The global fruit snacks market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each fruit snacks market player in a comprehensive way. Further, the fruit snacks market analysis report emphasizes the adoption pattern of the fruit snacks across various industries. The global fruit snacks market is set to reach a value of US$ 9 Bn by the end of 2027, as projected by a new study of Fact.MR. Leading manufacturers of fruit snacks are prioritizing product innovations and nutrient compositions to gain traction among the health-conscious consumer clusters.
“Fruit snacks are gaining traction, with a majority of demand from consumers driving production upsurge in breakfast foods and health beverage sectors,” says the Fact.MR report.
Fruit Snacks Market: Key Findings
- Beverages comprise more than 30% of the overall market value, owing to heightening sales of functional beverages.
- Mainstream modern retail stores such as supermarkets and hypermarkets remain key sales avenues for fruit snacks manufacturers.
- E-commerce operators are pushing for active food catalogs, thereby providing a wider range of fruit snacking options, attributing to benefit of having a non-physical shelf space.
- Evolving millennial consumer preferences continue to drive markets across the economies in Asia Pacific, further supported by concerns over artificial ingredients and sugar.
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Key Driving Factors
- Health benefits associated with consumption of fruits and derived snacks are a key driver bolstering fruit snack sales.
- Cold chain networking and stronger distribution channel management are pushing market growth in developed regions.
- Manufacturers’ efforts towards creativity, consistency, and innovative marketing strategies would add value to market growth.
Key Market Restraints
- Consumer concerns about potential adverse effects of consuming processed foods continue to create skepticism, impacting sales.
- High competition from other innovative snack options remains a strong factor limiting broader adoption of fruit snacks in global market.
Market Forecast Report 