Global fruit snacks market is registering a substantial CAGR of 8.32% in the forecast period of 2019-2026. Increasing health benefits related to the consumption of the snacks rich in fruit content is the major factor for the growth of the market.
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Key Market Competitors:
Few of the major competitors currently working in global fruit snacks market are Crunchies Natural Food, Bare Snacks, Crispy Green Inc., Mount Franklin Foods, Flaper S.A., Nutty Goodness, THE WHITEWAVE FOODS COMPANY, Paradise Inc., Tropical Foods, GANONG BROS., LIMITED, A.S. Watson Group, PT. INASENTRA UNISATYA & PT. MONYSAGA PRIMA, Welch’s, General Mills Inc., SunOpta, Kellogg Co., Sunkist Growers Inc, USA., Hero Group, Pioneer Food Group, Sensible Foods and Nims Fruit Crisps Limited among others.
Fruits consist of various nutrients such as magnesium, potassium, vitamins and fiber which lessen the risk of high blood pressure, cardiovascular diseases and obesity. There are various foods available in fruit snacks market such as fruit bite, ice cream, cookies, yogurt and fruit sticks. For manufacturing of fruit snacks existing method is used. Now, the food snacks are consumed as alternative to traditional confectionery or snacks. These products contain 100% real fruit without saccharin. With increased appetite for snacks many companies are emerging in the fruit snacks market and there will be more investments in the snacks market which impacted the growth of the market in the forecast period.
- Growing health & wellness concerns with hectic lifestyles will drive the market growth
- Rising demand for nutritional ingredients in sweets, beverages and food will help to boost the growth of market
- Growing consumer expenditure on supermarkets; will increase the market growth
- Increasing disposable income among consumers; will fuel the growth of this market
- Stringent regulatory standards related with product quality; will restrain the market growth
- High production cost of fruit containing products; will hamper the growth of the market
Segmentation: Global Fruit Snacks Market
By Distribution Channel
- Convenience Stores
- General Stores
By Fruit family
- North America
- South America
- Rest of South America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In March 2015, Naturo had launched on the go fruit snack. Naturo Fruitsum which contains dried fruit which are naturally ripened available in mango and pineapple flavor. This will provide fruit product to improve the consumer health and hence increase in the revenue generation
- In March 2018, PepsiCo had successfully acquired Fruit and Veggie Snack Maker Bare Foods. With this there is increase in food variety for customers such as less-processed foods and natural foods. This will resulted into increased product portfolio, profit margin and revenue generation of a company
Global fruit snacks market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fruit snacks market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Research Methodology: Global Fruit Snacks Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of Market Segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market Drivers and Restraints analysis along with the analysis of the market structure
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