Asia Pacific Low Sugar Fruit Snacks Market By Product (fruit bars, dried tropical fruit, fruit roll-ups, and others), By distribution channels (hypermarkets & supermarkets, convenience stores, online retailers, and Other Distribution Channels), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Low Sugar Fruit Snacks Market would witness market growth of 12.1% CAGR during the forecast period (2021-2027).
Low sugar fruit snacks are a category of snacks that are sweet in taste and are made by using different fruits. These kinds of snacks offer a wide range of health benefits for the consumers and provide numerous nutrients like potassium, fiber and others. In addition, these snacks are available in various forms, design and color that sometimes signifies the fruit used in making these products.
The growing demand for numerous nutritional ingredients in food & beverages, sweets, dairy products, and the savory segment is anticipated to accelerate the growth of the low sugar fruit snacks market over the forecast period.
The rapid pace of urbanization has resulted in the hectic schedule of the consumers, which is estimated to surge the demand for various snacks in the region including low sugar fruit snacks. In addition, the increasing disposable income of the consumers is encouraging them to spend on healthy food products to maintain their overall health. The growing population of health-conscious people across emerging nations like India and China is fueling the demand and growth of the regional market. Further, the growing popularity of on-the-go or convenience food products as they give more nutrients with fewer efforts would spur the growth of the regional market.
The China market dominated the Asia Pacific Low Sugar Fruit Snacks Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $260.1 Million by 2027. The Japan market is estimated to grow at a CAGR of 13.1% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 13.1% during (2021 - 2027).
Based on Product, the market is segmented into fruit bars, dried tropical fruit, fruit roll-ups, and others. Based on distribution channels, the market is segmented into hypermarkets & supermarkets, convenience stores, online retailers, and Other Distribution Channels. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., Nestle S.A., Danone, S.A., Ferrero Group, Calbee, Inc., Tyson Foods, Inc., Chaucer Foods Ltd. (Pilgrim Food Group PLC), Welch Foods, Inc., and WALLAROO.
Scope of the Study
Market Segments Covered in the Report:
- Fruit Bars
- Dried Tropical Fruit
- Fruit Roll-Ups
By Distribution Channels
- Hypermarkets & Supermarkets
- Convenience Stores
- Online Retailers
- Other Distribution Channels
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- PepsiCo, Inc.
- Nestle S.A.
- Danone, S.A.
- Ferrero Group
- Calbee, Inc.
- Tyson Foods, Inc.
- Chaucer Foods Ltd. (Pilgrim Food Group PLC)
- Welch Foods, Inc.
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