According to a research survey conducted by ChemView Consulting, in 2022, the Global Frozen Snacks Market was worth US$ 131.8 Bn and is expected to grow at a CAGR of 6.4% over the forecast period. The market is expected to hit US$ 216.5 Bn by 2030 end.
Frozen food is kept at a low temperature and used over an extended period. The frozen snacks market includes a wide range of food items such as vegetables and fruit snacks, meat, poultry, and seafood snacks, bakery products, meat alternatives, frozen desserts, and many more.
Surging demand for convenience meals with high nutritious levels, better flavor, and diversity will likely fuel market growth, resulting in higher consumption of these food products.
Frozen Snacks Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Frozen Snacks’ growth during the next eight years
- Assessment of the historical and current Global Frozen Snacks Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/frozen-snacks-market/
Key Takeaways
By Product Type: Sales in the meat-based frozen snacks category will account for a major portion of the market over the projection period. These snacks have a longer shelf life than traditional meat-based snacks and are easier to use.
Meat-based frozen snacks are commonly utilized in various fast-food products, including frozen meat patties in burgers and frozen pizza toppings. Due to the considerations above, sales in this area will pick up steam in the future.
By Sales Channel: The availability of a diverse assortment of frozen snacks in offline channels such as supermarkets and convenience stores would improve sector sales.
Many supermarkets and hypermarkets are upgrading their cold storage facilities to provide various frozen foods. Expanding these channels in emerging nations is increasing the availability of frozen snacks, creating the potential for frozen snacks companies to enter these markets.
By Category: The sector of ready-to-cook foods is expected to develop at the fastest rate. Changes in lifestyle and an increase in working women are driving the global rise of ready-to-eat frozen meals.
By Region: Europe accounted for the largest market share in the market. Population growth, rapid urbanization, and the rise in consumer awareness about the benefits of frozen food are the key factors driving the demand for frozen food in the region.
France is predicted to lead the European frozen snacks industry as the country’s sales of vegan frozen snacks increase.
Competition Summary
Leading global frozen snacks market companies are investing in product research and development to include nutritional elements and extend shelf life. They also want a competitive advantage through strategic collaborations, mergers, and acquisitions, allowing them to expand their reach and geographical footprint.
Major players’ organic initiatives include introducing new goods and developing superior frozen snack items.
Key companies covered in the market study are Nestle, ConAgra Foods Inc., Ajinomoto Co. Inc., McCain Foods, The Kraft Heinz Co., Cargill Incorporated, Tyson Foods Inc., and NewForrest Fingerfood BV, Rich Products Corp., and Nomad Foods Ltd.
Segments Covered in Report
By Product Type:
- Desserts
- Confectionary
- Vegetable & Fruit Snacks
- Bakery Products
- Meat Based Snacks
- Meat Substitute Snacks
- Seafood Snacks
- Other Products
By Category:
- Ready to eat
- Ready to cook
- Others
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
About ChemView Consulting’s Food & Beverage Domain
ChemView Consulting’s Food & Beverage domain provides unique, reliable, and in-depth analysis while highlighting opportunities for growth for companies in the food and beverage industry with a focus on plant-based meat options, clean labels, and nutritionally dense and plant-based ingredients. Our research helps us better understand consumer demand and shifting preferences. In addition, we assist companies in developing strategies to attract new customers and retain existing strongholds. The comprehensive coverage includes Food Additives & Ingredients, Food Supplements, Food Processing & Processed Food, and Beverages. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.
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- Full-time research experts and subject matter experts
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