Cheese Snacks Market 2022

Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2030

Cheese Snacks Market by Type (Cheese products, Cheese powder), by Product Type (Baked, Fried, Frozen), by Application, by Source (Animal, Plant), by Distribution Channel (Retail, Foodservice, Food manufacturers), by Region – Global Share and Forecast to 2033

Region: Global | Format: Word, PPT, Excel | Report Status: Published

According to the Market Statsville Group (MSG), the global cheese snacks market size is expected to grow from USD 68.63 billion in 2022 to USD 131.63 billion by 2033, at a CAGR of 6.10% from 2022 to 2030. The cheese based snacks are made from different types of cheese that including cheddar, mozzarella, parmigiana, and many more. These cheese snacks have become very popular in developing countries as a various dishes that are being provided to the customer. The increase in demand for western food culture and adoption the western culture will boost the market's growth in this forecasting period. However, an increase in health conscious population and the increase in prevalence of lactose intolerance may negatively affect the market growth of this industry. Cheese based snacks market can grow tremendously as lifestyle and eating patterns change, as well as comfort food demand increases, this will create a new opportunity for the new market player to capture the market easily.

Global Cheese Snacks Market Definition

Cheese is a dairy product, which is abstracted from milk and available in a wide range of textures, forms and flavors. Cheese is made by coagulation of milk protein casein. Usually, cheeses are abstract from milk of buffalo, cows, sheep and goats. There are around 500 pluses different types of cheese that are recognized by the International Dairy Federation. They are categorized on the basis of texture, length of ageing, fat content, animal milk, method of making, region and country. Cheese is a high source of calcium and protein but it is often high amount of saturated salt and fat, which means eating too much cheese may lead to high blood pressure and high cholesterol, which increases the risk of cardiovascular diseases.

COVID-19 Impact on the Global Cheese Snacks Market

Global cheese markets are likely to be impacted by the sudden loss of sales of foodservice, as an impact of pandemic. The US cheese industry is almost exposed, with almost 50% of cheese sales reliant on foodservice outlets.

The COVID-19 pandemic has a positive impact on the cheese snacks market around the globe. Over the past years, the way consumers viewed snacks has seen remarkable changes and it seems these have been augmented by this pandemic. In those tough times, consumers tend to shift more towards easy to go treats and got encouraged to consume more cheese snacks.

Global Cheese Snacks Market Dynamics

Drivers: Rising influence of western and Arduous lifestyle

Busy schedule of people and arduous lifestyle of people are shifting towards processed food and ready to go snacks, Due to this, people are skipping breakfasts and lunches these days, a common phenomenon among consumers who are trying to stay on top of their hectic schedules. This is resulting the demand for food items and snacks that is increasing day by day and which also include cheese snacks. Cheese snacks are more popular since they come in a variety of flavors, tastes, and are preferred by almost all ages of consumers. Traditional snacks are being remodeled by most of the regions, cheese snacks are more popular in the countries like North America and Europe, but nowadays the use of cheese snacks has spread around globally. Hence there is an increase in the demand of cheese snacks with different verities in the different parts of the world.

And also, cuisines of Western countries drive the cheese market. There are hundreds of varieties of cheese and other milk products that are used in Western cuisines. The effects of rapid adoption in westernization have led the rising demand for cheese in countries like Europe, US and other. A sharp increase in demand of the consumer for fresh packaged meals that contain cheese and this is creating rising demand for the food processing industry that is propelling the market. Rapid urbanization will drive the Asian cheese market's growth in Asian countries.

Restraints: High consumption of cheese affects the health

The health effects of cheese are still being a big restraint for this market growth of these industries. In spite of the United States Dietary Guidelines' recommendation to eat low-fat dairy (milk, yogurt, and cheese) to prevent cardiovascular disease, other studies suggest that full-fat dairy may lower the risk of heart disease and type 2 diabetes. Some studies suggest that cheese contains heart-protecting elements, such as linoleic acid and calcium, and that certain types of saturated fats, like those found in red meat, have different effects on the heart. For instance, cheese is frequently added to a burger or pizza that contains refined carbohydrates, salt and fats. The amount of cheese ingested; such a dietary pattern is likely to be harmful to human health. A lack of healthy food is restricting the ability of various cheese manufacturers to meet customer demands.

