Asia-Pacific Refrigerated Snacks Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Baked Goods and Confectionery, Fruits and Vegetables, Yogurt, Meat Snacks, Sandwiches and Savory Snacks, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online Retail, and Others)

TIPRE00023474 | Pages: 88 | Food and Beverages | Jul 2021 | Type: Regional | Status: Published

Market Introduction

Asia Pacific comprises several developing economies, such as China, Japan, South Korea, and Australia. These developed countries are witnessing rapid growth in the middle-class population, along with a change in dietary patterns, which offers several opportunities for the key market players in the refrigerated snacks market. The food processing industries in the countries of Asia Pacific have experienced a huge shift over the years. Due to the ever-increasing disposable income of the middle-income group population, people are willing to pay higher prices for food products, such as refrigerated snacks and other processed food products. Factors such as changing consumer taste preferences and increasing demand for processed food products, as well as the availability of numerous product variants, have boosted the growth of the refrigerated snacks market in Asia Pacific. Also, the growing demand for refrigerated snacks among health-conscious consumers owing to the rising preference for convenience food is further projected to propel the market growth during the forecast period. Increasingly busy urban lifestyles in Asia Pacific have resulted in consumers opting for convenient food that does require less time for cooking or preparation. The rising preference for ready-to-eat meals is fueling the growth of the refrigerated snacks products market.

 

The COVID-19 outbreak is anticipated to cause a significant economic loss in APAC. The consequence and impact are likely to worsen with the spread of the virus. The governments of various APAC countries-imposed lockdowns in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the production of refrigerated snacks. The governments have asked the food and beverage manufacturers to delay their production, which has been adversely affected the global supply of food, including refrigerated snacks. However, in 2021, the government of different countries in APAC are now offering vaccination to people and taking precautionary measures to protect people against the spread of Covid-19. The governments of APAC countries have realigned their operations, restructured their production facilities, and procured raw materials required for refrigerated snacks in advance to avoid an imbalance between supply and demand. Also, e-commerce network is playing a major role in food product distribution during the pandemic, and people mostly prefer buying products online.


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Market Overview and Dynamics

The refrigerated snacks market in APAC is expected to grow from US$ 13,262.47 million in 2021 to US$ 19,843.73 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. Rise in demand for convenience foods; There is a surge in demand for refrigerated snacks attributable to the rise in purchasing power along with growing consumer preference toward healthy and ready-to-eat convenience food items. Further, with the growing food &beverages industry, rise in the working population, and wider product availability through both online and offline retailing, consumers are inclining more toward convenience foods. Refrigerated snacks are readily available in retail outlets or stores and are increasingly being used as a condiment to add taste, texture, and nutrition to the food product in which they are used. Consumers are inclining over fresher and less processed products that are equally healthy and nutritious and can be directly consumed. With the expansion of the distribution network, convenience foods have gained a shelf in the supermarkets & retail outlets. Additionally, the change in working demographics along with busy lifestyles is among the other factors promoting the demand for convenience food items. With the increase in the demand for convenience food items, the need for refrigerated snacks is set to propel. These snacks offered ease of use, easy to carry in a small space and provide nutrients, due to which some people prefer to have it rather than a proper meal. Furthermore, the surge in population in economies like India and China, diversification in food habits, and exposure to global food brands are creating the demand for refrigerated snacks. Companies are delivering products with the improved quality of refrigerated snacks and efficient distribution channels to serve the broader customer base to meet the increasing demands. This is bolstering the growth of the refrigerated snacks market.

Key Market Segments

In terms of type, the fruits and vegetables segment accounted for the largest share of the APAC refrigerated snacks market in 2020. In terms of distribution channel, the supermarkets and hypermarkets segment held a larger market share of the refrigerated snacks market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the refrigerated snacks market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Danone S.A.; General Mills Inc.; Hormel Foods Corporation; Mars Incorporated; Mondelez International, Inc.; Nestle S.A; PepsiCo; The Kraft Heinz Company; among others.

