The rising demand for convenience foods and other major driving factors is expected to favor the rise in the global frozen snacks market
Reports and Insights has published a new report titled, “Frozen Snacks Market: Opportunity Analysis and Future Assessment 2022-2030”
The frozen snacks market is estimated to reach at a value of US$ 508.8 Bn by the end of 2022 and expected to reach at a value of US$ 3,602.70 Bn by 2030 with a significant CAGR of 27.8%.
Global Frozen Snacks Market, 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)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
Frozen food is portrayed as food commodities that are preserved under cold temperature and put to use over an extended stretch. The frozen snacks market entails various food commodities, comprising fruit snacks and vegetables, seafood snacks and meat poultry, meat substitutes, bakery products, frozen sweets and several other food items. In today’s contemporary world, the global market is witnessing rapidly soaring demand for convenience and ready-to-eat food commodities, specifically in the younger population, which are majorly accelerating the demand of frozen foods across the global markets.
With the same token, the hectic lifestyle of consumers further acts as a leading factor propelling the demand of frozen food around the world. Owing to which, the global frozen snacks market is projected to witness significant growth over the following years.
In addition to that, the hefty spending potential of consumers together with the economic stability are also some of the chief factors that are further estimated to offer enormous breakthroughs to the growth of the global frozen snacks market over the forthcoming future.
Moreover, the refrigerated or frozen vegetable food commodities and meat substitutes have also achieved momentum in the past few years, attributing to the growth in health-conscious consumers in emerging countries.
What is more, the leading players are consistently striving to elevate their market share by way of effective research & development and product innovation which is further expected to back the market growth in the coming years.
Reports and Insights Study identifies some of the key participating players in the frozen snacks market globally are Nestle, ConAgra Foods Inc., Ajinomoto Co. Inc., McCain Foods, and Kraft Heinz Co., and Cargill Incorporated, among others.
About Reports and Insights
Reports and Insights is one of the leading market research companies which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with a strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
Reports and Insights
For Sales Query: [email protected]
For New Topics & Other Info: [email protected]