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Refrigerated Snacks Market The refrigerated snacks market was valued at $94.8 billion in 2020, and is estimated to reach $165.4 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. The food service industry has grown significantly in the past two decades. The balance of work, family, and social life is becoming difficult for the working population, which in result turning the consumer to shift toward prepared food rather than spending time in preparing it by themselves in order to spend more time with the friends and family, which is the major growth factor of the food service industry. Drivers, restraints, and opportunitiesExpansion of sales channel is the major factor which will contribute in the refrigerated snacks market growth of the refrigerated snacks industry in the near future, and online retail platform is the one among them and is also the fasted growing segment. Presently, many retail players are managing their own web-based retail stores where customers can learn more about the organization and its products.
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Refrigerated Snacks Market Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/14689 Frontrunners in the industry
Ajinomoto
Cargill Incorporated
Charoen Pokphand
ConAgra Foods
General Mills
Keventer Agro Limited
Kraft Heinz
McCain Foods Limited
Nestle S.A.
Unilever plc
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Refrigerated Snacks Market Segment review On the basis of type, the savory snacks segment holds the maximum refrigerated snacks market share, owing to high consumer preference toward savory snacks. However, fruit snacks is expected to be the fastest growing segment during the forecasted period, as many refrigerated market players are working towards launching more healthy fruit snacks in the market owing to the growing consumer demand. By end user, the food sector is the fastest growing segment, owing to the growing demand for ready to cook and serve snacks, which is propelling the demand for refrigerated snacks. However, the residential segment will remain the largest dominating segment of the market, owing to high consumption of refrigerated snacks by consumers at household due to the growth of sedentary lifestyle. By distribution channel, online sales channel is the fastest growing segment, owing to the growth of internet penetration and smart phones around the globe which is propelling the demand for refrigerated snacks. However, residential will remain the largest dominating segment of the market owing to high consumption of refrigerated snacks by consumers at household owing to the growth of sedentary lifestyle.
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Refrigerated Snacks Market Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, Australia, and rest of AsiaPacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa and rest of LAMEA). Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/980dfa5c4be0e017c0fb9029aaab0483 Key findings of the study
By type, the savory refrigerated snacks segment will remain the dominant segment in the year 2020, and is expected to gain market share in the coming years.
By end user, food sector is anticipated to fastest growing segment during the forecast period.
By distribution channel supermarket/hypermarket is the dominating segment in 2020. However, online sales channel is anticipated to be the fastest growing segment during the refrigerated snacks market forecasted period.
By region, Europe dominates in terms of the global refrigerated snacks market share in 2020, and is expected to retain its dominance during the forecast period.
Refrigerated snacks market trends are more inclined towards savory snacks and fruit snacks.
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Refrigerated Snacks Market
Covid-19 scenario
The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Refrigerated Snacks Market. There were huge disruptions in the supply chain as well.
Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again.
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Refrigerated Snacks Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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