Refrigerated snacks are a type of snack that require refrigeration to remain fresh and safe for consumption. These snacks include cheese sticks, yogurt cups, pre-cut fruit, hummus and dip cups, and deli meats. To prevent the growth of harmful bacteria that can cause foodborne illness, it is crucial to store these snacks at the recommended temperature. Keeping them refrigerated ensures that they stay safe to eat.
The global Refrigerated Snacks Market size was worth around USD 56.25 Billion in 2022 and is anticipated to surpass USD 102.82 billion by 2032 with a compound annual growth rate of roughly 6.9% between 2023 and 2032.
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Report Scope
In order to provide a thorough overview of the market, the global Refrigerated Snacks market research report includes key details like the industry chain structure, applications, classifications, and definitions. The study report offers a comprehensive overview of the industry, covering topics like supply and demand, price structures, manufacturing methods, and consumer behavior. The paper also discusses import and export strategies, along with objectives and policies for development.
The competitive landscape analysis, historical data, and important areas’ development status are all discussed in this study report with the goal of helping organizations come up with effective growth strategies. Additionally, this study also looks at data and statistics related to product consumption, price, cost, gross margin, and revenue. The study’s recommendations for appropriate competitive strategies to increase potential profit will aid readers in understanding industry competitiveness.
The Refrigerated Snacks Market is highly competitive and dominated by a few large players include:
- Mondelēz International
- Nestlé
- General Mills Inc.
- Conagra Brands, Inc.
- Mars
- Incorporated
- Hormel Foods Corporation
- Unilever PLC
- Clio Snacks
- FIELD + FARMER
- Tyson Foods, Inc
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The Refrigerated Snacks Market has been experiencing significant growth in recent years, driven by several factors:
Increasing demand for healthy and convenient snacks: Consumers are looking for snacks that are healthy, easy to consume on-the-go, and offer portion control. Refrigerated snacks, such as yogurt cups, cheese sticks, and pre-cut fruits and vegetables, provide a convenient and healthy option.
Growing awareness about food safety: Consumers are becoming more aware of the risks associated with foodborne illnesses, and are therefore choosing to purchase refrigerated snacks that have a longer shelf life and are less likely to cause food poisoning.
Rising disposable income: As disposable income rises, consumers are willing to spend more on premium snacks, which often includes refrigerated snacks.
The Refrigerated Snacks Market can be segmented into several categories, including:
By Nature
- Organic
- Conventional
By Type
- Savoury Snacks
- Yogurt
- Meat Snacks
- Fruit Snacks
- Confectionery Snacks
- Bakery Snacks
- Others
By End-Use
- Residential
- Food Services
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Online Retail
- Others
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Regional Analysis:
North America is Dominating the Market Share Due to the Growing Preference for Healthy and Ready-to-Eat Convenience Food among Consumers
Due to the growing preference for frozen food among millennials, particularly single-serving options, and convenience in preparation, the refrigerated snacks market is expected to experience growth. However, the U.S. Department of Agriculture has emphasized the importance of food safety practices in preventing foodborne illnesses when preparing frozen foods.
In the US and Canada, health-conscious consumers and those on diets often prefer healthy snacks that provide essential nutrients like protein, fiber, and vitamins. Refrigerated snacks, which can be found in retail establishments and stores, are being used more frequently as a condiment to enhance the flavor, texture, and nutritional value of food products.
APAC is the Fastest Growing Market owing to the Availability and Popularity of Frozen Foods
The availability of frozen foods in countries such as India, China, Indonesia, South Korea, Japan, and Australia is contributing to the growth of the refrigerated snacks market in the Asia-Pacific region. Consumers in this region prefer refrigerated foods that are high in protein, low in calories, and low in fat. Additionally, many market players in the region cater to special dietary needs, including dairy-free, vegan, sugar-free, gluten-free, and plant-based diets.
In recent years, the Asia-Pacific region has seen significant growth in Generation Z and millennial populations, which have adopted ketogenic, high-protein, meat-based, and plant-based diets. The South Asian country is also targeting a farm export value of USD 60 billion by 2022, according to a recent study.
The Indian government is providing up to 50% subsidies for cold storage and has boosted the food processing business by accelerating the capacity addition of cold storage chains, reefer vehicles, and mega food parks at both state and federal levels.
Reasons to Buy This Report
The report focuses on the most recent business models and shows the extent of the global market’s expansion. The report also mentions the anticipation of producing new goods and offering modern services, both of which may ultimately prove to be economically profitable.
This study, which focuses on the key market drivers, restraints, challenges, and opportunities, will assist stakeholders in thoroughly understanding the status and trends of the global industry. This makes it possible for companies to forecast market changes and stay one step ahead of rivals.
Using reliable sources and a variety of research methodologies, the global Refrigerated Snacks market research report gives companies and individuals unbiased, thoroughly researched information that will help them expand their businesses and keep their positions in the global market.
TABLE OF CONTENT:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Refrigerated Snacks Market
Chapter 5. Global Refrigerated Snacks Market Overview, By Nature, 2018 – 2032 (USD Million)
Chapter 6. Global Refrigerated Snacks Market Overview, By Type, 2018 – 2032 (USD Million)
Chapter 7. Global Refrigerated Snacks Market Overview, By End-Use, 2018 – 2032 (USD Million)
Chapter 8. Global Refrigerated Snacks Market Overview, By Distribution Channel, 2018 – 2032 (USD Million)
Chapter 9. Global Refrigerated Snacks Market Overview, By Geography, 2018 – 2032 (USD Million)
Chapter 10. North America Refrigerated Snacks Market Overview, By Countries, 2018 – 2032 (USD Million)
…Continued
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