US Refrigerated Snacks Market Forecast to 2027 - COVID-19 Impact and Country Analysis By Type (Fruit and Vegetable Snacking, Snack Combos, Cheese Snacking, Yogurt Snacks, Cookie Dough, Snack Bars, Sweet Goods and Specialty Desserts and Others); Distribution Channel (Supermarket and Hypermarket, Specialty Store, Online, Others) and Country
Market Introduction
Refrigerated snacks are defined as those forms of snacks, which requires refrigeration to keep intact their food quality and expand their life span. Such types of snacks are prepared and kept under certain temperatures conditions, which preserves their overall authenticity and provides convenience in food consumption to the final consumers. The refrigerated form of snacks includes cheese based snacking, yogurt snacks, snack bars, cookies, specialty desserts, dips and spread and much more. With the shift in consumer lifestyle along with change in working demographics and growing preference towards natural and fresh food, the demand for refrigerated snacks is set to rise, mostly amongst millennial population.
Market Overview and Dynamics
The U.S refrigerated snacks market is accounted to US$ 20,395.84 Million in 2019 and is expected to grow at a CAGR of 6.7% during the forecast period 2020 – 2027, to account to US$ 36,516.28 Million by 2027. Increasing consumer awareness regarding the benefits of protein rich food propels the market growth in the region.
Effect of COVID-19 on U.S Refrigerated Snacks Market
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. Food and beverage is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the travel bans and shutdowns imposed across the US are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months. This is likely to impact the consumer food and beverage industry in the US as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also negatively impact the US refrigerated market growth.
Key Market Segments
Based on type, the refrigerated snacks market is segmented into fruit and vegetable snacking, snack combos, cheese snacking, yogurt snacks, cookie dough, snack bars, sweet goods and specialty desserts, and others. The others segment is expected to grow at the highest CAGR during the forecast period. Based on distribution channel, the refrigerated snacks market is segmented into supermarkets and hypermarkets, specialty store, online, others. The supermarkets and hypermarkets segment led the market in 2019 with the largest share, whereas the others segment is anticipated to grow with the highest CAGR.
Major Sources and Companies Listed
A few of the key players in the U.S refrigerated snacks market are Better Bites Bakery, CONAGRA BRANDS, INC, DANONE S.A, DELIGHTED BY Desserts, GENERAL MILLS, INC., HAIL MERRY, Honey Mama’s, Hormel Foods Corporation, Justin’s, KIND, MARS INCORPORATED, Nelly’s Organic, Nestlé, S.A., Nutt Zo LLC, OHi Bar, PEPSICO, PERFERCT BAR, LLC , SARGENTO FOODS INCORPORATED, Sweet Loren's, Inc. and THE KRAFT HEINZ COMPANY
Reasons to buy the report
- To understand the U.S refrigerated snacks market landscape and identify segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape of the U.S refrigerated snacks market
- To efficiently plan merger and acquisition, and partnership deals in U.S refrigerated snacks market by identifying market segments with the most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment from the market
- To obtain revenue forecast for the market based on various segments from 2018 to 2027
U.S REFRIGERATED SNACKS MARKET SEGMENTATION
U.S Refrigerated Snacks Market – by Type
- Fruit and Vegetable Snacking
- Snack Combos
- Cheese Snacking
- Yogurt Snacks
- Cookie Dough
- Snack Bars
- Sweet Goods and Specialty Desserts
- Others
U.S Refrigerated Snacks Market – by Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Store
- Online
- Others
By Country
- US
Company Profiles
- Better Bites Bakery
- CONAGRA BRANDS, INC
- DANONE S.A
- DELIGHTED BY Desserts
- GENERAL MILLS, INC.
- HAIL MERRY
- Honey Mama’s
- Hormel Foods Corporation
- Justin’s
- KIND
- MARS INCORPORATED
- Nelly’s Organic
- Nestlé, S.A.
- Nutt Zo LLC
- OHi Bar
- PEPSICO
- PERFERCT BAR, LLC
- SARGENTO FOODS INCORPORATED
- Sweet Loren's, Inc.
