The Latin America, Middle East and Africa Fruit Snacks Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030).
People's hectic lifestyles have led to an increase in on-the-go snacking habits. Additionally, consumers prefer convenient and nutritious snacking. Fruit snacks are the best to suit the function in this circumstance. Various candies, such as apple and grape juice candies, are included in the fruit snacks. In addition, this market is crowded with both large and small players, making it competitive. Players are concentrating on the quality of the fruit snacks due to the intense competition, which has led to several developments in the market.
It is predicted that an increase in demand for food products high in fiber and rising demand for essential vitamins & minerals would drive market expansion in the food aisles. The market = is being shaped by the rising trend of a healthy diet because of the introduction of nutritional products. The requirement for on-the-go food has increased. These new healthy fruit snack products are being introduced to fulfill it.
Fruits have numerous health advantages, whether fresh or processed, such as in fruit salad and fruit sandwiches. For instance, oranges are a good source of vitamin C, which is crucial for the growth and repair of bodily components. Additionally, it aids in wound healing and cartilage maintenance. These health advantages motivate consumers to consume fruit snacks, thereby increasing market demand for these food items.
As per USDAH, with the opening of large-scale hypermarkets, supermarkets, convenience stores, online retailers, and home delivery services serving a rising population, the food retail segment in the United Arab Emirates has risen quickly during the last ten years. Urban areas have established large malls and top tier shopping destinations, contributing to the retail landscape. The food retail industry serves an increasingly tech-savvy global population. Due to increased innovation, e-commerce sales of food &and beverages increased by 25% in 2021 to $515 million and are projected to rise by more than 23% in 2022. This increasing lean towards healthy ready-to-eat foods are anticipated to surge the market expansion in the region.
The Brazil market dominated the LAMEA Fruit Snacks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $429.3 million by 2030. The Argentina market is experiencing a CAGR of 9.9% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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