South & Central America Refrigerated Snacks Market Analysis, Size, and Share by 2028
South & Central 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)
- Report Date : Jul 2021
- Report Code : TIPRE00023478
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 81
The refrigerated snacks market in SAM is expected to grow from US$ 4,587.14 million in 2021 to US$ 6,270.32 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028.
The Brazil and Argentina are major economies in SAM. New product launches are the major factor driving the growth of the SAM refrigerated snacks market. The rise in popularity of refrigerated snacks has motivated the manufacturers to boost the production volume and undertake investment in research and development and new product development of refrigerated snacks with an exotic taste that could suit consumer needs. The rise in industrial field expenditures and increasingly intense competition, and the growing adoption of refrigerated snacks as snacking ingredients have driven the demand for new product launches. Besides, the key players in the market are launching new products with a unique combination of organic or natural ingredients, which is quite different from traditional refrigerated snacks. Manufacturers are experimenting with several elements, texture, flavor, and nutritional ingredients. For instance, in September 2020, Hormel Foods introduced Hormel Black Label Egg Bites and Breakfast Combos. This will further enhance the company’s product portfolio and thereby strengthen its sales in the coming years. Also, in February 2020, KIND launched KIND Nut Butter Bar, its first-ever refrigerated, smooth, and creamy nut butter protein bar. It has three different varieties, including creamy peanut butter, chocolate peanut butter, and honey almond butter. The key manufacturers also have been financing this opportunity by packaging their products more conveniently to make them easier to consume on the go and increase shelf life. The factors such as flexible products matching consumer needs, innovative concepts, and busy lifestyles are anticipated to benefit market growth, which is further anticipated to drive the market in SAM.Brazil stated the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. Nevertheless, the region is experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to lowered export performance in China, Europe, and the US. In addition, containment measures in several South American countries have reduced economic activity in the food and beverage industry; however, the industry is likely to rebound once the country manages to control the epidemic
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SAM Refrigerated Snacks Market Segmentation
SAM Refrigerated Snacks Market – By Type
- Baked Goods and Confectionery
- Fruits and Vegetables
- Yogurt
- Meat Snacks
- Sandwiches and Savory Snacks
- Others
SAM Refrigerated Snacks Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Online Retail
- Others
SAM Refrigerated Snacks Market – By Country
- Brazil
- Argentina
- Rest of SAM
SAM Refrigerated Snacks Market -Companies Mentioned
- Danone S.A.
- General Mills Inc.
- Hormel Foods Corporation
- Mars Incorporated
- Mondelez International, Inc.
- Nestle S.A
- PepsiCo
- The Kraft Heinz Company
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Argentina
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. SAM Refrigerated Snacks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South & Central America
4.3 Expert Opinion
5. SAM 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– SAM Market Analysis
6.1 Refrigerated Snacks Market Overview
6.2 SAM Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)
7. SAM Refrigerated Snacks Market Analysis – By Type
7.1 Overview
7.2 SAM 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: SAM 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: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Yogurt
7.5.1 Overview
7.5.2 Yogurt: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Meat Snacks
7.6.1 Overview
7.6.2 Meat Snacks: SAM 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: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
8. SAM Refrigerated Snacks Market Analysis – By Distribution Channel
8.1 Overview
8.2 SAM Refrigerated Snacks Market, By Distribution channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Convenience Store
8.4.1 Overview
8.4.2 Convenience Store: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: SAM Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)
9. SAM Refrigerated Snacks Market– Country Analysis
9.1 Overview
9.1.1 South and Central America: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 South and Central America: Refrigerated Snacks Market, by Key Country
9.1.2.1 Brazil: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Brazil: Refrigerated Snacks Market, by Type
9.1.2.1.2 Brazil: Refrigerated Snacks Market, by Distribution Channel
9.1.2.2 Argentina: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Argentina: Refrigerated Snacks Market, by Type
9.1.2.2.2 Argentina: Refrigerated Snacks Market, by Distribution Channel
9.1.2.3 Rest of South and Central America: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Rest of South and Central America: Refrigerated Snacks Market, by Type
9.1.2.3.2 Rest of South and Central America: Refrigerated Snacks Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on SAM Refrigerated Snacks Market
10.1 Impact of COVID-19 on Refrigerated snacks Market
10.2 South 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
12.6 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
12.8 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. SAM Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. SAM Refrigerated Snacks Market, By Type – Revenue and Forecast To 2028 (US$ Million)
Table 3. Brazil Refrigerated Snacks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Refrigerated Snacks Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South and Central America Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South and Central America Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms, SAM Refrigerated Snacks Market
LIST OF FIGURES
Figure 1. SAM Refrigerated Snacks Market Segmentation
Figure 2. SAM Refrigerated Snacks Market Segmentation – By Country
Figure 3. SAM Refrigerated Snacks Market Overview
Figure 4. Fruit and Vegetable Segment Held Largest Share of SAM Refrigerated Snacks Market
Figure 5. Europe Region Held Largest Share of SAM Refrigerated Snacks Market
Figure 6. SAM Refrigerated Snacks Market, Industry Landscape
Figure 7. South & Central America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 11. SAM: Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. SAM Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)
Figure 13. Baked Goods and Confectionery: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Fruits and Vegetables: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Yogurt: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Meat Snacks: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Sandwiches & Savory Snacks: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Others: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. SAM Refrigerated Snacks Market Revenue Share, By Distribution channel (2020 and 2028)
Figure 20. Supermarkets and Hypermarkets: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Convenience Store: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Online Retail: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Others: SAM Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. South and Central America: Refrigerated Snacks Market – Revenue by Country to 2028 (US$ Million)
Figure 25. South and Central America: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Brazil: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of South and Central America: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Refrigerated Snacks Market in South America
- Danone S.A.
- General Mills Inc.
- Hormel Foods Corporation
- Mars Incorporated
- Mondelez International, Inc.
- Nestle S.A
- PepsiCo
- The Kraft Heinz Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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