Fruit Snacks Market

Fruit Snacks Market is anticipated to reach at USD 9,182 Million by 2027 at a CAGR of 8.2% during the forecast period.

Fruit Snacks Market Overview

Fruit snacks refer to processed and enriched sugary foods, especially made for children. These snacks are similar to the gummy candies and come in various delicious flavors such as strawberry, white grape, raspberry, orange, and many more. The main ingredient in these snacks is refined sugar, which is extracted from white grape juice and apple juice. This snack is gaining popularity among children due to its candy-like taste and easy availability feature.

To have an edge over the competition by knowing the market dynamics and current trends of “Fruit Snacks Market,” request for Sample Report here

Major Fruit Snacks Market Drivers

The major factors contributing to the growth of the Global Fruit Snacks Market over the forecast period include the fundamental shift in the consumer’s preference towards nutritional diet patterns coupled with the growing demand for food snacks in the food processing industry. With the growing health consciousness among consumers, there has a drastic incline in demand for snacks rich with fruit content. Various multinational giants are mainly focusing on developing attractive marketing strategies for these products, such as introducing famous actors or sports person as a brand ambassador in the advertisements. All these innovative marketing strategies will further strengthen the growth of the market.

The rising disposable income, especially in developing economies such as India, followed by the rapid growth in the population rate and the strong demand for ready-to-eat food products, will create numerous growth opportunities in the global fruit snacks market. Moreover, the manufacturers are emphasizing on product development, such as the introduction of gluten-free snacks, and are heavily investing in R&D to capture the changing demand of the target audience. On the other hand, the increasing number of stringent regulatory standards by governments will directly hamper the growth

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the Type, the market is segmented into Sweets & Savoury, Beverages, Dairy, and Others. The Sweets & Savoury segment is anticipated to lead the market over the forecast period owing to the increasing preference of consumers for the processed food products with high nutritional content as compared to the other regular processed food items. Moreover, the increasing demand for sweets & savory fruit snacks among the children of age group between 3 to 7 years will further complement the growing demand of the segment.

Based on the Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores, and Online. The Convenience Stores segment is projected to grow at a higher CAGR over the forecast period due to the easy availability of a wide range of flavors under one roof. In addition to this, these convenience stores offer product display, detailed ingredient information, and attractive discount offers on bulk orders. On the other hand, the online segment is expected to lead the market during the forecast period. The online stores are 24*7 open and provides remarkable benefits to its customers, such as free-home delivery option, various discount coupons, paybacks, and cash on delivery option. All these factors, along with the growing penetration of smartphones and the internet, will attract a large number of consumers towards e-stores to save their money and time at the same time.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis

On the basis of Region, the North America region is anticipated to lead the market over the forecast period due to the growing proclivity of nutritional value-based convenience food habits among millennials in this region. The large presence of leading market players along with continuous technological advancement and well-established chains of distribution across Canada and the United States of America will have a positive impact on the growing demand of the market. Moreover, the hectic lifestyle, rising rate of population, and the innovative marketing strategies adopted by the leading players will further expand the market growth in this region.

Top Market Players

Various notable players operating in the market include Sunkist Growers Inc., SunOpta, General Mills, Inc., Welch’s, Kellogg Co., Bare Foods Co., Crunchies Natural Food Company, LLC, Crispy Green Inc., Flaper SA, and Mount Franklin Foods, LLC among others.

Key Developments:

• • In 2020, Welch’s launched its new three-ounce Easter Egg, which included six fun-sized pouches of fruit snacks inside it. These fruit snacks are made with real fruits and are a perfect addition to every parent’s Easter basket.
  • In 2020, Mount Franklin Foods, LLC acquired Arro Corporation’s food processing and ingredient divisions. With this acquisition, Mount Franklin Foods aims to expand and develop its products and brand value to a broader aspect in the foodservice industry.
  • In 2019, Ferrero Group acquired the cookie, fruit-flavoured snack, ice cream cone, and pie crust business from The Kellogg Co. The $1.3 billion deal will strengthen the Ferrero Group’s position in the North America market by expanding their product portfolio.

Segments covered in the Report:

The global Fruit Snacks market has been segmented on the basis of Type, Fruit Family, Distribution Channel and Region. Based on Type, the market is segmented into Sweets & Savoury, Beverages, Dairy and Others. Based on Sweets & Savoury, the market is segmented into Freeze Dried, Extruded Strips, Others. Based on Fruit Family, the market is segmented into Apple, Mango, Banana, Pineapple, Berry, Mixed and Others. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience Stores and Online.

For detailed scope of the “Fruit Snacks Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Fruit Snacks market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fruit Snacks market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Fruit Snacks market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various Fruit Family of global Fruit Snacks market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

Global Fruit Snacks Market by Type

• • Sweets & Savoury
    • Freeze Dried
    • Extruded Strips
    • Others
  • Beverages
  • Dairy
  • Others

Global Fruit Snacks Market by Fruit Family

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

Global Fruit Snacks Market by Distribution Channel

• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

Global Fruit Snacks Market by Region

• • North America Fruit Snacks Market (Option 1: As a part of the free 25% customization)

    • North America Fruit Snacks Market by Type
    • North America Fruit Snacks Market by Fruit Family
    • North America Fruit Snacks Market by Distribution Channel
    • United States of America (US) Fruit Snacks Market All-Up
    • Canada Fruit Snacks Market All-Up

  • Europe Fruit Snacks Market (Option 2: As a part of the free 25% customization)

    • Europe Fruit Snacks Market by Type
    • Europe Fruit Snacks Market by Fruit Family
    • Europe Fruit Snacks Market by Distribution Channel
    • United Kingdom (UK) Fruit Snacks Market All-Up
    • Germany All-Up Fruit Snacks Market All-Up
    • France Fruit Snacks Market All-Up
    • Spain Fruit Snacks Market All-Up
    • Rest of Europe Fruit Snacks Market All-Up

  • Asia-Pacific Fruit Snacks Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Fruit Snacks Market by Type
    • Asia-Pacific Fruit Snacks Market by Fruit Family
    • Asia-Pacific Fruit Snacks Market by Distribution Channel
    • China Fruit Snacks Market All-Up
    • India Fruit Snacks Market All-Up
    • Japan Fruit Snacks Market All-Up
    • Rest of APAC Fruit Snacks Market All-Up

  • RoW Fruit Snacks Market (Option 4: As a part of the free 25% customization)

    • RoW Fruit Snacks Market by Type
    • RoW Fruit Snacks Market by Fruit Family
    • RoW Fruit Snacks Market by Distribution Channel
    • Brazil Fruit Snacks Market All-Up
    • South Africa Fruit Snacks Market All-Up
    • Saudi Arabia Fruit Snacks Market All-Up
    • UAE Fruit Snacks Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Fruit Snacks Market All-Up

Global Fruit Snacks Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sunkist Growers Inc.
  • SunOpta
  • General Mills, Inc.
  • Welch’s
  • Kellogg Co.
  • Bare Foods Co.
  • Crunchies Natural Food Company, LLC
  • Crispy Green Inc.
  • Flaper SA
  • Mount Franklin Foods, LLC