Global Fig Snacks Market 2018-2022
About Fig Snacks
The report covers the current scenario and estimates the value of the global fig snacks market for the forecast period 2018-2022. The parent market is the global snacks market. The global fig snacks market report contains segmentation based on product and geography. The report also provides an insight into the key leading countries based on the consumption of fig snacks.
Technavio’s analysts forecast the global fig snacks market to grow at a CAGR of 7.39% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global fig snacks market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fig Snacks Market 2018-2022
Technavio recognizes the following companies as the key players in the global fig snacks market: Kellogg, Little Duck Organics, Made In Nature, Mondelēz International, and Nature's Bakery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising global vegan population. Veganism is termed as the practice of abstaining from the use of animal products, particularly in a diet. People who follow veganism are known as vegans. The rising global vegan population can positively influence the growth of the global fig snacks market during the forecast period. People are adopting a vegan diet particularly for the health benefits associated it.”
According to the report, one driver in the market is changing taste preferences of consumers. Changing taste preferences of the consumers is one of the growth drivers that will help the global fig snacks market to grow during the forecast period. The taste preference of the consumers, especially young consumers, for snacks is changing, and they are eager to experiment with new products and flavors.
Further, the report states that one challenge in the market is increasing competition from other snack products. Increasing competition from other snack products, such as savory snacks, cereal bars, frozen yogurt, is one of the challenges to the growth of the global fig snacks market during the forecast period. A wide variety of snacking options are available in the market, and hence, consumers can easily switch between products.
Little Duck Organics
Made In Nature