Market Overview
Market Research Future (MRFR) expects the Covid-19 Analysis on Dehydrated Fruits and Vegetables Market 2020 to touch UDS 38 Bn by 2023, crossing the valuation of USD 22.34 Bn it had reached in 2016. These figures indicate that the market holds the potential to achieve a decent CAGR of 7.95 percent over the assessment period (between 2020 and 2023). We will provide covid-19 impact analysis with the report, offering an in-depth review following the coronavirus disease outbreak.
Top Boosters and Deterrents
Sharp spike in the worldwide demand for nutrition-rich food has induced major growth in the demand for dehydrated fruits and vegetables in recent years. The extended shelf-life of dehydrated fruits and vegetables remains another key reason behind the consumers’ growing attraction towards these products since these can be easily stored and there is no compromise with respect to taste. The dehydrated fruits and vegetables market’s position will also be buoyed by the intensifying demand for convenience food among time-pressed consumers, who cannot find time to cook owing to their hectic schedules.
Since dehydrated fruits and vegetables are known for their long shelf life, they help boost the profit margins of the retailers, given the reduced spoilage rates. Other than this, these food products are also quite popular among the expanding pool of health-conscious people across the globe. Surge in food-based technical advancements to produce better quality products combined with the escalating use of superior food dehydrators backed by the growth in investments in this regard could also work in favor of the dehydrated fruits and vegetables market. To illustrate, in April 2020, Agri cycle Global used its solar dehydrators to develop and launch Jali Fruit Co., which is a range of sun-dried fruits. The company has used solar dehydrators to dehydrate natural fruits from over 35,000 rural farmers worldwide to make long lasting snacks.
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Partnerships, acquisitions, and product launches are some of the top favored strategies employed by the reputed firms to stay relevant in the global industry. For instance, in August 2020, Naughty Fruit, manufacturers of dehydrated fruits, launched Kickstarter, with the aim to boost boosting their all-natural snacks range. All the Kickstarter products are dairy and gluten free, and contain no preservatives, additives, artificial ingredients, or sweeteners. With the use of natural dehydration technologies that help preserve the nutrients of the fruit, the company aims to produce a travel-ready, convenient snack that is nutritious, tasty, and naturally sweet.
Eminent Firms
Eminent firms in the Worldwide Covid-19 Analysis on Dehydrated Fruits and Vegetables Market that are striving to gain a higher position armed with various growth strategies include ACTIVZ LLC (U.S.), SAIPRO Biotech Private Limited (India), Baobab Foods, LLC (U.S.), Milne MICRODRIED (U.S), Paradise Fruits Solutions GMBH & Co. (Germany), FUTURECEUTICALS Inc. (U.S.), DMH Ingredients (U.S.), KANEGRADE Limited (U.K), NUTRADRY (Australia), HERBAFOOD Ingredients GmbH (Germany) to mention a few.
Market Segmentation
Global Covid-19 Analysis on Dehydrated Fruits and Vegetables Market has been considered for type and form, in the MRFR study. The key types studied in the MRFR report include fruits and vegetables. The fruits category is presumed to take the lead soon, headed by segments like cherries, apples, apricots, pineapple, bananas, and others. Among these, apricots enjoy the highest demand in the market, and the segment can expand a rate of 8.06 percent over the conjectured period. The vegetable segment has been categorized as tomato, onions, garlic, mushrooms, and others.
The form-based segments analyzed in the study are powder, granules, and more. The powder segment is said to dominate the global Dehydrated Fruits and Vegetable Market in the upcoming period.
Regional Study
The regional study of the global Dehydrated Fruits and Vegetable Industry covers Asia Pacific or APAC, Europe, Latin America, MEA/Middle East & Africa and North America.
North America could stay at the top in the global market throughout the conjectured timeline and can hit a solid USD 12.32 billion by 2023-end. Over the given period, the North American market can also expect to attain a CAGR of 7.69%, with the said growth being motivated by the surge in technological innovations and the strong presence of several world-renowned manufacturers in the region.
The APAC market can observe an accelerated growth between 2020 and 2023 during, thanks to the well-developed agriculture industry and the soaring demand for nutrition-rich food items. The evolving eating habits, in the wake of the rising urbanization, and the rising inclination towards new tastes in populous countries like China and India can also be favorable for the regional market. The robust distribution channels that facilitate simplified product supply across the region and the surging prevalence of dehydrated fruits and vegetables like potatoes, onions, cranberries, blueberries, apples and strawberries also induce market expansion in the region.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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