Refrigerated Snacks Market Forecasts to 2028 – Global Analysis By Type (Baked Goods & Confectionery, Cheese Snacking, Cookie Dough, Meat Snacks, Sweet Goods and Specialty Desserts, Yogurt Snacks) and By Geography
According to Stratistics MRC, the Global Refrigerated Snacks Market is accounted for $49,517.24 million in 2020 and is expected to reach $85,718.03 million by 2028 growing at a CAGR of 7.1% during the forecast period. Increasing consumer awareness towards protein-rich food and rise in demand for convenience foods are the factors driving the market growth. However, the food safety and quality issues associated with refrigerated snack are hampering the growth of the market.
Refrigerated snacks are defined as those forms of snacks that require refrigeration to keep their food quality intact and expand their shelf life. Such types of snacks are prepared and kept under certain temperature conditions to preserve their overall authenticity and provide convenience in food consumption to the final consumers. The refrigerated form of snacks are cheese-based snacking, yogurt snacks, snack bars, specialty desserts, dips, and spread, among others.
Based on the type, the fruit and vegetable segment is going to have lucrative growth during the forecast period. Fruits and vegetables are enriched with the vitamins and antioxidants that savvy shoppers nowadays are looking for. When choosing a snack, around 60% of consumers look for additional health benefits above and beyond simple nutrition.
By geography, Europe is going to have high growth during the forecast period due to the recent advancements in refrigeration methods and techniques, increasing consumer awareness about protein-rich food, rise in demand for convenience foods, and growing popularity of the refrigerated snacks.
Some of the key players profiled in the Refrigerated Snacks Market include Conagra Brands, Inc., Danone S.A., General Mills, Inc., Hormel Foods Corporation, Mars Incorporated, Mondelez International, Inc., Nestle S.A, OHi bars, PepsiCo, and The Kraft Heinz Company.
Estimated Market Size in 2020:
USD 49,517.24 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 85,718.03 million
Tables, Graphs & Figures
Type, Distribution Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Baked Goods & Confectionery
• Cheese Snacking
• Cookie Dough
• Fruits and Vegetables
• Meat Snacks
• Sandwiches & Savory Snacks
• Snack Bars
• Snack Combos
• Sweet Goods and Specialty Desserts
• Yogurt Snacks
Distribution Channels Covered:
• Convenience Store
• Online Retail
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2054 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Refrigerated Snacks Market is majorly driven by the increasing consumer awareness towards protein-rich food and rise in demand for convenience foods.
The supermarkets segment is growing at a highest CAGR owing to the ease of promoting products among the consumers.
Europe dominated with a significant market share due to the factors such as availability of advanced refrigeration methods and growing demand for convenience foods.
North America market is growing at a highest CAGR owing to the busy lifestyle of people in this region.
Key players in Refrigerated Snacks Market include Conagra Brands, Inc., Danone S.A., General Mills, Inc., Hormel Foods Corporation, Mars Incorporated, Mondelez International, Inc., Nestle S.A, OHi bars, PepsiCo, and The Kraft Heinz Company.
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