Dried Apple Market Size, Share, Growth, and Industry Analysis by Type (Green Dried Apples & Red Dried Apples), By Application (Direct Consumption, Candy and Snacks & Others) Regional Forecast From 2023 to 2031

Updated On: 13 November 2023

Dried Apple Market REPORT OVERVIEW

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The global dried apple market size was USD 151.0 million in 2021 and the market is expected to reach USD 209.43 million in 2031, exhibiting a Compound annual growth rate (CAGR) of 3.36% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The typical chewy apple slices are made from dry apple. An apple is traditionally cored and sliced before being dried until it is just barely leathery but is still somewhat soft. The product slices typically lack the circular shape of apple rings and aren't as crisp as apple chips. When dried, sweet apples have a flavor that is almost candy-like. When an apple is dehydrated, all the sugar and sweetness within it are concentrated even more. Both soluble and insoluble fiber are present in dry apples. Insoluble fiber supports a healthy digestive system while soluble fiber aids in blood sugar regulation.

Additionally, dry apples are a rich source of antioxidants, which guard cells against oxidative damage. An excellent source of dietary fiber is dried green apples. The thick skin and tart flavor of green apples make them crispier. On the other hand, red apples have thin skin, are sweet, and are juicy. You get 20% of your daily needs from one serving. Even after being dried, the fresh sour apple flavor endures. You get the sensation of fresh apples when you are using dry apple because of their unique softness.

COVID-19 Impact: Industry Imbalance to Restrict Market Growth

The COVID-19 epidemic caused problems for food companies like volatile markets, a drop in customer confidence, and difficulties with import and export transactions. Markets were shut down and people stayed at home due to the lockdown. However, this sudden demand disrupted the entire market because the necessary materials were not readily available. In addition to having an immediate influence on markets, supply chains, supply and demand, and all of these other things, it also had a financial impact on the markets for food and beverages.  The manufacturers are concentrating on safeguarding their personnel, business processes, and supply chains to deal with this severe scenario. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall food & beverages industry. This has partially impacted the dried apple industry.

LATEST TRENDS

"Dried Apple Peels to Boost the Market Growth"

Apple peel that has been dried is one of the major market trends. They have high levels of antioxidant activity and are rich in phytochemicals. Food waste is discovered to be the main cause of the rising demand for food, fruit, and vegetables along with the expanding population. During the forecast period, demand for dry apples is expected to increase due to the wide range of uses for dry apple peel. The leftover apple peel from making applesauce is enormous, and the majority of it is wasted or ends up in the compost. Since it has been discovered that apple peels contain high concentrations of phenolic compounds that are useful for the treatment of chronic diseases, applesauce and many more businesses have begun to reuse it as a means of resolving this issue. Apple peels have a bad reputation, and dried peels that have been ground into a powder can be eaten. Thus, a key trend that is opening up potential for the industry to grow is the dry apple peels. These new developments are mostly to blame for the market's overall growth.

Dried Apple Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Green Dried Apples & Red Dried Apples.

• By Application

Based on the market is categorized into Direct Consumption, Candy and Snacks & Others.

DRIVING FACTORS

"Pharmaceutical Industries that Give the Market Extra Boost"

The main factors driving the market's expansion are the growing use of dried apple as a dietary supplement in the food, beverage, nutraceutical, and pharmaceutical industries. Additionally, it is anticipated that there will be a rise in the demand for organic and natural nutraceutical supplement products. Additionally, over the course of the forecast period, the market is likely to experience growth due to the rising demand for anti-aging supplements and dermatological health enhancers. Additionally, the booming healthcare sector across all regions of the world is probably going to have a real effect on how well the product works. The growing popularity of nutritional supplements and the direct use of dry apples as dietary supplement powder are likely to open up new opportunities that will boost demand across the board. As a result, the growth, and the use of product in pharmaceutical and food industry will boost the market. It will contribute to the expansion of the food and beverages industry and it will improve the overall dried apple market growth.

"Importance of Fitness to Encourage Market Expansion"

Demand for dry apple is anticipated to rise as a result of their numerous uses in the nutraceutical, fitness, and pharmaceutical industries. The market will probably grow due to the expanding nutritional products industry and fitness industry. The market for dry apples is expanding favorably as a result of recent advances in bioceuticals. Due to the need for anti-aging products and the high antioxidant properties of dry apples, demand is anticipated to increase. The demand for and expansion of the entire market are also anticipated to be boosted by the rising consumption of products for arthritis and joint pain. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Calories in the Product to Impede Market Expansion"

Dried fruit is one of the things preventing the market from expanding. They contain a lot of calories and natural sugar. Dried fruit contains all the sugar and calories in a much smaller package because the water has been removed, which is hurting the market. Dried fruit will cause issues for many consumers because it is very high in calories and sugar, including both glucose and fructose. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

Dried Apple Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for dried apple in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the dried apple market share is the growing demand of product in Direct Consumption, Candy and Snacks sector is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

•     WEL-B (U.S.)
•     Brothers All Natural (U.S.)
•     Green Organic (U.S.)
•     Thrive Life (U.S.)
•    Made In Nature (U.S.)

REPORT COVERAGE

The research goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost dried apple market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.