New York, According to a new market research report published by Global Insight Services “Fruit Snacks Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Fruit snacks are small, bite-sized pieces of fruit that are typically dried and packaged in small bags or boxes. They are a popular snack food and are often eaten as a healthy alternative to sugary snacks such as candy or cake. Fruit snacks are made from a variety of fruits, including apples, bananas, grapes, and strawberries.
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Key Trends
The fruit snacks industry is constantly evolving as new technologies emerge. Some of the key trends in fruit snacks technology include:
1. Increased shelf life: One of the key challenges for fruit snack manufacturers is to increase the shelf life of their products without using preservatives. This is important in order to meet the demands of consumers who are increasingly interested in healthy and natural products. New technologies such as high pressure processing (HPP) and pulsed electric field (PEF) can help to extend the shelf life of fruit snacks without the need for preservatives.
2. Improved nutrition: Another key trend in fruit snack technology is the development of products that are more nutritious than traditional snacks. This is important in order to meet the needs of consumers who are looking for healthier snack options. Some of the ways in which manufacturers are improving the nutrition of fruit snacks include using fortified ingredients, adding vitamins and minerals, and using fruit and vegetable purees as a base.
3. Natural and organic: As consumers become more interested in healthy and natural products, manufacturers are responding by offering more fruit snacks that are made with natural and organic ingredients. This is important in order to meet the demands of consumers who are looking for healthier snack options.
Key Drivers
There are a few key drivers of the fruit snacks market. Firstly, the health and wellness trend is driving demand for healthier snack options, and fruit snacks fit into this category.
Secondly, fruit snacks are convenient and portable, making them a popular choice for on-the-go snacking.
Thirdly, fruit snacks are perceived as being a healthier alternative to other types of snacks such as candy or chips.
Finally, fruit snacks are often viewed as a treat or a indulgence, which makes them a popular choice for gifting.
Market Segmentation
The Fruit Snacks Market is segmented by type, fruit family, distribution channel, and region. On the basis of type, the fruit snacks market is segmented into sweets and savoury, beverages, dairy, and others. On the basis of fruit family, the fruit snacks market is segmented into apple, mango, banana, and others. Based on distribution channel, the fruit snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retailing, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Fruit Snacks Market are Bare Snacks, Crispy Green Inc., General Mills Inc., Ferrero, Mount Franklin Foods, LLC, Nutty Goodness, LLC, Seneca Foods, Sunkist Growers, Inc., SunOpta and Welch.
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Reasons to buy Fruit Snacks Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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