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

According to a new market research study on “MEA Refrigerated Snacks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by type, and distribution channel,” is expected to reach US$ 4,426.11 million by 2028 from US$ 3,158.90 million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the MEA refrigerated snacks market along with the drivers and restraints pertaining to the market growth. Growing consumer awareness towards healthy snacking items are the major factor driving the growth of the MEA refrigerated snacks market. However, issues associated with the food safety and quality issues associated with refrigerated snacks hinder the growth of MEA refrigerated snacks market.

Saudi Arabia started the highest number of COVID-19 cases in the Middle East & Africa region, followed by Turkey and the UAE. The UAE is the Middle East & Africa was the first country to report a confirmed case of COVID-19. Due to the lockdowns in the Middle East & African countries, numerous food and beverage companies remain closed, and production activities have also been halted. However, with extra precautionary measures, food manufacturers have started their operation, and mostly, they are going online to offer products. The sale of food products has been increased mainly through online retail rather than supermarkets & hypermarkets. Hence, there are opportunities for refrigerated snack manufacturers to invest in this market.

The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the MEA 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 MEA refrigerated snacks market Based on distribution channel, the MEA 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.

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 MEA 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 MEA Refrigerated Snacks Market as follows:

MEA Refrigerated Snacks Market – By Type

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

MEA Refrigerated Snacks Market – By Distribution Channel

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

MEA Refrigerated Snacks Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA