The Latin America, Middle East and Africa Refrigerated Snacks Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027).
Usually, refrigerating the snacks maintain the minerals and vitamin content of the food along with not affecting the fat, protein, or carbohydrate content in it. Even it is also seen that in case of some products, refrigerated snacks have more minerals and vitamins in comparison to Fresh snacks. This is because the regular snacks spoil after a time whereas refrigerating can preserve nutrients.
Additionally, refrigerated snacks are an affordable and convenient source to have healthy food habits. Adoption of these refrigerated snacks flexibility over mealtimes as delicious snacks can be kept in refrigerators till consumption. Such kinds of snacks eliminate the risk of contamination and thus can be stored in a sufficient amount without any worry.
According to the estimations of World Health Organization, about 41 million children are overweight or obese. Latin America is recorded as the country having highest number of overweight children and adolescents which is approximately 20 to 25% of the overall population of children and adolescents in the region. Also, the National Nutrient and Health Survey conducted in Argentina indicates that 10.6% of children in the region are overweight.
The Brazil market dominated the LAMEA Refrigerated Snacks Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.6 billion by 2027. The Argentina market is poised to grow a CAGR of 7.9% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Refrigerated Snacks Market is Predict to reach $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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