US Fruit Snacks Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Type (Sweets and Savoury, Dairy and Others), Fruit Family (Apple, Mango, Banana, Pineapple, Berry, Mixed and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retailing and Others) and Country
Market Introduction
Fruit snacks are defined as the processed form of fruits converted into tasty and nutritious snacks. These include strips or bars, gummy bears, candies, chips, and gushers, among others. Other than this, fruit-based snacks are produced by adding fruits in beverages and dairy products such as yoghurt and smoothies to boost its nutritional aspect and enhance its taste. These snacks area rich source of vitamins and minerals, including potassium, magnesium, and are considered healthy for human consumption. Growing demand for healthy and convenience food products along with increasing awareness toward health benefits associated with the consumption of fruits among the population is expected to facilitate the market growth. The per capita consumption of fruit-based snacks is rising tremendously in the US with a shift in consumer lifestyle along with ease of fruit snacks availability across retail stores and online platforms.
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Market Overview and Dynamics
The US fruit snacks market was valued at US$ 1,237.46 million in 2019 and is projected to reach US$ 3,661.41 million by 2027; it is expected to grow at a CAGR of 14.8% from 2020 to 2027.The rising focus toward health among the population coupled with increasing demand for fruit snacks in the country has bolstered the growth of the US fruit snacks market.
Key Market Segments
Based on type, the US fruit snacks market is categorized into sweets and savoury, dairy, and others. In 2019, the sweet and savoury segment held the largest share of the US fruit snacks market. The dominance of the segment is attributed to a shift in consumers lifestyles coupled with inclination toward healthy snacking among children and youth. Further, manufacturers are focusing on launching new products such as gummy bears, drinkable jellies, strips, and bars. These snacks are treated as convenience food items with ample nutrition and taste. Apart from these benefits, they can be conveniently stored and have longer shelf life. With the growing consumer inclination toward fresh and minimally processed convenience products, the demand for fruit snacks is expected to rise in US. Based on fruit family, the US fruit snacks market is categorized into apple, mango, banana, pineapple, berry, mixed, and others. In 2019, the mixed segment dominated the US fruit snacks market. Based on distribution channel, the US fruit snacks market is categorized into supermarkets and hypermarkets, convenience stores, online retailing, and others. In 2019, supermarkets and hypermarkets segment dominated the US fruit snacks market.
Impact of COVID-19
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food & beverages is one of the major industries in the world facing serious disruptions such as supply chain breaks, events cancellations, and office shutdowns as a result of this outbreak.Although, China is the global hub of manufacturing and largest raw material supplier for various industries, it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, and sales of various food & beveragesindustries. The overall market collapse due to COVID-19 is also affecting the growth of the US fruit snacks market due to obstacles in supply chain and downturn in world economy.
Major Sources and Companies Listed
Bare Foods Co.; Crispy Green Inc.; Crispy Green Inc.; Kellogg Company; Mount Franklin Foods, LLC; Nutty Goodness, LLC; Paradise, Inc.; Sunkist Growers Inc.; Welch Foods Inc.; and Materne North America Corp. are among the major primary and secondary sources for the US fruit snacks market included in the report.
Reasons to Buy Report
- Understand the US fruit snacks market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape
- Efficiently plan merger and acquisition, and partnership deals in the US fruit snacks market by identifying segments with the most promising probable sales
- Make knowledgeable business decisions from the perceptive and comprehensive analysis of market performance of various market segments
- Obtain market revenue forecast based on various segments from 2019 to 2027
US Fruit Snacks Market Segmentation
By Type
- Sweets and Savoury
- Dairy
- Others
By Fruit Family
- Apple
- Mango
- Banana
- Pineapple
- Berry
- Mixed
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailing
- Others
Company Profiles
- Bare Foods Co.
- Crispy Green Inc.
- Crispy Green Inc.
- Kellogg Company
- Mount Franklin Foods, LLC
- Nutty Goodness, LLC
- Paradise, Inc.
- Sunkist Growers Inc.
- Welch Foods Inc.
