The fruit snacks market size is expected to reach USD 10.87 billion at a CAGR of 9.5% by 2028

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Fruit Snacks Market Size – USD 5.38 Billion in 2020, Market Growth – CAGR of 9.5%, Trends – Rising health awareness among consumers worldwide.

NEW YORK, NY, USA, July 28, 2022 /EINPresswire.com/ — The Global fruit snack market is expected to be valued at USD 10.87 billion in 2028 from USD 5.38 billion in 2020, registering a CAGR of 9.5% over the forecast period. The market is poised to witness significant growth in the forecast timeframe owing to the rising demand for nutritional and healthy snacks and growing population of health conscious consumers. The growing trend of on-the-go, ready-to-eat and ready-to-eat foods is expected to bolster the market growth.

Fruit snacks are very popular among the younger generation and children due to their easy-to-eat attribute with a taste closely resembling sweets. Products are often packaged in durable plastic packaging that does not require refrigeration or storage. The increasing expansion of R&D activities by leading manufacturers to introduce gluten-free and sugar-free fruit snacks to meet the needs of a larger health-conscious population is aiding in the expansion of the market. Rising levels of disposable income, rising consumer spending power and growing trend of fruit snacks are further fueling the growth of the market.

However, there is a lot of controversy surrounding the nutritional content or value of sugar in fruit snacks. The implementation of a strict regulatory framework by the government that restricts manufacturers from labeling sugar-containing fruit snacks as nutritional or healthy may hamper the market growth in the anticipated time frame. Other limiting factors such as product shelf life and shelf life may also limit the market expansion over the forecast period.

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Main highlights of the report:

• The sweet and savory segment is expected to register a significant growth rate in the estimated period due to the increasing inclination towards processed and convenient foods, the growing trend of snacks among children and the introduction of attractive products such as gummy bears.
• Based on the type of fruit, the mixed fruit segment is expected to occupy a major share of the market owing to their extensive use in puddings, jams, smoothies, and juices. Rising demand for flavored food products is further fueling the growth of the segment.
• The increasing availability of a wide variety of products on supermarket shelves and the incorporation of technologically advanced equipment in supermarkets and hypermarkets is expected to support the growth of the supermarket and hypermarket segment over the estimated period.
• Asia-Pacific is expected to register a significantly high CAGR of 10.6% over the estimated period accrediting the rapid expansion of the industry in the region due to soaring disposable incomes, increasing health-conscious population and growing apprehension about the benefits of fruit snacks among consumers.
• Major market players include Nutty Goodness, Welch’s, Mount Franklin Foods, LLC, SunOpta, PepsiCo, General Mills Inc., Chaucer Foods Ltd., Kellogg NA Co., and Crispy Green Inc., among others.
• In January 2021, cereal giant Kellogg’s announced its first line of plant-based snacks for kids, made by kids. The product line, WK Kellogg by Kids, includes two fruit and vegetable-based bars and is available in two flavors, namely Orange & Carrot and Raspberry, Strawberry & Beet.
• In February 2021, Welch’s expanded its Welch’s® Fruit Snacks product line with the addition of “Welch’s® Fruit juice® Fruit Snacks”, available in three flavors, Island Splash, Berry Blasts and Mixed Fruit, and different pack sizes to cater to a wide range of consumers.

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For the purposes of this report, Reports and Data has segmented the global fruit snacks market on the basis of product type, fruit, distribution channel and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Sweet and salty
• Smoothies
• Cuts and slices
• Dairy
• Others

Fruit Outlook (Revenue, USD Billion; 2018-2028)

• Mango
• Banana
• Apple
• Pineapple
• Mixed
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

• Supermarkets and hypermarkets
• Convenience stores
• Online retailers
• Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Reports and data
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