Refrigerated Snacks Market size is Expected to Garner $165.4 Billion by 2030 | Growing at a CAGR of 5.6%

Refrigerated snacks can be defined as those forms of snacks which requires refrigeration in order to keep its quality unharmed and to expand their shelf life. Refrigerated snacks are manufactured and kept under a certain temperature conditions in order to preserve its overall authenticity and provide convenience in food consumption to the final consumers.

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/14689

Rapid growth of the food services industry, increase in adoption of convenience food with the rising inclination toward sedentary life style, and emergence of clean label refrigerated snacks drive the growth of the global refrigerated snacks market. On the other hand, availability of substitute products restrains the growth to some extent. However, surge in demand for vegan foods & snacks and expanding sales channel are expected to create lucrative opportunities in the industry.

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.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/0be653f0633988446bfb58e2d162380e

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Based on end-user, the residential segment generated the highest share in 2020, accounting for nearly two-thirds the global market. The food service segment, however, would exhibit the fastest CAGR of 6.4% from 2021 to 2030.

Expansion 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. The availability of multiple options of product and their price comparison on online platforms is also resulting in an increase in the number of online shopping by the consumers.

𝐌𝐚𝐤𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/14689

Based on type, the savory snacks segment accounted for the major share in 2020, holding around one-third of the global market. The fruit snacks segment, however, would exhibit the fastest CAGR of 7.9% throughout the forecast period.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Frozen Vegetables Market - https://www.alliedmarketresearch.com/frozen-vegetables-market

Fermented Milk Market - https://www.alliedmarketresearch.com/fermented-milk-market-A05952

Sugar Free Mints Market - https://www.alliedmarketresearch.com/sugar-free-mints-market-A31654

Liquid Cheese Market - https://www.alliedmarketresearch.com/liquid-cheese-market-A74417

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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