Worldwide fruit snacks market request is expected to be esteemed at US$ 5,456 Million out of 2022, conjecture a CAGR of 7.4% to be esteemed at US$ 11,120 Million from 2022 to 2032. Development is ascribed to the rising interest for fundamental nutrients and minerals to support invulnerability alongside further developed interest for fiber-advanced items. From 2016-2021 a CAGR of 5.5% was enlisted for the fruit snacks market.
Fruit snacks are snacks made from processed fruits in the food and beverage sector. Fruit snacks include smoothies, fruit chunks, applesauce dip, fruit salad, popsicles, and fruit sandwiches, among many others. These foods are high in vitamins and minerals such as potassium, magnesium, vitamin A, and others that are beneficial to human health. Fruit snacks have been linked to a lower risk of cardiovascular disease, high blood pressure, and weight-related disorders such as obesity and diabetes.
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Increasing consumer desire for healthy food products, as well as rising disposable income in emerging nations, are important drivers driving the worldwide fruit snacks market’s expansion, which is likely to continue over the forecast period. Furthermore, the increased knowledge of the health benefits connected with fruits is expected to aid market expansion.
Consumers’ increasing need for convenience food items as a result of their busy lifestyles and incapacity to cook is a powerful force driving the industry’s expansion. Fruit snacks are widely sold in retail outlets around the world. As a result, the market is expected to grow at a double-digit CAGR throughout the forecast period.
Fruit Snacks Market Growth Driven by Consumers’ Growing Demand for Healthy Food Products
Fruits are natural items derived from plants that are suitable for human consumption. Berries, citrus, apples and pears, melons, tropical and exotic, stone fruits, and many other varieties are available. Fruits have numerous health benefits when ingested fresh or cooked, such as in fruit sandwiches and fruit salad. For example, oranges are high in vitamin C, which is necessary for tissue repair and development.
It also helps in the maintenance of cartilages and the healing of wounds. Health benefits like these are what is driving consumers toward the consumption of fruit snacks and this will create a surge in demand for these food products in the global market. The global fruit snack market is expected to witness a tremendous growth over the forecast period due to this.
The growing awareness of the adverse effect of consuming artificial or synthetic products is another major factor triggering the growth of the fruits snack market. Consumers are conscious of the quality of food items they consume, so they are ready to spend on natural food products since they are of high quality compared to artificial food products.
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Increasing Disposable Income
Emerging economies such as China, India and Japan are expected to facilitate the growth of the global fruit snacks market due to the rising disposable income of consumers in these countries. The per capita consumption of fruit snacks is growing tremendously in the Asia Pacific since the population within the region is high.
Fruit Snacks Market Restraints
The growth of the global fruit snacks market is going to be hampered by the rising consumers’ perception regarding the harmful effect of consuming processed food items.
Fruit Snacks Market: Region-wise Analysis
North America is expected to dominate the global fruit snacks market in terms of total revenue followed by Europe during the forecast period. The United States is the most dominant country within North America after contributing the largest share of revenue to the regions total revenue. However, the Asia Pacific is slated to be the fastest growing market for fruit snack due to the rising disposable income of individuals in developing countries like China and India.
Fruit Snacks Market: Competitive Landscape
- Welch Foods Inc.
- General Mills Inc.
- SunOpta
- Kellogg Co.
- Sunkist Growers, Inc.
- Crunchies Food Company.
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Fruit Snacks Market Segment Analysis
The global fruit snacks market can be segmented on the following basis:
By Application
- Beverages
- Dairy
- Sweet and Savory
- Others
By Distribution Channel
- Supermarket/Hypermarkets
- Convenience Stores
- Online Retailing
- Specialist Retailers
- Others
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