Who are the key players in Frozen Snacks Market?

McCain Foods Limited, Conagra Brands Inc., Nomad Foods Limited, Kraft Heinz Co and Nestlé S.A. are the major companies operating in the Frozen Snacks Market. Read More

Which is the fastest growing region in Frozen Snacks Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Frozen Snacks Market?

In 2024, the North America accounts for the largest market share in Frozen Snacks Market. Read More

What years does this Frozen Snacks Market cover, and what was the market size in 2023?

In 2023, the Frozen Snacks Market size was estimated at USD 103.48 billion. The report covers the Frozen Snacks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Frozen Snacks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Frozen Snacks Market Size

Market Size of Frozen Snacks Industry

Study Period	2019 - 2029
Market Size (2024)	USD 107.86 Billion
Market Size (2029)	USD 132.68 Billion
CAGR (2024 - 2029)	4.23 %
Fastest Growing Market	Asia-Pacific
Largest Market	North America
Major Players *Disclaimer: Major Players sorted in no particular order

Frozen Snacks Market Analysis

The Frozen Snacks Market size is estimated at USD 107.86 billion in 2024, and is expected to reach USD 132.68 billion by 2029, growing at a CAGR of 4.23% during the forecast period (2024-2029).

During the COVID-19 pandemic, the frozen snacks market experienced a sudden increase in sales due to the availability of products in e-commerce stores and various supermarkets and hypermarkets offering home delivery to customers. With the rapid spread of the virus, consumers' awareness and hygiene practices increased, creating an enormous opportunity for e-commerce stores to offer contactless delivery of fully sanitized packaged food items in various countries worldwide. However, continuous innovation in the sector to provide appropriate packaging aids the overall growth of the market.

Key players are introducing new types of ingredients and products to cater to the tastes of consumers on a regional basis. The rising preference of consumers toward convenience products fuels the growing demand for frozen products due to their effortlessness and time-saving benefits as compared to cooking from scratch. The frozen snacks market is expanding rapidly due to the increasing number of working populations and their hectic lifestyles, which is expected to boost the frozen snacks market significantly.

Italian cuisine is gaining traction in the global market, and the trend of deep-frozen pizza is capturing majorities of the Asian, European, and North American markets. The manufacturers are coming up with innovative techniques to meet consumer demands and boost the growth of the market. The intake of animal protein is associated with high cholesterol levels, fat intake, and calorie intake, which increase the risk of cardiac diseases, high blood sugar levels, and obesity. Hence, consumers are showing an inclination toward vegan sources of protein, which, in turn, has created a good platform for the players offering plant-based or vegan frozen products.

Frozen Snacks Industry Segmentation

As per the scope of the report, frozen snacks are a type of snack food that is subjected to rapid freezing and kept frozen until consumed. Similar to snacks, a small portion of food is consumed between meals. The frozen snacks market is segmented based on product type, distribution channels, and geography. By product type, the market is segmented into potato fries, pizzas, and other frozen snacks. By distribution channel, the market is segmented into retail and food service. The retail channel is further segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers the market size and values in (USD million) for the above segments.

Product Type
		Potato Fries
		Pizzas
		Other Frozen Snacks

Distribution Channel

Retail
	Supermarkets/Hypermarkets
	Convenience Stores
	Online Retail Stores
	Other Distribution Channels

Food service

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	South Africa
	United Arab Emirates
	Rest of Middle East and Africa

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Frozen Snacks Market Size Summary

The frozen snacks market is experiencing significant growth, driven by changing consumer preferences and lifestyle trends. The demand for convenience foods, which offer time-saving benefits and ease of preparation, is on the rise, particularly among working populations with busy schedules. The market's expansion is further fueled by the increasing popularity of Italian cuisine, such as deep-frozen pizza, across Asian, European, and North American regions. Manufacturers are innovating with new ingredients and packaging solutions to meet diverse consumer tastes and preferences, including a growing inclination towards plant-based and vegan frozen products. The COVID-19 pandemic accelerated the shift towards e-commerce and contactless delivery, enhancing the market's reach and accessibility. Technological advancements in preservation and packaging have also played a crucial role in extending product shelf life and maintaining quality, contributing to the market's robust growth trajectory.

The frozen snacks market is characterized by a high level of fragmentation, with numerous global and local players competing for market share. Key companies such as Nomad Foods Limited, Conagra Brands Inc., McCain Foods Limited, Kraft Heinz Co., and Nestle SA are actively engaging in strategic partnerships, geographical expansion, and product innovation to strengthen their market positions. The market is also witnessing a surge in impulse purchasing and increased expenditure on food and beverages, further propelling its growth. Restaurants and cafes are adapting to consumer demands by offering take-out and delivery options, which has led to a higher stock of frozen snack products. This trend is supported by the growing preference for healthier food options and concerns over environmental sustainability, which are reshaping the dining experience and influencing consumer choices.

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Frozen Snacks Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
2. 1.2 Market Restraints
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Product Type
  1. 2.1.1 Potato Fries
  2. 2.1.2 Pizzas
  3. 2.1.3 Other Frozen Snacks
2. 2.2 Distribution Channel
  1. 2.2.1 Retail
    1. 2.2.1.1 Supermarkets/Hypermarkets
    2. 2.2.1.2 Convenience Stores
    3. 2.2.1.3 Online Retail Stores
    4. 2.2.1.4 Other Distribution Channels
  2. 2.2.2 Food service
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Spain
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 Germany
    4. 2.3.2.4 France
    5. 2.3.2.5 Italy
    6. 2.3.2.6 Russia
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 United Arab Emirates
    3. 2.3.5.3 Rest of Middle East and Africa