Packaged Fruit Snacks Market Scope
Fruit snacks made with 100 percent fruit, no sugar added, no artificial colors and flavors or preservatives. The market is driven by rising preference for healthier snacks and a growing number of product launches with new flavors. And increasing demand for low-calorie snacks. Economy rebalances, spending on food products and prices have subsequently increased. With spending and consumer confidence both on the rise, there may be further opportunities for the growth of organic food products that meet diverse consumer demands. Distribution channels are also evolving, and Mintel predicts that market growth in natural and organic food and beverages will lead retailers to increasingly consider featuring these products. Supermarkets and hypermarkets dominate as distribution channels for organic packaged food in the U.S., with a 72% share of market sales.
The market study is being classified by Type (Organic Fruit Snacks and Inorganic Fruit Snacks), by Application (Adults and Kids) and major geographies with country level break-up.
The global packaged fruit snacks market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Packaged Fruit Snacks market throughout the predicted period.
General Mills (United States), Kellogg (United States), SunOpta (Canada), Sunkist Growers (United States), Welch Foods Inc. (United States), Flaper (Spain), Bare Foods (United States), Crispy Green (United States), Crunchies Natural Food (United States) and Mount Franklin Foods (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Nourish Snacks (United States), Nutty Goodness (United States), Peeled Snacks (United States), Tropical Foods (United States) and WhiteWave Foods (United States).
AdvanceMarketAnalytics has segmented the market of Global Packaged Fruit Snacks market by Type, Application and Region.
On the basis of geography, the market of Packaged Fruit Snacks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fruits Flavour, the sub-segment i.e. Pineapples will boost the Packaged Fruit Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Packaged Fruit Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Rigid Plastics will boost the Packaged Fruit Snacks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In Apr 2019, The Ferrero Group announced the acquisition of cookie, fruit-flavored snacks business from Kellogg Company. Through this agreement, Ferrero entered in new Strategic product categories to strengthen its position in the North American market.
In Jun 2019, Bare Snacks announced the launch of baked fruit and coconut blends. These are available in two verities including bare medley pineapple chips, coconut chips & Strawberry Chips. These are without any preservatives and baked not fried.
- Increase Production of Fruit Snacks
- Increase Adoption of Organic Fruit Snacks
- Rising Preference for Online Shopping
- The rise in Demand for Nutrition-Rich Processed Foods
- Changing Consumers Lifestyles
- Rise of Personalized Nutrition
- Technological Advancement in the Cold Chain Industry
- Increase Number of Production Companies in Emerging Countries
- Rising Cost of Packaging Raw Materials
- Rapid Changes in Packaging Technology
- Processed Food Being Perceived As Harmful To Health
- Fluctuations in Raw Material Costs
Analyst ViewTo study the market, we approach the market from the business side. Major players are continuously investing in organic fruit snacks. The top players in snacks market are moving towards fruit snacks due to growing concern towards healthy evening snacks especially by kids.
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Packaged Fruit Snacks Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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