According to the latest report by IMARC Group, titled “Fruit Snacks Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027″ The global fruit snacks market size reached US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.6 Billion by 2027, exhibiting a growth rate (CAGR) of 7.58% during 2022-2027.
Industry Definition and Application:
Fruit snacks refer to processed confectioneries that are prepared using fruit juice and pulp. They are commonly made by using several fruits, such as apple, mango, banana, berriesand pineapple, along with sugar, gelatin, corn syrup and fruit concentrate. These fruits are usually preserved by freeze-drying the fresh products that aid in retaining their natural flavor and nutritional value. They are further fortified using thickening agents, preservatives and natural and artificial flavoring agents. Widely characterized by extended shelf life and convenience of storage, they are available in the forms of dips, fruit chips and chunks, popsicles, jellies, gummies and smoothies.
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Global Fruit Snacks Market Trends:
The global market is primarily driven by considerable growth in the food and beverages sector. With the shifting dietary patterns of the masses and the growing preference toward healthy snacking options, there has been a rise in the demand for fruit snacks across the globe. This is also supported by the inflating disposable income levels of individuals and easy product availability through online and offline organized retail channels. The market is further driven by the launch of fruit snacks in exotic and tropical variants, which are gaining widespread prominence among the masses.
Numerous manufacturers are also introducing product variants that are prepared using organic and non-genetically modified (GMO) ingredients to cater to the shifting preferences of their consumers. Some of the other factors contributing to the market include aggressive promotional activities by vendors and extensive research and development (R&D) activities in production technologies. On account of the aforementioned factors, the market is expected to grow at a CAGR of 7.58% during 2022-2027.
Global Fruit Snacks Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- Welch Foods Inc.
Breakup by Product Type:
- Sweet and Savory Chips
- Fresh Cuts and Slices
- Candies and Bars
- Dairy-Based
- Others
Breakup by Fruit Type:
- Apple
- Mango
- Banana
- Pineapple
- Berries
- Mixed
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Stores
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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