North America Refrigerated Snacks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Baked Goods and Confectionery, Fruits and Vegetables, Yogurt, Meat Snacks, Sandwiches and Savory Snacks, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online Retail, and Others)

Publication Month: Jul 2021 | Report Code: TIPRE00023477 | No. of Pages: 85 | Category: Food and Beverages | Status: Published

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The refrigerated snacks market in North America is expected to grow from US$ 14,211.86 million in 2021 to US$ 20,507.65 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America Increasing consumer awareness towards healthy snacking items are the major factor driving the growth of the North America refrigerated snacks market. The trend towards healthy snacking is rising amongst consumers. With the growing focus towards health, consumers have shifted their focus towards nutritional and high-quality food products rich in protein, minerals, vitamins and others. The trend towards healthy living has bolstered the demand for nutritional snacking food items. Amongst other essential nutrients, the demand for protein in refrigerated snacking products is comparatively high. The protein content is highlighted as a primary functional ingredient in many snacking segments. Proteins are the building blocks to maintain the structure and functions of the human body. Diet-conscious and health-conscious consumers nowadays tend to prefer the healthy snacking option, which provides a rich amount of protein, fiber, vitamins, and other nutritional profiles. The consumption of essential nutrients helps to promote proper growth and development in children, teenagers, and pregnant women. People consuming more protein tend to better maintain bone mass and have a much lower risk of osteoporosis and fractures. High protein intake has boosted metabolism that results in the burning of a high number of calories. These benefits of protein are hence attracting consumers towards protein-rich food and beverages available in the market. Hence, looking into the market’s demand, convenient food manufacturers are offering refrigerated snacks with nuts, fruits, vegetables, and other healthy ingredients. Healthy snacks such as Greek yogurt, protein snack bar, cottage cheese are extensively available in the market. Increasing consumption of plant protein along with the growing trend in clean label, gluten-free, and natural products is also contributing to the refrigerated snacks market. Some people prefer to have a small meal like snacks during the busy day which can even replace the heavy meal. Protein-based snacks are further popular among sportspeople, athletics, and bodybuilders. This further creates a massive demand for refrigerated snacks among consumers, which is further anticipated to drive the market in North America.

 

The market is being disrupted by COVID-19 because of the slowdown of raw material production, supply chain instability, hampered trade movements, and other reasons. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply and further impacting the refrigerated snacks market. However, since the economies are planning to revive their operations, the demand for refrigerated snacks is presumed to rise in the coming months. In addition, most people are now working from home, and this change in lifestyle has further inspired families to buy food products online and to store for a longer time. And people are highly looking for sustainable refrigerated snacks for healthy snacking option; this is further giving an opportunity to the market players to recover their loss and to grow business through online platforms. According to the report published in the American Journal of Agriculture Economics in November 2020, the demand for fresh fruit & vegetables, grains, and frozen foods increased the most during the pandemic, which benefited small farms over agribusinesses. This increased sales by 5.7% and the number of customers by 4.9%. The variety of food products are sold on the ecommerce platform with an increased ratio, which suggests the concentration of sales on niche products could rise as more consumers are drawn to online platforms. However, despite the difficulties faced by food shoppers during the Covid-19 pandemic, including food stockouts, limited public transportation, and reduced hours mainly at supermarkets & grocery stores, most of the shoppers in developed countries like the US have maintained adequate access to food (according to the US Food and Drug Administration 2020). Also, food processing companies are taking extra precautions to diminish person-to-person contact. The US in North America has the highest number of confirmed cases of COVID-19 among all key countries. Last year the pandemic impacted the overall food and beverage industry in the region, including the processed food market. However, post-pandemic, purchasing of food products with refrigerated snacks are increasing mainly through the online platform, which is going to put a positive impact upon the studied market  

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North America Refrigerated Snacks Market Segmentation        

 

North America Refrigerated Snacks Market – By Type

  • Baked Goods and Confectionery
  • Fruits and Vegetables
  • Yogurt
  • Meat Snacks
  • Sandwiches and Savory Snacks
  • Others

 

North America Refrigerated Snacks Market – By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Store
  • Online Retail
  • Others

North America Refrigerated Snacks Market – By Country

  • US
  • Canada 
  • Mexico      

 

