Fruits and Vegetables Segment to Dominate Europe Refrigerated Snacks Market during 2020-2028
According to a new market research study on “Europe Refrigerated Snacks Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by type, and distribution channel,” is expected to reach US$ 22,720.70 million by 2028 from US$ 16,822.25 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the Europe refrigerated snacks market along with the drivers and restraints pertaining to the market growth. Growing demand for convenience foods are the major factor driving the growth of the Europe refrigerated snacks market. However, issues associated with the food safety and quality issues associated with refrigerated snacks hinder the growth of Europe refrigerated snacks market.
In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their border. Last year, the COVID-19 outbreak also affected the supply chain of raw materials required for the food & beverage industry to a greater extent; however, market players are coming up with new strategies, research, and development activities, to offers better products in the refrigerated snacks market. This will eventually create more demand for convenient snacks such as refrigerated snacks in the region.
The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the Europe refrigerated snacks market is categorized into baked goods and confectionery, fruits and vegetables, yogurt, meat snacks, sandwiches and savory snacks, and others. In 2020, the fruit and vegetable segment led the market. In 2020, the fruits and vegetables segment held the largest share Europe refrigerated snacks market Based on distribution channel, the Europe refrigerated snacks market is categorized into supermarkets and hypermarkets, convenience store, online retail and others. In 2020, the supermarkets and hypermarkets segment dominated the refrigerated snacks market.
Danone S.A.; General Mills Inc.; Hormel Foods Corporation; Mars Incorporated; Mondelez International, Inc.; Nestle S.A; PepsiCo; The Kraft Heinz Company; are among the leading companies in the Europe refrigerated snacks market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Danone S.A. partners with Bright seed, a bioscience company.
In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their border. Last year, the COVID-19 outbreak also affected the supply chain of raw materials required for the food & beverage industry to a greater extent; however, market players are coming up with new strategies, research, and development activities, to offers better products in the refrigerated snacks market. This will eventually create more demand for convenient snacks such as refrigerated snacks in the region.
The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the Europe refrigerated snacks market is categorized into baked goods and confectionery, fruits and vegetables, yogurt, meat snacks, sandwiches and savory snacks, and others. In 2020, the fruit and vegetable segment led the market. In 2020, the fruits and vegetables segment held the largest share Europe refrigerated snacks market Based on distribution channel, the Europe refrigerated snacks market is categorized into supermarkets and hypermarkets, convenience store, online retail and others. In 2020, the supermarkets and hypermarkets segment dominated the refrigerated snacks market.
Danone S.A.; General Mills Inc.; Hormel Foods Corporation; Mars Incorporated; Mondelez International, Inc.; Nestle S.A; PepsiCo; The Kraft Heinz Company; are among the leading companies in the Europe refrigerated snacks market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Danone S.A. partners with Bright seed, a bioscience company.
The report segments the Europe Refrigerated Snacks Market as follows:
Europe Refrigerated Snacks Market - By Type
- Baked Goods and Confectionery
- Fruits and Vegetables
- Yogurt
- Meat Snacks
- Sandwiches and Savory Snacks
- Others
Europe Refrigerated Snacks Market - By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Store
- Online Retail
- Others
Europe Refrigerated Snacks Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Reasons to buy:
- To understand the Europe refrigerated snacks market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe refrigerated snacks market
- Efficiently plan M&A and partnership deals in Europe refrigerated snacks market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe refrigerated snacks market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region
Frequently Asked Questions about the European Refrigerated Snacks Market
What is the estimated value of the European Refrigerated Snacks Market?
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Who are the key companies in the European Refrigerated Snacks Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 88 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 16822.25 Million |
| Forecasted Market Value ( USD | $ 22720.7 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Europe |
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Refrigerated Snacks Market Landscape
5. Europe Refrigerated Snacks Market - Key Market Dynamics
6. Europe Refrigerated Snacks Products - Global Market Analysis
7. Europe Refrigerated Snacks Market Analysis - By Type
8. Europe Refrigerated Snacks Market Analysis - By Distribution Channel
9. Europe Refrigerated Snacks Market - Country Analysis
10. Impact of COVID-19 Pandemic on Europe Refrigerated Snacks Market
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Danone S.A.
- General Mills Inc.
- Hormel Foods Corporation
- Mars Incorporated
- Mondelez International, Inc.
- Nestle S.A
- PepsiCo
- The Kraft Heinz Company
