[FURL=https://www.industryarc.com/Report/17809/dried-longan-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Dried Longan Market[/FURL] size is estimated to reach $900 million by 2026, growing at a CAGR of 9.1% during the forecast period 2021-2026. Longan is a fruit tree that grows in clusters on trees and produces edible fruit. Dried Longans are increasingly being adopted among consumers across the world owing to the growing awareness about the benefits of dried longan, such as reducing fatigue, enhancing sleep quality, and treating snake bites.Key Takeaways
Geographically, the North America Dried Longan Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for dried longans that are isolated from starch.
The increase in the adoption of baked dried fruits in developed nations is driving the Baked Dried segment. However, the high cost of dried longan is one of the major factors that is said to reduce the growth of the Dried Longan Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Dried Longan Market report.
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Dried Longan Market Segment Analysis-By Geography
The Dried Longan Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 32% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of whole fruits in developed nations and the increase in product launches by the key players. The rise in the demand for dried longans that are isolated from starch is driving the growth of the Dried Longan Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for dried longans in herbal medicine owing to their antioxidant properties, and the growing investment by the key players to develop freeze dried longans.
Dried Longan Market Drivers
Rise in the Adoption of Dried Longan in Herbal Medicines
Increase in the Demand for Dried Longan in Whole Fruit Form
Dried Longan Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Dried Longan Market. Key companies of this market are Urban Platter, Arimex, Green Organic, Sunbeam Foods, Chew Green, Nature's Sensation, Phootawan, Olam International, Thai Ao Chi Fruits Co., Ltd., and Sun-Maid among others.
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