North America Refrigerated Snacks Market -Companies Mentioned

  • Conagra Brands, Inc.
  • Danone S.A.
  • General Mills Inc.
  • Hormel Foods Corporation
  • Mars Incorporated
  • Mondelez International, Inc.
  • Nestle S.A
  • OHi Bars
  • PepsiCo
  • The Kraft Heinz Company

      

1.             Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.             North America Refrigerated Snacks Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        North America

4.3        Expert Opinion

5.             North America Refrigerated Snacks Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Increasing Consumer Awareness Towards Healthy Snacking Items

5.1.2        Rise in Demand for Convenience Foods

5.2        Market Restraints

5.2.1        Food Safety and Quality Issues Associated with Refrigerated Snacks

5.3        Market Opportunities

5.3.1        New Product Launches

5.4        Future Trends

5.4.1        Growing Demand for Fresh Snacks and Plant-Based Refrigerated Snacks

5.5        Impact Analysis

6.             Refrigerated Snacks Products– North America Market Analysis

6.1        Refrigerated Snacks Market Overview

6.2        North America Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)

7.             North America Refrigerated Snacks Market Analysis – By Type

7.1        Overview

7.2        North America Refrigerated Snacks Market, By Type (2020 and 2028)

7.3        Baked Goods and Confectionery

7.3.1        Overview

7.3.2        Baked Goods and Confectionery: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.4        Fruits and Vegetables

7.4.1        Overview

7.4.2        Fruits and Vegetables: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.5        Yogurt

7.5.1        Overview

7.5.2        Yogurt: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.6        Meat Snacks

7.6.1        Overview

7.6.2        Meat Snacks: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.7        Sandwiches & Savory Snacks

7.7.1        Overview

7.7.2        Sandwiches & Savory Snacks: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.8        Others

7.8.1        Overview

7.8.2        Others: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.             North America Refrigerated Snacks Market Analysis – By Distribution Channel

8.1        Overview

8.2        North America Refrigerated Snacks Market, By Distribution channel (2020 and 2028)

8.3        Supermarkets and Hypermarkets

8.3.1        Overview

8.3.2        Supermarkets and Hypermarkets: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.4        Convenience Store

8.4.1        Overview

8.4.2        Convenience Store: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.5        Online Retail

8.5.1        Overview

8.5.2        Online Retail: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.6        Others

8.6.1        Overview

8.6.2        Others: North America Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.             North America Refrigerated Snacks Market– Country Analysis

