Frozen Snacks Market Insights, Leading Players, Business Opportunities and Forecast to 2024
Research Reports
Jan 12, 2021
Market Highlights
Global Frozen Snacks Market size is projected to register a growth rate of 3.73% from 2019 to 2024 to reach a market value of USD 129 Billion by the end of 2024. The hectic lifestyles and changing eating habits of consumers are encouraging market players to introduce a variety of snack products in frozen form.
Key Players
Some of the key players in the Global Covid-19 Impact on Frozen Snacks Market are The Kraft Heinz Company (US), General Mills (US), Home Market Foods, Inc. (US), Unilever plc (UK), JBS S.A. (Brazil), Maple Leaf Foods Inc. (Canada), Nestle S.A. (Switzerland), ConAgra Foods, Inc. (US), Flowers Foods (US), BRF S.A. (Brazil), Tyson Foods Inc. (US), Mother Dairy Fruit and Vegetable Pvt Ltd (India), Ajinomoto Co. Inc. (Japan), EUROPASTRY, S.A. (Spain) and McCain Foods Limited (Canada)
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Market Segment
Global Frozen Snacks Market has been segmented based on product type, distribution channel, and region.
Based on product type, Covid-19 Impact on Frozen Snacks Market has been segmented into vegetables and fruits; meat, poultry, and seafood; bakery products; meat substitutes; frozen desserts and confectionery; and others. The meat, poultry, and seafood segment is expected to dominate the global frozen snacks market during the forecast period. The consumption of poultry and seafood is high the world owing to their protein content. The convenience of frozen products is influencing consumers to switch to frozen meat, poultry, and seafood snacks for its convenience. However, the rising adoption of veganism and changing consumer preference toward plant-based diets are expected to fuel the growth of the meat substitutes segment at the fastest rate during the forecast period.
Regional Analysis
Global Frozen Snacks Market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The European frozen snacks market is expected to dominate during the forecast period due to the widespread adoption of healthy eating habits and demand for convenience foods in the region. In the Netherlands, oven cooking of frozen potato snacks cooked is increasing as a healthier alternative to traditional deep-fat frying, which is driving market growth in Europe.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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