Packaged Fruit Snacks Market Demand & Research Report by 2022

According to Precision Business Insights (PBI), the latest report, The global packaged fruit snacks market size was valued at USD x billion in 2021 and is poised to grow at a significant CAGR of 10.3% during the forecast period 2022-28. The primary factors that drive the market are the changing patterns of food consumption.

Supermarkets And Hypermarkets to Dominate the Packaged Fruit Snacks Market
Based on distribution channel type, supermarkets and hypermarkets holds the highest market share. The major factor for the rise of this segment is the accessibility of an extensive product range and special offers and discounts, which have involved consumers in purchasing from this distribution channel. Moreover, enhanced facilities of these stores, such as Click and Collect benefits and home delivery, have contributed to driving the global packaged fruit snacks market growth.

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Asia Pacific Packaged Fruit Snacks Market
Asia Pacific region is expected to grow significantly in the global packaged fruit snacks market share over the forecast period. The Asia Pacific region is expanding as China produces a maximum number of fruits, such as citrus fruits, apples, pears, bananas, grapes, and others, and contributes an enhanced supply of raw materials for producing packaged fruit snacks. The technological advancement that these regions have to provide to the producers is state-of-the-art in terms of efficacy and also price.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
The global packaged fruit snacks market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

In February 2022, Packaged goods company Dabur India extended its Real juices and fruit drinks brand into the snacking category to enter into the packaged foods and beverages market.

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The packaged fruit snacks market is segmented based on type, form, application, distribution channel, and region.
Based on the type
• Organic
• Conventional
Based on the form
• Dry
• Refrigerated
• Pulp
Based on the application type
• Confectionery
• Cereals
• Fruit Bites
• Bakery
• Others
Based on the distribution channel
• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retailers
• Others
Based on the region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key players' profiles in the Packaged Fruit Snacks market report are Hormel Foods Corporation, Welch Foods Inc., Kellogg Company, YummyEarth Inc., Ferrara Candy Company, Rhythm Foods, Nurture Inc., Mott's LLP, General Mills, and PT Organics Ltd.

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This release was published on openPR.