Global Fruit Snacks Market share is propelled by factors such as rising
health concerns, busy & hectic lifestyle and unhealthy eating habits in
youngsters. Government initiatives such as marketing of products via brand
ambassadors, conducting various health/food seminars and availability of food
guide at hospitals, medical and other stores will further strengthen industry
expansion. Increasing consumer awareness towards healthy eating habits, that
aids in digestion, improved memory, heart health and stroke prevention will
boost the demand for fruit snacks market. Expanding government interventions in
the industry to promote health and wellness of the consumers will foster the
industry share.
Increasing obesity epidemic and other
related diseases such as diabetes and hypertension has led to stringent
regulations by the government worldwide on food safety and consumption
patterns. For instance, government of Spain has notified its plans to cut
sugar, salt and fat content in over 3,500 food and beverage products in next
three years. Also, Coke and PepsiCo have decided to reduce the sugar content in
their carbonated beverages and juices in India by 2025. Owing to this, demand
for snacks with low sugars & low carbohydrates and salts and rich in fiber
will stipulate the business expansion.
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Considering consumer comfort and
preference and to sustain profits, manufacturers are approaching with
innovative and ease in packaging of products along with increasing product
affordability and availability in nearby stores. Most of the products are stored
in disposable plastic packaging that does not need to be refrigerated;
therefore, they can be taken nearly anywhere.
Increasing purchasing power coupled
with other factors such as increasing living standards, rising disposable
income and changing trends towards convenience foods habits will boost the
demand for vigorous food products in the market. Also, easy digestive
properties are making the product popular among adults and working women,
supporting the product demand. Additionally, growing demand for organic &
non-GMO products and increasing number of all vegan consumers will further lift
the industry share. For instance, according to the vegan society, vegan
population in UK accounted for 600,000 in 2018.
Global fruit snacks market from dairy
is expected to witness over 8% CAGR up to 2025 in terms of volume. Increasing
demand for protein rich foods coupled with growing number of organic product
consumers will drive the fruit snacks market in dairy segment. Snacks such as
flavored milk, yogurt, among others helps in increasing the energy levels and
physical performance. Factors such as rich nutrients, convenience to consume
and taste positively influences the consumption of dairy products. Increasing
demand for dairy snacks in emerging economies owing to rising demand for
nutritious foods will propel the industry growth.
Fruit Snacks Market from banana is
expected to register over USD 1 billion by 2025. Bananas are rich in nutrients
and helps control blood sugar levels and improve digestive health and are used
to prepare variety of products including breads, jams, purees, jam, sauce,
confectionary and other snacks. Rising demand for overall fruit snacks will
propel the demand. India holds largest share in banana production accounting to
29.19% according to FAO. Increasing production and trade in the global scenario
will propel the business expansion.
Fruit snacks market through online
retailers is expected to register over 9% CAGR up to 2025 in terms of revenue.
Increasing number of internet users coupled with emergence of innovative
technologies has surged the online consumption. Factors such as buying
convenience, less time requirement and availability of hefty options will
support the market expansion. Shifting consumer preferences towards healthy and
premium snacks are turning consumers towards online retail owing to their
availability on distribution channel will prosper the industry expansion.
Asia Pacific holds around 12% share
in global fruit snacks market in 2018. Key factors including increasing income,
population growth, technological advancement and digital revolution will drive
the fruit snacks market in the region. Emerging economies such as China and
India play an important role in terms of production and consumption owing to
changing lifestyle, rapid urbanization and rising working population. Greater
demand for ready-to-eat and convenience foods will drive the fruit snacks
market.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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