Europe Frozen Snacks Market Research Report Forecast to 2028

Europe Frozen Snacks Market Research Report Forecast to 2028

Market Overview

Europe frozen snacks market has witnessed substantial growth over the last few years and is projected to reach USD 41,806.2 million by the end of 2028 at a CAGR of 6.37% from 2021 to 2028. Frozen snacks refer to snacking items that are precooked, preserved by a freezing process, assembled into a package, and stored in a freezer till consumption. The freezing process preserves the food product until served or consumed. Frozen snacks distributed through retailers as well as food service channels are considered in the scope of the report.

The Europe frozen snacks market witnessed significant growth over the last few years and is projected to register a CAGR of 6.37% during the forecast period. The major growth drivers are the rising demand for convenience snacking, the mounting growth of the food service industry, and the massive growth of online sales. However, regulatory framework and high product costs are set to curb the market growth of frozen snacks. Nevertheless, advancements in the cold chain market and demand for organic food products are expected to create lucrative growth opportunities for players operating in the Europe frozen snacks market during the forecast period. Market players, mainly the new entrants and small regional players, are faced with the challenge of significant capital investments for branding, thus limiting their growth in this competitive market.

Market Segmentation

Based on product type, the frozen snacks market has been segmented into meat, poultry, & seafood; bakery & confectionary, potato-based, fruit-based, vegetable-based, cheese-based, and wontons/dumplings. Among these segments, the meat, poultry, & seafood segment holds the largest share owing to robust demand for animal-based products in the European market. Based on category, the frozen snacks market has been segmented into organic and conventional. Among these segments, the conventional frozen snacks segment holds the largest share owing to robust demand in the Europe market. Based on the distribution channel, the frozen snacks market has been segmented into food retail and food service. Among these segments, the food retail segment holds the largest share owing to high demand in Europe.

Regional Analysis

Germany accounted for the largest market share of 18.95% in 2020, with a market value of USD 4,874.9 million; the market is expected to register a CAGR of 6.06% during the forecast period. UK was the second-largest market in 2020, valued at USD 3,274.1 million; the market is projected to exhibit a CAGR of 6.62%. However, the market in France is expected to register the highest CAGR of 7.20%.

Major Players

The key players operating in Europe frozen snacks market include Nestlé S.A. (Switzerland), Nomad Foods (UK), McCain Foods Limited (Canada), DR. August Oetker Nahrungsmittel Kg (Germany), GoodLife Foods (Netherlands), Agrarfrost Gmbh & Co. Kg (Germany), UPB Products (UK), Dafgårds SE (Sweden), Margherita Srl (Aargau), and Frutteto Ltd (England).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Nestlé S.A. (Switzerland)
Nomad Foods (UK)
McCain Foods Limited (Canada)
DR. August Oetker Nahrungsmittel Kg (Germany)
GoodLife Foods (Netherlands)
Agrarfrost Gmbh & Co. Kg (Germany)
UPB Products (UK)
Dafgårds SE (Sweden)
Margherita Srl (Aargau)
and Frutteto Ltd (England)

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