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Asia-Pacific Refrigerated Snacks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Distribution Channel

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    Report

  • 88 Pages
  • July 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5416167
UP TO OFF until Mar 15th 2023
Supermarkets and Hypermarkets Segment to Dominate APAC Refrigerated Snacks Market during 2020-2028



According to a new market research study on “APAC Refrigerated Snacks Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by type, and distribution channel,” is expected to reach US$ 19,843.73 million by 2028 from US$ 13,262.47 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the APAC refrigerated snacks market along with the drivers and restraints pertaining to the market growth .Growing demand for fresh snacks and plant-based refrigerated snacks are the major factor driving the growth of the APAC refrigerated snacks market. However, issues associated with the food safety and quality issues associated with refrigerated snacks hinder the growth of APAC refrigerated snacks market.

The COVID-19 outbreak is anticipated to cause a significant economic loss in APAC. The consequence and impact are likely to worsen with the spread of the virus. The governments of various APAC countries-imposed lockdowns in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the production of refrigerated snacks. The governments have asked the food and beverage manufacturers to delay their production, which has been adversely affected the global supply of food, including refrigerated snacks. However, in 2021, the government of different countries in APAC are now offering vaccination to people and taking precautionary measures to protect people against the spread of Covid-19. The governments of APAC countries have realigned their operations, restructured their production facilities, and procured raw materials required for refrigerated snacks in advance to avoid an imbalance between supply and demand. Also, e-commerce network is playing a major role in food product distribution during the pandemic, and people mostly prefer buying products online.

The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the APAC 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 APAC refrigerated snacks market Based on distribution channel, the APAC 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 APAC 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, General Mills announced that their refrigerated cookies and dough are “safe to eat raw” as marked by the seal on the packaging.

The report segments the APAC Refrigerated Snacks Market as follows:


APAC Refrigerated Snacks Market - By Type

  • Baked Goods and Confectionery
  • Fruits and Vegetables
  • Yogurt
  • Meat Snacks
  • Sandwiches and Savory Snacks
  • Others

APAC Refrigerated Snacks Market - By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Store
  • Online Retail
  • Others

APAC Refrigerated Snacks Market - By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

Reasons to buy:

  • To understand the APAC 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 APAC refrigerated snacks market
  • Efficiently plan M&A and partnership deals in APAC 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 APAC refrigerated snacks market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region
Frequently Asked Questions about the Asia-Pacific Refrigerated Snacks Market

What is the estimated value of the Asia-Pacific Refrigerated Snacks Market?

The Asia-Pacific Refrigerated Snacks Market was estimated to be valued at $13262.47 Million in 2021.

What is the growth rate of the Asia-Pacific Refrigerated Snacks Market?

The growth rate of the Asia-Pacific Refrigerated Snacks Market is 5.9%, with an estimated value of $19843.73 Million by 2028.

What is the forecasted size of the Asia-Pacific Refrigerated Snacks Market?

The Asia-Pacific Refrigerated Snacks Market is estimated to be worth $19843.73 Million by 2028.

Who are the key companies in the Asia-Pacific Refrigerated Snacks Market?