Reasons to buy report

  • To understand the APAC refrigerated snacks market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC refrigerated snacks market
  • Efficiently plan M&A and partnership deals in APAC refrigerated snacks market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC refrigerated snacks market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

 

 

APACREFRIGERATED SNACKS MARKETSEGMENTATION

APAC Refrigerated Snacks Market – By Type

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

 

APAC Refrigerated Snacks Market – By Distribution Channel

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

APAC Refrigerated Snacks Market – By Country

  • US
  • Canada 
  • Mexico      

 

APAC Refrigerated Snacks Market -Companies Mentioned

  • Danone S.A.
  • General Mills Inc.
  • Hormel Foods Corporation
  • Mars Incorporated
  • Mondelez International, Inc.
  • Nestle S.A
  • PepsiCo
  • The Kraft Heinz Company
 

1.             Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.             APAC Refrigerated Snacks Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.2.1        Asia Pacific

4.3        Expert Opinion

5.             APAC Refrigerated Snacks Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Increasing Consumer Awareness Towards Healthy Snacking Items

5.1.2        Rise in Demand for Convenience Foods

5.2        Market Restraints

5.2.1        Food Safety and Quality Issues Associated with Refrigerated Snacks

5.3        Market Opportunities

5.3.1        New Product Launches

5.4        Future Trends

5.4.1        Growing Demand for Fresh Snacks and Plant-Based Refrigerated Snacks

5.5        Impact Analysis

6.             Refrigerated Snacks Products– APAC Market Analysis

6.1        APAC Refrigerated Snacks Market Overview

6.2        APAC Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)

7.             APAC Refrigerated Snacks Market Analysis – By Type

7.1        Overview

7.2        APAC Refrigerated Snacks Market, By Type (2020 and 2028)

7.3        Baked Goods and Confectionery

7.3.1        Overview

7.3.2        Baked Goods and Confectionery: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.4        Fruits and Vegetables

7.4.1        Overview

7.4.2        Fruits and Vegetables: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.5        Yogurt

7.5.1        Overview

7.5.2        Yogurt: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.6        Meat Snacks

7.6.1        Overview

7.6.2        Meat Snacks: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.7        Sandwiches & Savory Snacks

7.7.1        Overview

7.7.2        Sandwiches & Savory Snacks: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

7.8        Others

7.8.1        Overview

7.8.2        Others: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.             APAC Refrigerated Snacks Market Analysis – By Distribution Channel

8.1        Overview

8.2        APAC Refrigerated Snacks Market, By Distribution channel (2020 and 2028)

8.3        Supermarkets and Hypermarkets

8.3.1        Overview

8.3.2        Supermarkets and Hypermarkets: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.4        Convenience Store

8.4.1        Overview

8.4.2        Convenience Store: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.5        Online Retail

8.5.1        Overview

8.5.2        Online Retail: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

8.6        Others

8.6.1        Overview

8.6.2        Others: APAC Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Mn)

9.             APAC Refrigerated Snacks Market– Country Analysis

9.1        Overview

9.1.1        Asia Pacific: Refrigerated Snacks Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2        Asia Pacific: Refrigerated Snacks Market, by Key Country

9.1.2.1       Australia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.1.1       Australia: Refrigerated Snacks Market, by Type

9.1.2.1.2       Australia: Refrigerated Snacks Market, by Distribution Channel

9.1.2.2       China: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.1       China: Refrigerated Snacks Market, by Type

9.1.2.2.2       China: Refrigerated Snacks Market, by Distribution Channel

9.1.2.3       India: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1       India: Refrigerated Snacks Market, by Type

9.1.2.3.2       India: Refrigerated Snacks Market, by Distribution Channel

9.1.2.4       Japan: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.4.1       Japan: Refrigerated Snacks Market, by Type

9.1.2.4.2       Japan: Refrigerated Snacks Market, by Distribution Channel

9.1.2.5       South Korea: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.5.1       South Korea: Refrigerated Snacks Market, by Type

