Global Cheese Snacks market: Industry Analysis and Opportunity and Forecast to 2027
Market Highlights:
Cheese is used as an important food ingredient across the globe. It is
used as an additive or as the main ingredient in numerous cuisines. Cheese has
been considered to be one of the naturally functional whole foods, which in
turn has led to rise in demand of cheese and cheese-based snacks.
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Based on product type, the global cheese snacks market analysis has been
segmented into baked, fried and others. The baked cheese snacks segment
accounted for the maximum market share in 2017 and is expected to grow at a
high rate during the forecast period. Owing to the factor, in North America
consumers prefer baked item over fried snacks to avoid fat and oil. Fried
cheese snacks are mainly preferred in South America, parts of Africa,
Australia, and few other regions and the segment is expected to account for a
substantial share of the market during the forecast period.
The global cheese snacks market has been segregated, by distribution
channel, into store-based and non-store based. The store-based segment has been
further segregated into supermarkets and hypermarkets, convenience store,
independent small groceries and others. The store-based segment is expected to
generate higher revenue, with the supermarkets and hypermarkets sub-segment
being the largest due to the strong and widespread network of stores. The
non-store-based segment is expected to register the higher CAGR during the
assessment period owing to technological advancements in the e-commerce
industry and growing consumer preference for online retailing.
Regional Analysis:
On the basis of region, the global cheese snacks market analysis has been
segmented by North America, Europe, Asia-Pacific, and RoW. North America is
expected to dominate the global cheese snacks market owing to the changing
eating patterns and regular snacking between meals, especially in the US.
The cheese snacks market in Asia-Pacific is expected to grow rapidly due
the factor that cheese owns the tag of a naturally functional whole food.
Hence, manufacturers in Asia-Pacific are marketing cheese snacks as a
nutritional and health snacks. Emerging markets such as China and India are
projected to contribute to the growth of the regional cheese snacks market analysis.
India is the largest market, where cheese snacks is being increasingly used,
due to changing consumption patterns and preferences of consumers. Moreover,
cheese snacks are preferred option amongst almost all group of consumers,
because of its tasty and savory flavor.
Key Players:
Some of the key players in the global cheese snacks market are
Sargento Foods Inc (US), PepsiCo, Inc. (US), McCain Foods Limited (Canada),
TINE SA (Norway), Utz Quality Foods, Inc. (US), ITC Limited (India), General
Mills, Inc. (US).
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Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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