Australia & New Zealand Dried Fruits MARKET By Application
| Label | Asia Pacific | China | India | Japan | Rest of Asia Pacific | Australia and New Zealand |
|---|---|---|---|---|---|---|
| 2016 | 36.9901 USD Bn | 12.59512905 USD Bn | 4.71623775 USD Bn | 6.30681205 USD Bn | 7.71243585 USD Bn | 5.6594853 USD Bn |
| 2017 | 39.38811534 USD Bn | 13.37226516 USD Bn | 5.041678764 USD Bn | 6.7274901 USD Bn | 8.212422048 USD Bn | 6.03425927 USD Bn |
| 2018 | 42.05401827 USD Bn | 14.23528518 USD Bn | 5.399735946 USD Bn | 7.195442526 USD Bn | 8.772468211 USD Bn | 6.451086402 USD Bn |
| 2019 | 44.95000903 USD Bn | 15.17062805 USD Bn | 5.789561164 USD Bn | 7.704431548 USD Bn | 9.381066885 USD Bn | 6.904321388 USD Bn |
| 2020 | 48.16201652 USD Bn | 16.22096717 USD Bn | 6.222532535 USD Bn | 8.27905064 USD Bn | 10.03214804 USD Bn | 7.407318141 USD Bn |
| 2021 | 51.65844407 USD Bn | 17.34690552 USD Bn | 6.70526604 USD Bn | 8.900749913 USD Bn | 10.75528806 USD Bn | 7.950234542 USD Bn |
| 2022 | 55.56087904 USD Bn | 18.59622621 USD Bn | 7.250694715 USD Bn | 9.59536381 USD Bn | 11.56221893 USD Bn | 8.556375372 USD Bn |
| 2023 | 59.79320103 USD Bn | 19.96494983 USD Bn | 7.814971375 USD Bn | 10.35618242 USD Bn | 12.43698582 USD Bn | 9.220111599 USD Bn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2017 in the Asia Pacific functional beverages market, and is expected to reach USD 19.96 Billion in 2023 from USD 13.37 Billion in 2017. However, India is the fastest growing market, which is expected to grow at a CAGR of 7.67% during the forecast period 2018 - 2023. sports beverages segment accounted for the largest market share in 2017, this market is expected to reach USD 16.42 Billion in 2023 from USD 10.71 Billion in 2017. This market is projected to grow at a CAGR of 7.46% during the forecast period from 2018 - 2023. However, functional fruit and vegetable juices segment is the fastest growing market, which is expected to grow at a CAGR of 7.85% during the forecast period 2018 - 2023. store based segment accounted for the larger market share in 2017, this market is expected to reach USD 51.21 Billion in 2023 from USD 33.89 Billion in 2017. This market is projected to grow at a CAGR of 7.21% during the forecast period from 2018 - 2023.
However, non store based segment is the fastest growing market, which is expected to grow at a CAGR of 7.82% during the forecast period 2018 - 2023. health and wellness segment accounted for the largest market share in 2017, this market is expected to reach USD 22.25 Billion in 2023 from USD 14.91 Billion in 2017. This market is projected to grow at a CAGR of 6.99% during the forecast period from 2018 - 2023. However, energy and rejuvenation segment is the fastest growing market, which is expected to grow at a CAGR of 7.72% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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