India Dried Fruits Market Size Likely to Grow at a CAGR of 6.2% By 2033

As per the current market research conducted by the CMI Team, the India Dried Fruits Market size is expected to record a CAGR of 6.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 830.1 Million. By 2033, the valuation is anticipated to reach USD 1,426.2 Million.

India Dried Fruits Market: Growth Factors and Dynamics

• Health and Wellness Trends: Increasing health consciousness among consumers is driving the demand for nutritious food options, including dried fruits. The perception of dried fruits as natural and wholesome snacks rich in vitamins, minerals, and antioxidants fuels market growth.

• Rising Disposable Income: With rising disposable incomes and changing lifestyles, there is a growing preference for convenient and ready-to-eat snacks like dried fruits. Urbanization and busy schedules drive the demand for portable and nutritious snacking options.

• Growing Demand for Healthy Snacking: The demand for healthy snacking alternatives to traditional junk foods is on the rise. Dried fruits offer a guilt-free snacking option that satisfies cravings while providing nutritional benefits, contributing to market expansion.

• Expanding Retail Channels: The expansion of retail channels, including supermarkets, hypermarkets, convenience stores, and online platforms, enhances the accessibility and availability of dried fruits to consumers across urban and rural areas, stimulating market growth.

• Innovation in Product Offerings: Manufacturers are innovating with new product formulations, flavors, and packaging formats to cater to evolving consumer preferences and enhance product appeal. The introduction of organic, sugar-free, and value-added variants further drives market dynamics.

• Export Opportunities: India’s growing prominence as a supplier of dried fruits in the global market presents export opportunities for domestic producers. Favorable climatic conditions for fruit cultivation and improving infrastructure for export facilitate market growth and expansion beyond domestic borders.

• Cultural and Traditional Consumption Patterns: Dried fruits hold cultural significance in Indian cuisine and traditional practices, contributing to steady demand throughout the year, especially during festive seasons and religious occasions. This cultural affinity drives consistent consumption and market stability.

• Increasing Awareness of Vegan and Plant-based Diets: Growing awareness of environmental sustainability and ethical considerations prompts consumers to adopt vegan and plant-based diets. Dried fruits serve as a natural and cruelty-free alternative to animal-based snacks, aligning with the preferences of vegan and vegetarian consumers.

• Government Initiatives and Policies: Government initiatives promoting agriculture, food processing, and export-oriented policies support the growth of the dried fruits industry. Subsidies, infrastructure development, and trade facilitation measures encourage investment in cultivation, processing, and distribution, fostering market expansion and competitiveness.

India Dried Fruits Market: Partnership and Acquisitions

• In 2022, Ocean Spray collaborates with CANOMIKS to enhance cranberry product innovation, leveraging the superfruit’s recognized heart health and blood pressure benefits. This partnership aims to capitalize on cranberries’ nutritional properties, fostering product development and expanding market opportunities.

Report Scope

India Dried Fruits Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the India Dried Fruits Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Supply Chain: During the pandemic, disruptions in transportation and logistics affected the supply chain of dried fruits, leading to delays in procurement and distribution, impacting market availability and prices.

• Shift in Consumer Preferences: Changes in consumer behavior, including reduced spending on non-essential items and preference for essential food items, led to a temporary decline in demand for dried fruits as consumers prioritized staple foods over discretionary snacks.

• Focus on Online Retail: Dried fruit manufacturers and retailers expanded their online presence and e-commerce channels to reach consumers directly, leveraging digital platforms to drive sales and compensate for reduced foot traffic in traditional brick-and-mortar stores.

• Promotion of Health Benefits: Emphasizing the nutritional benefits and immune-boosting properties of dried fruits, manufacturers engaged in targeted marketing campaigns to educate consumers about the health advantages of incorporating dried fruits into their diets, stimulating demand and consumption.

• Product Diversification and Innovation: Manufacturers introduced new product variants, flavors, and packaging sizes to cater to changing consumer preferences and enhance product appeal, adapting to evolving market trends and expanding product offerings to attract diverse consumer segments.

• Strategic Partnerships and Collaborations: Collaboration between dried fruit producers, retailers, and online platforms facilitated the development of joint promotional campaigns, special offers, and discounts, creating synergies to boost sales and enhance market penetration.

• Supply Chain Optimization: Implementation of robust supply chain management practices, including diversification of sourcing locations, inventory optimization, and improved logistics efficiency, helped mitigate supply chain disruptions and ensure consistent availability of dried fruits in the market, supporting recovery efforts.

In conclusion, the COVID-19 pandemic has had a mixed impact on the India Dried Fruits Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the India Dried Fruits Market:

• Sunbeam Foods
• Agrocrops India Ltd.
• Sangam Dry Fruits & Nuts
• ARIHANT TRADERS
• M/s Hari Ram Gulab Rai
• Royal Foods
• JAINAR
• Good Life Dry Fruits
• BigSpoon Foods Pvt. Ltd.
• Wonder Nuts
• Crown Nut Company
• Jai Jinendra Dry Fruits
• KINGS DRY FRUITS
• JRD Nutmegs
• Royal Spices
• Others

The India Dried Fruits Market is segmented as follows:

By Product Type

• Raisins
• Apricots
• Prunes
• Dates
• Figs
• Others

By Nature

• Conventional
• Organic

By Packaging Type

• Pouches
• Cartons
• Bulk Packaging
• Others

By End User

• Food Processing Industry
• Bakery & Confectionery
• Snacks & Bars
• Dairy Products
• Beverages
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores
• Others