- 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. Refrigerated Snacks Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US
4.3 Expert Opinion
5. Refrigerated Snacks Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Consumer Awareness About Protein-Rich Food
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 Organic Form of Refrigerated Snacks
5.5 Impact Analysis of Drivers and Restraints
6. Refrigerated Snacks – US Market Analysis
6.1 Refrigerated Snacks Market Overview
6.2 Refrigerated Snacks Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players
7. Refrigerated Snacks Market Analysis – By Type
7.1 Overview
7.2 Refrigerated Snacks Market, By Type (2019 and 2027)
7.3 Fruit and Vegetable Snacking
7.3.1 Overview
7.3.2 Fruit and Vegetable Snacking: Refrigerated snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Snack Combos
7.4.1 Overview
7.4.2 Snack Combos: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Cheese Snacking
7.5.1 Overview
7.5.2 Cheese Snacking: Refrigerated snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Yogurt Snacks
7.6.1 Overview
7.6.2 Yogurt Snacks: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Cookie Dough
7.7.1 Overview
7.7.2 Cookie Dough: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.8 Snack Bars
7.8.1 Overview
7.8.2 Snack Bars: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.9 Sweet Goods and Specialty Desserts
7.9.1 Overview
7.9.2 Sweet goods and specialty desserts: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
7.10 Others
7.10.1 Overview
7.10.2 Others: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
8. US Refrigerated Snacks Market Analysis – By Distribution Channel
8.1 Overview
8.2 Refrigerated snacks Market, By Distribution Channel (2019 and 2027)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Online
8.5.1 Overview
8.5.2 Online: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
9. Overview- Impact of COVID-19
9.1 US : Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Product News
10.2 Merger and Acquisition
11. Key Company Profiles
11.1 Perfect Bar, LLC
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Nestle S.A
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 General Mills, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 The Kraft Heinz Company
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 OHi Bars
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Hail Merry
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 NuttZo LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 PepsiCo
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Conagra Brands, Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 Mars Incorporated
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 Danone S.A.
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products And Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 SARGENTO FOODS INCORPORATED
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Products And Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
11.13 Hormel Foods Corporation
11.13.1 Key Facts
11.13.2 Business Description
11.13.3 Products And Services
11.13.4 Financial Overview
11.13.5 SWOT Analysis
11.13.6 Key Developments
11.14 Sweet Loren's, Inc.
11.14.1 Key Facts
11.14.2 Business Description
11.14.3 Products And Services
11.14.4 Financial Overview
11.14.5 SWOT Analysis
11.14.6 Key Developments
11.15 KIND
11.15.1 Key Facts
11.15.2 Business Description
11.15.3 Products And Services
11.15.4 Financial Overview
11.15.5 SWOT Analysis
11.15.6 Key Developments
11.16 Honey Mama's
11.16.1 Key Facts
11.16.2 Business Description
11.16.3 Products And Services
11.16.4 Financial Overview
11.16.5 SWOT Analysis
11.16.6 Key Developments
11.17 Nelly's Organic’s
11.17.1 Key Facts
11.17.2 Business Description
11.17.3 Products And Services
11.17.4 Financial Overview
11.17.5 Swot Analysis
11.17.6 Key Developments
11.18 Better Bites Bakery
11.18.1 Key Facts
11.18.2 Business Description
11.18.3 Products And Services
11.18.4 Financial Overview
11.18.5 SWOT Analysis
11.18.6 Key Developments
11.19 DELIGHTED BY Desserts
11.19.1 Key Facts
11.19.2 Business Description
11.19.3 Products And Services
11.19.4 Financial Overview
11.19.5 SWOT Analysis
11.19.6 Key Developments
11.20 Justin’s (Hormel Foods Corporation)
11.20.1 Key Facts
11.20.2 Business Description
11.20.3 Products And Services
11.20.4 Financial Overview
11.20.5 SWOT Analysis
11.20.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Refrigerated Snacks Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Glossary of Terms, US Refrigerated Snacks Market
LIST OF FIGURES
Figure 1. US Refrigerated Snacks Market Segmentation
Figure 2. US Refrigerated Snacks Market Overview
Figure 3. Snack Bars Segment Held Largest Share of US Refrigerated Snacks Market
Figure 4. US Refrigerated Snacks Market, Industry Landscape
Figure 5. US: PEST Analysis
Figure 6. Refrigerated Snacks Market Impact Analysis of Driver and Restraints
Figure 7. Country Overview of Refrigerated Snacks Market
Figure 8. US: Refrigerated Snacks Market – Revenue and Forecast to 2027 (US$ Million)
Figure 9. Market Positioning of Key Player In US Refrigerated Snacks Market
Figure 10. Refrigerated Snacks Market Revenue Share, by Product Type (2019 and 2027)
Figure 11. Fruit and Vegetable Snacking: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Snack Combos: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Cheese Snacking: Refrigerated snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Yogurt Snacks: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Cookie Dough: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Snack Bars: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Sweet Goods And Specialty Desserts: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Others: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Refrigerated SnacksMarket Revenue Share, by Distribution Channel (2019 and 2027)
Figure 20. Supermarkets and Hypermarkets: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Specialty Stores: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Online: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Others: Refrigerated Snacks Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in US Country Market
The List of Companies - US Refrigerated Snacks Market
- Perfect Bar, LLC
- Nestle S.A
- General Mills, Inc.
- The Kraft Heinz Company
- OHi Bars
- Hail Merry
- NuttZo LLC
- PepsiCo
- Conagra Brands, Inc
- Mars Incorporated
- Danone S.A
- SARGENTO FOODS INCORPORATED
- Hormel Foods Corporation
- Sweet Loren's, Inc.
- KIND
- Honey Mama's
- Nelly's Organic’s
- Better Bites Bakery
- DELIGHTED BY Desserts
- Justin’s (Hormel Foods Corporation)
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the US refrigerated snacks market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.