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From 2024–2031, the global fruit snacks market is expected to expand from an initial valuation of $6.32B in 2023 to a total value of $12.59B in 2031, a compound annual growth rate (CAGR) of 11%.
The growing number of health-conscious millennials around the world has been a major force propelling the global fruit snacks industry. Healthy snacks have proven popular among customers, who buy them to eat in between meals and even as meals on occasion. Also, sales of ready-to-eat nutritious foods are expected to skyrocket in the next several years, thanks to customers' increasingly hectic lives and penchant for convenience foods.
Vegetable and fruit-based meals are gaining popularity among people of all ages, from kids to millennials and Gen Xers, due to their high nutritional value and pleasing texture and flavor. The expanding middle class also has the disposable income to buy rare and expensive items. Products boasting health benefits, such as being organic, non-GMO, and featuring exotic tropical flavors, have seen a rise in popularity over the years.
People are searching for low-calorie snacks due to the health and wellness trend, which is driving the market expansion. Another factor fueling the market's expansion is the widespread availability of fruit snacks in supermarkets, convenience stores, and even online. Novel flavors and goods that address particular nutritional needs, such those for vegans, those watching their calorie intake, and those who are gluten-free, are propelling the industry forward. Consequently, the worldwide snacks industry is anticipated to maintain its upward trajectory in the years ahead.
The food aisles are expected to experience expansion because to rising demand for fiber-rich food products and an increasing need for essential vitamins and minerals. Buyers are still looking for alternatives that are better for them. Snacking on nutritious food is becoming more popular, which is changing the snack food industry. The increased demand for portable food has also led to the introduction of new varieties of nutritious fruit snacks. Functional foods like organic, micronutrient-rich, plant-based proteins that aid in weight management, improve digestive health, and reduce the risk of cardiovascular ailments and obesity have been in high demand as the fruit snack business has grown.
Customers' growing interest in healthy snacking, the rising demand for meal replacements, and rising health concerns are the factors propelling the worldwide fruit snack market forward. One more factor driving the expansion of the fruit snack industry is the rising demand for healthful nutrients such as vitamins, potassium, minerals, and fibers, which play a role in disease prevention. Customers would rather buy dairy goods, sweets, savory foods, and beverages that include some nutritional value than typical processed food. The factors propelling the market's expansion include an aging population, rising disposable incomes, rising per capita spending, and an uptick in the popularity of fruit snacks as a healthier alternative. Nevertheless, the fruit snacks business is not growing as rapidly as it could be due to the high production costs. The worldwide fruit snack market is also constrained by various government regulations that are quite strict when it comes to product quality.
Another factor fueling the market's expansion is the introduction of new products and their variety. There is a wide variety of tastes, mixes, and forms available to consumers because manufacturers are always coming up with new things. Fruit snack variations can be more enticing to customers when they are packaged and marketed creatively. The fruit snacks market dynamics will be influenced by the ability to adapt and introduce new products to match consumers' evolving wants.
Fruit snacks are often more expensive than other, less health-conscious snack options. Because of this price difference, the market may not grow as quickly as desired, especially if thrifty shoppers are wary of spending money on what they see as a more expensive snack alternative. Logistical hurdles caused by concerns about product perishability and shelf life impact availability and supply in some areas. As shoppers negotiate varying tastes and budgets in the snack food industry, the fruit snacks market faces stiff competition from a dizzying assortment of products, some of which are more healthful than others.
Report Coverage
Global Fruit Snacks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fruit Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fruit Snacks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fruit Snacks market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fruit Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fruit Snacks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Fruit Snacks market based on the below-mentioned segments:
Global Fruit Snacks Market, By Type
Kernell
In Shell
Global Fruit Snacks market, By Application
Beverages
Dairy
Sweets
Savory
Others
Global Fruit Snacks Market, By Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Online Retailing
Others
Global Fruit Snacks market, Regional Analysis
The growing number of health-conscious millennials around the world has been a major force propelling the global fruit snacks industry. Healthy snacks have proven popular among customers, who buy them to eat in between meals and even as meals on occasion. Also, sales of ready-to-eat nutritious foods are expected to skyrocket in the next several years, thanks to customers' increasingly hectic lives and penchant for convenience foods.
