Dried Food Market Is Estimated To Witness High Growth Owing To Opportunity For Improving Shelf Life
Dried food products like dried fruits, vegetables, meat, and seafood are highly nutritious and provide concentrated nutrients in small packages. They are lightweight, easy to store and transport.
The global dried food market is estimated to be valued at US$ 50.82 Mn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2024 to 2031.
Market key trends:
Growth Accelerated by increasing demand for lightweight and portable food products
The demand for dried food products is growing significantly owing to the increasing trend of busy lifestyles and hectic schedules. Dried food products provide the much-needed nutrition in a lightweight and portable package which can be easily carried while traveling or camping. The dried form eliminates the need for refrigeration and has a longer shelf life which makes it a preferred option for outdoor activities and emergencies. The growth of online retail and e-commerce has further boosted the demand as people can easily order dried foods online. Food technologists are also focusing on developing new product formats and innovative packaging solutions to enhance the taste and texture of dried foods. This is expected to drive the adoption of dried food products among various demographics.
Segment Analysis
The global dried food market is dominated by the snacks segment. Dried fruits and vegetables constitute a major share in the dried food snacks segment. Dried fruits are a rich source of vitamins, minerals, fiber, and antioxidants. They help lower sugar cravings and prevent overeating. Further, dried fruits are convenient to carry and eat on-the-go, thus contributing to the growth of this segment. Dried meat is another fast growing snacks sub-segment owing to increasing consumption of protein-rich snacks for instant energy boost.
Key Takeaways
The Global Dried Food Market Share is expected to witness high growth over the forecast period of 2024 to 2031 on account of changing lifestyles and growing health consciousness among consumers. The global dried food market is estimated to be valued at US$ 50.82 Mn in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2024 to 2031.
Regional analysis: Asia Pacific region currently dominates the global dried food market and is expected to continue its dominance over the forecast period. Rapid urbanization, rising disposable incomes, and increased awareness about the health benefits of dried foods are driving the market in the Asia Pacific region. China represents the fastest growing market in the Asia Pacific region due to a surge in snack consumption and changing dietary patterns in the country. North America is another major regional market for dried foods led by the U.S.
Key players: Key players operating in the dried food market are The DyStar Group, Lonsen, The Lubrizol Corporation, The Dow Chemical Company, Huntsman Corporation, BASF SE, Archroma, Omnova Solutions Inc., Solvay SA, Bayer Material Science. The DyStar Group holds a leading market position owing to its wide product portfolio and global supply chain network. Lonsen, a Chinese player, has emerged as a dominant player in the Asia Pacific dried food market through strategic acquisitions and expansion of domestic production facilities.
Get More Insights Here
https://whotimes.com/unlocking-climate-solutions-understanding-global-carbon-credits/
https://www.newsstatix.com/dried-food-market-size-share-growth-outlook-2023/
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