The dried food market comprises food products that have undergone dehydration during processing to reduce weight and volume for storage and transportation. Dried fruits and vegetables are popular alternatives to fresh produce as they retain most nutrients while lending longer shelf life. Dehydration makes fruits and vegetables portable options for busy lifestyles while extending their availability beyond seasons. The process also preserves taste, texture and color of products with minimal preservatives.
The Global Dried Food Market is estimated to be valued at US$ 50.82 billion in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period from 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, and Bayer Material Science. Key players are investing in R&D to develop advanced drying technologies for maintaining nutritional value and sensory qualities of foods. They are also focusing on organic and clean label products to cater to consumer demand.
The growing demand for convenient, on-the-go snacks is driving sales of dried fruits and vegetables. Working professionals and students have hectic schedules that increase reliance on packaged foods that can be easily carried and consumed. Dried Food Market Size extended shelf lives that ensure availability and eliminate worries over spoilage. Moreover, availability of dehydrated variants online has made these products accessible throughout the year.
Major global food companies are expanding their dried food product lines into international markets. Latin American and Asian countries represent high growth opportunities backed by growing populations, rising incomes, and evolving food consumption patterns. Companies focus on customized product formulations, packaging artwork and communication in local languages to better engage international consumers.
Market Key Trends
The Dried Food Market is witnessing rising focus on healthier convenience through natural and clean label products. Increased health awareness is driving consumer preference for products with simple, recognizable ingredients and fewer preservatives and additives. Players are employing clean drying technologies like sun-drying and low-temperature dehydration to minimiz nutrient and quality losses. They are also enhancing flavor profiles through inclusion of spices and herb blends customized for different regions and cuisines. Product formulations highlight high protein and fiber contents from fruits vegetables and grains to appeal to diet-conscious users.
Porter’s Analysis
Threat of new entrants: Low startup costs allow opportunities for new players to enter the market easily.
Bargaining power of buyers: Buyers have high bargaining power as products from this market have substitutes and buyers can switch between suppliers easily.
Bargaining power of suppliers: Suppliers have moderate bargaining power as there are established players in the supply chain.
Threat of new substitutes: Products from other markets like canned and frozen foods pose threat of substitution to dried foods.
Competitive rivalry: The market is highly fragmented with presence of local and international players competing on pricing and innovation.
Geographical Regions
North America accounts for the largest share in the dried food market in terms of value. This is due to the increasing demand for convenience food products and rising health consciousness among consumers in the US and Canada.
Asia Pacific region is expected to witness the fastest growth during the forecast period. Rapid urbanization, growing working population and rising disposable incomes in emerging economies of China and India are driving the demand for dried foods in this region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
