The North America Low Sugar Fruit Snacks Market is expected to witness market growth of 9.9% CAGR during the forecast period (2021-2027).
Low sugar fruit snacks are gaining more popularity among children, which is expected to escalate its demand. With the increasing consumer spending on healthy food substitutes and the growing awareness among consumers about the importance of healthy food habits, the demand for these low sugar fruit snacks is expected to increase in the upcoming years. Moreover, the increase in the demand for better-for-you food items among the health-conscious population is one of the key aspects augmenting the growth of the low sugar fruit snacks market.
According to the World Health Organization (WHO), a person should not consume more than 5-10% of total calories coming from added sugars. In addition, the rise in the production of various tropical fruits is expected to create lucrative opportunities for the key market players. Consumers are heavily spending on various healthy food products to maintain their body fitness, which is estimated to spur the growth of the regional market. According to CDC, approximately 34.2 million people are suffering from diabetes in the US, which means 1 in 10 Americans have diabetes. Thus, people across the US are highly adopting healthy snacks like low sugar fruit snacks.
The US market dominated the North America Low Sugar Fruit Snacks Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $922.4 Million by 2027. The Canada market is estimated to grow at a CAGR of 12.4% during (2021 - 2027). Additionally, The Mexico market is expected to showcase a CAGR of 11.4% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Fruit Bars
- Dried Tropical Fruit
- Fruit Roll-Ups
- Others
By Distribution Channels
- Hypermarkets & Supermarkets
- Convenience Stores
- Online Retailers
- Other Distribution Channels
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- WALLAROO
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- 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.
- WALLAROO
Methodology
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