Diwali is round the corner. Apart from the atishbazi people distribute dry fruits to their near
and dear ones. Corporates distribute dry fruits as a gesture of appreciation and as a tool to
maintain client relations healthy and relevant.
In the early 80’s and 90’s dry fruits consumption and distribution was limited to the higher
income group families and was largely used by businesses as an appreciative gesture. The
production of dry fruits was not on a very large scale.
Global dry fruit production has grown by 22% from 2.4 million Tonnes in 2011 to 2.9 million
tons in 2021. India has a potential market for fruit output pegged at Rs. 20,000 crores.
It is geared up to reach a market value of Rs. 2100 crore in 2026 from the present Rs.1000 crore with a CAGR of 16%. India’s volume production in 2021 is estimated to be 1.0 million metrics Tonnes with a potential to grow by 20% per annum.
The Way Ahead
India’s imports especially for almonds accounted for USD 600 million in 2018.
A total of 37 countries exports dry fruits to India. The total import amount stood at USD 8.9 million. It is a very positive scenario and the major reason associated with the booming demand is the Indian consumers.
Per capita consumption of dry fruits in India is slated to mount to 1.2 kg per annum from 150 grammes per annum in 2020.
Growth: Going forward the dry fruit business will grow handsomely. Large availability of dry fruits through wholesalers and massive Indian distribution channel are the key factors of growth. The Indian demographic has largely become health conscious and the dry fruit has occupied an important space.
Enlightening
Eagle insight Jayant !!
Very Good article !!!
The same goes for the Huge Gold surge . With Inflation at 7% all seems inflated
Very Informative article