23-Apr-2020 | Facts and Factors
Findings from Facts and Factors report “Fruit Snacks Market By Type (Sweets & Savory, Beverages, Dairy, and Others), By Fruit Family (Apple, Mango, Banana, Pineapple, Berry, and Mixed), By Distribution Channel (Mainstream Stores, Specialist Stores, and Online Retailers), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Fruit Snacks market in 2019 was approximately USD 5.25 Billion. The market is expected to grow at a CAGR of 8.5% and is anticipated to reach around USD 7.4 Billion by 2026.
Fruit snacks are similar to gummy candies in terms of sweetness. However, the fruit snacks contain refine sugar processed from fruits. These are most preferred option among the parents to offer their children at times of snacking.
Browse the full “Fruit Snacks Market By Type (Sweets & Savory, Beverages, Dairy, and Others), By Fruit Family (Apple, Mango, Banana, Pineapple, Berry, and Mixed), By Distribution Channel (Mainstream Stores, Specialist Stores, and Online Retailers), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-fruit-snacks-market-by-type-sweets-savory-1016
Market Drivers:
The growing preference for healthy snacks among the consumers is likely to help boost the growth of the global Fruit Snacks market. Additionally, the convenient on-the-go snacking habits coupled with the changing eating habits and rapid urbanization is anticipated to propel the market growth during the forecast period. The idea of snacking to substitute meals will further expand the industry. The fruit snacks contain minerals, vitamins, fibers, and various other nutrients that can help lower health risks such as heart diseases, obesity, and high blood pressure. Moreover the hectic lifestyle has led to more concerns over health, thereby changing the eating behavior and accelerating the expansion of the global Fruit Snacks market. The high demand for nutrient rich beverages, foods, and processed foods will accentuate the fruit snacks industry. Most importantly the growing younger and geriatric population, rising consumer spending power on food and health, and high disposable income surges the adoption of fruit snacks across the world. Apart from this, the online availability of fruit snacks and their health benefits along with the stringent government norms concerned with labelling & nutrient intake escalates the sales of healthy snacking choices which, in turn, will fuel the market growth. Additionally, the technological advancement in the manufacturing and packaging sector will help avoid GMO or unsafe synthetic ingredients and introduce healthy products to attract consumers to support business growth. However, the expense of fruit snacks and quality concerns regarding strict regulatory standards may hinder the global Fruit Snacks market growth.
Market Segment Dominance:
·Sweet and savory category exhibits significant growth rate
Sweet and savory category is expected to show tremendous growth during the forecast period. The growth is basically due to the urbanization, hectic lifestyle, inclination of children or youth toward attractive products like gummies, jellies, etc. The easy storage and longer shelf life coupled with the high nutritional value is expected to boost the growth of the global Fruit Snacks market.
·Mixed fruit snacks category will exhibit significant growth during the forecast period
Mixed fruit snacks market is expected to grow at a faster rate owing to the high demand for snacks or refreshments incorporated with fruit pulp such as tropical flavored food items. Additionally, the high consumption of fresh or processed snacks such as puddings, smoothies, juices, etc. owing to the presence of mixed fruits and different flavors will further expand the demand for mixed fruit snacks.
·Mainstream stores is expected to lead the market share in the Fruit Snacks market
Mainstream stores holds the majority of the market share in the global Fruit Snacks market. The dominance of this category is owing to the growing number of supermarkets and hypermarkets across the world that supports mainstream distribution channel. Furthermore, the rapid urbanization, growing population, economic growth, and presence of major players will support the expansion of the Fruit Snacks market.
Regional Dominance:
North America dominates the global Fruit Snacks market
North America accounts the major share in the global Fruit Snacks market. The growing preference of consumers toward processed foods or ready-to-eat products with high nutrient value will fuel the growth of the market in the coming years. In addition to this, the habit of constant healthy snacking among the consumers will increase the penetration of fruit snacks in this region. The superior cold chains, technological advancements, and distribution channel will accelerate the global Fruit Snacks market expansion.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 5.25 Billion |
Projected Market Size in 2026 |
USD 7.4 Billion |
CAGR Growth Rate |
8.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Sunkist Growers, Whitewave Services, General Mills, Kellogg, SunOpta, Bare Foods, Crunchies Natural Food, Nutty Godness, Crispy Green, Flaper, Welch's, Mount Franklin Foods, Paradise, Tropical Foods, and others. |
Key Segment |
By Type, By Fruit Family, By Distribution Channel, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Key Market Players:
Some of the key players in the global Fruit Snack market include Sunkist Growers, Whitewave Services, General Mills, Kellogg, SunOpta, Bare Foods, Crunchies Natural Food, Nutty Godness, Crispy Green, Flaper, Welch's, Mount Franklin Foods, Paradise, and Tropical Foods.
This report segments the global Fruit Snacks market as follows:
Global Fruit Snacks Market: Type Segmentation Analysis
-
Freeze Dried
-
Extruded Strips
-
Others
Global Fruit Snacks Market: Fruit Family Segmentation Analysis
-
Apple
-
Mango
-
Banana
-
Pineapple
-
Berry
-
Mixed
Global Fruit Snacks Market: Distribution Channel Segmentation Analysis
-
Mainstream Stores
-
Specialist Stores
-
Online Retailers
Global Fruit Snacks Market: Regional Segmentation Analysis
-
North America
-
Europe
-
Germany
-
The UK
-
France
-
Spain
-
Italy
-
Rest of Europe
-
Asia Pacific
-
China
-
Japan
-
India
-
South Korea
-
Southeast Asia
-
Rest of Asia Pacific
-
Latin America
-
Brazil
-
Mexico
-
Rest of Latin America
-
Middle East & Africa
Rest of Middle East & Africa
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450
Email: [email protected]
Web: https://www.fnfresearch.com
