Frozen Fruit Bar Market Size & Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Frozen Fruit Bar Market


The global Frozen Fruit Bar market size is projected to reach US$ 19.8 million by 2026, from US$ 12.83 million in 2020, at a CAGR of 7.5% during 2021-2026. Growing impulse buying and demand for innovative flavors, especially in developing countries, is anticipated to drive the growth. Central and South America, Asia Pacific, and Middle East & Africa (MEA) are expected to emerge as the prominent regions in the forthcoming years.

China, India, and other countries from Asia Pacific are witnessing significant rise in demand for frozen fruit bars, due to changing climatic conditions and rising number of consumers. Low-fat products are anticipated to witness significant growth, due to rising health consciousness. Consumers with lactose intolerances prefer low-fat products. Many companies mix fruit flavored essences in these bars, as some fruits are expensive. These essences can lead many diseases including cancer and stomach related infections.

Companies are coming up with many innovative and new flavors to boost revenue generation opportunities. For instance, Nestle added new coconut and banana flavors in their range of frozen fruit bars. Coconut with Banana makes a good combination and coconut water mixed with creamy banana gives real and smooth frozen treat. Introduction of new and innovative flavors is projected to drive the sales, and thus lead to growth of the overall market.

Several companies use purees of fruits to make the product cost effective. However, owing to rising consumer awareness, most manufacturers focus on using high quality raw materials and fresh fruits to maintain taste, texture, and flavor of the product. Rising popularity of organic food products is anticipated to bode well for the production of organic fruit bars. Availability of such variety of product is projected to fuel the market over the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Frozen Fruit Bar Market

Product Market Segmentation & Outlook (Revenue, USD Thousands, 2014 - 2025)

  
Original
  
Low Fat

Flavor Market Segmentation & Outlook (Revenue, USD Thousands, 2014 - 2025)

  
Citrus
  
Pineapple
  
Grape
  
Apple
  
Mango
  
Coconut
  
Others

Key Players, Recent Developments & Regional Insights: Global Frozen Fruit Bar Market

Low-fat segment held the largest market share of more than 54% of market share in 2018. Many people suffer from lactose intolerance that may lead to different diseases like diarrhea, gas, and bloating.Lactose intolerant patients cannot digest milk or any dairy products. So, low-fat bars remain one of the alternatives for them. Prevalence of obesity is another reason driving the product demand. In U.S., one out of six people suffer from obesity, leading consumers to have different health problems and life threatening conditions. This will led to increase in consumption of low-fat products, including frozen fruit bars.

Low-fat segment is anticipated to witness the fastest CAGR of 7.8% during the forecast period. Fats have higher energy than other types of nutrients and consuming high fat products may cause to weight gain. Hence, consumers prefer low-fat products.

Flavor Insights

On the basis of flavor, the frozen fruit bars market is divided into citrus, pineapple, grapes, apple, mangoes, coconut, and others. The citrus flavor was the largest segment, accounting for 11.30% market share in 2018. The section contains different fruit flavors like orange, tangerine, lime, and lemon, among others. Citrus fruits are good for digestion and help fight stomach diseases, this may lead to segment growth in the upcoming years.

Among other flavors, mango is the fastest growing segment with a CAGR of 10.6% during the forecast period. Asia Pacific was the largest consumer for mango favor in 2018. The market for tropical fruits is overgrowing, encouraging many large scale manufacturers to invest into the market, especially in regions like Europe and U.S. Favorable government policies and regulation in Asian countries, such as Indonesia, Korea, and China are encouraging foreign players to investing in these regions.

Regional Insights

As of 2018, North America led the market, accounting for more than 23% market share. Canada and United States are anticipated to register significant growth in near future. The manufacturers are mainly located in United States. Nestle U.S.A. is a part of Nestle S.A., has a major market in U.S.

Many companies are increasing their presence by expanding the product distribution in other countries such as Brazil, Spain, Mexico, and India, among others. Asia Pacific is expected to register the fastest CAGR of 11.5% during the forecast period. High percentage of younger population and the increasing middle-class families are some the factors driving the regional product demand.

MEA is also anticipated to witness significant growth in near future, owing to increasing purchasing power of consumers. This is also projected to drive the demand in countries, such as Saudi Arabia, and South Africa among others.

Frozen Fruit Bars Market Share Insights

Some of the key market players are Nestle S.A; Natural Fruit Corporation; Solero, Andrades Desserts; J&J Snack Foods Corp.; Ice Pop Factory; Modern Pop; Unilever plc (Fruttare Brand); and Eclectic Food Services Inc. The companies are collaborating with the retail stores like Tesco plc and Walmart among others. Furthermore, rising consumer awareness is increasing due to these tie-ups with the stores, leading to increased sales.

Key Insights Covered: Global Frozen Fruit Bar Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Frozen Fruit Bar industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Frozen Fruit Bar industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Frozen Fruit Bar industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Frozen Fruit Bar industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Frozen Fruit Bar industry.

Research Methodology: Global Frozen Fruit Bar Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other