The Latin America, Middle East and Africa Low Sugar Fruit Snacks Market would witness market growth of 11.5% CAGR during the forecast period (2021-2027).
The rising consumer spending on nutritional products would further support the demand and growth of the low sugar fruit snacks market over the forecast period. The growing acceptance of a broad range of snacking products such as low sugar fruit snacks by the majority of the population is contributing to the growth of the market. Many fruit snacks including fruit candies are witnessing a high penetration in the market across the world. This popularity is attributed to the numerous health benefits offered by these products.
There is a wide availability of numerous tropical fruits across various nations of the region, which is estimated to support the growth of the regional market. In addition, according to WHO, the number of people having diabetes has spiked from 108 million in 1980 to 422 million in 2014, which would surge the demand and growth of the regional low sugar fruit snacks market over the forecast period. Additionally, the untapped potential, wide availability of raw materials and cheap labor cost across various African countries would motivate key companies to enter this region.
The Brazil market dominated the LAMEA 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 $103.2 Million by 2027. The Argentina market is poised to grow at a CAGR of 12.4% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 10.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Low Sugar Fruit Snacks Market is Predict to reach $3,785.9 million by 2027, at a CAGR of 10.8%
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.
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