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

Publication Month: May 2021 | Report Code: TIPRE00022538 | No. of Pages: 146 | Category: Food and Beverages | Status: Published

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The refrigerated snacks market was valued at US$ 52,042.62 Million in 2021 and is projected to reach US$ 73,768.51 Million by 2028; it is expected to grow at a CAGR of 5.1% from 2021 to 2028.

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. With the shift in consumer lifestyle, along with change in working demographics, and growing preference toward natural and fresh food, the demand for refrigerated snacks is set to rise, mostly among millennials.

 

In 2021, Europe contributed to the largest share of the market. Fresh snacks, those that require refrigeration, have become an essential aspect of this new way of eating because freshness exudes a sense of healthfulness that shelf-stable snacks often do not. Besides, recent advancements in refrigeration methods and techniques ensure that the products do not lose their nutrient value. Increasing consumer awareness about protein-rich food, rise in demand for convenience foods, and growing popularity of the refrigerated snacks are the major factors bolstering the growth of the refrigerated snacks market in Europe.

 

The COVID-19 outbreak disrupted the refrigerated snacks market as there was a slowdown in the production of raw material, restrictions on supply chain and trade movements, decrease in construction demand, and decline in new projects. 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 store for a longer time. People are 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 e‐commerce 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 such as 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. Some of the safety measures followed by the companies include limiting direct contact with truck drivers & visitors, strengthening and communicating proper hygiene practices, and conducting complete sanitations and eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for refrigerated snacks is further expected to rise.

Geographic Overview of Refrigerated Snacks Market

Geographic Overview of Refrigerated Snacks Market

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Market Insights

Increasing Consumer Awareness Toward Protein-Rich Food

Protein is a tremendous nutrient present in most snacks, including refrigerated snacks. 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. Protein intake helps promote proper growth and development in children, teenagers, and pregnant women. Various studies show that eating a protein-rich diet helps gain muscle mass and strength and prevents muscle loss during weight management or weight loss. 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 toward 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. Mixed nuts and seeds, pumpkin seeds, Greek yogurt, protein bar, cheesy popcorns, and cottage cheese are some of the high protein snacks available in the market. Increasing consumption of plant protein along with 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 that can even replace the heavy meal. Protein-based snacks are further popular among sports people, athletes, and body builders. This further creates a massive demand for refrigerated snacks among consumers globally.

 

Type Insights

Based on type, the global refrigerated snacks market is segmented into baked goods & confectionery, fruits and vegetables, yogurt, meat snacks, sandwiches & savory snacks, and others. The fruit and vegetable segment is one of the lucrative segment and is dominating the refrigerated snacks market in 2021. 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. They look for snacks that contain vitamins and minerals. Also, the millennials are willing to pay a bit more for convenient or refrigerated snacks like ready-to-eat fresh fruits and vegetables. The fruit snack is usually a sweet confectionery. Fruit snacks are quite a similar item to gummy candies. The main content found in fruits snack is sugar, particularly refined sugar obtained from concentrated white grape juice as well as apple juice. Some fruit snacks contain more sugar than gummy candies, and they regularly have less protein. Fruit snacks are gaining popularity due to their convenience, candy-like taste, and the positioned the product gained as being healthier compared to candy

 

Global Refrigerated Snacks Market, by Type – 2021 and 2028

 

Distribution Channel Insights

Based on distribution channel, the global refrigerated snacks market is segmented into supermarkets and hypermarkets, convenience store, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the market in 2021. Hypermarkets and supermarkets offer products of different brands in one place with affordable prices compared with other distribution channels. Also, the products of different brands are placed nearby in order to facilitate buyers to select suitable products in less time. Apart from this, factors such as hassle-free transactions, bulk purchasing, better services, and pleasant customer experience encourage buyers to shop from hypermarkets & supermarkets. The refrigerated snack product manufacturers sell their products directly to the dealer or distributor, which is further supplied to the hypermarkets & supermarkets. The distributor at hypermarkets & supermarkets keeps the assortment of a particular product as per consumer requirement and demand. It is also a convenient and cost-effective way for the new market players to promote their products through these channels. High footfall in hypermarkets & supermarkets makes it easy for the manufacturers to target their customer base. Furthermore, bulk delivery of products to these places minimizes the cost of operation for manufacturers, which results in gaining a high-profit margin. The sales of refrigerated snacks in hypermarkets and supermarkets are increasing by the day due to the increasing footfall at these places, especially from the middle-class buyers. The wide availability of refrigerated snack products from various brands at a lower price has encouraged customers to buy refrigerated snacks from hypermarkets and supermarkets.

