According to the latest market research study by Technavio, the global packaged dried fruits and fruit snacks market is expected to grow at a CAGR of more than 12% during the forecast period from 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global packaged fruit snacks market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecast for various market segments and all geographical regions.
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The top three revenue contributing product segments are discussed below:
Global sweet and savory packaged fruit snacks market: The increasing demand for low calorie and healthy snacks is driving the growth of this market segment. The high number of health-conscious consumers in countries like the US, the UK, and Canada is contributing to the revenues in the global market. It was estimated that in 2015, the fruit snack bar market in the US was valued at close to USD 800 million.
“The growing demand for processed food with a rich nutritional content will have a positive impact on the global packaged fruit snacks market during the forecast period. “The market is also witnessing an increasing popularity of fruits dipped in chocolate in various countries across the world,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global beverage-type packaged fruit snacks market: The rising preference for fruit-based smoothies as breakfast items will increase the sales in this market segment during the forecast period. Pomegranate, Avocado, and chocolate-peanut butter are the fastest-growing smoothie flavors in the global market. These smoothies are rich in vitamins, fibres, and do not contain any synthetic ingredients. The increasing number of smoothie bars and café that offer fresh fruit juices and smoothies made from local, organic, and seasonal fruits will help in the growth of the market.
Global dairy-type packaged fruit snacks market: The growing demand for fat-free yogurts such as fruit yogurts is the primary driver of this market segment. The availability of various fruit-flavored yogurts with perceived health benefits will increase the sales of these products in the global market during the forecast period.
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The top vendors operating in the global packaged fruit snacks market are:
- General Mills
- Kellogg
- SunOpta
- Sunkist Growers
- Welch’s
The other prominent vendors in the market include Flaper, Bare Foods, Crispy Green, Crunchies Natural Food, Mount Franklin Foods, Nourish Snacks, Nutty Goodness, Paradise Fruits, Peeled Snacks, Tropical Foods, and WHITEWAVE SERVICES.
A more detailed analysis is available in the Technavio report titled, ‘Global Packaged Fruit Snacks Market 2017-2021’. Technavio also customizes reports pertaining to other regions and specific segments upon request.
Other related reports:
- Global Oat-based Snacks Market 2017-2021
- Global Cereal Bars Market 2016-2020
- Global Naturally Healthy Foods Market 2016-2020
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