According to the latest report by IMARC Group, titled “Fruit Snacks Market Trends: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ the global fruit snacks market grew at a CAGR of around 6% during 2015-2020 and expects the market to exhibit moderate growth during the next five years.
Fruit snacks refer to the refreshment products containing fruit juice or pulp of apple, mango, pineapple, banana, and berries as an essential ingredient. The snacks are usually processed and prepared using corn syrup, fruit concentrate, sugar, water, gelatin, and numerous natural and artificial flavors. Smoothies, fruit chunks, dips, popsicles, fruit sandwiches, flavored gummies, drinkable jellies, jelly strips, etc., are some of the commonly available fruit snacks.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Fruit Snacks Market Trends:
A significant rise in the food and beverage industry, along with the increasing consumer inclination towards ready-to-eat snacks and convenience food products, is primarily driving the market for fruit snacks. Moreover, the growing consumer health consciousness as fruit snacks help in minimizing the risks of cardiovascular diseases, controlling high blood pressure, reducing weight-related disorders, etc., is also propelling the market growth. Additionally, several product innovations, such as the advent of fruit snacks in exotic tropical fruit flavors produced by using non-genetically modified and organic ingredients, are further augmenting the global market. Besides this, various key players are incorporating attractive packaging with aggressive promotional activities via online retail channels to reach a larger consumer base, which is expected to drive the market for fruit snacks in the coming years.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Fruit Snacks Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Bare Foods Co. (PepsiCo Inc), Brothers International Food Corporation, Chaucer Foods Ltd. (Pilgrim Food Group PLC), Crispy Green Inc., General Mills Inc., Kellogg Company, Nutty Goodness LLC, Sunkist Growers Incorporated, SunOpta Inc, The Hershey Company and Welch Foods Inc.
The report has segmented the market on the basis on region, product type, fruit type and distribution channel.
Breakup by Product Type:
- Sweet and Savory Chips
- Fresh Cuts and Slices
- Candies and Bars
Breakup by Fruit Type:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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