Major market players are spending a lot of money on R&D to increase their product lines, which will help the Dried Fruits market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Dried Fruits industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Dried Fruits. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Dried Fruits industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Dried Fruits industry to benefit customers and expand the market sector. The Dried Fruits market has recently given medicine some of the most important advantages. Major hair care product market players, including National Raisin Company (US), Kiantama Oy (Finland), Red River Foods Incorporated (US), Traina Foods (US), Sunbeam Foods Pty Ltd (Australia), and others, are attempting to increase market demand by funding R&D initiatives.
National Raisin Company has the most technologically advanced dried fruit factory in the world. That’s right, the world. And we don’t just invest in the technology; we invest in the integration and function of it. This means strategically adapting our process when needed and ensuring the skill level of our technicians always surpasses the equipment.
Also, Kiantama is a Finnish family-owned company founded in 1973, specializing in the processing of wild berries. We produce and develop high-quality berry products and raw materials for the food, health supplement, and cosmetics industries. All of our products are available also in organic quality. Our consumer brand is called Biokia. They are portfolio is comprehensive and includes the following product groups: Frozen IQF, Berry juice concentrates, NFC-juices, Syrups, and Purées as well as Dried berries, Sugar infused berries, and Berry powders.
Bolas Agro Private Limited, India's top dry fruit and nut company, will build 20 additional retail locations in Bengaluru in 2023, increasing its presence in Karnataka. At a ceremony in Jayanagar today, Jagannath V. Pai, Chairman of the Pai Group of Hotels, officially opened the stores. The opening of the stores is consistent with Bola's goal to providing each customer with high-quality goods. The shops are made to provide customers with a tailored shopping experience and premium nuts at factory-direct costs. By doing this, it supports India's efforts to promote healthy nutrition.
Following the launch of its prebiotic- and probiotic-fortified goods, Turkey-based organic snack company Sunny Fruit is concentrating on expanding its functional dried fruit portfolio in 2023 with the goal of entering the China market.
Sunny Fruit, a brand of K.F.C. GIDA A., a large Turkish food manufacturing company, is well known for its organic dried fruits.
Natural Products Expo West, the world's largest trade show for natural, organic, and healthy products, will take place from March 7–11, 2023, in Anaheim, California. Dole Packaged Foods, LLC will present a new lineup of fruit-forward product innovations across its portfolio, including Snacks, Beverages, Ingredients, and Frozen Treats. To meet consumers' demands for more healthful options, Dole is expanding its portfolio of wholesome, delectable products, as well as branching out into new categories like Dry Snacks and launching a new brand, the Secret Nature of Fruit®, with products in the Supplement and Probiotic Sodas sectors.
In 2022, the food business will place a strong emphasis on waste minimization, high-quality food production, and extended shelf life. This may be affected by the UN's warning that there may not be enough food available to feed the growing world population, which is expected to reach 9.6 billion people by 2050. According to data from Foodbank, over 45% of the fruits and vegetables grown worldwide are wasted almost every year. The world economy suffers a $990 billion annual loss due to this food loss.