 

Strategic Insights

Mondelez International, Inc.; Nestlé, S.A.; General Mills Inc.; The Kraft Heinz Company; Ohi Bar; Pepsico; Conagra Brands, Inc; Mars Incorporated; Danone S.A.; and Hormel Foods Corporation are among the well-established players operating in the global refrigerated snacks market. These companies offer their products worldwide, which help them in catering to a wider customer base. The major market players are highly focused on the development of high quality and innovative products to meet the customer’s requirements. Over the past a few years, the companies operating in the market have realized the immense potential pertaining to the refrigerated snacks market, and they are adopting strategies such as mergers & acquisitions and product launches. For instance, in November 2020, Mars announced the acquisition of KIND North America. The partnership will build on growth across geographies and categories. As a result of the collaboration, KIND has expanded in over 35 countries (including China, Germany, and France) and into eight categories (including frozen and refrigerated) and has launched new products such as KIND Bark, KIND Frozen Bars, and KIND Smoothie Bowls.

 

Report Spotlights

  • Progressive industry trends in the global refrigerated snacks market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global refrigerated snacks market from 2021 to 2028
  • Estimation of the demand for refrigerated snacks across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for refrigerated snacks
  • Market trends and outlook coupled with factors driving and restraining the growth of the refrigerated snacks market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to the global refrigerated snacks market growth
  • Refrigerated snacks market size at various nodes of the market
  • Detailed overview and segmentation of the global refrigerated snacks market as well as its dynamics in the industry
  • Refrigerated snacks market size in various regions with promising growth opportunities

 

Refrigerated Snacks Market, by Type
  • Baked Goods and Confectionery
  • Fruits and Vegetables
  • Yogurt
  • Meat Snacks
  • Sandwich and Savory Snacks
  • Others
  • Refrigerated Snacks Market, by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Store
  • Online Retail
  • Others

Company Profiles

  • Mondelez International, Inc.
  • Nestlé, S.A.
  • General Mills Inc.
  • The Kraft Heinz Company
  • Ohi Bar
  • Pepsico
  • Conagra Brands, Inc
  • Mars Incorporated
  • Danone S.A
  • Hormel Foods Corporation

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.            Refrigerated Snacks Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Expert Opinion

5.            Refrigerated Snacks Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Increasing Consumer Awareness Towards Protein-Rich Food

5.1.2        Rise in Demand for Convenience Foods

5.2       Market Restraints

5.2.1        Food Safety and Quality Issues Associated with Refrigerated Snack

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 of Drivers and Restraints

6.            Refrigerated Snacks – Global Market Analysis

6.1       Refrigerated Snacks Market Overview

6.2       Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

6.3       Market Positioning – Global Market Players

7.            Global Refrigerated Snacks Market Analysis – By Type

7.1       Overview

7.2       Global Refrigerated Snacks Market Breakdown, by Type, 2020 & 2028

7.3       Baked Goods and Confectionery

7.3.1        Overview

7.3.2        Baked Goods and Confectionery: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.3.3        Baked Goods and Confectionery: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.4       Fruits and Vegetables

7.4.1        Overview

7.4.2        Fruits and Vegetables: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.4.3        Fruits and Vegetables: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.5       Yogurt

7.5.1        Overview

7.5.2        Yogurt: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.5.3        Yogurt: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.6       Meat Snacks

7.6.1        Overview

7.6.2        Meat Snacks: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.6.3        Meat Snacks: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.7       Sandwiches and Savory Snacks

7.7.1        Overview

7.7.2        Sandwiches and Savory Snacks: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.7.3        Sandwiches and Savory Snacks: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.8       Others

