Global Frozen Snack Food Market, Product Type (Vegetables and Fruits, Meat, Poultry and Seafood, Bakery Products, Meat Substitutes, Frozen Desserts and Confectionery and others), Distribution Channel (Store-Based and Non-Store-Based), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Frozen Snack Food Market
The frozen snack food market is expected to witness market growth at a rate of 17.70% in the forecast period of 2021 to 2028 and is expected to reach USD 65.92 billion by 2028. Data Bridge Market Research report on frozen snack food market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the food and beverage sector is escalating the growth of frozen snack food market.
The frozen snack foods refer to the type of foods products that are generally kept at a certain temperature locking all the moisture in the food items and stored in a for long duration in a solid form. These food items make cooking course easier for consumers and tend to have a long shelf life.
The rise in the consumption of frozen snack food items because of their convenience acts as one of the major factors driving the growth of frozen snack food market. The increase in consumer inclination towards Ready-to-Eat (RTE) food products because of rising trend of employment and less time to cook the food items and developments in the retail landscape accelerate the market growth. The rise in the preference for vegan sources of protein over animal protein containing high cholesterol level, fat, and calorie increasing the risk of cardiac diseases, high blood sugar level, and obesity among people encourages the manufacturers to offer plant-based/vegan frozen products which further influence the market. Additionally, digitalization of the retail industry, urbanization, growth in the awareness, surge in the disposable income, change in consumer lifestyle and rise in population globally positively affect the frozen snack food market. Furthermore, rise in trade of processed food and technological advancements in the cold chain market extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the need for constant temperature monitoring and increase in the preference for fresh and natural food products are expected to obstruct the market growth. Lack of cold chain infrastructure in developing economies is projected to challenge the frozen snack food market in the forecast period of 2021-2028.
This frozen snack food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on frozen snack food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Frozen Snack Food Market Scope and Market Size
The frozen snack food market is segmented on the basis of product type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the frozen snack food market is segmented into vegetables and fruits, meat, poultry and seafood, bakery products, meat substitutes, frozen desserts and confectionery and others.
- On the basis of distribution channel, the frozen snack food market is segmented into store-based and non-store-based. The store-based segment has further been segmented into supermarkets and hypermarkets, convenience stores, and others.
Global Frozen Snack Food Market Country Level Analysis
The frozen snack food market is analyzed and market size, volume information is provided by country, product type and distribution channel as referenced above.
The countries covered in the global the frozen snack food market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the frozen snack food market because of the premiumization, rise in sales of frozen snacks and innovations by market players in terms of food quality and variety within the region. Asia-Pacific is expected witness fastest growth during the forecast period of 2021 to 2028 because of the advancements in food technology and the launch of cost-effective new food products in the region.
The country section of frozen snack food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Frozen Snack Food Market Share Analysis
The frozen snack food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to frozen snack food market.
The major players covered in the frozen snack food market report are Ardo, Aryzta AG, Amy’s Kitchen, Inc., Bellisio Foods, Inc., Bonduelle, FINDUS, General Mills Inc., Goya Foods, Inc., Iceland Foods Ltd., JBS, Nestlé, Ajinomoto Foods North America, The Kraft Heinz Company, Natures Peak, Conagra Brands, Inc.,, McCain Foods Limited, Greenyard, NICHIREI CORPORATION, Vinayak Foods Group and Northern Foods PLC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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