Fruit Snacks Market Value to Hit US$ 9,174.86 Million by 2027

The fruit snacks market was valued at US$ 5,057.87 million in 2019 and is projected to reach US$ 9,174.86 million by 2027; it is expected to grow at a CAGR of 7.8% during the forecast period.

Latest Research Report on Fruit Snacks Market' 2021 Global Industry includes detailed analysis of market. The Report presents market the size, share, trends, growth, strategies, drivers and challenges associated with this new Research consider, and additionally the Report gives a far-reaching investigation of Dairy Starter Culture and SWOT analysis. Further, this Report presents Dairy Starter Culture market rivalry situation a few of the vendors and company profile, aside from, marketplace price evaluation and value chain features are covered in this Report.

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The List of Companies - Fruit Snacks Market

• Bare Snacks
• Crispy Green Inc.
• General Mills Inc.
• Ferrero
• Mount Franklin Foods, LLC
• Nutty Goodness, LLC
• Seneca Foods
• Sunkist Growers, Inc.
• SunOpta
• Welch’s

Fruit snacks are processed and sugary confectioneries, especially made for children. Surging demand for fruit snacks is attributed to the rise in purchasing power and growing consumer preference toward healthy and ready-to-eat convenience food items. Further, with the growing food & beverages industry and improving economic conditions, consumer inclination toward convenience foods is also increasing. Consumers prefer fresh and less processed ready-to-eat products that are equally healthy and nutritious. With the expansion of distribution channels, convenience foods have found a shelf in the supermarkets and retail outlets. Additionally, the change in working demographics and busy lifestyles are among the other factors promoting the demand for convenience food items. Besides, major companies are coming up with the improved quality of fruit snacks and approaching efficient distribution channels to serve the broader customer base.

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of December 2020, the US, India, Brazil, Russia, France, the UK, Italy, Spain, Argentina, Colombia, Germany, and Mexico are among the worst-affected countries by this pandemic. According to the WHO, there are ~72,851,747 affirmed cases and 1,643,339 death cases all around. COVID-19 has affected economies and undertakings due to lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major businesses enduring supply chain breaks, and manufacturing disruptions due to lockdown and office shutdowns. China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories in Asia Pacific and Europe is affecting the global supply chains as well as limiting the manufacturing and delivery schedules, and product sales. These factors also hinder the global fruit snacks market growth.

North America is expected to hold the largest share of the global fruit snacks market during the forecast period. Several domestic and international companies have a strong foothold in the North American region. Key market players in the North America fruit snacks market include Bare Snacks, Crispy Green Inc., and Mount Franklin Foods LLC. These companies are constantly working toward innovation and new product developments of fruit snacks to bring improved tastes and quality in their products to attract new consumers and widen the consumer base in the region. An upsurge in the incidence of obesity, high blood pressure, and diabetes has made the people more reliant on products that are highly nutritious. Fruits contain vital nutrients such as magnesium, potassium, vitamins, and fibers that help in the reduction of risks associated with obesity and cardiovascular diseases.

Fruit Snacks Market, byType

• Sweets and Savoury
• Beverages
• Dairy
• Others

Fruit Snacks Market, by Fruit Family

• Apple
• Mango
• Banana
• Pineapple
• Berry
• Mixed
• Others

Fruit Snacks Market, by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Retailing
• Others

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Report Spotlights
• Progressive industry trends in the global fruit snacks market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global fruit snacks market from 2017 to 2027
• Estimation of global fruit snacks demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario and global fruit snacks demand
• Market trends and outlook, and factors driving and restraining the growth of the global fruit snacks market
• Understanding of strategies that underpin commercial interest with regard to the market growth
• Global fruit snacks market size at various nodes of market
• Detailed overview and segmentation of the market, as well as its industry dynamics
• Global fruit snacks market size in various regions with promising growth opportunities in the respective regions

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