The market was estimated to be worth US$ 5,057.87 million in 2019 and is expected to reach US$ 9,174.86 million by 2027, according to our most recent market study on “Fruit Snacks Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (Sweets and Savoury, Beverages, Dairy, and Others), Fruit Family (Apple, Mango, Banana, Pineapple, Berry, Mixed, and The study highlights significant market growth drivers and well-known industry players, as well as their recent product advancements.
Fruit snacks are manufactured, sugar-heavy confectionery foods designed in particular for kids. These snacks’ major component is refined sugar, which is made from apple and white grape juice. These snacks have tastes including strawberry, raspberry, orange, and white grape and are comparable to gummy candies. Fruit snacks are packed with nutrition since they contain vital elements like potassium, vitamins, magnesium, and fibre, which reduce the risk of obesity, high blood pressure, and cardiovascular illnesses.
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Increased purchasing power and a shift in consumer preferences toward convenient, healthful foods are credited with the surge in demand for fruit snacks. Furthermore, customers worldwide are gravitating toward convenience foods as a result of the expanding food and beverage business and better economic situations. Customers like ready-to-eat foods that are equally nutritious and fresh but less processed. Convenience meals are now available on shelves in supermarkets and other retail establishments thanks to the increase of distribution networks. The changing demographics of the workforce and busy lives are two key factors driving the need for convenience foods. In order to reach a wider customer base, large corporations are also developing fruit snacks of higher quality and approaching effective distribution networks.
Bare Snacks; Crispy Green Inc.; General Mills Inc.; Ferrero; Mount Franklin Foods, LLC; Nutty Goodness, LLC ; Seneca Foods; Sunkist Growers, Inc.; SunOpta; and Welch’s are among the well-established players in the fruit snacks market.
Impact of COVID-19 Pandemic on Fruit Snacks Market
The COVID-19 epidemic was initially identified in Wuhan (China) in December 2019, and it has since rapidly spread throughout the world. The worst-affected nations by this epidemic as of December 2020 are the US, India, Brazil, Russia, France, the UK, Italy, Spain, Argentina, Colombia, Germany, and Mexico. Due to travel restrictions, lockdowns, and business closures, the pandemic has had an impact on the economies and industries of many different nations. One of the largest industries in the world, the food and beverage sector has been severely impacted by the pandemic crisis, with supply chains breaking down, technology events being postponed, and offices closing. The worldwide supply chains, manufacturing, delivery schedules, and product sales have been disrupted as a result of the lockdown of numerous facilities and factories in North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Additionally, corporate partnerships and collaboration prospects are being impacted by the travel restrictions implemented by nations in Europe, Asia, and North America. The COVID-19 pandemic has had a negative impact on the food and beverage business, which has slowed the expansion of several markets that are connected to this industry.
The report includes the segmentation of the global fruit snacks market as follows:
Fruit Snacks Market, by Type
- Sweets and Savoury
- Beverages
- Dairy
- Others
Fruit Snacks Market, by Fruit Family
- Apple
- Mango
- Banana
- Pineapple
- Berry
- Mixed
- Others
Fruit Snacks Market, by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailing
- Others
Fruit Snacks Market, by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East &Africa
- South America
- Brazil
- Argentina
- Rest of South America
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