Dehydrated Fruits & Vegetables Market Scope, Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 to 2023
Research Reports
Jan 07, 2021
Market Insights
Market Research Future predicted that the Global Dehydrated Fruits & Vegetables Market to reach USD 38.06 during the forecast period at a CAGR of 7.95%.
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Key players
Most companies operating in this market are focused on increasing their activities in all geographic areas, research, and development capabilities, and spending heavily to deliver products with enhanced functionality. Some of the key players influencing the growth of DMH Ingredients, FutureCeuticals, Inc., Kanegrade Limited, Saipro Biotech Private Limited, NutraDry, Paradise Fruits Solutions Gmbh & Co., Activz LLC, Baobab Foods, LLC, Milne MicroDehydrated, Herbafood Ingredients GmbH. Major players in the dehydrated fruit and vegetable market have implemented strategies such as partnership, geographic expansion, new product development, acquisitions and product promotion to strengthen their business portfolio.
Market Segmentation
The Dehydrated Fruits and Vegetables Market are bifurcated based on type and shape.
The type segment consists of fruits and vegetables. Based on the species, the fruit segment is anticipated to take the lead in the forecast period from 2018 to 2023. The fruits are then segregated into apples, apricots, pineapples, bananas, cherries, among others. The fruits are expected to produce apricots with an increase in growth rate of 8.06%.
Recent Updates
The Kansas Department of Agriculture has been honoured with a prize of $373,525.24 via the Specialty Crop Block Grant Program. Funds for the program are presented by the U.S. Department of Agriculture Agricultural Marketing Service to increase growth prospects for specialty crops. According to the USDA, specialty crops are defined as fruits, tree nuts, vegetables, nursery crops, dried fruits, horticulture, and including floriculture. KDA has appointed other inheritors to use the funds further.
Regional Outlook
Geographically, North America might sustain its control over the forecast period. The North American region is anticipated to reach a valuation of $12.32 Billion over 2023 and grow with a CAGR of 7.69% over the forecast period, 2018-2023. The development of the North America region is likely driven by several factors, including the growth of technological advancement in the North American dehydrated fruit and vegetable market. In addition, the existence of major manufacturers in North America should be one of the most important factors for market growth.
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