Frozen Spring Roll Market Size, Share, Growth, And Industry Analysis, By Type (Vegetable and Meat Spring Rolls, Bean Paste Spring Rolls & Others), By Application (Supermarkets and Hypermarkets, Convenience Stores, Online Sales & Others), Regional Insights, and Forecast To 2031

Updated On: 15 April 2024

Frozen Spring Roll Market Report Overview

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global frozen spring roll market size was USD 574.4 million in 2021 and market is projected to touch 994.94 Million by 2031, exhibiting a CAGR of 5.6% during the forecast period.

The frozen spring roll market came into existence only because there was a need for some delicious frozen snacks in the market. It is easily available to consumers, satiate the hunger, and is also economical. The positive influence in the market is because Frozen Spring Rolls are simply a solution for time taking meals. The Frozen Spring Roll Market was affected by the pandemic but post-pandemic there has been an increase in its demand.

People today want to make their lives more sorted and smooth. The Frozen Spring Roll Market is growing because of the trend of consumption of quick snacks. Everyone is running in the mad rat race of their lives and does not want it to be interrupted for waiting for food. To remove such a pause there has been a rapid rise in the demand for frozen snacks. And among the frozen snacks, frozen spring rolls have become everyone’s first pick. 

COVID-19 Impact: FACED A NEGATIVE TREND DUE TO FALL IN PRODUCTION 

There was not a single sector that was unaffected by COVID-19. The Frozen Spring Roll Market was disturbed as well. The COVID-19 pandemic did affect the production process of Frozen Spring Rolls. Everyone rushed to their homes and hence there was a deficiency of labor. Along with insufficient labor supply, the regulations were also not encouraging.  As a consequence, there was a fall in demand as well during the pandemic. 

Latest Trends

"RISE IN THE NUMBER OF VARIATIONS OF SPRING ROLLS TO MAXIMIZE THE DEMAND"

Nowadays, everything is becoming more expensive, and the expenditure of the people has increased more than the increase in their income. This calls for a way through which people can save even after fulfilling their needs. In such a race to save, frozen spring rolls are an easy alternative. The Frozen Spring Roll Market is as dynamic as any other market. In the market, there is everyday development to add more benefits to it. Recently, there has been an addition of various types of spring rolls. This is done to satiate the different cravings of the consumers. 

Frozen Spring Roll Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Vegetable and Meat Spring Rolls, Bean Paste Spring Rolls, and Others.

 In terms of services, Vegetable and Meat Spring Rolls is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Supermarkets and Hypermarkets, Convenience Stores, Online Sales, and Others.

Driving Factors

"THE RISING DEMAND FOR FROZEN SNACKS HAS INCREASED THE DEMAND IN THE MARKET "

The Frozen Spring Roll Market has witnessed massive growth because of several factors but the prime factor promoting the Frozen Spring Roll Market growth involves the rising demand for frozen snack products. There is a new trend in the market to allow people who have busy schedules but want to feed themselves and their families something that feels like a wholesome snack. The shift to using such products is due to the spread of quick creation of such snacks. 

"THE LOW COST ASSOCIATED WITH FROZEN SNACKS INFLUENCES THE DEMAND IN THE MARKET"

Developing nations are focusing on meeting the increasing demand for low-priced snacks. This has led to an increase in the adoption of Frozen Spring Rolls. Consumers are encouraging the adoption of budget-friendly snacks in their day-to-day life and hence have laid beneficiary effects on the demand for Frozen Spring Rolls. Frozen spring rolls are easily available in the market and are economical as well this has led to a positive impact on the Frozen Spring Roll Market growth. 

Restraining Factors

"THE HIGH CALORIES CONTENT HAS LED TO A DECLINING TREND IN THE MARKET "

It is quite a known fact that after witnessing the pandemic where people who used to follow a healthy diet even they were not able to fight with covid. Due to the sudden rise of the trend of following a healthy diet, there has been a decline in the market. This is because frozen spring rolls have high calories. The fact that it is a “frozen” spring roll makes it unhealthy to be consumed as frozen food items have very less nutrient content. Such food items can also lead to health problems regarding heart and blood pressure. All such factors led to the declining trend in the frozen spring roll market. 

Frozen Spring Roll Market Regional Insights

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"NORTH-AMERICA REGION DOMINATES THE MARKET DUE TO THE ABUNDANCE OF CONSUMERS OF FAST SNACKS IN THIS REGION "

The North America region holds the dominant Frozen Spring Roll Market share in the global market. This is because of various factors. One of the primary factors is that the people of this region have a very busy lifestyle and they do not have time to look for meals that will take a lot of time to be region has an abundance of customers of Frozen Spring Rolls. For more than half of the big projects that required solar energy as an input, the Frozen Spring Roll was used. Also, industrialists of this region are inclined to it because of the several cost-effective benefits it comes with.  Also, companies in this region have brought Frozen Spring Rolls to increase their goodwill in the market as it is an environment-friendly initiative. 

Key Industry Players

"KEY PLAYERS FOCUS ON INNOVATIONS AND COLLABORATIONS "

The key players have noted the shift from time-consuming heavy meals to fast snacks and therefore they have started working on the development of Frozen Spring Rolls that can be made easily with different delicious stuffing and can be served quickly to the consumers. The key players have understood that the consumers find frozen spring rolls as a quick and tasty alternative which can also save them money spent on food. The increasing will of consumers to save more on their food has influenced the key players to collaborate to produce at a large scale to earn more revenue as well as dominance in the market.    

List of Market Players Profiled

• Ajinomoto Foods
• CJ
• Synear
• Sanquan
• NICHIREI
• Hakka
• Wei Chuan Foods
• CPF
• Rich Products
• Tai Foong
• ASEANIS
• Fine Choice Foods
• Taj
• Heng Australia
• JYC FOODS
• Winner Food Products
• Qingdao Cheun Jep Foodstuff
• SK Chilled Foods

Report Coverage

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Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.