The Europe Refrigerated Snacks Market would witness market growth of 5.2% CAGR during the forecast period (2021-2027).
As people are living a fast-paced lifestyle, the demand for ready-to-eat food products is constantly increasing. The cryogenic equipment, an advanced invention of the refrigerated food industry would also increase the consumption of refrigerated snacks. This equipment is used for freezing the bakery products such as pizza, pastries, bread, wafers, cakes, and other such snacks.
In addition, refrigerating the snacks also prevents the food from harmful bacteria. Bacteria multiply rapidly at room temperature. This is the reason that perishable snacks are meant to be refrigerated. Although preserving the snacks at a cool temperature does not eliminate the growth of bacteria, it reduces the speed of the multiplication of bacteria.
The European consumer reflects economic position, culinary customs, and consumption habits of different countries in terms of preferences. The European region is popular for its high standard of living due to the higher disposable income level of the people. The economic status of the consumers of the European region allows them to buy expensive and standardized products like refrigerated snacks which display their status. The European region has a mature and well-developed refrigerated snack market.
The Germany market dominated the Europe Refrigerated Snacks Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.7 billion by 2027. The UK market would witness a CAGR of 4.4% during (2021 - 2027). Additionally, The France market is experiencing a CAGR of 5.9% during (2021 - 2027).
Based on End User, the market is segmented into Residential and Food Services. Based on Type, the market is segmented into Savory Snacks, Bakery Snacks, Confectionery Snacks, Fruit Snacks and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Specialty Stores, Online Sales Channel and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Refrigerated Snacks Market Size will Hit $141.1 Billion by 2027, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ajinomoto Co. Inc., Charoen Pokphand Foods Public Company Limited, Keventer Agro Limited, Cargill Corporation, Nestle S.A., Conagra Brands, Inc., General Mills, Inc., The Kraft Heinz Company, Unilever PLC, and McCain Foods Limited.
By End User
By Type
By Distribution Channel
By Country
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