9.1        Overview

9.1.1        North America: Refrigerated Snacks Market –Revenue, and Forecast to 2028 (US$ Mn)

9.1.3        North America: Refrigerated Snacks Market, by Key Country

9.1.3.1       US: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

9.1.3.1.1       US: Refrigerated Snacks Market, by Type

9.1.3.1.2       US: Refrigerated Snacks Market, by Distribution Channel

9.1.3.2       Canada: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

9.1.3.2.1       Canada: Refrigerated Snacks Market, by Type

9.1.3.2.2       Canada: Refrigerated Snacks Market, by Distribution Channel

9.1.3.3       Mexico: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

9.1.3.3.1       Mexico: Refrigerated Snacks Market, by Type

9.1.3.3.2       Mexico: Refrigerated Snacks Market, by Distribution Channel

10.          Impact of COVID-19 Pandemic on North America Refrigerated Snacks Market

10.1      Impact of COVID-19 on Refrigerated snacks Market

10.2      North America: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1      Mergers & acquisition

11.2      Product Launch

11.3      Product News

11.4      Merger and Acquisition

11.5      Company News

12.          Company Profiles

12.1      Mondelez International, Inc.

12.1.1      Key Facts

12.1.2      Business Description

12.1.3      Products and Services

12.1.4      Financial Overview

12.1.5      SWOT Analysis

12.1.6      Key Developments

12.2      Nestle S.A

12.2.1      Key Facts

12.2.2      Business Description

12.2.3      Products and Services

12.2.4      Financial Overview

12.2.5      SWOT Analysis

12.3      General Mills Inc.

12.3.1      Key Facts

12.3.2      Business Description

12.3.3      Products and Services

12.3.4      Financial Overview

12.3.5      SWOT Analysis

12.3.6      Key Developments

12.4      The Kraft Heinz Company

12.4.1      Key Facts

12.4.2      Business Description

12.4.3      Products and Services

12.4.4      Financial Overview

12.4.5      SWOT Analysis

12.4.6      Key Developments

12.5      OHi Bars

12.5.1      Key Facts

12.5.2      Business Description

12.5.3      Products and Services

12.5.4      Financial Overview

12.5.5      SWOT Analysis

12.6      PepsiCo

12.6.1      Key Facts

12.6.2      Business Description

12.6.3      Products and Services

12.6.4      Financial Overview

12.6.5      SWOT Analysis

12.7      ConAgra Brands, Inc.

12.7.1      Key Facts

12.7.2      Business Description

12.7.3      Products and Services

12.7.4      Financial Overview

12.7.5      SWOT Analysis

12.8      Mars Incorporated

12.8.1      Key Facts

12.8.2      Business Description

12.8.3      Products and Services

12.8.4      Financial Overview

12.8.5      SWOT Analysis

12.8.6      Key Developments

12.9      Danone S.A.

12.9.1      Key Facts

12.9.2      Business Description

12.9.3      Products And Services

12.9.4      Financial Overview

12.9.5      SWOT Analysis

12.9.6      Key Developments

12.10   Hormel Foods Corporation

12.10.1    Key Facts

12.10.2    Business Description

12.10.3    Products And Services

12.10.4    Financial Overview

12.10.5    SWOT Analysis

12.10.6    Key Developments

13.          Appendix

13.1      About The Insight Partners

13.2      Glossary


 

LIST OF TABLES

Table 1.              North America Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.              North America Refrigerated Snacks Market, By Type – Revenue and Forecast To 2028 (US$ Million)

Table 3.              US: Refrigerated Snacks Market, by Type –Revenue and Forecast to 2028 (US$ Mn)

Table 4.              US: Refrigerated Snacks Market, by Distribution Channel –Revenue and Forecast to 2028 (US$ Mn)

Table 5.              Canada: Refrigerated Snacks Market, by Type –Revenue and Forecast to 2028 (US$ Mn)

Table 6.              Canada: Refrigerated Snacks Market, by Distribution Channel –Revenue and Forecast to 2028 (US$ Mn)

Table 7.              Mexico: Refrigerated Snacks Market, by Type –Revenue and Forecast to 2028 (US$ Mn)

Table 8.              Mexico: Refrigerated Snacks Market, by Distribution Channel –Revenue and Forecast to 2028 (US$ Mn)

Table 9.              Glossary of Terms, Global Refrigerated Snacks Market


LIST OF FIGURES

Figure 1.            North America Refrigerated Snacks Market Segmentation

Figure 2.            North America Refrigerated Snacks Market Segmentation – By Country

Figure 3.            North America Refrigerated Snacks Market Overview

Figure 4.            Fruit and Vegetable Segment Held Largest Share of North America Refrigerated Snacks Market

Figure 5.            US Held Largest Share of North America Refrigerated Snacks Market

Figure 6.            North America Refrigerated Snacks Market, Industry Landscape

Figure 7.            North America: PEST Analysis

Figure 8.            Expert Opinion

Figure 9.            Impact Analysis of Drivers and Restraints

Figure 11.          North America: Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12.          North America Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 13.          Baked Goods and Confectionery: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.          Fruits and Vegetables: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.          Yogurt: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.          Meat Snacks: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.          Sandwiches & Savory Snacks: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.          Others: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.          North America Refrigerated Snacks Market Revenue Share, By Distribution channel (2020 and 2028)

Figure 20.          Supermarkets and Hypermarkets: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.          Convenience Store: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.          Online Retail: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.          Others: North America Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.          North America: Refrigerated Snacks Market – Revenue by Country to 2028 (US$ Mn)

Figure 25.          North America: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 26.          US: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 27.          Canada: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 28.          Mexico: Refrigerated Snacks Market – Revenue, and Forecast to 2028 (US$ Mn)

Figure 29.          Impact of COVID-19 Pandemic on Refrigerated Snacks Market in North America

 

  1. Conagra Brands, Inc.
  2. Danone S.A.
  3. General Mills Inc.
  4. Hormel Foods Corporation
  5. Mars Incorporated
  6. Mondelez International, Inc.
  7. Nestle S.A
  8. OHi Bars
  9. PepsiCo
  10. The Kraft Heinz Company
  • To understand the North America refrigerated snacks market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America refrigerated snacks market
  • Efficiently plan M&A and partnership deals in North America refrigerated snacks market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America refrigerated snacks market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region
TIPRE00023477
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