Fruit Snacks Market share to exceed $ 8 Billion by 2025: Global Market Insights Inc. The research report Global Fruit Snacks Market Size By Type (Sweets & Savoury [Freeze Dried, Extruded Strips, Others], Beverages, Dairy), By Fruit Family (Apple, Mango, Banana, Pineapple, Berry, Mixed), By Distribution Channel (Mainstream Stores, Specialist Stores, Online Retailers), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025 says, Global Pea Starch Market is set to surpass USD 8 Billion by 2025 One of the most diverse and significant components applicable in several end-use industries, fruit snacks market has witnessed unprecedented growth over the past several years. The importance of healthy snacks made with real fruit and vegetable juice, distinct flavors, and fruit concentrates are becoming an acceptable addition to children’s lunchboxes and favorable choice among many working mothers. Increased preference for products with add-on flavors has helped expand food production and will offer a tremendous boost to the thriving fruit snacks industry.
A large number of consumers today are no longer prioritizing traditional mealtimes and have developed interest in snacking at unplanned intervals throughout the day. According to a 2018 survey, 92% of Americans say that they look for a snack in place of opting for a breakfast of meal. With rising inclination towards trusted brands, healthy snacks are complementing the consumer’s health-conscious mindset and will certainly stimulate manufacturers to boost product output, inadvertently benefiting fruit snacks industry outlook. Innovative approach towards product development has emerged as one of the prominent driving factors for the advancements in food industry. For instance, in 2018 companies had invested $1.8 billion in new product launches in snack foods and sweets. Products which are newly launched and are in demand include gluten-free cookies, high energy granola snacks, savory extruded snacks, and a new twist on old favorites. Subsequently, consumption of organic products and shifting of consumer preferences towards nutritious and premium snacks will immensely transform fruit snacks market dynamics in the near future. Many regional contenders and start-ups are adopting ways to focus on implementing new strategies, discover appealing flavors, and exploring innovative fruit blends to gain traction in the market. Welch had rolled out its new Superfruit Mix fruit snacks recently which contained blends of starfruit-kiwi, pomegranate-passionfruit, dragonfruitblackberry, and goji–apricot. The company is consistently looking to offer more innovative fruit snacks choices for its consumers.. 1|Page