7.8.1        Overview

7.8.2        Others: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

7.8.3        Others: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

8.            Global Refrigerated Snacks Market Analysis – By Distribution Channel

8.1       Overview

8.2       Global Refrigerated Snacks Market Breakdown, by Distribution Channel, 2020 & 2028

8.3       Supermarkets and Hypermarkets

8.3.1        Overview

8.3.2        Supermarkets and Hypermarkets: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

8.3.3        Supermarkets and Hypermarkets: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

8.4       Convenience Store

8.4.1        Overview

8.4.2        Convenience Store: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

8.4.3        Convenience Store: Global Refrigerated Snacks Market, Revenue and Forecast to 2028 (US$ Million)

8.5       Online Retail

8.5.1        Overview

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

8.6       Others

8.6.1        Overview

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

9.            Refrigerated Snacks Market – Geographic Analysis

9.1       Overview

9.2       North America: Refrigerated Snacks Market

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

9.2.2        North America: Refrigerated Snacks Market, By Type

9.2.3        North America: Refrigerated Snacks Market, by Distribution Channel

9.2.4        North America: Refrigerated Snacks Market, by Key Country

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

9.2.4.1.1      US: Refrigerated Snacks Market, By Type

9.2.4.1.2      US: Refrigerated Snacks Market, by Distribution Channel

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

9.2.4.2.1      Canada: Refrigerated Snacks Market, By Type

9.2.4.2.2      Canada: Refrigerated Snacks Market, by Distribution Channel

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

9.2.4.3.1      Mexico: Refrigerated Snacks Market, By Type

9.2.4.3.2      Mexico: Refrigerated Snacks Market, by Distribution Channel

9.3       Europe: Refrigerated Snacks Market

9.3.1        Europe: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.3.2        Europe: Refrigerated Snacks Market, By Type

9.3.3        Europe: Refrigerated Snacks Market, by Distribution Channel

9.3.4        Europe: Refrigerated Snacks Market, by Key Country

9.3.4.1      Germany: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.3.4.1.1      Germany: Refrigerated Snacks Market, By Type

9.3.4.1.2      Germany: Refrigerated Snacks Market, by Distribution Channel

9.3.4.2      France: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.3.4.2.1      France: Refrigerated Snacks Market, By Type

9.3.4.2.2      France: Refrigerated Snacks Market, by Distribution Channel

9.3.4.3      Italy: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.3.4.3.1      Italy: Refrigerated Snacks Market, By Type

9.3.4.3.2      Italy: Refrigerated Snacks Market, by Distribution Channel

9.3.4.4      UK: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.3.4.4.1      UK: Refrigerated Snacks Market, By Type

9.3.4.4.2      UK: Refrigerated Snacks Market, by Distribution Channel

9.3.4.5      Russia: Refrigerated Snacks Market – Revenue and Forecast to 2028 (Us$ Mn)

9.3.4.5.1      Russia: Refrigerated Snacks Market, By Type

9.3.4.5.2      Russia: Refrigerated Snacks Market, by Distribution Channel

9.3.4.6      Rest of Europe: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.3.4.6.1      Rest of Europe: Refrigerated Snacks Market, By Type

9.3.4.6.2      Rest of Europe: Refrigerated Snacks Market, by Distribution Channel

9.4       Asia Pacific: Refrigerated Snacks Market

9.4.1        Asia Pacific: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.2        Asia Pacific: Refrigerated Snacks Market, By Type

9.4.3        Asia Pacific: Refrigerated Snacks Market, by Distribution Channel

9.4.4        Asia Pacific: Refrigerated Snacks Market, by Key Country

9.4.4.1      Australia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.1.1      Australia: Refrigerated Snacks Market, By Type

9.4.4.1.2      Australia: Refrigerated Snacks Market, by Distribution Channel

9.4.4.2      China: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.2.1      China: Refrigerated Snacks Market, By Type

9.4.4.2.2      China: Refrigerated Snacks Market, by Distribution Channel

9.4.4.3      Japan: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.3.1      Japan: Refrigerated Snacks Market, By Type

9.4.4.3.2      Japan: Refrigerated Snacks Market, by Distribution Channel

9.4.4.4      India: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.4.1      India: Refrigerated Snacks Market, By Type

9.4.4.4.2      India: Refrigerated Snacks Market, by Distribution Channel

9.4.4.5      South Korea: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.5.1      South Korea: Refrigerated Snacks Market, By Type

9.4.4.5.2      South Korea: Refrigerated Snacks Market, by Distribution Channel

9.4.4.6      Rest of Asia Pacific: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.4.4.6.1      Rest of Asia Pacific: Refrigerated Snacks Market, By Type

9.4.4.6.2      Rest of Asia Pacific: Refrigerated Snacks Market, by Distribution Channel

9.5       Middle East and Africa: Refrigerated Snacks Market

9.5.1        Middle East and Africa: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.5.2        Middle East and Africa: Refrigerated Snacks Market, By Type