9.1.2.5.2       South Korea: Refrigerated Snacks Market, by distribution channel

9.1.2.6       Rest of Asia Pacific: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

9.1.2.6.1       Rest of Asia Pacific: Refrigerated Snacks Market, by Type

9.1.2.6.2       Rest of Asia Pacific: Refrigerated Snacks Market, by Distribution Channel

10.          Impact of COVID-19 Pandemic on APAC Refrigerated Snacks Market

10.1      Impact of COVID-19 on Refrigerated snacks Market

10.2      APAC: Impact Assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1      Mergers & acquisition

11.2      Product Launch

11.3      Product News

11.4      Merger and Acquisition

11.5      Company News

12.          Company Profiles

12.1      Mondelez International, Inc.

12.1.1      Key Facts

12.1.2      Business Description

12.1.3      Products and Services

12.1.4      Financial Overview

12.1.5      SWOT Analysis

12.1.6      Key Developments

12.2      Nestle S.A

12.2.1      Key Facts

12.2.2      Business Description

12.2.3      Products and Services

12.2.4      Financial Overview

12.2.5      SWOT Analysis

12.3      General Mills Inc.

12.3.1      Key Facts

12.3.2      Business Description

12.3.3      Products and Services

12.3.4      Financial Overview

12.3.5      SWOT Analysis

12.3.6      Key Developments

12.4      The Kraft Heinz Company

12.4.1      Key Facts

12.4.2      Business Description

12.4.3      Products and Services

12.4.4      Financial Overview

12.4.5      SWOT Analysis

12.4.6      Key Developments

12.6      PepsiCo

12.6.1      Key Facts

12.6.2      Business Description

12.6.3      Products and Services

12.6.4      Financial Overview

12.6.5      SWOT Analysis

12.8      Mars Incorporated

12.8.1      Key Facts

12.8.2      Business Description

12.8.3      Products and Services

12.8.4      Financial Overview

12.8.5      SWOT Analysis

12.8.6      Key Developments

12.9      Danone S.A.

12.9.1      Key Facts

12.9.2      Business Description

12.9.3      Products And Services

12.9.4      Financial Overview

12.9.5      SWOT Analysis

12.9.6      Key Developments

12.10   Hormel Foods Corporation

12.10.1    Key Facts

12.10.2    Business Description

12.10.3    Products And Services

12.10.4    Financial Overview

12.10.5    SWOT Analysis

12.10.6    Key Developments

13.          Appendix

13.1      About The Insight Partners

13.2      Glossary

LIST OF TABLES

Table 1.              APAC Refrigerated Snacks Market –Revenue and Forecast To 2028 (US$ Million)

Table 2.              APAC Refrigerated Snacks Market, By Type – Revenue and Forecast To 2028 (US$ Million)

Table 3.              Australia Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 4.              Australia Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 5.              China Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 6.              China Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 7.              India Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 8.              India Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 9.              Japan Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 10.            Japan Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 11.            South Korea Refrigerated Snacks Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.            South Korea Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028  (US$ Million)

Table 13.            Rest of Asia Pacific Refrigerated Snacks Market, by Type– Revenue and Forecast to 2028 (US$ Million)

Table 14.            Rest of Asia Pacific Refrigerated Snacks Market, by Distribution Channel – Revenue and Forecast to 2028  (US$ Million)

Table 15.            Glossary of Terms, Global Refrigerated Snacks Market

LIST OF FIGURES

Figure 1.            APAC Refrigerated Snacks Market Segmentation

Figure 2.            APAC Refrigerated Snacks Market Segmentation – By Country

Figure 3.            APAC Refrigerated Snacks Market Overview

Figure 4.            Fruit and Vegetable Segment Held Largest Share of APAC Refrigerated Snacks Market

Figure 5.            China Held Largest Share of APAC Refrigerated Snacks Market

Figure 6.            APAC Refrigerated Snacks Market, Industry Landscape

Figure 7.            Asia Pacific: PEST Analysis

Figure 8.            Expert Opinion

Figure 9.            Impact Analysis of Drivers and Restraints

Figure 11.          APAC: Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12.          APAC Refrigerated Snacks Market Revenue Share, By Type (2020 and 2028)

Figure 13.          Baked Goods and Confectionery: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14.          Fruits and Vegetables: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.          Yogurt: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16.          Meat Snacks: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.          Sandwiches & Savory Snacks: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18.          Others: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.          APAC Refrigerated Snacks Market Revenue Share, By Distribution channel (2020 and 2028)

Figure 20.          Supermarkets and Hypermarkets: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.          Convenience Store: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22.          Online Retail: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23.          Others: APAC Refrigerated Snacks Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.          Asia Pacific: Refrigerated Snacks Market – Revenue by Country to 2028 (US$ Million)

Figure 25.          Asia Pacific: Refrigerated Snacks Market Revenue Share, by Key Country (2020 and 2028)

Figure 26.          Australia: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.          China: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.          India: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.          Japan: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30.          South Korea: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 31.          Rest of Asia Pacific: Refrigerated Snacks Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32.          Impact of COVID-19 Pandemic on Refrigerated Snacks Market in APAC

 

  1. Danone S.A.
  2. General Mills Inc.
  3. Hormel Foods Corporation
  4. Mars Incorporated
  5. Mondelez International, Inc.
  6. Nestle S.A
  7. PepsiCo
  8. The Kraft Heinz Company
  • To understand the APAC refrigerated snacks market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC refrigerated snacks market
  • Efficiently plan M&A and partnership deals in APAC refrigerated snacks market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC refrigerated snacks market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region
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