Freeze Dried Fruits Market Driven by Growing Demand for Natural Ingredients in Bakery & Confectionary Products: Future Market Insights
*Market players becoming more cautious and focusing on thorough examination of aromatic and herbal plants to diminish the chances of contamination.*
*DUBAI, UAE / ACCESSWIRE / December 17, 2020 / Future Market Insights: *The freeze dried fruits market is slated to expand at CAGR of 7.3% over the assessment period, 2020 to 2030. The mounting demand in the food & beverages sector is likely to remain a primary growth driver. Freeze dried fruits complement extended shelf-life without conceding on the nutritional value, which is why their uptake is increasing particularly amid health conscious customers.
*"Huge focus on food derived from natural resources is boosting market players to launch several freeze dried fruits, including berries, orchard and citrus fruits, exotic & tropical fruits, along with others. Furthermore, they are progressively eliminating preservatives and synthetic flavors and substituting them with natural colors, and flavors." concludes the FMI analyst.*
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*Key Highlights*
· *North America will remain the frontrunner in the global market, trailed by Europe & East Asia.*
· *Conventional nature is at present leading in contract to organic segment in the market.*
· *Whole freeze dried fruits category will remain lucrative among other product types accessible in the market.*
· *Orchard and citrus fruits are majorly preferred owing to their indefinite health benefits and their abundant accessibility.*
· *B2B will remain majorly preferred sales channel among others in global market. *
*Drivers*
· Upsurge in number of bakeries and confectionaries are boosting the demand for freeze dried fruits
· With increasing health concerns amid consumers and preference towards natural flavor is impelling the market growth.
· Growing need for sustainable, cost-effective, and healthy food solutions will fuel the sales of freeze dried fruits in the foreseeable future.
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*Restraints*
· Prone to contamination by bacteria and toxigenic fungi can lead them to vitiate over time, hence challenging sales in the market.
· High cost of freeze dried fruits can be a major deterrent to the growth of the market.
*COVID-19 Impact on the Market*
The COVID-19 outbreak has influenced the food & beverages sector which is the significant end user of freeze dried fruits market. In spite of decreasing sales owing to limitations imposed to curb the virus spread, the market is likely to expand in the foreseeable years.
Moreover, the closing down of several sales channels such as convenience stores, hypermarkets/supermarkets, B2B sales channels, specialty stores, along with others has weakened the market growth.
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*Competitive Landscape*
Key market players in freeze dried fruits are relying on launching an extensive range of products to boost their customer base and attain a competitive edge. A few of them are engaged in several health benefits which are high in demand amid consumers.
Major market player identified in the global market are Kerry Group Plc, Chaucer Freeze dried, European Freeze Dry, Crispy Green, OFD Foods ,LLC, Harmony House, Paradise Fruits, Mercer Foods, Freeze Dry Foods, , Molda AG, Van Drunen Farms SARAF Foods ltd., Kanegrade Ltd and Watershed Foods, LLC.
*Table Of Content*
*1. Global Freeze Dried Fruits Market - Executive Summary*
1.1. Global Freeze Dried Fruits Market Country Analysis
1.2. Application - Product Mapping
1.3. Competition Blueprint
1.4. Technology Time Line Mapping
1.5. FMI Analysis and Recommendations
*2. Market Overview*
2.1. Market Introduction
2.2. Market Definition
2.3. Market Taxonomy
*3. Scenario Assessment of the Impact of COVID-19 on Freeze Dried Fruits Market *
3.1. Current Scenario/ Immediate Actions
3.1.1. Prepare for the worst, and be thankful if it doesn't happen; a wait-and-see approach is a nonstarter
3.1.2. The recovery may not be a quick bounce-back; plan for multiple quarters of lower revenue
3.1.3. Encourage Collaboration and look beyond legacy approach
3.1.4. Address immediate challenges that COVID 19 represents to workforce, customers and partners
3.1.5. Address near Term cash management Challenges
3.2. Customers will change some behaviors permanently- accelerating prior trends; bold action now can set you up for success through the downturn and beyond
3.3. Market Scenario and the Forward Path
3.3.1. Global Target Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2020-2023) and Long Term (2024-2030)
3.3.1.1. Optimistic Scenario
3.3.1.1.1. China
3.3.1.1.2. US
3.3.1.1.3. Euro Zone
3.3.1.1.4. Rest of the World
3.3.1.2. Likely Scenario
3.3.1.2.1. China
3.3.1.2.2. US
3.3.1.2.3. Euro Zone
3.3.1.2.4. Rest of the World
3.3.1.3. Pessimistic Scenario
3.3.1.3.1. China
3.3.1.3.2. US
3.3.1.3.3. Euro Zone
3.3.1.3.4. Rest of the World
3.3.2. Key Factors Impacting the Market
3.3.3. Case Studies- Lessons from the companies that survived & thrived in the last recession.
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*About the Study*
The study offers readers a comprehensive assessment of the freeze dried fruits market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on nature (organic, conventional), product type (whole, diced, powdered/granulated), end use (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)), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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*About Future Market Insights*
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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*SOURCE:* Future Market Insights
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