Global Fruit Snacks Market – Industry Trends and Forecast to 2030

Fruit Snacks Market Analysis and Size

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.     

Fruit Snacks Market Scope and Segmentation

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 and flavored gummies.

Fruit Snacks Market Dynamics

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.

Opportunities

• Increasing consumer willingness towards eco-friendly and premium products

The per capita income has dramatically increased in developing economies during the past few years. The per capita income of china increased by 0.3% in 2019 compared to 2018. India's personal disposable income increased by around 9.4% in 2017 compared to 2016. As consumers have more purchasing power, they are more likely to purchase environmentally friendly and high-end products such as fruit-based meals owing to the increased global awareness of fitness and increasing disposable incomes. Moreover, advantages of corporate wellness programs and beneficial government laws open up numerous opportunities for the growth of the fruit snacks market globally.

Restraints/ Challenges

• Stringent regulatory standards set by the government

The nutritive value of fruit snacks has been under valuation for a long time period. Much of the argument is associated to the nutritional value which is found in measureable amounts in some of the fruit snacks. The implementation of stringent regulatory standards by the government that prohibits manufacturers from labelling fruit snacks, such as the FDA’s Jelly Bean Rule. This factor can potentially hamper the market growth. Moreover, fruit snacks pose substantial challenges in their preservations and shelf-life, which can, in turn, restrain the growth pf the market.

This fruit snacks market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fruit snacks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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

Fruit Snacks Market Regional Analysis/Insights

The fruit snacks market is analyzed and market size insights and trends are provided by country, application, distribution channel and fruit family as referenced above.

The countries covered in the fruit snacks market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the fruit snacks market in terms of revenue and market share owing to the increase in the consumers who have these fruit snacks to control their hunger between meals, satisfy a craving, and gain nutrition. Moreover, the rise in the requirement for ready-to-eat or on-the-go foods will further increase the growth of market in this region.

Asia-Pacifc is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the increase in the per capita consumption. Furthermore, the increasing health consciousness amongst the consumers and rise in the number of middle-class households are some other factors which will further enhance  market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fruit Snacks Market Share Analysis

The fruit snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fruit snacks market.

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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