Market Size of South America Frozen Snacks Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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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.
