Global Fruit Snacks Market Overview
According to SPER Market Research, the Global Fruit Snacks Market is estimated to reach USD 17.24 billion by 2032 with a CAGR of 10.23%.
Fruit snacks are snacks that have fruit juice or pulp from fruits like apples, mangos, bananas, pineapples, and berries as a main ingredient. The ingredients used in the processing and production of the snacks include corn syrup, sugar, fruit concentrate, water, gelatin , and a variety of natural and artificial flavours. Fruit sandwiches, smoothies, chunks of fruit, dips, popsicles, drinkable jams, flavoured gummies, and jelly strips are a few of the popular fruit snacks. Additionally, they are enriched with extra vitamins, minerals, and other components necessary for a healthy diet. They offer better storage convenience, a longer shelf life, and more nutritional value than conventional gelatin - based snacks. One of the primary elements driving a positive outlook for the market is the food and beverage industry's rapid expansion, along with consumers' growing desire for ready-to-eat (RTE) snacks and convenience food products. The public's growing awareness of health issues is another factor promoting market expansion. Fruit snacks help to reduce the risks of acquiring diabetes, high blood pressure, cardiovascular diseases (CVDs), and disorders associated to obesity. In keeping with this, the rising demand for nutrient-rich processed foods as well as functional foods and drinks is also fueling the market's expansion. The introduction of fruit snacks with exotic tropical fruit flavours made with organic and non-genetically modified (GMO) components is one example of a product innovation that is working as a growth-promoting element. To reach a larger consumer base, product producers are combining strong promotional efforts through online retail channels with appealing packaging. Additional factors, such as increased consumer spending power and significant research and development (R&D) efforts, are predicted to fuel the industry even further.
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Impact of COVID-19 on the Global Fruit Snacks Market
The infestation of COVID-19 has resulted in a drop in product consumption, which can be attributed to the government's system to improve the quality to maintain social disconnection, confinement, and store number of occupants. One of the biggest industries suffering from supply chain interruptions and manufacturing delays as a result of lockdowns and workplace closures is the global food and beverage sector. China is the world's manufacturing hub and the biggest provider of raw materials to numerous sectors. The closure of several factories and plants in Asia Pacific and Europe has a negative impact on global supply networks, production and delivery schedules, and product sales. The growth of the market for fruit snacks is also hampered by these concerns.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product Type, By Nature, By Fruit Family, By Distribution Channel.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Blue Diamond Growers, Cargill, Conagra Brands, Danone, Eat Natural, Freeland Foods, General Mills Inc., Green Park Brands, Greenleaf Foods SPC, Hilary’s – Drink Eat Well, Incorporated, LLC, LOUISVILLE VEGAN JERKY COMPANY, Maple Leaf Foods, Nestle.
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Global Fruit Snacks Market Segmentation:
1. By Product Type:
- Beverages
- Dairy Products
- Smoothies
- Sweet & Savory
2. By Nature:
3. By Fruit Family:
- Apple
- Banana
- Berry
- Mango
- Mixed
- Pineapple
- Others
4. By Distribution Channel:
- Convenience Stores
- General Stores
- Online
- Others
- Supermarkets
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Fruit Snacks Market (FY’2019-FY’2032)
- Global Fruit Snacks Market’s Overview
- Segmentation of Global Fruit Snacks Market By Product Type (Beverages, Dairy Products, Smoothies, Sweet & Savory)
- Segmentation of Global Fruit Snacks Market By Nature (Organic, Conventional)
- Segmentation of Global Fruit Snacks Market By Fruit Family (Apple, Mango, Pineapple, Banana, Berry, Mixed, Others)
- Segmentation of Global Fruit Snacks Market By Distribution Channel (Supermarkets, Convenience Stores, General Stores, Online, Others)
- Global Fruit Snacks Market’s Statistical Snap
- Growth Analysis of Global Fruit Snacks Market
- Problems and Challenges in Global Fruit Snacks Market
- Competitive Landscape in the Global Fruit Snacks Market
- Impact of COVID-19 and Demonetization on Global Fruit Snacks Market
- Details on Recent Investment in Global Fruit Snacks Market
- Competitive Analysis of Global Fruit Snacks Market
- Major Players in the Global Fruit Snacks Market
- SWOT Analysis of Global Fruit Snacks Market
- Global Fruit Snacks Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Fruit Snacks Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Fruit Snacks Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Fruit Snacks Market
7. Global Fruit Snacks Market, By Product Type, 2019-2032 (USD Million)
7.1 Beverages
7.2 Dairy Products
7.3 Smoothies
7.4 Sweet & Savory
8. Global Fruit Snacks Market, By Nature, 2019-2032 (USD Million)
8.1 Organic
8.2 Conventional
9. Global Fruit Snacks Market, By Fruit Family, 2019-2032 (USD Million)
9.1 Apple
9.2 Banana
9.3 Berry
9.4 Mango
9.5 Mixed
9.6 Pineapple
9.7 Others
10. Global Fruit Snacks Market, By Distribution Channel, 2019-2032 (USD Million)
10.1 Convenience Stores
10.2 General Stores
10.3 Online
10.4 Others
10.5 Supermarkets
11. Global Commercial Washing M Market, By Region, 2019-2032 (USD Million)
11.1 Global Fruit Snacks Market Size and Market Share by Region (2019-2025)
11.2 Global Fruit Snacks Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Blue Diamond Growers
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Cargill
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Conagra Brands
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Danone
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Eat Natural
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Freeland Foods
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 General Mills Inc.
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Green Park Brands
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Greenleaf Foods SPC
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Hilary’s – Drink Eat Well
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Incorporated
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 LLC
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 LOUISVILLE VEGAN JERKY COMPANY
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Maple Leaf Foods
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Nestle
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
