Dublin, March 14, 2024 (GLOBE NEWSWIRE) -- The "United States Dry Fruit Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The United States Dry Fruit Market is undergoing a significant transformation. With the market size projected to reach a value of approximately US$ 23.45 billion by 2030, the industry is riding a wave of health-conscious consumer behaviors and versatile dietary applications.
This comprehensive analysis dissects the market dynamics driving the surge in dry fruit popularity. The push for healthier snacking options and the versatility of dry fruits in culinary uses is contributing to their increased consumption. Notably, the research forecasts a steady CAGR of 3.74% from 2024 to 2030, reflective of the industry's resilience and adaptability in the face of evolving consumer demands.
Segmentation Insights
- Market Segments: The report delves into various segments of the dry fruit market, such as almonds, walnuts, and pistachios, and assesses their consumption, import, export, and production shares within the market.
- Regional Production: Highlighting California's significant role in the dry fruit production landscape, the report examines the state's contributions, which account for around 80% of the nation's output.
- Consumer Preferences: Focusing on consumer preferences, the publication discusses the upward trend in the consumption of almonds, peanuts, and other dry fruit varieties due to their health benefits and versatility in snacking and cooking.
Key Market Drivers
- Increasing Demand for Almonds and Rising Health Awareness: The market study presents almonds as a major player in the dry fruit sector, owing to their health advantages and broad culinary applications. The emergence of almond-based products such as almond milk underscores the importance of this versatile nut in the American diet.
- Peanut Market Surge: Peanuts, regarded for their affordability and nutritional value, are also seeing an uptick in consumption. This is supported by their prominence in household staples like peanut butter and the evolution of snack products that cater to varying tastes.
- Pecans and Cashews Gaining International Traction: The export and import analysis within the report brings attention to pecans and cashews, highlighting the former's growing export share and the latter's import prominence. The international appeal of these nuts signifies their growing importance in the global dry fruit industry.
Companies Mentioned
- Sunbeam Foods
- Sun-Maid Growers of California
- Al Foah
- Bergin Fruit and Nut Company
- Angas Park
- Murray River Organics Gr
- Red River Foods
- Geobres, Kiantama Oy
- Sunsweet
- Traina Foods
This extensive research piece offers crucial insights into the United States Dry Fruit Market, shedding light on the factors that will contribute to its growth over the next several years. The findings in the report underline the importance of innovation, health trends, and changing consumer preferences in shaping the future of the industry. With this detailed market analysis, industry stakeholders can grasp the emerging trends and make informed decisions in this lucrative sector.
For more information about this report visit https://www.researchandmarkets.com/r/33k1qu
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