Key companies in the Asia-Pacific Refrigerated Snacks Market include Danone S.A., General Mills Inc., Hormel Foods Corporation, Mars Incorporated, Mondelez International, Inc., Nestle S.A and The Kraft Heinz Company.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. APAC Refrigerated Snacks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinion
5. APAC Refrigerated Snacks Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Consumer Awareness Towards Healthy Snacking Items
5.1.2 Rise in Demand for Convenience Foods
5.2 Market Restraints
5.2.1 Food Safety and Quality Issues Associated with Refrigerated Snacks
5.3 Market Opportunities
5.3.1 New Product Launches
5.4 Future Trends
5.4.1 Growing Demand for Fresh Snacks and Plant-Based Refrigerated Snacks
5.5 Impact Analysis
6. Refrigerated Snacks Products - APAC Market Analysis
6.1 APAC Refrigerated Snacks Market Overview
6.2 APAC Refrigerated Snacks Market -Revenue and Forecast To 2028 (US$ Million)
7. APAC Refrigerated Snacks Market Analysis - By Type
7.1 Overview
7.2 APAC Refrigerated Snacks Market, By Type (2020 and 2028)
7.3 Baked Goods and Confectionery
7.3.1 Overview
7.3.2 Baked Goods and Confectionery: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Fruits and Vegetables
7.4.1 Overview
7.4.2 Fruits and Vegetables: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Yogurt
7.5.1 Overview
7.5.2 Yogurt: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Meat Snacks
7.6.1 Overview
7.6.2 Meat Snacks: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Sandwiches & Savory Snacks
7.7.1 Overview
7.7.2 Sandwiches & Savory Snacks: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
8. APAC Refrigerated Snacks Market Analysis - By Distribution Channel
8.1 Overview
8.2 APAC Refrigerated Snacks Market, By Distribution channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Convenience Store
8.4.1 Overview
8.4.2 Convenience Store: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
9. APAC Refrigerated Snacks Market - Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
9.1.2 Asia Pacific: Refrigerated Snacks Market, by Key Country
9.1.2.1 Australia: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Australia: Refrigerated Snacks Market, by Type
9.1.2.1.2 Australia: Refrigerated Snacks Market, by Distribution Channel
9.1.2.2 China: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 China: Refrigerated Snacks Market, by Type
9.1.2.2.2 China: Refrigerated Snacks Market, by Distribution Channel
9.1.2.3 India: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India: Refrigerated Snacks Market, by Type
9.1.2.3.2 India: Refrigerated Snacks Market, by Distribution Channel
9.1.2.4 Japan: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 Japan: Refrigerated Snacks Market, by Type
9.1.2.4.2 Japan: Refrigerated Snacks Market, by Distribution Channel
9.1.2.5 South Korea: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 South Korea: Refrigerated Snacks Market, by Type
9.1.2.5.2 South Korea: Refrigerated Snacks Market, by distribution channel
9.1.2.6 Rest of Asia Pacific: Refrigerated Snacks Market -Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of Asia Pacific: Refrigerated Snacks Market, by Type
9.1.2.6.2 Rest of Asia Pacific: Refrigerated Snacks Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on APAC Refrigerated Snacks Market
10.1 Impact of COVID-19 on Refrigerated snacks Market
10.2 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Mergers & acquisition
11.2 Product Launch
11.3 Product News
11.4 Merger and Acquisition
11.5 Company News
12. Company Profiles
12.1 Mondelez International, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nestle S.A
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 General Mills Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 The Kraft Heinz Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.6 PepsiCo
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.8 Mars Incorporated
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Danone S.A.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products And Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Hormel Foods Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products And Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About
13.2 Glossary
List of Tables
Table 1. APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Refrigerated Snacks Market, By Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. China Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 7. India Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. India Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Refrigerated Snacks Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Asia Pacific Refrigerated Snacks Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Global Refrigerated Snacks Market
List of Figures
Figure 1. APAC Refrigerated Snacks Market Segmentation
Figure 2. APAC Refrigerated Snacks Market Segmentation - By Country
Figure 3. APAC Refrigerated Snacks Market Overview
Figure 4. Fruit and Vegetable Segment Held Largest Share of APAC Refrigerated Snacks Market
Figure 5. China Held Largest Share of APAC Refrigerated Snacks Market
Figure 6. APAC Refrigerated Snacks Market, Industry Landscape
Figure 7. Asia Pacific: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 11. APAC: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)
Figure 13. Baked Goods and Confectionery: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Fruits and Vegetables: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Yogurt: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Meat Snacks: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Sandwiches & Savory Snacks: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 18. Others: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 19. APAC Refrigerated Snacks Market Revenue Share, By Distribution channel (2020 and 2028)
Figure 20. Supermarkets and Hypermarkets: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Convenience Store: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 22. Online Retail: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Others: APAC Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Asia Pacific: Refrigerated Snacks Market - Revenue by Country to 2028 (US$ Million)
Figure 25. Asia Pacific: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. Australia: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Asia Pacific: Refrigerated Snacks Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic on Refrigerated Snacks Market in APAC

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