Press release
Fruit Snacks Market Is Estimated To Grow At A Positive CAGR of 8.5% Over 2027
The global fruit snacks market is estimated to grow at a positive CAGR of over 8.5% during the forecast period (2019-2027) and reach a valuation of over US$ 9 Bn. Fruit snacks have been largely considered a traditional segment, but over the last decade in particular, converging trends have given rise to an explosion in newer forms and variants of 'fruit snacks'.The growth of the fruit snacks market is driven by increased product innovations across the global snacking industry offering exclusive taste and focused on health amendments. The rising demand for essential vitamins and minerals to boost immunity along with improved demand for fiber-enriched products will propel the fruits snacks market to greater heights.
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Key Takeaways:
• Based on distribution channel, the online stores or e-commerce segment is anticipated to exhibit a CAGR of 12% in the evaluation period.
• By product type, the sweets and savories segment is projected to account for more than 37% of the global fruit snacks market share by 2027.
• In North America, the U.S. is estimated to remain at the forefront by generating the largest fruit snacks market share in the next decade.
• Based on distribution channel, the online stores and convenience stores are expected to gain traction over the upcoming decade.
• In terms of nature, the natural segment is likely to dominate the global fruit snacks market with increasing concerns regarding obesity and diabetes.
Growth Drivers:
• Rising demand for dairy products free of sugar and additives is expected to boost the need for fruit snacks.
• Growing demand for sweet and savory fruit snacks among kids aged 3 to 7 years is anticipated to fuel the market.
• Shifting tastes & preferences, easy access to exotic fruits, greater production, and supportive trade policies are expected to drive the market.
Restraints:
• Fruits have a short shelf life and can easily get rotten, which makes it difficult for manufacturers to process them to make their snacking products.
• Growing awareness about the harmful effects of processed food consumption may impede the market.
To learn more about Fruit Snacks Market, you can get in touch with our Analyst
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Key Companies Profiled by Fact.MR
The Whitewave Foods Company
Mount Franklin Foods LLC
Flaper S.A.
Crispy Green
Crunchies Food Company
Sunkist Growers
Kellogg Co
SunOpta
Global fruit snacks Market: In-Depth Assessment on Key Segments
The global fruit snacks market is segmented on the basis of nature, product type, distribution channel and region.
By Nature :
Organic
Conventional
By Product Type :
Sweets & Savories
Freeze Dried
Extruded Strips
Others
Dairy Products
Beverages
By Distribution Channel :
Modern Trade
Specialty Stores
Convenience Stores
Online Stores
Departmental Stores / Mom & Pop Stores
Drug Stores & Pharmacies
Travel Retails
By Region :
North America
Latin America
Europe
APAC
MEA
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Questionnaire answered in the Fruit Snacks Market report include:
How the market for Fruit Snacks has grown?
What is the present and future outlook of the global Fruit Snacks on the basis of region?
What are the challenges and opportunities for the Fruit Snacks?
Why the consumption of Fruit Snacks highest in region?
In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Fruit Snacks market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Fruit Snacks market, thus, making it different and special from other reports.
Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Fruit Snacks market and assists to create strategies to overcome the obstacles that may hinder the growth of the Fruit Snacks market.
Leverage: The Fruit Snacks market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Fruit Snacks market.
Explore Fact.MR's More Insights on the Food & Beverage Domain
https://www.prnewswire.com/news-releases/probiotic-soda-market-to-grow-two-fold-as-on-the-go-consumption-trend-gains-impetus-301590969.html
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