AIR DRIED VEGETABLES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2024, NRGene Technologies Ltd. proudly announced the launch of Supree (Supree-Zanim), its newly established FoodTech subsidiary. Supree focuses on developing innovative fruit and vegetable varieties that possess the unique ability to naturally self-dry on the vine, preserving their nutritional value and flavor. This groundbreaking advancement in agricultural technology aims to revolutionize the way fruits and vegetables are cultivated and consumed.
• In 2021, Nim's, a well-known brand in the healthy snack industry, expanded its product line by launching an innovative range of air-dried fruits and vegetables. This move was part of a broader trend towards healthier snacking options and aimed to cater to health-conscious consumers looking for nutritious alternatives to traditional snacks.
• In 2021, Olam Food Ingredients, a division of Singapore-based Olam International, announced a significant strategic acquisition of Olde Thompson, a prominent spice manufacturing company based in California, U.S. This acquisition, valued at approximately US$ 950 million, marks a pivotal move for Olam in expanding its footprint in the global spice and seasoning market.
• In 2020, Universal Corporation, a prominent player in the leaf tobacco industry based in Illinois, announced the successful acquisition of Silva International, a well-established fruit and vegetable processing firm located in the U.S. This acquisition, valued at US$ 170 million in an all-cash transaction, marks a significant strategic move for Universal Corporation as it diversifies its business operations.