Authored By: Sarah
08 Sep 2021

Packaged Fruit Snacks: Top Drivers that will Enable COVID-19 Recovery

Synopsis of Growth Drivers with Market Forecast 2020-2024

The Packaged Fruit Snacks Market is projected to post an incremental growth of $ 2.54 bn, at a CAGR of almost 9% till 2024. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Packaged Fruit Snacks Market: What are the factors that will drive market growth?

Technavio has identified  changing food consumption patterns as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Packaged Fruit Snacks Market Size to Grow by $ 2.54 Billion During 2020-2024

Packaged Fruit Snacks Market: Growth Segments

This report provides a detailed analysis of the market by Product (Sweet and savory packaged fruit snacks, Beverage-type packaged fruit snacks, Dairy-type packaged fruit snacks, and Others) and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Packaged Fruit Snacks Market: Chaucer Foods Ltd., Crispy Green Inc. , Ferrero International SA, General Mills Inc., Mount Franklin Foods LLC, Nutty Goodness LLC, PepsiCo Inc., Sunkist Growers Inc., SunOpta Inc., and Welch Foods Inc. are some of the leading competitors

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  Chaucer Foods Ltd., Crispy Green Inc. , Ferrero International SA, General Mills Inc., Mount Franklin Foods LLC, Nutty Goodness LLC, PepsiCo Inc., Sunkist Growers Inc., SunOpta Inc., and Welch Foods Inc. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 9%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.54 bn through 2020-2024.
     
  3. What is a key factor driving this market?
    changing food consumption patterns will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    33% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Chaucer Foods Ltd., Crispy Green Inc. , Ferrero International SA, General Mills Inc., Mount Franklin Foods LLC, Nutty Goodness LLC, PepsiCo Inc., Sunkist Growers Inc., SunOpta Inc., and Welch Foods Inc.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Sweet and savory packaged fruit snacks, Beverage-type packaged fruit snacks, Dairy-type packaged fruit snacks, and Others) and Geography (North America, Europe, APAC, South America, and MEA)

Packaged Fruit Snacks Market Size to Grow by $ 2.54 bn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the packaged fruit snacks market and it is expected to grow by $ 2.54 bn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Packaged Fruit Snacks Market: Emerging Trends to Impact Market Growth

High demand for low-calorie snacks to emerge as a key trend in the industrial packaged fruit snacks market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Top Drivers for Packaged Fruit Snacks Market Size to Grow by $ 2.54 Billion During 2020-2024

Packaged Fruit Snacks Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Chaucer Foods Ltd., Crispy Green Inc. , Ferrero International SA, General Mills Inc., Mount Franklin Foods LLC, Nutty Goodness LLC, PepsiCo Inc., Sunkist Growers Inc., SunOpta Inc., and Welch Foods Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the Global Packaged Fruit Snacks Market and is expected to grow by USD 2.54 billion progressing at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Top Drivers for Packaged Fruit Snacks Market Size to Grow by $ 2.54 Billion During 2020-2024

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33% of the market’s growth will originate from APAC during the forecast period, with China being the key markets for packaged fruit snacks market  in APAC. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the packaged fruit snacks market market size.

Factors such as changing food consumption patterns, high demand for low-calorie snacks, and growing product availability through retail chains will offer immense growth opportunities. However, a rise in demand for fresh fruits, fluctuations in raw material costs, and processed food being perceived as harmful to health may impede market growth.The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Packaged Fruit Snacks Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Chaucer Foods Ltd., Crispy Green Inc. , Ferrero International SA, General Mills Inc., Mount Franklin Foods LLC, Nutty Goodness LLC, PepsiCo Inc., Sunkist Growers Inc., SunOpta Inc., and Welch Foods Inc.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Packaged Fruit Snacks Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Packaged Fruit Snacks Market growth during the next five years
  • Precise estimation of the Packaged Fruit Snacks Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged fruit snacks industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Packaged Fruit Snacks Market vendors

 

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