Frozen Snack Food Market Size to grow by USD 14.6 billion between 2024-2028
According to a research report “ Frozen Snack Food Market” by Product (Bakery products/meat substitutes/appetizers, Meat/poultry/seafood, Vegetables and fruits) Distribution Channel (Offline, Online) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 14.6 billion, at a CAGR of 6.24% during the forecast period. The global frozen snack food market exhibits a fragmented landscape, with both international and domestic players contributing to its dynamic nature. Vendors in this sector are continually launching new product offerings to capture consumer attention and boost their market presence. Notably, Del Monte Foods Inc., a subsidiary of Del Monte Pacific Ltd., recently expanded its Veggieful brand with a new line of plant-based frozen Riced Veggies in 2021. This strategic move underscores the intense competition and continuous innovation in the market, which is projected to drive growth throughout the forecast period..
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By Product, the Bakery products/meat substitutes/appetizers segment is projected to dominate the market size in 2024
The frozen snack food market encompasses a range of offerings, including bakery items, meat substitutes, frozen sandwiches, cheese snacks, and appetizers. Notably, there has been a significant surge in demand for vegan frozen pizzas, particularly in developed economies. Health-conscious consumers are increasingly favoring plant-based food products due to their perceived health benefits and food safety concerns linked to animal-derived foodstuffs. The vegan diet, which excludes all animal-based products, is gaining traction globally as a healthier alternative. This dietary preference is linked to reduced risks of cardiovascular diseases and metabolic disorders.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
Offline retail channels provide a tangible shopping experience for consumers seeking to personally examine and select frozen snack food products. This traditional method allows consumers to inspect packaging, read ingredient labels, and assess product quality prior to purchase. The absence of shipping and delivery wait times is an added advantage. Offline retailers often entice price-conscious shoppers through promotions, sales, and in-store discounts, thereby driving sales and customer engagement. This hands-on approach caters to consumers' preferences and instills confidence in their purchasing decisions.
Europe is forecasted to hold the largest market size by region in 2024
The frozen snack food market represents a significant growth opportunity for food manufacturers and retailers. With increasing consumer demand for convenient, ready-to-eat options, this sector is witnessing robust expansion. Key market drivers include changing demographics, hectic lifestyles, and advancements in freezing technology. Frozen snacks cater to various dietary preferences, including vegan, gluten-free, and low-calorie options. Companies are focusing on product innovation and sustainable packaging to stay competitive. Overall, the frozen snack food market is poised for continued growth in the foreseeable future.
The Frozen Snack Food Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Frozen Snack Food Market, also known as the Herotein industry, has witnessed significant growth in recent years due to the increasing demand for convenience foods. This market includes a wide range of products such as ready meals, frozen pizza, poultry, and seafood. These foods offer the convenience of being ready-to-eat or requiring minimal preparation time, making them a popular choice among consumers. One of the key trends in this market is the availability of unique flavors and high nutrient levels. Frozen meals now contain an abundance of minerals, vitamins, and nutrients, making them a healthier alternative to traditional fast food. Poultry and seafood options are particularly popular due to their high levels of animal protein. Deep-frozen pizza is another popular category within the Frozen Snack Food Market. Consumers can now enjoy a variety of flavors and toppings, all while maintaining a balanced and nutritious diet. The convenience of contactless delivery has also contributed to the growth of this market, allowing consumers to enjoy their favorite snacks from the comfort of their own homes. Packaged food items in the Frozen Snack Food Market offer a wide range of options for consumers, from classic favorites to new and innovative flavors. The convenience, variety, and nutritional benefits of these foods make them a staple in many households. Whether you're looking for a quick and easy meal or a delicious snack, the Frozen Snack Food Market has something for everyone.
Market Research Overview
The Frozen Snacks Market is a dynamic and growing industry, encompassing a wide range of products from Four Cheese Stuffed Pizza Bites and Three Meat Pepperoni Pizza to Plant-based Meat Dinners and Fruits and Vegetables. Companies like Flowers Foods cater to various dietary lifestyles, including those following Gluten-free diets. HEROTEIN and other meat-based frozen snacks continue to dominate the market, but there's a growing trend towards Ready meals, Poultry, Seafood, and Plant-based diets, including Veganism. Online grocery shopping, Flash freezing, and Food processing have revolutionized the industry, making convenience a key factor. Consumers now seek Clean-label, Organic ingredients, and Unique flavors in their Frozen Snacks. Ready-to-eat meals, Minerals, Vitamins, and Nutrients are essential for health-conscious consumers. Dippers like Chicken fingers, Cutlets, Sausages, and Frozen Burgers, as well as Frozen momos, Squid rings, Fish cakes, Croissants, Pretzels, Fish sticks, Fish fingers, Baguettes, Rolls, Wedges, Nuggets, Fries, and Fries, offer Quick snack options for busy families. With the rise of contactless delivery and Online retail channels, the Frozen Snacks Market continues to expand, providing consumers with Healthier food options that can be easily prepared using Microwaves and other cooking methods. Preservation through Freezing and Preservation ensures a long Shelf life, making Frozen Snacks a popular choice for consumers seeking Convenience and Flavor.
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