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The global fruit snacks market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Fruit snacks are refreshment products that contain fruit juice or pulp of apple, mango, banana, pineapple and berries as a key ingredient. The snacks are processed and manufactured using corn syrup, sugar, fruit concentrate, water, gelatin and various natural and artificial flavors. Some of the commonly available fruit snacks include smoothies, fruit chunks, dips, popsicles, fruit sandwiches, drinkable jellies, flavored gummies and jelly strips. They are also fortified with added vitamins, minerals and other nutrients essential for a balanced diet. As compared to other gelatin-based snacks, they offer enhanced storage convenience, longer shelf life and higher nutritional content.
Significant growth in the food and beverage industry, along with the increasing consumer preference for ready-to-eat (RTE) snacks and convenience food products, represents one of the key factors creating a positive outlook for the market. Furthermore, rising health consciousness among the masses is also driving the market growth. Fruit snacks aid in minimizing the risks of developing cardiovascular diseases (CVDs), high blood pressure (BP), diabetes and weight-related disorders. In line with this, the increasing demand for functional food and beverages, coupled with nutrient-rich processed food, is also contributing to the growth of the market. Additionally, various product innovations, such as the launch of fruit snacks in exotic tropical fruit flavors manufactured using organic and non-genetically modified (GMO) ingredients, are acting as other growth-inducing factors. Product manufacturers are also using attractive packaging, along with the aggressive promotional activities through online retail channels to reach a wider consumer base. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fruit snacks market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, fruit type and distribution channel.
Breakup by Product Type:
Breakup by Fruit Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bare Foods Co. (PepsiCo Inc), Brothers International Food Corporation, Chaucer Foods Ltd. (Pilgrim Food Group PLC), Crispy Green Inc., General Mills Inc., Kellogg Company, Nutty Goodness LLC, Sunkist Growers Incorporated, SunOpta Inc, The Hershey Company and Welch Foods Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Fruit Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Bare Foods Co. (PepsiCo Inc), Brothers International Food Corporation, Chaucer Foods Ltd. (Pilgrim Food Group PLC), Crispy Green Inc., General Mills Inc., Kellogg Company, Nutty Goodness LLC, Sunkist Growers Incorporated, SunOpta Inc, The Hershey Company and Welch Foods Inc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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