The 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.
However, fluctuating storage temperatures leading to physical changes, such as moisture loss, emulsion destabilization, and recrystallization of sugars and ice in frozen desserts may hinder market growth during the forecast period.The global frozen snacks market has been segmented based on product type, distribution channel, and region.Based on product type, the global 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 consumption of poultry and seafood is high the world owing to their protein content.
The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others.
Technological advancements in the e-commerce industry have enabled the maintenance of temperature of frozen snacks; this, along with the growing consumer preference for online retailing are fueling the growth of the segment.Key PlayersSome of the key players in the global frozen snacks market are The Kraft Heinz Company (US), Nestle S.A. (Switzerland), ConAgra Foods, Inc. (US), Flowers Foods (US), BRF S.A. (Brazil), General Mills (US), Home Market Foods, Inc. (US), Unilever plc (UK), JBS S.A. (Brazil), Maple Leaf Foods Inc. (Canada), 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).Regional AnalysisThe 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.
The 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.
However, fluctuating storage temperatures leading to physical changes, such as moisture loss, emulsion destabilization, and recrystallization of sugars and ice in frozen desserts may hinder market growth during the forecast period.The global frozen snacks market has been segmented based on product type, distribution channel, and region.Based on product type, the global 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 consumption of poultry and seafood is high the world owing to their protein content.
The store-based segment has been further divided into supermarkets and hypermarkets, convenience stores, and others.
Technological advancements in the e-commerce industry have enabled the maintenance of temperature of frozen snacks; this, along with the growing consumer preference for online retailing are fueling the growth of the segment.Key PlayersSome of the key players in the global frozen snacks market are The Kraft Heinz Company (US), Nestle S.A. (Switzerland), ConAgra Foods, Inc. (US), Flowers Foods (US), BRF S.A. (Brazil), General Mills (US), Home Market Foods, Inc. (US), Unilever plc (UK), JBS S.A. (Brazil), Maple Leaf Foods Inc. (Canada), 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).Regional AnalysisThe 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.