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Fruit Snacks Market to Observe Prominent Growth of USD 13.95 billion at a CAGR of 10.00% by 2029, Size, Share, Trends, Demand, Growth Forecast, Segmentation and Revenue Outlook
The noteworthy Fruit Snacks Market research report presents a telescopic view of the current market trends, developing goods, conditions, and prospects. It is a confirmed and consistent source of information. This information is really important for propelling corporate development. The report includes specific and current data regarding the needs, preferences, and varying tastes of consumers with regard to a given product. General market circumstances, the market's growth scenario, potential barriers, significant industry trends, market size, market share, sales volume, and future trends are all conservatively estimated in the Fruit Snacks Market Report.Explore Further Details about This Research Fruit Snacks Market Report https://www.databridgemarketresearch.com/reports/global-fruit-snacks-market
A rise in demand for fiber-rich food products and an increasing requirement for important vitamins and minerals are anticipated to propel the market growth in the food aisles. Now, consumers continue to seek healthier substitutes. The growing trend of a good diet is serving to shape the snack market by introducing healthy product. Moreover, new healthy fruit snack products are being introduced to fulfill the augmented requirement for on-the-go nourishment. Furthermore, the fruit snacks market has developed, leading to a rise in demand for functional foods such as organic, micronutrient, plant-based, proteins, and fiber-rich for weight management, improving digestive health and lowering the risk of cardiovascular illnesses and obesity.
Data Bridge Market Research analyses that the fruit snacks market is expected to reach USD 13.95 billion by 2030, which is USD 6.51 billion in 2022, registering a CAGR of 10.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Market Definition
Fruit snacks are refreshment food products that contain fruit juice or pulp of pineapple, apple, mango, banana and berries as a major ingredient. These snacks are manufactured and processed by using gelatin, corn syrup, sugar, fruit concentrate, water and numerous artificial and natural flavors. Some of the normally available fruit snacks include popsicles, fruit sandwiches, drinkable jellies, smoothies, fruit chunks, dips, jelly strips.
Drivers
Increasing demand of low calorie fruit snacks
Increasing cases of obesity and many others disease, which is also associated with obesity all over the globe is anticipated to increase the demand for the low calorie fruit snacks and drive the growth of the fruit snacks market. As per the estimates of World Health Organization, more than 1.9 billion adults were overweight of these over 650 million were obese in 2016. Furthermore, around 38 million children under the age of 5 year were obese or overweight in 2019 globally. Thus, increasing cases of obesity is a major factor augmenting the global market growth over the forecast period.
Increasing emergence of online retailers
The online retail platform has developed as an extremely convenient marketplace with the stromg presence of an extensive range of fruit snacks products. The major factor for the increasing sales of the fruit snacks is the growing convenience of the customers to compare, choose and buy their favored brands from the extensive spectrum of flavors available on the internet. Online retailers are dynamically focusing on the improvement of purchasing processes to deal with increasing demand for healthy snacks such as fruit snacks. This is in turn expected to drive the growth of the industry.
Recent development
In 2022, Naturipe Farms, Sunkist Growers and T&G Global's Envy Apple launched a new "Fruitastic" promotion for WildBrain's new animated Strawberry Shortcake series Berry in the Big City, which augmented the shopper's basket expend by over 50%
In 2022, Kellogg's has introduced a new, limited-time "Pringles Wavy Chipotle Ranch" which will be both spicy and sweet. The introduction of this variant is driving the innovation of product and thus, improving sales
Global Fruit Snacks Market Scope
The fruit snacks market is segmented on the basis of application, distribution channel and fruit family. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
Beverages
Dairy
Sweets
Savory
Others
Distribution Channel
Supermarkets
Convenience Stores
General Stores
Online
Others
Fruit Family
Apple
Mango
Pineapple
Banana
Berry
Mixed
Others
Some of the major players operating in the fruit snacks market are:
General Mills Inc. (U.S.)
Conagra Brands, Inc. (U.S.)
Cargill, Incorporated (U.S.)
Eat Natural (U.K.)
Maple Leaf Foods (Canada)
Quorn (U.K.)
Oumph! (U.K.)
Upton's Natural (U.S.)
Hilary's - Drink Eat Well, LLC (U.S.)
ZELLE ORGANIC (U.S.)
Siren Snacks (U.S.)
Green Park Brands (U.K.)
PRIMAL SPIRIT FOODS INC. (U.S.)
LOUISVILLE VEGAN JERKY COMPANY (U.S.)
Nestle S.A. (Switzerland)
Unilever (U.K.)
Outstanding Foods, Inc. (U.S.)
Vegan Rob's (U.S.)
Blue Diamond Growers (U.S.)
Nutrifusion L.L.C (U.S.)
Freeland Foods (U.S.)
Greenleaf Foods SPC (U.S.)
Danone S.A. (Switzerland)
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