The North America Refrigerated Snacks Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Refrigerated snacks are described as snacks that need to be refrigerated to maintain their food quality and extend their shelf life. Snacks of this nature are made and stored at specific temperatures, preserving their entire authenticity and making food consumption more convenient for end users.
Cheese-based snacks, yoghurt snacks, snack bars, pastries, gourmet desserts, dips and spreads, and much more are all available as refrigerated snacks. The demand for refrigerated snacks is expected to expand, owing to changes in consumer lifestyles, changing working demographics, and a growing taste for natural and fresh foods, particularly among the millennial population.
Also, the consumption of nut butters may protect from colon cancer. Additionally, consumption of excess quantity of cholesterol can also lead to heart diseases. Refrigerated snacks like almond as well as other nut butters are effective in controlling cholesterol level of body.
The region is witnessing high demand for ready-to-eat food products. Moreover, many countries of the region have made significant advancements in refrigeration techniques. Along with this, the North American region is also among the largest producer as well as consumer of the pistachios, walnuts and almonds. Owing to this, the region also produces and exports the nut butter in large quantity.
The US market dominated the North America Refrigerated Snacks Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $29.7 billion by 2027. The Canada market is expected to witness a CAGR of 7.7% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 6.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Refrigerated Snacks Market is Estimated 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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