PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223377
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1223377
Global Fruit Snacks Market Overview
According to SPER Market Research, the Global Fruit Snacks Market is estimated to reach USD 17.24 billion by 2032 with a CAGR of 10.23%.
Fruit snacks are snacks that have fruit juice or pulp from fruits like apples, mangos, bananas, pineapples, and berries as a main ingredient. The ingredients used in the processing and production of the snacks include corn syrup, sugar, fruit concentrate, water, gelatin , and a variety of natural and artificial flavours. Fruit sandwiches, smoothies, chunks of fruit, dips, popsicles, drinkable jams, flavoured gummies, and jelly strips are a few of the popular fruit snacks. Additionally, they are enriched with extra vitamins, minerals, and other components necessary for a healthy diet. They offer better storage convenience, a longer shelf life, and more nutritional value than conventional gelatin - based snacks. One of the primary elements driving a positive outlook for the market is the food and beverage industry's rapid expansion, along with consumers' growing desire for ready-to-eat (RTE) snacks and convenience food products. The public's growing awareness of health issues is another factor promoting market expansion. Fruit snacks help to reduce the risks of acquiring diabetes, high blood pressure, cardiovascular diseases (CVDs), and disorders associated to obesity. In keeping with this, the rising demand for nutrient-rich processed foods as well as functional foods and drinks is also fueling the market's expansion. The introduction of fruit snacks with exotic tropical fruit flavours made with organic and non-genetically modified (GMO) components is one example of a product innovation that is working as a growth-promoting element. To reach a larger consumer base, product producers are combining strong promotional efforts through online retail channels with appealing packaging. Additional factors, such as increased consumer spending power and significant research and development (R&D) efforts, are predicted to fuel the industry even further.
Impact of COVID-19 on the Global Fruit Snacks Market
The infestation of COVID-19 has resulted in a drop in product consumption, which can be attributed to the government's system to improve the quality to maintain social disconnection, confinement, and store number of occupants. One of the biggest industries suffering from supply chain interruptions and manufacturing delays as a result of lockdowns and workplace closures is the global food and beverage sector. China is the world's manufacturing hub and the biggest provider of raw materials to numerous sectors. The closure of several factories and plants in Asia Pacific and Europe has a negative impact on global supply networks, production and delivery schedules, and product sales. The growth of the market for fruit snacks is also hampered by these concerns.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Product Type, By Nature, By Fruit Family, By Distribution Channel.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Blue Diamond Growers, Cargill, Conagra Brands, Danone, Eat Natural, Freeland Foods, General Mills Inc., Green Park Brands, Greenleaf Foods SPC, Hilary's - Drink Eat Well, Incorporated, LLC, LOUISVILLE VEGAN JERKY COMPANY, Maple Leaf Foods, Nestle.
Global Fruit Snacks Market Segmentation:
By Product: Based on the Product Type, Global Fruit Snacks Market is segmented as; (Beverages, Dairy Products, Smoothies, Sweet & Savoury)
By Nature: Based on the Nature, Global Fruit Snacks Market is segmented as; (Organic, Conventional)
By Fruit Family: Based on the Fruit family, Global Fruit Snacks Market is segmented as; (Apple, Mango, Pineapple, Banana, Berry, Mixed, Others)
By Distribution Channel: Based on the Distribution Channel, Global Fruit Snacks Market is segmented as; (Supermarkets, Convenience Stores, General Stores, Online, Others)
By Region: According to the aforementioned fruit family, country, application, distribution channel, and market size information and trends are supplied for the fruit snacks market. The United States, Canada, and Mexico are included in the fruit snack market report as are Germany, Sweden, Poland, Denmark, Italy, the Netherlands, Belgium, Switzerland, Turkey, Russia, the rest of Europe, New Zealand, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines in Europe.