant nutritional benefits, including high vitamin C content, potassium, iron, protein, fiber, and healthy fats. These foods are often preferred over processed alternatives, which are high in sugar, fat, and artificial food additives. Hybrid drying technologies, such as freeze drying and dehydration, have gained popularity due to their ability to maintain the food's flavor and texture while preserving its nutritive value.
Freeze-dried foods, including fruits, vegetables, and meat, are particularly popular due to their long shelf life and convenience. The food-processing sector has embraced these trends, with an increasing focus on ready-to-eat food goods and gluten-free options. Dried plums, for example, are known for their bone protection properties and are often recommended for individuals with osteoporosis disease. However, contamination and food safety concerns remain a challenge in the dried food market. Backward integration strategies, such as sun drying and hot air drying, are being adopted by manufacturers to ensure product quality and reduce reliance on external suppliers. The market for dried foods is expected to grow significantly, with a focus on innovation, flavor, and convenience to cater to evolving consumer preferences. As such, convenience remains a significant driver of growth in the global dried food market.
The increasing prominence of private-label brands is the primary trend in the global market. Private-label dry food is becoming an important area for retailers around the world. Various retailers are selling various types of dry food under their own brands to increase their profitability, which contributes to the growth of the global dry food market. Globally, major retailers are introducing their brands of products, such as dried milk, dried pepper powder, dried sausages, and dried snacks, to capitalize on the growing demand among consumers. In the last decade, the private-label product segment has grown in terms of scope and size.
For instance, China-based Alibaba sells a variety, such as dried beans, dried fruits, dried pepper powder, dried fruit powder, and several other products under its own brand. Private-label products are priced less than branded products. Hence, price-sensitive consumers are more likely to purchase such products. Supermarket chains started allocating more shelf space to their private-label offerings and various in-house marketing and promotional activities. The demand for private-label brands is expected to increase, which, in turn, will aid in the growth of the global market during the forecast period.
Stringent government regulations regarding the sales, marketing, and labeling of products are major challenges impeding the growth of the global market. These regulations relate to product permits, new player entry restrictions, residual control issues, and expiration dates. The FDA plays a key role in regulating the manufacture and distribution of dry foods in the United States. Complying with these regulations is a difficult task for market participants. Furthermore, these regulations can hinder the entry of new players and create barriers to the innovation of new products in the market.
In Europe, the European Food Safety Authority (EFSA) has set regulations for manufacturing, labeling, and marketing health and wellness food products with various claims, such as reduced fat and low fat. The EFSA closely monitors all the health claims made by companies over various media, such as on-pack labels, hard copy ads, and websites, and verifies the same. Thus, stringent government regulations for the use of different food products can become a major challenge for the growth of the global dried food market during the forecast period.
The market share growth by the fruits segment will be significant during the forecast period. Fruits were the largest segment of the global market in 2023 and will continue to be the largest segment of the market during the forecast period. The growing awareness regarding healthy food products is one of the major factors driving the growth of this segment.
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The fruits segment was valued at USD 5.25 billion in 2018. There are various dried fruits, such as raisins, apricots, apples, mangoes, cranberries, bananas, figs, dates, and plums. One of the main benefits of dried fruit is its nutritional value. Although the drying process can result in the loss of heat-sensitive vitamins such as vitamin C, dried fruits contain important nutrients such as fiber, minerals, and antioxidants. Providing an excellent source and a healthier alternative to processed snacks, dried fruit appeals to health-conscious consumers looking for nutritious snacking options. They are a practical choice for people with active lifestyles and provide a quick energy boost. Such factors will increase segment growth during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period
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The increasing demand for vegan food products is forcing market players to introduce vegan products. The number of consumers adopting a vegan lifestyle is increasing in the US, Brazil, Canada, and other countries in North America. Approximately 2%-6% of consumers in the US identify themselves as vegans. The number of startups offering a vegan diet is increasing in the US. The vegan lifestyle is gaining popularity among the young population in Mexico, and its popularity is expected to increase during the forecast period. Thus, the market in North America is expected to register significant growth during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The dried food market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Ajinomoto Co. Inc., Asahi Group Holdings Ltd., B and G Foods Inc., Campbell Soup Co., Carnivore Meat Co. LLC, Create A Pack Inc., Crispy Green Inc., European Freeze Dry, Flex Foods Ltd., General Mills Inc., Harmony House Foods Inc., ITC Ltd., Mondelez International Inc., Saraf Foods Pvt. Ltd., Sunsweet Growers Inc., The Kraft Heinz Co., Thrive Foods, Tong Garden Co. Ltd., Unilever PLC, and Van Drunen Farms
The dried food market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The dried food market growth analysis report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Dried Food Market is a significant sector within the global food industry. This market encompasses a wide range of products, including fruits, vegetables, meats, and grains that have been preserved through various methods, such as sun drying, freeze drying, and oven drying. The demand for dried food is driven by several factors, including their long shelf life, convenience, and nutritional value. Consumers are increasingly seeking healthy and convenient food options, leading to a rise in demand for dried fruits and vegetables. Additionally, the growing trend of vegetarianism and veganism is fueling the demand for dried plant-based proteins, such as soybeans and lentils. Moreover, the increasing popularity of snacking and the convenience food industry is also contributing to the growth of the dried food market.
The market is expected to continue its growth trajectory, driven by these trends and the increasing global population. Dried food manufacturers are focusing on innovation and product development to cater to evolving consumer preferences. For instance, there is a growing trend towards organic and natural dried food products, which are free from additives and preservatives. In conclusion, the dried food market is a dynamic and growing sector, driven by various factors, including changing consumer preferences, health trends, and the convenience food industry.
The dried food market is witnessing a surge in demand due to the growing preference for natural and healthy food items. Consumers are increasingly turning to gluten-free foods and vegan options in their regular diet. Dried plums and dehydrated meat are gaining popularity as convenient and nutritious snacks. Instant natural fruit juices and soups offer a quick and tasty solution for busy lifestyles. Backward integration strategies are being employed to ensure contamination-free and high-quality products. Various drying methods, such as sun drying and hot air drying, preserve the nutritional value of foods while enhancing their shelf life. Freeze-dried food items retain their original flavor and texture, making them a hit among health-conscious consumers. Gluten-free food and all-natural options, including herbs and food flavorings, cater to a diverse range of dietary needs. Embracing packaged food formulations, the dried food market continues to innovate, offering nutritious and convenient choices for modern consumers.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market growth 2024-2028 |
USD 7.50 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, Germany, Canada, China, and UK |
Competitive landscape |
Leading Companies, market growth analysis, market research and growth, market forecast Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajinomoto Co. Inc., Asahi Group Holdings Ltd., B and G Foods Inc., Campbell Soup Co., Carnivore Meat Co. LLC, Create A Pack Inc., Crispy Green Inc., European Freeze Dry, Flex Foods Ltd., General Mills Inc., Harmony House Foods Inc., ITC Ltd., Mondelez International Inc., Saraf Foods Pvt. Ltd., Sunsweet Growers Inc., The Kraft Heinz Co., Thrive Foods, Tong Garden Co. Ltd., Unilever PLC, and Van Drunen Farms |
Market dynamics |
Parent market analysis, Dried food market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Dried food market worth and condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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