Introduction
Frozen snacks have become increasingly popular in recent years due to their convenience, variety, and delicious flavors. From mozzarella sticks to spring rolls and potato bites, there is a wide range of options available to satisfy any craving. In this report, we will explore the top frozen snacks in the market, looking at industry insights, financial data, and key players in the frozen snack industry.
Industry Overview
The frozen food industry has been experiencing steady growth over the past few years, with snacks being a significant contributor to this trend. According to a report by Grand View Research, the global frozen food market is expected to reach $380.5 billion by 2027, with snacks playing a crucial role in driving this growth.
Key Trends
One of the key trends in the frozen snack industry is the increasing demand for healthier options. Consumers are looking for snacks that are made with natural ingredients, lower in calories, and free from artificial additives. This has led to the rise of healthier frozen snack options such as vegetable spring rolls, quinoa bites, and baked mozzarella sticks.
Market Segmentation
The market for frozen snacks can be segmented based on product type, distribution channel, and region. Some of the popular frozen snack categories include appetizers (such as mozzarella sticks and potato bites), ethnic snacks (such as spring rolls and samosas), and dessert snacks (such as ice cream bars and cake bites).
Top Frozen Snacks
Mozzarella Sticks
Mozzarella sticks are a classic frozen snack that appeals to both children and adults. These breaded and fried cheese sticks are a popular choice for parties, game nights, and quick snacks. Companies such as Farm Rich, TGI Fridays, and McCain Foods are some of the key players in the mozzarella stick market.
Spring Rolls
Spring rolls are a versatile frozen snack that can be filled with a variety of ingredients such as vegetables, chicken, or shrimp. These crispy and flavorful snacks are perfect for dipping in sweet chili sauce or soy sauce. Popular brands that offer spring rolls include Pagoda, Tai Pei, and Annie Chun’s.
Potato Bites
Potato bites are a savory frozen snack that is loved by potato lovers everywhere. These bite-sized pieces of potato are often seasoned with herbs and spices, making them a delicious and satisfying snack option. Companies like Ore-Ida, Alexia Foods, and Tater Tots are known for their tasty potato bite offerings.
Financial Data
The frozen snack industry is a lucrative market, with many companies experiencing significant growth in recent years. For example, McCain Foods, a leading frozen snack manufacturer, reported sales of $9.5 billion in 2020, representing a 7% increase from the previous year. Other key players in the industry, such as Farm Rich and Tai Pei, have also seen strong financial performance in the frozen snack segment.
Conclusion
In conclusion, the frozen snack industry offers a wide range of delicious options for consumers looking for convenient and tasty snacks. From mozzarella sticks to spring rolls and potato bites, there is something for everyone in the frozen snack aisle. With the market expected to continue growing in the coming years, we can expect to see even more innovative and exciting frozen snack options hitting the shelves.
