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Refrigerated Snacks Market by Nature (Organic and Conventional), Type (Savory Snacks, Fruits Snacks, Confectionery Snacks, Bakery Snacks, and Others), End-use Application (Food Service Industry and Retail/Household) & Region – Forecast 2022 – 2032
DUBAIUAE, March 29, 2022 /PRNewswire/ — The global refrigerated snacks market is set to witness growth at a CAGR of 4.2% and is anticipated to reach a valuation of around US$ 127.5 Bn by 2032.
|
Refrigerated Snacks Market Size (2022E) |
US$ 84.5 Bn |
|
Refrigerated Snacks Market Projected Size (2032F) |
US$ 127.5 Bn |
|
Value CAGR (2022-2032) |
4.2% |
|
Top 3 Countries Market Share |
25.8% |
Low-calorie food products such as refrigerated snacks are in high demand around the world, as consumers strive to live a healthier lifestyle. Hypermarkets and supermarkets are popular channels for retailing food in urban areas, particularly among middle- and upper-income earners, whereas small shops are more popular among low-income earners.
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Flexitarian consumers are surging in number, which will aid overall expansion of the refrigerated snacks market. Consumers who follow a flexitarian diet eat a plant-based diet with irregular consumption of meat, which is more feasible for consumers than going completely vegan or vegetarian. The flexitarians population is rapidly increasing, increasing demand for plant-based products such as plant-based refrigerated snacks.
Many food giants are supporting the sales of meat substitute goods. With the help of advanced food technology, manufacturers are developing plant-based food products with meat-like taste and texture attributes.
Key Takeaways from Market Study
- The market is segmented based on nature, wherein the conventional refrigerated snacks are anticipated to account for around 87% of the market share over the forecast period.
- The North America refrigerated snacks market is anticipated to dominate the global market with a share of around 29% …
Full story available on Benzinga.com
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