The projected CAGR of the global Fruit Chips Market through the forecast period is 9.5%, with an expected value of USD 10.87 Billion in 2028 from USD 5.38 Billion in 2020. The market is expected to witness significant growth due to the rising demand for healthy and nutritious snacks and the increasing population of health-conscious consumers. Additionally, the popularity of on-the-go, ready-to-eat, and convenience foods is expected to fuel market growth. Fruit snacks are particularly favored by children and young people due to their candy-like taste and easy-to-eat nature. These products are commonly packaged in sustainable plastic packaging, eliminating the need for refrigeration or storage.
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Top Companies Operating in the Global Fruit Chips Market Report:
Nutty Goodness, Welch's, Mount Franklin Foods, LLC, SunOpta, PepsiCo, General Mills Inc., Chaucer Foods Ltd., Kellogg NA Co., and Crispy Green Inc.
Driving Factors for Fruit Chips Market:
· Growing demand for healthy and convenient snacks: With an increasing focus on health and wellness, consumers are seeking out snacks that are both tasty and nutritious. Fruit snacks, which are often made with real fruit and contain no artificial preservatives, fill this demand for healthier snack options.
· Convenience and portability: Fruit snacks are easy to carry and consume on the go, making them a popular choice for busy consumers who are looking for a quick and convenient snack.
· Increasing popularity of plant-based diets: With more consumers adopting plant-based diets, there is a growing demand for snacks that are vegan and made with natural ingredients. Fruit snacks fit this bill and are often marketed as vegan-friendly and gluten-free.
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The global Fruit Chips Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Sweet & Savory
- Smoothies
- Cuts and Slices
- Dairy
- Others
Fruit Outlook (Revenue, USD Billion; 2018-2028)
- Mango
- Banana
- Apple
- Pineapple
- Mixed
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retailers
- Others
Key Questions Addressed in the Report:
· What are the dominating factors that are influencing the growth of the industry?
· In the forecast period, which market segment is expected to rise the most?
· What are the risks and challenges that the industry is facing?
· In the coming years, which area is projected to dominate the market?
· Who are the major players in the market? What kind of strategic business plans have they made?
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