Cheese-based snacks are a new emerging product in modern-day markets and lifestyles. It is used as the main ingredient or additive in many food products. A cheese snack can be eaten anywhere and at any time and acts as a meal re-establishment or comfort food. A snack made with cheese contains a considerable amount of protein, calcium, carbohydrates, and calories.
The rapidly changing eating habits of the consumers are particularly escalating the growth of the global cheese-based snacks market. Easy convenience of comfort foods such as snacks is highly preferred by consumers of almost all ages, which in turn is contributing to the market growth. Furthermore, cheese-based snacks offer weight loss and meal replacement benefits leading to the growth of the cheese-based snack market. In addition to this, the benefits associated with the consumption of cheese-based snacks and the presence of health benefitting nutrients such as protein, carbohydrate, and calcium will propel the popularity of cheese-based snacks in the coming years.
Cheese snacks are increasing in popularity from bakeries due to the fact that along with their products, they also serve their customers’ savory items or items according to their tastes. Furthermore, the leading players operating in the market are focusing on brand revitalization, repositioning, and brand extension to meet the changing consumer requirement and offer lucrative opportunities to the cheese-based snack market over the forecast period. However, higher consumption of cheese-based snacks may increase the chances of cholesterol, blood pressure, and diabetes that may restrain the market growth.
The global cheese-based snacks market is divided based on type, application, and region. Based on the type, the global market is split into sweet fruit, creamy cheese, rich dark chocolate, and others. The application segment consists of online sales and offline marketing.
Geographically, Asia Pacific is expected to hold the major share in the global cheese-based snacks market during the forecast period. Factor such as rapid growth of retail industry owing to increasing demand for snack-based products has led to an increase in the demand for cheese-based snacks market in this region. Further, rising consumer inclination towards the adoption of ready-to-eat food products and fast-expanding countries such as India, China, Thailand, and Japan is fueling the market growth. However, the North American region is estimated to hold the second-largest position in the market and is projected to account for a significant share over the forecast period. This is attributed to the changing consumer eating habits and increasing disposable income.
The global cheese-based snacks market is highly fragmented due to the presence of leading domestic and international players. McCain Foods, Mars Incorporated, General Mills, The Kellogg Company, Sargento Foods, PepsiCo, The Kraft Heinz, UTZ Quality Foods, U&S Unismack, and ITC are some of the major players that are working in the global cheese-based snacks market.
In 2016, the Canada branch of McCain Foods had announced the introduction of the McCain Marché to offer satisfying snacks in the freezer aisles at grocery retailers across Canada.
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