Vegetable and fruit-based meals are gaining popularity among people of all ages, from kids to millennials and Gen Xers, due to their high nutritional value and pleasing texture and flavor. The expanding middle class also has the disposable income to buy rare and expensive items. Products boasting health benefits, such as being organic, non-GMO, and featuring exotic tropical flavors, have seen a rise in popularity over the years.
People are searching for low-calorie snacks due to the health and wellness trend, which is driving the market expansion. Another factor fueling the market's expansion is the widespread availability of fruit snacks in supermarkets, convenience stores, and even online. Novel flavors and goods that address particular nutritional needs, such those for vegans, those watching their calorie intake, and those who are gluten-free, are propelling the industry forward. Consequently, the worldwide snacks industry is anticipated to maintain its upward trajectory in the years ahead.
The food aisles are expected to experience expansion because to rising demand for fiber-rich food products and an increasing need for essential vitamins and minerals. Buyers are still looking for alternatives that are better for them. Snacking on nutritious food is becoming more popular, which is changing the snack food industry. The increased demand for portable food has also led to the introduction of new varieties of nutritious fruit snacks. Functional foods like organic, micronutrient-rich, plant-based proteins that aid in weight management, improve digestive health, and reduce the risk of cardiovascular ailments and obesity have been in high demand as the fruit snack business has grown.
Customers' growing interest in healthy snacking, the rising demand for meal replacements, and rising health concerns are the factors propelling the worldwide fruit snack market forward. One more factor driving the expansion of the fruit snack industry is the rising demand for healthful nutrients such as vitamins, potassium, minerals, and fibers, which play a role in disease prevention. Customers would rather buy dairy goods, sweets, savory foods, and beverages that include some nutritional value than typical processed food. The factors propelling the market's expansion include an aging population, rising disposable incomes, rising per capita spending, and an uptick in the popularity of fruit snacks as a healthier alternative. Nevertheless, the fruit snacks business is not growing as rapidly as it could be due to the high production costs. The worldwide fruit snack market is also constrained by various government regulations that are quite strict when it comes to product quality.
Another factor fueling the market's expansion is the introduction of new products and their variety. There is a wide variety of tastes, mixes, and forms available to consumers because manufacturers are always coming up with new things. Fruit snack variations can be more enticing to customers when they are packaged and marketed creatively. The fruit snacks market dynamics will be influenced by the ability to adapt and introduce new products to match consumers' evolving wants.
Fruit snacks are often more expensive than other, less health-conscious snack options. Because of this price difference, the market may not grow as quickly as desired, especially if thrifty shoppers are wary of spending money on what they see as a more expensive snack alternative. Logistical hurdles caused by concerns about product perishability and shelf life impact availability and supply in some areas. As shoppers negotiate varying tastes and budgets in the snack food industry, the fruit snacks market faces stiff competition from a dizzying assortment of products, some of which are more healthful than others.
Report Coverage
Global Fruit Snacks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Fruit Snacks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Fruit Snacks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Fruit Snacks market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Fruit Snacks Market from 2021 to 2031.
- Market Forecast for Fruit Snacks Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Fruit Snacks competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Fruit Snacks
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Fruit Snacks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Fruit Snacks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of Fruit Snacks
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Fruit Snacks market based on the below-mentioned segments:
Global Fruit Snacks Market, By Type
Kernell
In Shell
Global Fruit Snacks market, By Application
Beverages
Dairy
Sweets
Savory
Others
Global Fruit Snacks Market, By Distribution Channel
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Online Retailing
Others
Global Fruit Snacks market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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