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Fruit Snacks Market Type (Kernel, In-shell) Product (Conventional, Organic) Application (Beverages, Dairy, Sweets, Savory, Others) Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, Online Retailing, Other Distribution Channels, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A06617
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Oct 2020 | 424 Views
 
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Fruit snack is processed food that people eat as a snack in different parts of the world. Fruit snacks contain a high nutritional value such as magnesium, potassium, vitamin, and fiber, which lessens the risk of high blood pressure, obesity, and cardiovascular diseases. Fruit snacks are a very traditional segment, still changing trends, have given rise to newer forms and variants of fruit snacks. The demand for nutrition-rich refreshments especially, for kids, the fruit snacks market is witnessing substantial growth. The busy lifestyle of people has given rise to on-the-go snacking habits. Also, consumers prefer snacking that is convenient and healthy. In this situation, fruit snacks are the best to serves the purpose. The fruit snacks include various types of candies, including apple and grape juice. Also, the global fruit snacks market is crowded with large and small players, making the market competitive. Due to this high competition, numerous innovations are coming up in the market, and players are focusing on the quality of the fruit snacks.

 

Market scope and structure analysis:

                 Report Metric

                                                  Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Product, Application, Distribution Channel, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Welch Foods Inc., General Mills Inc., SunOpta, Kellogg Co., Sunkist Growers Inc., Crunchies Food Company, Tropical Foods, Sensible Foods, Pioneer Food Groups, Mount Franklin Foods, and Nutty Goodness.

 

COVID-19 Scenario Analysis: 

  • Amid the COVID-19 pandemic and the prevailing lockdown situation, the food & beverage industry has seen a rise in the demand for household staples, snacks, healthy food items, and longer shelf lives consumables. 
  • Due to the disruption of the supply chain, the availability of snacks to the consumers is becoming a big challenge. 
  • Companies are trying to alter their supply chain by capturing online retail stores.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in awareness among customers about healthy snacking, surge in need for a meal substitute, and increase in health concerns drive the growth of the global fruit snack market. The demand for nutritional ingredients, like vitamins, potassium, minerals, and fibers helps in controlling various diseases, which is another reason for the growth of the fruit snacks market. In comparison to regular processed food, consumers prefer food, beverages, sweets, savory, and dairy products that have some nutritional value present in them. Increase in personal disposable income, rise in geriatric population, surge in per capita expenditure, and rise in adoption of fruit snacking as a healthy choice among consumers drive the market growth. 

However, the high cost of production associated with fruit snacks hamper the growth of the fruit snacks market globally. Along with this, different stringent policies of the government, concerning product quality limits the growth of the global fruit snack market. 

Global Fruit Snacks Market Trends are as follow:

Online Retaining is Boosting the Fruit Snacks Market:

The online retail sector has set its foot in almost all the sectors and has successfully established itself as a convenient market place. E-commerce platforms are providing customers with a wide range of fruit snacks products. E-commerce is becoming the preferred choice of consumers because the consumers can choose from a wide variety of products.

Key Segments Covered:

              Segments

                                          Sub-Segments

  Type

  • Kernel
  • In-shell

  Product

  • Conventional
  • Organic

  Application

  • Beverages
  • Dairy
  • Sweets
  • Savory
  • Others

  Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialist Retailers
  • Online Retailing
  • Other Distribution Channels
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global fruit snack industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global fruit snack market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fruit snack market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global fruit snack market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Fruit Snack Market Research Report:

  • What are the leading market players active in the fruit snack market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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