9.5.3        Middle East and Africa: Refrigerated Snacks Market, by Distribution Channel

9.5.4        Middle East and Africa: Refrigerated Snacks Market, by Key Country

9.5.4.1      South Africa: Refrigerated Snacks Market –Revenue and Forecast to 2028 (Us$ Mn)

9.5.4.1.1      South Africa: Refrigerated Snacks Market, By Type

9.5.4.1.2      South Africa: Refrigerated Snacks Market, by Distribution Channel

9.5.4.2      Saudi Arabia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.5.4.2.1      Saudi Arabia: Refrigerated Snacks Market, By Type

9.5.4.2.2      Saudi Arabia: Refrigerated Snacks Market, by Distribution Channel

9.5.4.3      UAE: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.5.4.3.1      UAE: Refrigerated Snacks Market, By Type

9.5.4.3.2      UAE: Refrigerated Snacks Market, by Distribution Channel

9.5.4.4      Rest of Middle East and Africa: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.5.4.4.1      Rest of Middle East and Africa: Refrigerated Snacks Market, By Type

9.5.4.4.2      Rest of Middle East and Africa: Refrigerated Snacks Market, by Distribution Channel

9.6       South America: Refrigerated Snacks Market

9.6.1        South America: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

9.6.2        South America: Refrigerated Snacks Market, By Type

9.6.3        South America: Refrigerated Snacks Market, by Distribution Channel

9.6.4        South America: Refrigerated Snacks Market, by Key Country

9.6.4.1      Brazil: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

9.6.4.1.1      Brazil: Refrigerated Snacks Market, By Type

9.6.4.1.2      Brazil: Refrigerated Snacks Market, by Distribution Channel

9.6.4.2      Argentina: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

9.6.4.2.1      Argentina: Refrigerated Snacks Market, By Type

9.6.4.2.2      Argentina: Refrigerated Snacks Market, by Distribution Channel

9.6.4.3      Rest of South America: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

9.6.4.3.1      Rest of South America: Refrigerated Snacks Market, By Type

9.6.4.3.2      Rest of South America: Refrigerated Snacks Market, by Distribution Channel

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

10.1    Impact of COVID-19 on Refrigerated Snacks Market

10.2    North America: Impact Assessment of COVID-19 Pandemic

10.1    Europe: Impact Assessment of COVID-19 Pandemic

10.2    Asia Pacific : Impact Assessment of COVID-19 Pandemic

10.3    Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.4    South and Central America: Impact Assessment of COVID-19 Pandemic

11.         Industry Landscape

11.1    Mergers & acquisition

11.2    Product Launch

11.3    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

12.2.6     Key Developments

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

12.5.6     Key Developments

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

12.6.6     Key Developments

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

12.7.6     Key Developments

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.            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$ Mn)

Table 3.            North America Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 4.            US Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 5.            US Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 6.            Canada Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 7.            Canada Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 8.            Mexico Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 9.            Mexico Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 10.          Europe Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 11.          Europe Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 12.          Germany Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 13.          Germany Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 14.          France Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 15.          France Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 16.          Italy Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 17.          Italy Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 18.          UK Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 19.          UK Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 20.          Russia Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 21.          Russia Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 22.          Rest of Europe Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 23.          Rest of Europe Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 24.          Asia Pacific Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 25.          Asia Pacific Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 26.          Australia Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 27.          Australia Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 28.          China Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 29.          China Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 30.          Japan Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 31.          Japan Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 32.          India Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 33.          India Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 34.          South Korea Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 35.          South Korea Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 36.          Rest of Asia Pacific Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 37.          Rest of Asia Pacific Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 38.          Middle East and Africa Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 39.          Middle East and Africa Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 40.          South Africa Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 41.          South Africa Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 42.          Saudi Arabia Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 43.          Saudi Arabia Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 44.          UAE Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 45.          UAE Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 46.          Rest of the Middle East and Africa Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 47.          Rest of the Middle East and Africa Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 48.          South America Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 49.          South America Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 50.          Brazil Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 51.          Brazil Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 52.          Argentina Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 53.          Argentina Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 54.          Rest of South America Refrigerated Snacks Market, By Type – Revenue and Forecast to 2028 (US$ Mn)

Table 55.          Rest of South America Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Mn)

Table 56.          Glossary of Terms, Global Refrigerated Snacks Market

 

LIST OF FIGURES

Figure 1.           Refrigerated Snacks Market Segmentation

Figure 2.           Refrigerated Snacks Market Segmentation – By Geography

Figure 3.           Global Refrigerated Snacks Market Overview

Figure 4.           Supermarkets and Hypermarkets Segment Held Largest Share of Global Refrigerated Snacks Market

