South America Frozen Snacks Market Size (2024 - 2029)

The South America frozen snacks market is experiencing growth driven by increased disposable income, a rising demand for convenient snack options, and greater product availability in retail. The expansion of this market is further supported by the booming economies in developed countries, which enhance the need for take-out and delivery services, prompting restaurants to stock more frozen snack products. However, the market's growth is somewhat constrained by the health-conscious preferences of consumers who favor healthier snack alternatives and less processed food.

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Market Size of South America Frozen Snacks Industry

South America Frozen Snacks Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.32 %
Market Concentration High

Major Players

South America Frozen Snacks Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Frozen Snacks Market Analysis

The South America frozen snacks market is projected to grow, witnessing a CAGR of 7.32% during the forecast period (2020-2025).

  • With a notable rise in the disposable income, growing demand for convenience snack food products, and the wider availability of these products on the retail shelves are the key driving factor of the South America frozen snacks market.
  • Furthermore, as the economies of developed countries are booming, more consumers may need the convenience of take-out and delivery options, thereby, demanding the restaurants to keep larger stocks of frozen snack products to facilitate growth in their sales.
  • Despite the rising popularity and the market cap of frozen snacks, the growth of the market is hindered by the preference for healthier snack alternatives and low processed food products by health-conscious consumers in the region.

South America Frozen Snacks Industry Segmentation

The South America frozen snacks market is segmented by product type under Potato Fries, Pizzas, and Other Frozen Snacks. Additionally, by distribution channel, the market is segmented into Retail, (which is further sub-segmented into supermarkets/hypermarkets and convenience stores), and Foodservice. In terms of geography, the report covers Brazil, Argentina, and Rest of South America.

By Product Type
Potato Fries
Pizzas
Other Frozen Snacks
By Distribution Channel
Retail
Supermarkets/Hypermarkets
Convenience Stores
Foodservice
By Geography
Brazil
Argentina
Rest of South America
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South America Frozen Snacks Market Size Summary

The South America frozen snacks market is experiencing significant growth, driven by increasing disposable incomes, a rising demand for convenience foods, and greater product availability in retail outlets. The booming economies in the region are prompting consumers to seek out take-out and delivery options, which in turn is encouraging restaurants to stock more frozen snack products. However, the market's expansion is somewhat constrained by a growing preference for healthier snack alternatives among health-conscious consumers. The frozen pizza segment, in particular, is benefiting from a shift in consumer preferences, an improved standard of living, and the expansion of large retail chains. This segment is seeing a healthy growth rate due to increased customer acceptance and the strategic penetration of organized foodservice players offering pizza as a convenient snack option.

Brazil stands out as a dominant market within the region, supported by leading meat manufacturers like BRF S.A. and JBS S.A., who are actively selling frozen meat snacks. The rising consumer expectations for food quality are driving growth in the frozen food packaging sector, as consumers increasingly appreciate product quality. The market is characterized by the presence of key players such as McCain Foods Ltd., Dr. Oetker, and Productos del Plata, Inc., who are enhancing their product offerings and optimizing supply chain operations to maintain a competitive edge. These companies are also innovating their frozen pizza products by altering ingredients and flavors to meet evolving consumer demands across different countries.

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South America Frozen Snacks Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force 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. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Potato Fries

      2. 2.1.2 Pizzas

      3. 2.1.3 Other Frozen Snacks

    2. 2.2 By Distribution Channel

      1. 2.2.1 Retail

        1. 2.2.1.1 Supermarkets/Hypermarkets

        2. 2.2.1.2 Convenience Stores

      2. 2.2.2 Foodservice

    3. 2.3 By Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Frozen Snacks Market Size FAQs

The South America Frozen Snacks Market is projected to register a CAGR of 7.32% during the forecast period (2024-2029)

McCain Foods Ltd., BRF S.A., JBS S.A., Dr. Oetker and Mani Snacks Inc. are the major companies operating in the South America Frozen Snacks Market.

South America Frozen Snacks Report Snapshots

South America Frozen Snacks Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)