250 Pages Fruit Snacks Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Fruit Snacks. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Fruit Snacks Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Fruit Snacks market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Fruit Snacks
The global fruit snacks market is estimated to grow at a positive CAGR of over 8.5% during the forecast period (2019-2027) and reach a valuation of over US$ 9 Bn. Fruit snacks have been largely considered a traditional segment, but over the last decade in particular, converging trends have given rise to an explosion in newer forms and variants of ‘fruit snacks’.
The growth of the fruit snacks market is driven by increased product innovations across the global snacking industry offering exclusive taste and focused on health amendments. The rising demand for essential vitamins and minerals to boost immunity along with improved demand for fiber-enriched products will propel the fruits snacks market to greater heights.
Changing customer tastes & preferences, ease of availability of exotic fruits and increased production underpinned by favorable trade policies would lead to the expansion of the market.
This newly published and insightful report sheds light on Market Insights of Fruit Snacks, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Fruit Snacks Market.
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Global fruit snacks Market: In-Depth Assessment on Key Segments
The global fruit snacks market is segmented on the basis of nature, product type, distribution channel and region.
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Key Takeaways of Fruit Snacks Market
- When it comes to heightened global sales of fruit snacks, consumer awareness and preferences are further accompanied by an increasing number of government initiatives
- North America had an overall market share of more than 25%. Increasing millennial propensity for convenience foods with a high nutritional quotient will drive the fruit snacks market in this area
- Asia Pacific will be the most lucrative region for the fruit snacks market during the forecast period with a growth rate of over 5.5%. Growing fears about high sugar intake, artificial ingredients and dissatisfaction with daily indulgence is causing Asian consumers to shift towards fruit snacks
- Beverages comprised over 35% of the overall market share. A rapid increase in functional drink consumption due to increased health concerns will drive the market for fruity beverages such as juice and smoothies in the forecast timeline
- Mainstream stores hold a dominant market share for fruit snacks. An increasing number of modern retail outlets across all regions, including supermarkets and hypermarkets, etc., will support the segmental share for mainstream distribution channels
- E-commerce giants are including active food catalogs on their websites, which again provide more exposure to food snack products because they do not have to compete for a physical space on the grocery shelves
“Shifting consumer preference for easy and balanced snacking choices supported by the growing count of supermarkets & hypermarkets is expected to drive the global fruit snacks market” says the Fact.MR analyst
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More Valuable Insights on Fruit Snacks Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Fruit Snacks, Sales and Demand of Fruit Snacks, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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