The Asia Pacific Fruit Snacks Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
The ingredients used in the processing and production of the snacks include corn syrup, sugar, fruit concentrate, water, gelatin, and various natural and artificial flavors. Some popular fruit snacks include smoothies, fruit chunks, dips, popsicles, fruit sandwiches, drinkable jellies, flavored gummies, and jelly strips. Additionally, they are enriched with extra vitamins, minerals, and other nutrients necessary for a healthy diet. They offer better storage convenience, a longer shelf life, and more nutritional value than conventional gelatin-based snacks.
One of the primary elements driving a positive outlook for the market is the food & beverage industry's rapid expansion, along with consumers' growing preference for ready-to-eat (RTE) snacks and convenience food products. The public's growing awareness of health issues promotes market expansion. Fruit snacks help to reduce the risks of acquiring diabetes, high blood pressure, cardiovascular diseases (CVDs), and disorders associated with obesity. By this the market is expanding due to the rising demand for functional foods & drinks, along with processed foods that are high in nutrients.
According to the National Family Health Survey (NFHS-4) for 2015-16, 5.8% of Indian women and 8.0% of Indian males aged 15-49 have blood sugar levels exceeding 140 mg/dL. The causes responsible for the growth in diabetes prevalence are unhealthy dietary habits, a lack of physical exercise, the dangerous use of alcohol, being overweight or obese, and smoking. China has the greatest prevalence of Diabetes, as reported by the seventh edition of the International Diabetes Federation (IDF) Diabetes Atlas (11.43 cr.). Hence, the market growth is expected to boost in the Asia Pacific region during the projection period due to cases of diabetes.
The China market dominated the Asia Pacific Fruit Snacks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.0 billion by 2030. The Japan market is anticipated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would experience a CAGR of 8.7% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online and Others. Based on Product, the market is segmented into Freeze Dried Fruits, Soft Chews, Fruit Roll-ups, Fruit Bars and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on Fruit Type, the market is segmented into Berries, Mixed, Pineapple, Banana, Mango, Apple and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fruit Snacks Market is Projected to reach USD 23.9 Billion by 2030, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Seneca Foods Corporation, General Mills, Inc., SunOpta, Inc., Kellogg Company, Keurig Dr Pepper, Inc., Mount Franklin Foods, LLC, Welch Foods, Inc., Sunkist Growers, Inc., Crispy Green, Inc., Chaucer Foods Ltd. (Pilgrim Food Group PLC).
By Distribution Channel
By Product
By Nature
By Fruit Type
By Country
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