The global Low Sugar Fruit Snacks market size is expected to be worth around US$ 8.0 billion by 2030, according to a new report by Vision Research Reports.
The global Low Sugar Fruit Snacks market size was valued at US$ 2.9 billion in 2020 and is anticipated to grow at a CAGR of 10.7% during forecast period 2021 to 2030.
|Market Size||US$ 8.0 billion by 2030|
|Growth Rate||CAGR of 10.7% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Distribution Channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Calbee, Inc.; Tyson Foods, Inc.; Danone S.A; Welch's; Kellogg NA Co.; PepsiCo; Chaucer Foods Ltd.; Nestle S.A.; WALLAROO; BEAR|
The rising demand for essential vitamins and minerals to boost immunity, along with the improved demand for fiber-enriched products, is expected to propel market growth over the forecast period. The outbreak of the COVID-19 pandemic has contributed to the strong demand for vegetarian, gluten-free, and meat-free low sugar snacks. An increasing number of consumers are staying at home, which has led to an increased inclination toward weight management and personal health.
The growing demand for healthy eating among consumers is anticipated to drive the market over the forecast period. Furthermore, rising health and wellness concerns, combined with busy lives, are expected to fuel these altering dietary preferences and amplify industry growth throughout the projected period.
By Product Analysis
Fruit bars held the largest revenue share of over 40.0% in 2020 and are expected to maintain their lead over the forecast period. Greater nutritional value of fruit bars than fruits, as nutrients are concentrated, emerged as a convenient food assortment.
Consumers prefer fruit bars with more flavor, followed by suitable textural qualities, which is achieved by balancing components, selecting the right manufacturing steps, and controlling the product's ultimate moisture level.
The dried tropical fruit segment is projected to register the fastest growth rate from 2021 to 2030. The rising health concerns and healthy eating habits among millennials are driving the market.
Dried tropical fruits have been gaining popularity among diet-conscious consumers with the increasing spending on product innovation in this category. According to the international tropical fruits network, with the increased papaya and pineapple production,
By Distribution Channel Analysis
The hypermarket and supermarket segment held the largest revenue share of over 36.0% in 2020. Hypermarkets and supermarkets attract a large number of consumers and are usually located in the central parts of the city.
An increasing number of modern retail outlets across all the regions will support the segment growth. For instance, the Indian government approved 51% FDI on multiband retail and 100% FDI on single-brand retail, which has prompted the interest of industry participants in this sector.
The online retailers segment is projected to register the fastest CAGR of 11.2% during the forecast period. Increasing penetration of smartphones and improved logistics infrastructure have been fueling the growth of this distribution channel across the globe.
By Regional Analysis
North America captured the largest revenue share of over 30.0% in 2020. The increasing inclination of millennials towards low sugar convenience foods that have a high nutritional portfolio will fuel the market growth in this region.
Asia Pacific is expected to register the highest CAGR of 10.7% from 2021 to 2028. The market in the region is mainly driven by economies such as China and India.
This region holds a potential growth opportunity due to the increasing per capita consumption and the expanding population. Furthermore, a growing number of middle-class households and rising health consciousness among the consumers are expected to stimulate the product demand.
Tyson Foods, Inc.
Kellogg NA Co.
Chaucer Foods Ltd.
Dried Tropical Fruit
By Distribution Channel
Hypermarket & Supermarket
Central & South America
Middle East & Africa
The Low Sugar Fruit Snacks market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Low Sugar Fruit Snacks market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Low Sugar Fruit Snacks market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Low Sugar Fruit Snacks market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Low Sugar Fruit Snacks market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Low Sugar Fruit Snacks capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Low Sugar Fruit Snacks by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Low Sugar Fruit Snacks market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Low Sugar Fruit Snacks market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Low Sugar Fruit Snacks market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Low Sugar Fruit Snacks industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Low Sugar Fruit Snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Low Sugar Fruit Snacks market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Low Sugar Fruit Snacks market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Low Sugar Fruit Snacks market. These factors have benefited the growth of the global market for Low Sugar Fruit Snacks. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Low Sugar Fruit Snacks. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Low Sugar Fruit Snacks are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
Smart Toys Market (By Product: Interactive Games, Robots, Educational Robots; By Distribution Channel: Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Fermented Tea Market (By Product: Kombucha, Pu-Erh Tea, Other dark teas; By Distribution Channel: Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Pressure Relief Mattress Market (By Type: Solid-filled Mattress, Air-filled Mattress, Fluid-filled Mattress; By Distribution Channel: Direct Sales, Indirect Sales) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030Read more...
Foot Mask Market (By Product: Exfoliation, Whitening and Moisturizing; By Distribution Channel: Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030Read more...
Baby Powder Market (By Product: Talc-based, Talc-free; By Distribution Channel: Online, Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030Read more...