The projected CAGR of the global Packaged Fruit Snacks Market through the forecast period is 9.5%, with an expected value of USD 10.87 Billion in 2028 from USD 5.38 Billion in 2020. The market is expected to witness significant growth due to the rising demand for healthy and nutritious snacks and the increasing population of health-conscious consumers. Additionally, the popularity of on-the-go, ready-to-eat, and convenience foods is expected to fuel market growth. Fruit snacks are particularly favored by children and young people due to their candy-like taste and easy-to-eat nature. These products are commonly packaged in sustainable plastic packaging, eliminating the need for refrigeration or storage.
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Top Companies Operating in the Global Packaged Fruit Snacks Market Report:
Nutty Goodness, Welch's, Mount Franklin Foods, LLC, SunOpta, PepsiCo, General Mills Inc., Chaucer Foods Ltd., Kellogg NA Co., and Crispy Green Inc.
Key Trends of Packaged Fruit Snacks Market
- Growing Demand for Healthy Snacking: Consumers are increasingly seeking healthier snacking alternatives, and fruit snacks are perceived as a better option compared to traditional snacks like chips and cookies. Fruit snacks are often made with real fruit or fruit puree and are perceived as a healthier option due to their natural ingredients and lower calorie content.
- Rising Popularity of Organic and Natural Fruit Snacks: With the increasing focus on natural and organic products, there has been a surge in the demand for organic and natural fruit snacks. Consumers are becoming more conscious of the ingredients used in their snacks and are willing to pay a premium for products made with organic and natural ingredients.
- Innovation in Flavors and Varieties: Fruit snack manufacturers are constantly innovating to offer a wide range of flavors and varieties to cater to different consumer preferences. Apart from traditional fruit flavors, there has been an introduction of exotic fruit flavors, blends of different fruits, and even vegetable-fruit combinations to provide unique snacking experiences.
- Convenience and Portability: Convenience and portability are important factors driving the growth of the Packaged Fruit Snacks Market. Fruit snacks are often available in convenient packaging formats like pouches or single-serving packs, making them suitable for on-the-go consumption. This appeals to busy consumers who are looking for quick and convenient snacking options.
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The global Packaged Fruit Snacks Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Sweet Savory
- 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 Hypermarkets
- Convenience Stores
- Online Retailers
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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