Opportunities: Western cuisines and growing cheese market is emerging economies

There is a growing impact of western cuisines, increase in disposable incomes, and different flavored cheese products driving the cheese industry. Although cheese is standard in Western nations like United States and Europe, its adaptability allows it to spread to a wide range of customer tastes and preferences all around the globe. In western cuisines, there are hundreds of different verities of cheese and other dairy foods.  

Scope of the Global Cheese Snacks Market

The study categorizes the cheese snacks market based on component, waste type, method, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)

  • Cheese products
  • Cheese powder

By Product Type Outlook (Sales, USD Million, 2017-2030)

  • Baked
  • Fried
  • Frozen

By Application Outlook (Sales, USD Million, 2017-2030)

  • Bakery & confectionery
  • Snacks & cereals
  • Ready meals
  • Sweet & savory snacks
  • Sauces, dressings, dips, and condiments
  • Other applications (creams & desserts, processed meat & egg products, and side dishes)

By Source Outlook (Sales, USD Million, 2017-2030)

  • Animal
  • Plant

By Distribution channel Outlook (Sales, USD Million, 2017-2030)

  • Retail
  • Foodservice
  • Food manufacturers

By Nature Outlook (Sales, USD Million, 2017-2030)

  • Conventional
  • Organic

 

By Region Outlook (Sales, USD Million, 2017-2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Cheese power segment is projected to account for the largest market share, by type

Based on type, the global cheese snacks market is divided into cheese products, cheese powder. Cheese powder enhanced cheese flavor to dressings, sauces, condiments and dips. This can be done with the use of a single flavor cheese or to mix of more than one flavors of cheese. The use of cheese powder offers convenience, functionality and better taste in recipes where cooking is required at high-temperature. Sauces made using cheese powder are widely consumed with vegetables, pasta, casseroles and pizza. Dips that are made from cheese powder are normally consumed with wings, fried snacks and vegetables. With the rapidly rising demand for fast food in Asia and other countries, the demand for cheese powder in dressings, sauces, condiments and dips is likely to grow at a high rate, in this segment, during the forecasting period.

Asia Pacific accounts for the highest CAGR during the forecast period

Asia-Pacific is expected to grow at high CAGR during the upcoming forecasting period. Increasing retail industries in emerging economies that in turn shift consumers' attention to snacks products as well as ongoing development in India, China, Thailand, and Japan are boosting demand for Cheese Snacks Markets basically in this region. Due to growing incomes, eating patterns, and the growth of restaurant chains where cheese is a prominent ingredient, cheese snack consumption per capita has increased significantly throughout East Asia. In addition to the growing urbanization of Asia, household incomes are increasing, and western lifestyles are becoming more attractive to the middle and upper classes, which boosts the growth of the cheese snacks industry. The consumption of pizza and other European-style snacks plays a major consumer trend, particularly among young population. Therefore, the cheese snacks market in APAC is concentrated in metropolitan cities with middle- to upper-income populations. The consumer demand for packaged meals involving cheese has increased dramatically.

Due to changing lifestyle patterns and the fact that cheese snacks are high in protein, calcium, and carbohydrates, North America holds the largest share in the cheese snack market.

Key Market Players in the Global Cheese Snacks Market

The global cheese snacks market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global cheese snacks market are:

  • McCain Foods
  • Sargento Foods Inc.
  • Frozen Treats
  • Land O'Lakes Inc.
  • Cheese Fusions
  • Brazi Bites
  • Norseland Inc.
  • UTZ Quality Foods
  • Mars, Inc.
  • Dalter Alimentari Spa
  • Glanbia
  • ITC Limited
  • General Mills
  • Amy’s Kitchen
  • The Kraft Heinz Company
  • Europe Snacks
  • Godrej Industries

Recent Developments

  • In March 2021, DalterFood Group launches new cheese product, named as  matchsticks. The company is continuing to innovate its range of products to meet industry and catering needs. As part of its new cheese cuts offering, the group has unveiled its new cheese matchsticks, a unique cut on the market.
  • In  Augest 2020, Glanbia has acquired Foodarom, a Canadian based company which deals in custom flavor designer and manufacturer. Foodarom comprises a flavor library of over 15,000 recipes and produces both liquid and powder products for various applications.

Key Issues Addressed

  • What is the market size by various segmentation of the cheese snacks by region and its respective countries?
  • What are the customer buying behavior, key takeaways, and Porter's 5 forces of the cheese snacks market?
  • What are the key opportunities and trends for manufacturers involved in the cheese snacks supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of cheese snacks in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 245

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