Fruit Snacks Market Research Report 2021-2031
The fruit snacks market size is projected to reach US$ 11.69 billion by 2031 from US$ 7.04 billion in 2023. The market is expected to register a CAGR of 6.5% in 2023–2031. The fruit snacks market is experiencing substantial growth driven by the increasing demand for healthy food and snack options. The developments in the fruit snack market are attributed to the rise of the health and wellness trend, leading to a preference for low-calorie and nutrient-rich snacks. The market is witnessing a surge in the demand for clean-label and natural fruit snacks and innovative flavor offerings. The convenience of fruit snacks and their availability in various retail channels further contribute to the market's expansion, making it a key area of interest for both consumers and manufacturers.
Fruit Snacks Market Analysis
Fruit snacks are high in nutritional content, and offer several health benefits. The growing demand for guilt-free food and raising awareness for healthy eating habits. Evolving healthy food trends and the launch of fruit snacks as an ingredient are driving the demand for fruit snacks. According to the UK wholesaler Epicurium, the sales of healthy snacks grew by 39% in 2023, compared to 2022. The transition towards healthy eating has encouraged manufacturers are come up with high-quality and fine fruit snacks in the market. For e.g., Nutty Goodness, LLC offers Healthy Apple Chips made from organic fruit and nuts, free from preservatives, wheat, soy, or dairy, gluten, or any added sugars.
Fruit Snacks Market Overview
Fruit snacks are produced using real fruits and processed into several forms such as bars, gummies, rolls, peelers, coated fruits, and beverages, specifically to appeal target customer base. The snacks are manufactured using several fruits such as strawberry, raspberry, orange, pineapple, mango, and blends. Moreover, fruit-based snacks are also produced by adding fruits in beverages or dairy products such as yogurt, and smoothies. The addition of fruits helps in boosting the nutritional content of product, while enhancing its sensory profile. Minimally processed fruit snacks with high content of fruits have essential nutrients such as potassium, vitamins, magnesium, and fiber. The growing demand for on-the-go snacks and the global transition towards healthy eating is expected to fuel the market growth.
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Fruit Snacks Market: Strategic Insights
Fruit Snacks Market
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CAGR (2023 - 2031)
6.5%
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Market Size 2023
US$ 7.04 Billion
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Market Size 2031
US$ 11.69 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Bare Snacks
- Crispy Green Inc
- General Mills Inc
- Ferrero
- Mount Franklin Foods LLC
- Nutty Goodness LLC
- Seneca Foods
- Sunkist Growers Inc
- SunOpta
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Sweets and Savory
- Beverages
- Dairy
- Others
Fruit Family
- Apple
- Mango
- Banana
- Pineapple
- Berry
- Mixed
Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Online
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Fruit Snacks Market: Strategic Insights
-
CAGR (2023 - 2031)6.5% -
Market Size 2023
US$ 7.04 Billion -
Market Size 2031
US$ 11.69 Billion
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- Bare Snacks
- Crispy Green Inc
- General Mills Inc
- Ferrero
- Mount Franklin Foods LLC
- Nutty Goodness LLC
- Seneca Foods
- Sunkist Growers Inc
- SunOpta
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Sweets and Savory
- Beverages
- Dairy
- Others
- Apple
- Mango
- Banana
- Pineapple
- Berry
- Mixed
- Supermarkets and Hypermarkets
- Convenience Store
- Online
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Fruit Snacks Market Drivers and Opportunities
Convenience of Fruit Snacks to Favor Market
The convenience of fruit snacks acts as a significant driver in the market due to their portable packaging, catering to busy lifestyles and on-the-go consumption. Additionally, the ready availability of a variety of processed food products, including fruit snacks, provides quick and easily transportable options, meeting the rising demand for ready-to-eat snacks and convenience food products. Overall, the convenience of pre-packaged fruit snacks aligns with the modern consumer's need for quick, portable, and nutritious snack options, driving the demand for fruit snacks in the market.
Increasing Demand for Clean-Label and Natural Products – An Opportunity
An opportunity in the fruit snacks market lies in the increasing demand for clean-label and natural products. Consumers perceive natural products with healthfulness. According to Glanbia Nutritionals report, 40% of consumers perceive snacks containing no additives/preservatives as healthy snacks, whereas 33% consumers perceive natural ingredients/clean label as top attributes that makes food a healthy product. Additionally, the expanding market for fruit bars in developing countries, driven by changing consumer preferences, signifies further potential for market growth.
Fruit Snacks Market Report Segmentation Analysis
Key segments that contributed to the derivation of the fruit snacks market analysis are type, fruit family, and distribution channel.
- Based on type, the fruit snacks market is divided into gummies and flakes, bars and rolls, beverages, and others. Gummies and flakes segment held a significant market share in 2023.
- In terms of fruit, the market is segmented into apple, mango, banana, pineapple, berry, and others. Berry segment held a significant share in 2023.
- Based on the distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Supermarkets and hypermarkets segment held a significant share in 2023.
Fruit Snacks Market Share Analysis by Geography
The geographic scope of the Fruit Snacks Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific held a significant market share in the fruit snacks market. The growing demand for convenient, novel food options and shifting consumer preferences have led to the expansion of fruit snacks market in the Asia Pacific. One of the key factors fueling the growth of the fruit snacks market in the Asia Pacific is the increasing influence of healthy and guilt-free food trends. The rising penetration of e-commerce across Asian countries has encouraged the key market players to enhance their online presence by selling fruit snacks through Amazon, Walmart, and individual brand websites. Thus, the rise in health awareness is expected to further boost the global fruit snacks market expansion in the coming years.
Fruit Snacks Market Report Scope
Report Attribute | Details |
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Market size in 2023 | US$ 7.04 Billion |
Market Size by 2031 | US$ 11.69 Billion |
Global CAGR (2023 - 2031) | 6.5% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Fruit Snacks Market News and Recent Developments
The fruit snacks market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- Dried fruit snacks brand Rind Snacks launched limited edition Peach Chips. Peach Chips are made from California peaches and added sources of vitamins A and C. The product includes no added preservatives or sugars and is naturally vegan, gluten-free, Koshar certified, and non-GMO verified. (Source: Rind Snacks/Company Website/2022)
- LesserEvil, the better-for-you snack brand, collaborated with Rind Snacks and launched a limited edition Cherry-Lime Popcorn Flavor. The popcorns were made in Coconut oil, and cherry-lime fruit powders were sprinkled. (Source: LesserEvil/Company Website/2022)
Fruit Snacks Market Report Coverage and Deliverables
The “Fruit Snacks Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Fruit Family ; and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States