The Asia Pacific Refrigerated Snacks Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027).
Consumption of healthy refrigerated snacks may increase nutrient intake, help the body to recover from exercise, sustain the energy level and serve with various other health benefits to the consumers. Snacks are also proven beneficial for people struggling with sugar levels of blood as they can balance the sugar level in the body. Also, many of the refrigerated snacks such as cheese sticks can be consumed as a post-workout snack.
As refrigerated snacks have better shelf life, they significantly reduce the possibility of wastage. Even according to the British Food Journal, refrigerated snacks produce approximately 47 percent less wastage in comparison to the fresh snacks kept at room temperature. By the way of refrigerating, snacks can be secured from the harmful micro-organisms which may lead to food poisoning.
In addition, China is among the countries having the largest e-commerce channel in the world. The nation’s e-commerce channel serves a wide range of brands and products allowing the consumers to choose the most suitable one for them. Not only this the rise in food service establishments such as restaurants, hotels, and cafes are also recorded in emerging economies like China and India. Hence, these aspects would open new growth avenues for the regional refrigerated snacks market during the forecasting period.
The China market dominated the Asia Pacific Refrigerated Snacks Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.1 billion by 2027. The Japan market is anticipated to grow a CAGR of 5% during (2021 - 2027). Additionally, The India market would experience a CAGR of 6.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Refrigerated Snacks Market is Projected to reach USD 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.
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