Fruits and Vegetables Segment to Dominate Europe Refrigerated Snacks Market during 2020–2028

According to a new market research study on “Europe Refrigerated Snacks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by type, and distribution channel,” is expected to reach US$ 22,720.70 million by 2028 from US$ 16,822.25 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the Europe refrigerated snacks market along with the drivers and restraints pertaining to the market growth. Growing demand for convenience foods are the major factor driving the growth of the Europe refrigerated snacks market. However, issues associated with the food safety and quality issues associated with refrigerated snacks hinder the growth of Europe refrigerated snacks market.

In Europe, currently, the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to the lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their border. Last year, the COVID-19 outbreak also affected the supply chain of raw materials required for the food & beverage industry to a greater extent; however, market players are coming up with new strategies, research, and development activities, to offers better products in the refrigerated snacks market. This will eventually create more demand for convenient snacks such as refrigerated snacks in the region.

The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the Europe refrigerated snacks market is categorized into baked goods and confectionery, fruits and vegetables, yogurt, meat snacks, sandwiches and savory snacks, and others. In 2020, the fruit and vegetable segment led the market. In 2020, the fruits and vegetables segment held the largest share Europe refrigerated snacks market Based on distribution channel, the Europe refrigerated snacks market is categorized into supermarkets and hypermarkets, convenience store, online retail and others. In 2020, the supermarkets and hypermarkets segment dominated the refrigerated snacks market.

Danone S.A.; General Mills Inc.; Hormel Foods Corporation; Mars Incorporated; Mondelez International, Inc.; Nestle S.A; PepsiCo; The Kraft Heinz Company; are among the leading companies in the Europe refrigerated snacks market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Danone S.A. partners with Bright seed, a bioscience company

The report segments the Europe Refrigerated Snacks Market as follows:

Europe Refrigerated Snacks Market – By Type

• Baked Goods and Confectionery
• Fruits and Vegetables
• Yogurt
• Meat Snacks
• Sandwiches and Savory Snacks
• Others

Europe Refrigerated Snacks Market – By Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Store
• Online Retail
• Others

Europe Refrigerated Snacks Market – By Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe