Philippines Fruit Snacks Market Size & Outlook, 2022-2030
Philippines fruit snacks market, 2017-2030 (US$M)
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Philippines fruit snacks market highlights
- The Philippines fruit snacks market generated a revenue of USD 149.9 million in 2022 and is expected to reach USD 289.4 million by 2030.
- The Philippines market is expected to grow at a CAGR of 8.6% from 2023 to 2030.
- In terms of segment, freeze dried fruits was the largest revenue generating product in 2022.
- Freeze Dried Fruits is the most lucrative product segment registering the fastest growth during the forecast period.
Fruit snacks market data book summary
| Market revenue in 2022 | USD 149.9 million |
| Market revenue in 2030 | USD 289.4 million |
| Growth rate | 8.6% (CAGR from 2022 to 2030) |
| Largest segment | Freeze dried fruits |
| Fastest growing segment | Freeze Dried Fruits |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruit Roll-ups, Freeze Dried Fruits, Fruit Bars, Soft Chews |
| Key market players worldwide | General Mills Inc, Keurig Dr Pepper Inc, WK Kellogg Co, Welch's, Seneca Foods Corp Class A, SunOpta Inc |
Other key industry trends
- In terms of revenue, Philippines accounted for 1.0% of the global fruit snacks market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fruit snacks market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,688.2 million by 2030.
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Fruit Snacks Market Scope
Fruit Snacks Market Companies
| Name | Profile | # Employees | HQ | Website |
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Philippines fruit snacks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fruit snacks market will help companies and investors design strategic landscapes.
Freeze dried fruits was the largest segment with a revenue share of 56.1% in 2022. Horizon Databook has segmented the Philippines fruit snacks market based on fruit roll-ups, freeze dried fruits, fruit bars, soft chews covering the revenue growth of each sub-segment from 2017 to 2030.
Fruit candies, jellies, and gummies are popular in the country. One of the most famous fruit candies in the Philippines is Yema Candy, made from condensed milk, egg yolks, and sugar. It has a rich, creamy texture and is often flavored with fruits like mango and pineapple.
Many local brands such as Kopiko, Hi-Chew, and Starburst produce various flavors of jellies and gummies, including mango, pineapple, lychee, and guava. Some unique Filipino candies are made from local fruits, such as calamari, a citrus fruit, and tamarind, a sour fruit often used in savory dishes but found in candy form.
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Target buyers of Philippines fruit snacks market databook
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Our clientele includes a mix of fruit snacks market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Philippines fruit snacks market , including forecasts for subscribers. This country databook contains high-level insights into Philippines fruit snacks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Philippines fruit snacks market size, by product, 2017-2030 (US$M)
Philippines Fruit Snacks Market Outlook Share, 2022 & 2030 (US$M)
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