- Materne North America Corp.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Fruit Snacks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 United States
4.3 Expert Opinion
5. Fruit Snacks Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Health Benefits Related to the Consumption of Snacks based on Fruit
5.1.2 Rise in Demand for Convenience Foods
5.2 Market Restraints
5.2.1 Adverse Effect of Artificial Or Synthetic Products present in Fruit Snacks
5.3 Market Opportunities:
5.3.1 New Product launches
5.4 Future Trends:
5.4.1 Growing Demand for Organic, Gluten-Free and Vegan Form of Fruit Snacks
5.5 Impact Analysis
6. Fruit Snacks– United States Market Analysis
6.1 Fruit Snacks MarketOverview
6.2 Fruit Snacks Market–Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Key Market Players
7. US Fruit Snacks Market Analysis – By Type
7.1 Overview
7.2 Fruit Snacks Market, By Type (2019 and 2027)
7.3 Sweets and Savoury
7.3.1 Overview
7.3.2 Sweets and Savoury: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
7.3.3 Freeze Dried
7.3.3.1 Overview
7.3.3.2 Freeze Dried: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
7.3.4 Extruded Strips
7.3.4.1 Overview
7.3.4.2 Extruded Strips: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
7.3.5 Others
7.3.5.1 Overview
7.3.5.2 Others: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Dairy
7.4.1 Overview
7.4.2 Dairy: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8. Fruit Snacks Market Analysis – By Fruit Family
8.1 Overview
8.2 Fruit Snacks Market, By Fruit Family (2019 and 2027)
8.3 Apple
8.3.1 Overview
8.3.2 Apple: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Mango
8.4.1 Overview
8.4.2 Mango: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Banana
8.5.1 Overview
8.5.2 Banana: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Pineapple
8.6.1 Overview
8.6.2 Pineapple: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Berry
8.7.1 Overview
8.7.2 Berry: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.8 Mixed
8.8.1 Overview
8.8.2 Mixed: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
9. US Fruit Snacks Market Analysis – By Distribution Channel
9.1 Overview
9.2 Fruit Snacks Market, By Distribution Channel (2019 and 2027)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Convenience Store
9.4.1 Overview
9.4.2 Convenience Store: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Online Retailing
9.5.1 Overview
9.5.2 Online Retailing: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
10. Overview- Impact of COVID-19
10.1 Overview
10.2 Impact of COVID-19 Pandemic on US Fruit Snacks Market
11. Company Profiles
11.1 Bare Foods Co.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Crispy Green Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 General Mills Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kellogg Company
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Mount Franklin Foods, LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nutty Goodness, LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Paradise, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Sunkist Growers Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Welch Foods Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Materne North America Corp.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Fruit Snacks Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. Fruit Snacks Market Segmentation
Figure 2. United States Fruit Snacks Market Overview
Figure 3. Sweet and Savoury Segment Held Largest Share of United States Fruit Snacks Market
Figure 4. United States Fruit Snacks Market, Industry Landscape
Figure 5. United States: PEST Analysis
Figure 6. Expert Opinion
Figure 7. Impact Analysis of Drivers And Restraints
Figure 8. Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. Fruit Snacks Market Revenue Share, by Type (2019 and 2027)
Figure 10. Sweets and Savoury: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. Freeze Dried: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 12. Extruded Strips: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Dairy: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Others: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Fruit Snacks Market Revenue Share, by Fruit Family (2019 and 2027)
Figure 17. Apple: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Mango: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Banana: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Pineapple: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Berry: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Mixed: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Others: Fruit Snacks Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Fruit Snacks Market Revenue Share, by Distribution Channel (2019 and 2027)
Figure 25. Supermarkets and Hypermarkets: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Convenience Store: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Online Retailing: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Others: Fruit Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in US and Canada Country Markets
The List of Companies - US Fruit Snacks Market
- Bare Foods Co
- Crispy Green Inc.
- General Mills Inc.
- Kellogg Company
- Mount Franklin Foods, LLC
- Nutty Goodness, LLC
- Paradise, Inc.
- Sunkist Growers Inc.
- Welch Foods Inc.
- Materne North America Corp.
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the US fruit snacks market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well askey market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.