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

Figure 6.           Global Refrigerated Snacks Market, Industry Landscape

Figure 7.           North America PEST Analysis

Figure 8.           Europe: PEST Analysis

Figure 9.           APAC: PEST Analysis

Figure 10.        MEA: PEST Analysis

Figure 11.        SAM: PEST Analysis

Figure 12.        Expert Opinion

Figure 13.        Refrigerated Snacks Market Impact Analysis of Driver and Restraints

Figure 14.        Geographic Overview of Refrigerated Snacks Market

Figure 15.        Global: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Global Refrigerated Snacks Market Breakdown, By Type, 2020 & 2028 (%)

Figure 17.        Global Refrigerated Snacks Market Breakdown, by Distribution Channel, 2020 & 2028 (%)

Figure 18.        Global Refrigerated Snacks Market Revenue Share, By Region (2020 and 2028)

Figure 19.        North America: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 20.        North America: Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 21.        North America: Refrigerated Snacks Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 22.        North America: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        US: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 24.        Canada: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 25.        Mexico: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

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

Figure 27.        Europe: Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 28.        Europe: Refrigerated Snacks Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 29.        Europe: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 30.        Germany: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 31.        France: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 32.        Italy: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 33.        UK: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 34.        Russia: Refrigerated Snacks Market – Revenue and Forecast to 2028 (Us$ Mn)

Figure 35.        Rest of Europe: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 36.        Asia Pacific: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 37.        Asia Pacific: Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 38.        Asia Pacific: Refrigerated Snacks Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 39.        Asia Pacific: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 40.        Australia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 41.        China: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 42.        Japan: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 43.        India: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 44.        South Korea: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 45.        Rest of Asia Pacific: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 46.        Middle East and Africa: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 47.        Middle East and Africa: Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 48.        Middle East and Africa: Refrigerated Snacks Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 49.        Middle East and Africa: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 50.        South Africa: Refrigerated Snacks Market –Revenue and Forecast to 2028 (Us$ Mn)

Figure 51.        Saudi Arabia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 52.        UAE: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 53.        Rest of Middle East and Africa: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 54.        South America: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 55.        South America: Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 56.        South America: Refrigerated Snacks Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 57.        South America: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 58.        Brazil: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

Figure 59.        Argentina: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

Figure 60.        Rest of South America: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US $ Mn)

Figure 61.        Impact of COVID-19 Pandemic on Refrigerated Snacks Market in North America

Figure 62.        Impact of COVID-19 Pandemic on Refrigerated Snacks Market in Europe

Figure 63.        Impact of COVID-19 Pandemic on Refrigerated Snacks Market in Asia Pacific

Figure 64.        Impact of COVID-19 Pandemic on Refrigerated Snacks Market in Middle East & Africa

Figure 65.        Impact of COVID-19 Pandemic on Refrigerated Snacks Market in South and Central America

 

The List of Companies - Refrigerated Snacks Market

  1. Mondelez International, Inc.
  2. Nestle S.A
  3. General Mills, Inc.
  4. The Kraft Heinz Company
  5. OHi bars
  6. PepsiCo
  7. Conagra Brands, Inc.
  8. Mars Incorporated
  9. Danone S.A.
  10. Hormel Foods Corporation
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global refrigerated snacks market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Frequently Asked Questions

The major players operating in the global refrigerated snacks market are Mondelez International, Inc., Nestle S.A, General Mills, Inc., The Kraft Heinz Company, OHi bars, PepsiCo, Conagra Brands, Inc., Mars Incorporated, Danone S.A., Hormel Foods Corporation, and many others.

In 2021, the refrigerated snacks market was predominant by North America at the global level. The region is a developed market for refrigerated snacks due to the rising consumption of convenience products, including fruit and vegetable snacking, snack combos, cheese snacking, yogurt snacks, cookie dough, snack bars, sweet goods, and specialty desserts, and surging demand from ready to eat food products from the working population owing to busy lifestyles. A significant shift of the consumers towards a healthy lifestyle has led to increasing demand for food products that are healthy and tasty as well is propelling the market growth in the country over the past few years.

Among the three segments of distribution channel, supermarkets and hypermarkets segment has led the market in 2021. Hypermarkets and supermarkets offer products of different brands in one place with affordable prices compared to other distribution channels. Also, the products of different brands are placed nearby to facilitate buyers to select suitable products in less time. Apart from this, factors such as hassle-free transactions, bulk purchasing, better services, and pleasant customer experience encourage buyers to shop from hypermarkets & supermarkets. The refrigerated snack product manufacturers sell their products directly to the dealer or distributor, which is further supplied to the hypermarkets & supermarkets.

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