What is the global market size of Cheese Snacks Market?

Cheese Snacks Market size was valued at USD 64.68 Billion in 2021 and is poised to grow from 68.48 Billion in 2022 to USD 111.80 Billion by 2030, at a CAGR 6.3% during the forecast period (2023-2030).

Cheese Snacks Market Size, Share, Growth Analysis, By Type(Mozzarella, Parmesan, Cheddar, Feta), By Sales Channel (Supermarket and Hypermarket, Convenience Stores, Online, and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2327 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 66 | Figures: 75

Cheese Snacks Market Dynamics

Cheese Snacks Market Drivers

Increasing Consumer Awareness about Protein-rich Snacks

Cheese is a good source of protein, and with the growing emphasis on healthy snacking, consumers are seeking protein-rich snack options. Cheese snacks, which often contain a significant amount of cheese, provide a satisfying and protein-packed snack choice.

Cheese Snacks Market Restraints

Competition from Alternative Snacks

The cheese snacks market faces competition from a wide range of alternative snack options, such as potato chips, pretzels, nuts, and popcorn. Consumers have diverse snacking preferences, and the availability of various snack choices can impact the market share of cheese snacks.

Cheese Snacks Market Report Snapshots

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Cheese Snacks Market size was valued at USD 68.48 billion in 2022 and is poised to grow from USD 72.79 billion in 2023 to USD 118.68 billion by 2031, growing at a CAGR of 6.3% during the forecast period (2024-2031).

Players are focusing on improving the taste and quality of the products to appeal to consumers who are health-conscious in order to stay competitive in the industry. Babybel, a plant-based cheese snack in the form of mozzarella, was unveiled in April 2022 by Bel Brands USA. This novel snack is a good source of calcium and vitamin B12 and was created to taste like mozzarella cheese. With its distinctive packaging, this product was thought to be recognizable as a plant-based one. 'PepsiCo, Inc. (Cheetos)', 'Kellogg Company (Cheez-It)', 'Mondelez International, Inc. (Ritz, Triscuit)', 'General Mills, Inc. (Bugles, Chex Mix)', 'The Kraft Heinz Company (Cheez Whiz)', 'Sargento Foods Inc.', 'Tine SA', 'Diamond Foods, LLC (Kettle Brand)', 'Mars, Incorporated (Combos)', 'Grupo Bimbo S.A.B. de C.V. (Barcel)', 'McCain Foods Limited (Mojo's, Smiles)', 'Universal Robina Corporation (Jack 'n Jill)', 'Pladis (Jacob's)', 'Herr Foods Inc. (Herr's)', 'The Hain Celestial Group, Inc. (Sensible Portions)', 'Old Dutch Foods Inc.', 'Wise Foods, Inc.', 'Utz Brands, Inc.', 'Calbee, Inc.', 'Intersnack Group GmbH & Co. KG'

Cheese is a good source of protein, and with the growing emphasis on healthy snacking, consumers are seeking protein-rich snack options. Cheese snacks, which often contain a significant amount of cheese, provide a satisfying and protein-packed snack choice.

Growing demand for healthier and clean-label options: Consumers are increasingly seeking healthier snack choices, including cheese snacks. There is a rising demand for cheese snacks that are made with natural and clean-label ingredients, free from artificial additives and preservatives. Manufacturers are responding to this trend by offering healthier variants with reduced fat, lower sodium content, and organic or non-GMO certifications.

The Asia Pacific region, which is anticipated to expand at a 6.7% CAGR between 2022 and 2030, held the largest market share in 2022. As individuals in this region grow to become healthier and educated about the types of food they should consume and the diets that should adhere to, there is an increased demand for healthy snacks. Consumption occasions have grown dramatically, with Asia Pacific experiencing the largest growth in this area. The consumers in this region prefer prepackaged snacks to quicker food preparation methods. Consumers are switching from eating unpackaged snacks at home or buying traditional market snacks from different sites like food bikes or trucks to buying packaged snacks as this region develops with modern merchants.

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Cheese Snacks Market Size, Share, Growth Analysis, By Type(Mozzarella, Parmesan, Cheddar, Feta), By Sales Channel (Supermarket and Hypermarket, Convenience Stores, Online, and Others), By Region - Industry Forecast 2024-2031

Cheese Snacks Market Dynamics

Cheese Snacks Market Report Snapshots

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