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The packaged fruit snacks market size is forecast to increase by USD 3.86 billion at a CAGR of 9.45% between 2023 and 2028.
Market is experiencing significant growth, driven by several key factors. Firstly, changing food consumption patterns, with consumers increasingly seeking healthier and more convenient food options. Secondly, the rise in disposable income and change in lifestyle have led to an increased demand for fresh fruits and fruit snacks as a quick and nutritious snack alternative. Additionally, advancements in packaging technology have enabled the extension of fruit snacks' shelf life, making them a more viable option for consumers. Market trends indicate continued growth in this sector, with a focus on innovation and product differentiation to cater to evolving consumer preferences.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is witnessing significant growth due to the increasing consumer preference for healthy and functional foods. Fruit snacks are rich sources of vitamins and minerals, making them an ideal choice for health-conscious consumers. The market encompasses a wide range of products, including fruit juice, pineapple chunks, fruit concentrates, popsicles, fruit sandwiches, drinkable jellies, smoothies, and fruit dips. These snacks are available in various forms, such as jelly strips, flavored gummies, and fruit chunks, catering to diverse consumer preferences. The market for packaged fruit snacks is expanding in convenience stores and discount stores, driven by the increasing number of consumers seeking convenient and affordable options.
Furthermore, the market for packaged fruit snacks is witnessing a shift towards organic, plant-based, and protein-rich options. Natural flavors are increasingly replacing artificial flavors, and water is replacing dairy as a base ingredient in many fruit snacks. These trends reflect the growing consumer demand for healthier and more natural snack options. Online retailers are also playing a significant role in the growth of the market.
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The offline segment was valued at USD 4.14 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is witnessing significant growth due to the increasing demand for convenient and healthy snacking options. Brands like Peeled Snacks, Tropical Foods, and WhiteWave Foods are leading this trend with fiber-enriched products that cater to consumers' health-conscious preferences. These snacks often contain essential minerals such as Potassium and Magnesium, as well as Vitamin A, which contribute to heart health and help prevent cardiovascular diseases, high blood pressure, weight diseases, obesity, and diabetes. Peaceful Fruits and Woodstock Farms are other notable players in this market, offering a wide range of tropical fruits and organic options to meet diverse consumer needs.
Consumers are increasingly seeking out these snacks as a healthier alternative to traditional sugary and processed snacks.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Changing food consumption patterns is the key driver of the market.
Rise in disposable income and change in lifestyle. is the upcoming trend in the market.
The rise in demand for fresh fruits is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Fruit snacks have emerged as a popular choice in the snack market, offering consumers a tasty and convenient alternative to traditional sweets. These snacks are rich in vitamins and minerals, making them a preferred option for those seeking healthy and functional foods. The fruit snacks market encompasses a wide range of products, including fruit juice, pineapple chunks, popsicles, fruit sandwiches, drinkable jellies, smoothies, fruit dips, jelly strips, flavored gummies, and more. Some fruit snacks are made with natural flavors, while others contain artificial flavors. Organic and plant-based fruit snacks are gaining popularity due to their health benefits and appeal to consumers seeking clean-label products.
Additionally, protein-rich fruit snacks are also gaining traction as part of weight management and muscle building diets. Fruit snacks cater to various health concerns, such as digestive health and cardiovascular illnesses. Obesity is a significant concern driving demand for low-calorie and low-sugar options. Major players in the market include General Mills, Nourish Snacks, Nutty Goodness, and Paradise Fruits, among others. Fruit snacks are available at convenience stores, supermarkets, online retailers, and through dairy and beverage channels. Sweet and savory fruit snacks, such as fruit sandwiches and fruit dips, cater to diverse consumer preferences. The market is expected to continue growing as consumers seek convenient, healthy, and flavorful snacking options.
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
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Market growth 2024-2028 |
USD 3.86 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.42 |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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