The global Dried Food Market is estimated to be valued at US$ 44.11 billion in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dried foods are shelf-stable food products that contain moisture levels low enough to inhibit microbial growth. They include fruits, vegetables, soups, seafood, meat and more. Dried foods are convenient to store and transport, have long shelf life without refrigeration and retain most of the nutritional value of fresh products.
Market key trends:
One of the key trends driving the growth of the Global Dried Food Market Size is Rising health consciousness. Consumers have become increasingly aware of maintaining a healthy diet and lifestyle. Dried foods such as fruits, vegetables and meat offer essential vitamins, minerals and other nutrients. They contain little to no preservatives or artificial ingredients. Moreover, dried fruits make for filling and nutritious snacks that provide an alternative to sugary, calorie-dense treats. The portability and convenience of dried foods also appeal to busy modern lifestyles.
SWOT Analysis
Strength: Dried foods have a long shelf life without refrigeration making them convenient for stockpiling and travelling. They are lightweight and easy to transport which reduces logistical costs.
Weakness: Dried foods tend to be less tasty and nutritious than fresh foods. The drying process can reduce vitamin and mineral content. Rehydrating dried foods takes time and planning.
Opportunity: Growing health awareness is increasing demand for low sugar, low salt options. The rise of online shopping expands access to specialty dried foods.
Threats: Fresh food producers can launch shelf-stable product lines. Strict regulations around food dehydration and package labelling increase compliance costs.
Key Takeaways
The global dried food market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for convenience snacks and meals. Rising incomes in developing nations are driving demand for premium dried foods.
Regional analysis: North America currently dominates the dried food market, however Asia Pacific is expected to be the fastest growing region expanding at a CAGR of 8.2% during the forecast period. Japan, China and India have large populations and rising disposable incomes which is supporting market growth in Asia Pacific.
Key players operating in the dried food market are Nestlé S.A., Unilever, General Mills, Inc., Mondelez International, Inc., Kellogg Company. These companies are launching new product lines targeted at health-conscious consumers. For example, Nestlé has launched dried veggie snack lines with no added sugar or salt. Greater variation of dried meal kits and ingredients is increasing the appeal for home chefs and campers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it