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Cheese-based snacks market size to grow by USD 3.53 billion from 2022 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics – Technavio

Cheese-based snacks market size to grow by USD 3.53 billion from 2022 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics – Technavio
PR Newswire
NEW YORK, Jan. 23, 2023

NEW YORK, Jan. 23, 2023 /PRNewswire/…

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Cheese-based snacks market size to grow by USD 3.53 billion from 2022 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

PR Newswire

NEW YORK, Jan. 23, 2023 /PRNewswire/ -- The global cheese based snacks market size is estimated to increase by USD 3.53 billion from 2021 to 2026. However, the market's growth momentum will decelerate at a CAGR of 5.12% during the forecast period. Get detailed insights into the market study. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Buy the report!

Cheese based snacks market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

  • Key purchase criteria
  • Adoption rates
  • Adoption lifecycle
  • Drivers of price sensitivity
  • Discover some insights on market size before buying the full report - Request a sample report

Cheese based snacks market – Vendor Analysis
Vendor Landscape - The global cheese based snacks market is fragmented due to the presence of numerous global and regional vendors. Vendors compete based on numerous factors, including price, quality, innovation, service, reputation, distribution, and promotion. Product launches, M&A, and business expansion are other strategies adopted by vendors to gain a competitive edge in the market.

A few prominent vendors that offer cheese based snacks in the market are Amys Kitchen Inc., General Mills Inc., Godrej Agrovet Ltd., GONUTZ Snack Foods, Kellogg Co., Gujarat Cooperative Milk Marketing Federation, Homtek India Snacks Manufacturing Co., Kerry Group Plc, Mars Inc., McCain Foods Ltd., Parle Products Pvt. Ltd., PepsiCo Inc., Prataap Snacks Ltd., Sargento Foods Inc., Serious Pig Ltd, Snacks Developpement SAS, SURYA FOOD and AGRO LTD., UNISMACK SA, Utz Quality Foods LLC, and Whisps Acquisition Corp. and others.

Vendor Offerings -

  • General Mills Inc. - The company offers cheese based snacks under its brand Bugles.
  • Godrej Agrovet Ltd. - The company offers cheese based snacks through its subsidiary Godrej Tyson Foods.
  • Kellogg Co. - The company offers cheese based snacks such as Cheez It Duoz, Cheez It Grooves, and Cheez It Snapd.
  • Mars Inc. - The company offers cheese based snacks such as cheese crackers under its brand COMBOS.

Cheese based snacks market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on the end-user (retail and foodservice) and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

  • The market growth will be significant in the retail segment during the forecast period. The segment is driven by the growth of the organized retail industry across the world. In addition, consumers prefer supermarkets and hypermarkets as they can find products from all categories under a single roof. Also, the retail stores provide discounts and offers on a wide range of products, including cheese-based food products.

Geography Overview
By geography, the global cheese based snacks market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cheese based snacks market.

  • North America will account for 38% of the global market growth during the forecast period. The growth of the regional market is driven by factors such as an increase in the number of dual working households, rising disposable income, and the presence of fast-food chains.

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Cheese based snacks market – Market Dynamics

Leading Drivers – 

The market is driven by the rise in disposable income and changes in lifestyle. The disposable income of consumers has increased considerably over recent years. For instance, according to a study by the Bureau of Economic Analysis, disposable personal income (DPI) increased by USD 89.7 billion (0.5%) in March 2022 in the US from April 2022. The growth in disposable income has led to an increase in spending and purchasing power. This has subsequently changed the eating habits of consumers, resulting in a demand for easy-to-eat and serve food products, including cheese-based snacks, which is driving the market growth.

Key Trends –

The rising number of new product launches is identified as the key trend in the market. Vendors are focusing on successful new product launches to increase revenue flow and improve their market shares. For instance, in January 2020, Pringles, a brand of Kelloggs Co., launched a new flavor with varying levels of heat intensity, such as Cheese and Chilli. Similarly, in September 2021, McCain Foods Ltd. launched a new plant-based brand named The Simple Root, which offers dips, spreads, sauces, and cheese made from root vegetables. Such an increase in the number of product launches are expected to drive the growth of the market during the forecast period.

