Packaged Fruit Snacks Market
Packaged Fruit Snacks Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Packaged Fruit Snacks Market Segmented By Organic and Conventional Type in Dry, Refrigerated, Pulp Form in Confectionery, Cereals, Fruit bites, Bakery
Packaged Fruit Snacks Market Forecast and CAGR
According to latest research by Persistence Market Research, packaged fruit snacks market is set to witness significant growth during 2021-2031. Demand for packaged fruit snacks will witness steady growth in short-term, with optimistic growth outlook in the long-run.
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What is Driving Demand for Packaged Fruit Snacks?
A rich source of vitamins, minerals, and natural sugar containing a minimal amount of cholesterol and sodium all adds up to the health benefits that packaged fruit snacks have to offer to their consumers. With more than thousands of fruit types available globally the product range is itself so versatile.
The evolving life choices that modern-day consumers are making to ensure the fulfillment of the nutritional needs of their bodies like organic, gluten-free, non-GMO, vegan, plant-based are some of the potent points that are ascertaining the growth of the packaged fruits snacks. Moreover, consumers today are ready to spend as much as needed for the product of their choice.
For products like packaged fruit snacks, the involvement of the entertainment industry has shown positive signs for the marketplace expansion. The dependence of people on snacks daily has shown an exceptional increase and also snacking on junk food leads to weight gain and other health issues.
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Packaged Fruit Snacks Gaining Popularity in the Food and Beverage Industry
The high dependence of people on snacks and the need for a healthier alternative are some of the factors that are proving the worth of packaged fruit snacks in the food and beverages industry.
The high population suffering from diseases such as low blood pressure and diabetes which may require a certain amount of food in between regular meals. The acceptance of a snacking product like packaged fruit snacks by a high percentage of the population are all aiding to its industrial popularity.
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Entertainment Industry Reshaping the Packaged Fruits Snacks Market
As the fanbase of popular comics like Marvel and DC is increasing, the number of packaged food snacks available under their superhero names has seen an exponential increase. Now the products are just not being endorsed but have a whole new dedicated section for their heroes making their fans choose such products over others.
This new concept is targeting not just the need for a healthy snack but also the decision-making of the consumers. Moreover, the global acceptance of such superhero figures has also opened the door for an extreme expansion of the marketplace.
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China Packaged Fruit Snacks Market Outlook
China produces maximum number of fruits including apples, citrus fruits, pears, grapes, bananas, and others, is offering a sustainable supply of raw material for making packaged fruit snacks. The technological advancement that this country has to offer to the manufacturers is state-of-the-arts in terms of efficiency and also the cost.
This country with its population and its skillfulness can also account for a utilizable human resource. The export from china is also high and is globally accepted as well. The surplus trade has also led manufacturers to provide their products at lower prices. This may lead to the formulation of a good value-added product for the marketplace.
U.S. Demand Outlook of Packaged Fruit Snacks
The U.S. is the biggest consumer of fast foods globally. The population which is so used to snacking and desperate need of healthier alternatives which may cater to the body’s blood pressure and blood sugar levels is an ideal population to target for marketplace expansion. The awareness of the population on the need to innovate dietary habits is an added advantage for the manufacturers of the packaged fruit snacks.
The popularity of entertainment figures is another such advantage. The country also hosts big television and comic events such as Comic-Con that may prove to be an ideal launch of a snack range based completely on fruits with minimal processing and artificial chemicals.
Who are the Key Manufacturers and Suppliers of Packaged Fruit Snacks?
The key manufacturers and suppliers of the packaged foods snacks includes
- Hormel Foods Corporation
- Welch Foods Inc.
- Kellogg Company
- YummyEarth Inc.
- Ferrara Candy Company
- Rhythm Foods
- Nurture Inc.
- Mott's LLP
- General Mills
- PT Organics Ltd.
- Tong Garden Co. Ltd.
- Nutty Gritties
- Britannia Industries
- Del Monte Foods Inc.
- Sweet Life AG
The manufacturers today are impressing on ways to provide their same packaged fruit snacks but with improved nutritional value and attractive packaging.
For attracting more consumers, they are using the popularity of the entertainment figures like toons and comic book heroes and are providing a whole dedicated product range for the same. They are also utilizing the certifications like organic, non-GMO, gluten-free, etc. to attract more consumers to their product.
- Flavored chocolates
- Fruit bites
- Single fruit
- Mixed fruit
- Fruit toppings
By Distribution Channel
- Business to business
- Business to consumers
- Convenience stores
- Specialty stores
- Online retailers
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Packaged Fruit Snacks Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.