Supermarkets and Hypermarkets Segment to Dominate SAM Refrigerated Snacks Market during 2020–2028

According to a new market research study on “SAM Refrigerated Snacks Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by type, and distribution channel,” is expected to reach US$ 6,270.32 million by 2028 from US$ 4,587.14 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the SAM refrigerated snacks market along with the drivers and restraints pertaining to the market growth. New product launches are the major factor driving the growth of the SAM refrigerated snacks market. However, issues associated with the food safety and quality issues associated with refrigerated snacks hinder the growth of SAM refrigerated snacks market.

Brazil stated the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. Nevertheless, the region is experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to lowered export performance in China, Europe, and the US. In addition, containment measures in several South American countries have reduced economic activity in the food and beverage industry; however, the industry is likely to rebound once the country manages to control the epidemic.

The market for refrigerated snacks market is segmented into type, distribution channel, and country. Based on type, the SAM 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 SAM refrigerated snacks market Based on distribution channel, the SAM 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 SAM 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, Mars company has developed and patented a shelf stable refrigerated mousse

The report segments the SAM Refrigerated Snacks Market as follows:

SAM Refrigerated Snacks Market – By Type

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

SAM Refrigerated Snacks Market – By Distribution Channel

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

SAM Refrigerated Snacks Market – By Country

• Brazil
• Argentina
• Rest of SAM