Major challenges – 

The rising number of health effects is a major factor challenging the growth of the market. Cheese-based snacks are high-calorie foods. They contain saturated fat in large quantities, which increases cholesterol levels. In addition, the presence of too much of sodium in cheese increases the risk of higher blood pressure as well as kidney disease. Also, excess consumption of cheese-based snacks can create difficulties such as gas or bloating. Such health risks associated with the consumption of cheese-based snacks is reducing the growth potential in the market.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this cheese based snacks market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the cheese based snacks market between 2022 and 2026
  • Precise estimation of the size of the cheese based snacks market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the cheese based snacks market industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of cheese based snacks market vendors

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Related Reports:

  • The snack market is estimated to decline at a CAGR of 6.51% between 2022 and 2027. The size of the market is forecast to increase by USD 300.56 billion. The growing preference for savory snacks is notably driving the market growth, although factors such as the rising number of health effects may impede the market growth.
  • The processed potatoes market is estimated to grow at a CAGR of 5.2% between 2022 and 2027. The size of the market is forecast to increase by USD 41.71 billion. The increasing prominence of private-label brands is notably driving the market growth, although factors such as growing demand for homemade and street potato snacks may impede the market growth.

Cheese Based Snacks Market Scope

Report Coverage

Details

Page number

136

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.12%

Market growth 2022-2026

USD 3.53 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.67

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 38%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Amys Kitchen Inc., General Mills Inc., Godrej Agrovet Ltd., GONUTZ Snack Foods, Kellogg Co., Gujarat Cooperative Milk Marketing Federation, Homtek India Snacks Manufacturing Co., Kerry Group Plc, Mars Inc., McCain Foods Ltd., Parle Products Pvt. Ltd., PepsiCo Inc., Prataap Snacks Ltd., Sargento Foods Inc., Serious Pig Ltd, Snacks Developpement SAS, SURYA FOOD and AGRO LTD., UNISMACK SA, Utz Quality Foods LLC, and Whisps Acquisition Corp.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Retail - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Retail - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Retail - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Retail - Year-over-year growth 2021-2026 (%)
  • 5.4 Foodservice - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Foodservice - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Foodservice - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Foodservice - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Foodservice - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 China - Market size and forecast 2021-2026
    • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 General Mills Inc. 
    • Exhibit 89: General Mills Inc. - Overview
    • Exhibit 90: General Mills Inc. - Business segments
    • Exhibit 91: General Mills Inc. - Key offerings
    • Exhibit 92: General Mills Inc. - Segment focus
  • 10.4 Godrej Agrovet Ltd. 
    • Exhibit 93: Godrej Agrovet Ltd. - Overview
    • Exhibit 94: Godrej Agrovet Ltd. - Business segments
    • Exhibit 95: Godrej Agrovet Ltd. - Key offerings
    • Exhibit 96: Godrej Agrovet Ltd. - Segment focus
  • 10.5 Kellogg Co. 
    • Exhibit 97: Kellogg Co. - Overview
    • Exhibit 98: Kellogg Co. - Business segments
    • Exhibit 99: Kellogg Co. - Key news
    • Exhibit 100: Kellogg Co. - Key offerings
    • Exhibit 101: Kellogg Co. - Segment focus
  • 10.6 Mars Inc. 
    • Exhibit 102: Mars Inc. - Overview
    • Exhibit 103: Mars Inc. - Product / Service
    • Exhibit 104: Mars Inc. - Key offerings
  • 10.7 McCain Foods Ltd. 
    • Exhibit 105: McCain Foods Ltd. - Overview
    • Exhibit 106: McCain Foods Ltd. - Product / Service
    • Exhibit 107: McCain Foods Ltd. - Key offerings
  • 10.8 Parle Products Pvt. Ltd. 
    • Exhibit 108: Parle Products Pvt. Ltd. - Overview
    • Exhibit 109: Parle Products Pvt. Ltd. - Product / Service
    • Exhibit 110: Parle Products Pvt. Ltd. - Key offerings
  • 10.9 PepsiCo Inc. 
    • Exhibit 111: PepsiCo Inc. - Overview
    • Exhibit 112: PepsiCo Inc. - Business segments
    • Exhibit 113: PepsiCo Inc. - Key news
    • Exhibit 114: PepsiCo Inc. - Key offerings
    • Exhibit 115: PepsiCo Inc. - Segment focus
  • 10.10 Snacks Developpement SAS 
    • Exhibit 116: Snacks Developpement SAS - Overview
    • Exhibit 117: Snacks Developpement SAS - Product / Service
    • Exhibit 118: Snacks Developpement SAS - Key offerings
  • 10.11 UNISMACK SA 
    • Exhibit 119: UNISMACK SA - Overview
    • Exhibit 120: UNISMACK SA - Product / Service
    • Exhibit 121: UNISMACK SA - Key offerings
  • 10.12 Utz Quality Foods LLC 
    • Exhibit 122: Utz Quality Foods LLC - Overview
    • Exhibit 123: Utz Quality Foods LLC - Product / Service
    • Exhibit 124: Utz Quality Foods LLC - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 125: Inclusions checklist
    • Exhibit 126: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 127: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 128: Research methodology
    • Exhibit 129: Validation techniques employed for market sizing
    • Exhibit 130: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 131: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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