Sales of Fruit Snacks Market to Reach a Value Pool of Over US$ 9 Bn by 2027 end Fruit Snacks market research study in brief The business intelligence study for the Fruit Snacks market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industryspecific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4476 The global fruit snacks market is poised to grow at an impressive CAGR of over 8.5% and is estimated to reach a value pool of over US$ 9 Bn by the end of the forecast period (2019-2027). Although breakfast foods and energy drinks have gained precedence among the masses, fruit snacks are becoming popular and their consumption will continue to grow at a steady clip. Health foods are no longer a niche group, as they are starting to incorporate more mainstream food trends. Key Trends of Fruit Snacks Market
When it comes to heightened global sales of fruit snacks, consumer awareness and preferences are further accompanied by an increasing number of government initiatives North America had an overall market share of more than 25%. Increasing millennial propensity for convenience foods with a high nutritional quotient will drive the fruit snacks market in this area
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Asia Pacific will be the most lucrative region for the fruit snacks market during the forecast period with a growth rate of over 5.5%. Growing fears about high sugar intake, artificial ingredients and dissatisfaction with daily indulgence is causing Asian consumers to shift towards fruit snacks Beverages comprised over 35% of the overall market share. A rapid increase in functional drink consumption due to increased health concerns will drive the market for fruity beverages such as juice and smoothies in the forecast timeline Mainstream stores hold a dominant market share for fruit snacks. An increasing number of modern retail outlets across all regions, including supermarkets and hypermarkets, etc., will support the segmental share for mainstream distribution channels E-commerce giants are including active food catalogs on their websites, which again provide more exposure to food snack products because they do not have to compete for a physical space on the grocery shelves