Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) -- The "Global Low Sugar Fruit Snacks Market by Product (Dried Tropical Fruit, Fruit Bars, Fruit Roll-ups), Distribution Channel (Convenience Store, Hypermarket & Supermarket, Online Retailers) - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Low Sugar Fruit Snacks Market is experiencing robust growth and is projected to reach a substantial valuation of USD 2.14 billion by 2030. Here are some key insights and highlights from the report:
Market Growth: The market size for Low Sugar Fruit Snacks was estimated at USD 1.02 billion in 2022, USD 1.12 billion in 2023, and is projected to grow at a CAGR of 9.70% to reach USD 2.14 billion by 2030.
Market Segmentation: The report analyzes the market based on product type and distribution channels. The key segments are as follows:
- Product: The market includes various product types, such as Dried Tropical Fruit, Fruit Bars, and Fruit Roll-ups. The "Fruit Bars" segment is expected to witness significant market share during the forecast period.
- Distribution Channel: The distribution channels studied include Convenience Stores, Hypermarkets & Supermarkets, and Online Retailers. The "Hypermarket & Supermarket" segment is projected to witness significant market share during the forecast period.
Regional Insights: The report provides a regional breakdown, covering the Americas, Asia-Pacific, and Europe, Middle East & Africa. Notably, the Asia-Pacific region is expected to witness significant market share during the forecast period.
Market Dynamics
Drivers
- Rapid inclination towards healthy food products
- Increasing awareness about health and wellness
- Growing prevalence of diabetes patients across the globe
Restraints
- Concern regarding the efficacy of low-sugar fruit snacks
Opportunities
- Introduction of innovative and novel low-sugar fruit snacks
- Attractive promotional activities and effective endorsement
Challenges
- Quality issues and counterfeit products
Competitive Landscape:
- Calbee, Inc.
- CeCe J's Snacks
- Chaucer Foods Ltd. by Nagatanien
- Crispy Green
- Ferrero Group
- General Mills
- Hershey Foods Corporation
- Lotus Bakeries North America Inc.
- Mount Franklin Foods
- Nestle S.A.
- PepsiCo
- Sunkist Growers, Inc.
- Tyson Foods, Inc.
- Wallaroo
- Welch's
Market Penetration, Development, Diversification: The report provides information on market penetration, development, and diversification strategies, as well as competitive assessments and intelligence.
Product Development & Innovation: The report also offers insights into future technologies, R&D activities, and breakthrough product developments in the Low Sugar Fruit Snacks market.
This report serves as a valuable resource for organizations and stakeholders seeking to make informed and strategic decisions in the dynamic Low Sugar Fruit Snacks market. It provides a detailed understanding of the market landscape and helps in identifying opportunities for expansion and success. Don't miss out on the potential opportunities in this growing market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.12 Billion |
| Forecasted Market Value (USD) by 2030 | $2.14 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/35djxv
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
