The dried food market comprises various types of food products which have been dried to preserve it from spoilage or decomposition. The drying process removes moisture from food products such as fruits, vegetables, meat, poultry, fish and dairy products making it inhospitable for the growth of microorganisms. Dried food products offer the advantages of longer shelf life, lightweight and reduced volumes making it convenient for storage and transportation. The growing health awareness among consumers regarding the health benefits of dried fruits and vegetables such as high fiber content, antioxidants, vitamins and minerals is driving the demand for dried food products.
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.
Key Takeaways
Key players operating in the dried food market are The DyStar Group, Lonsen, The Lubrizol Corporation, The Dow Chemical Company, Kiri Industries, Huntsman Corporation, BASF SE, Archroma, Omnova Solutions Inc., Solvay SA, Bayer Material Science. These key players are focusing on new product launches, mergers, acquisitions and collaborations to gain a competitive advantage in the market.
The growing health awareness among consumers regarding the health benefits of Dried Food Market Size and vegetables is fueling the demand for dried food products. Dried fruits provide various health advantages such as heart health, vision health, weight management and anti-aging benefits. The increasing per capita income is enabling consumers to spend more on high quality premium dried food products.
The dried food manufacturers are exploring opportunities in developing economies owing to rapid urbanization, rising disposable incomes and growing population. The Asia Pacific region accounts for the largest and fastest growing market for dried food owing to rising living standards and health consciousness in countries such as India and China. South America and Middle East & Africa are also projected to offer lucrative growth opportunities for dried food manufacturers over the forecast period.
Market Drivers
Changing Lifestyle and Busy Work Schedules: With rapid globalization and changes in lifestyle, there is an increase in demand for convenient and ready-to-eat food options. The availability of dried food in light-weight, easy-to-carry packaging makes them ideal for busy consumers with hectic work schedules. This rising demand for convenient snacks is fueling the growth of dried food market.
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