European Frozen Snacks Market Share, Trends, Size, Research and Forecast 2020-2026

 

European frozen snacks market is estimated to grow at a CAGR of 7.4% during the forecast period. Increasing consumption of frozen foods has been witnessed in the region owing to its nutritious value and availability of gluten-free alternatives. Frozen foods keep their minerals and vitamins with no change to the protein, fat, or carbohydrate content. In certain instances, frozen foods have more minerals and vitamins rather than fresh as fresh foods lose minerals and vitamins with time while freezing preserves nutrients. This, in turn, is contributing to the adoption of frozen snacks that are low in fat and calories and high in filling nutrients such as protein and fiber. Significant availability of the working-age population is also a key factor in driving the demand for frozen snacks. As per the Organization for Economic Cooperation and Development (OECD), in 2018, the percentage of the working-age population (15-64) in the UK, Germany, France, Italy, and Sweden was 63.8%, 65.0%, 62.1%, 64.0%, and 62.4%, respectively. Millennial populations highly consume ready-to-eat foods, which supports the demand for frozen snacks in this age group.

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Scope of the European Frozen Snacks Market

Market Coverage

• The market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product and Distribution Channel
• Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
• Competitive Landscape- Nestlé S.A., CJ CheilJedang Corp., Dr. August Oetker Nahrungsmittel KG, and Südzucker AG.

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Recent Strategic Initiatives in the European Frozen Snacks Market

• In July 2020, Tyson Foods, Inc., revealed a line of chicken products within its Tyson flagship brand in the European Foodservice market, which includes some cafeterias, restaurants, and caterers. Tyson flagship brand has 28 frozen products with classes ranging from skewers, coated, raw, and fried. Tyson products in European countries are sourced from its operations in Thailand, the Netherlands, and its joint venture in Brazil.
• In April 2018, Nomad Foods acquired Goodfella’s Pizza of Green Isle Foods. Goodfella’s Pizza is a producer of frozen pizzas for Irish and UK markets. Goodfella’s brand has significant popularity in the UK frozen pizza category. This acquisition will reinforce Nomad’s position in the frozen food sector in the UK, as its portfolio complements Nomad’s frozen food brands which comprise the Iglo, Birds Eye, and Findus brands. Apart from Goodfella’s brand, the company will acquire two frozen pizza manufacturing facilities and the San Marco brand that will offer an opportunity for future expansion in the category.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o   Recovery Timeline

o   Deviation from the pre-COVID forecast

o   Most affected country/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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European Frozen Snacks Market-Segmentation

By Product

• Pizza
• Potato Fries
• Puffs
• Meat Snacks
• Others

By Distribution Channel

• Retail
• Food Service Chain

European Frozen Snacks Market– Segment by Country

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Company Profiles

• Amy's Kitchen, Inc.
• CJ CheilJedang Corp.
• Dr. August Oetker Nahrungsmittel KG
• General Mills, Inc.
• Iceland Foods, Ltd.
• McCain Foods, Ltd.
• Nestlé S.A.
• Orkla ASA
• Snowbird Foods Ltd.
• Südzucker AG

 

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