Cheese Snacks Market Size was valued at USD 14.1 billion in 2023. The Cheese Snacks industry is projected to grow from USD 14.89 Billion in 2024 to USD 20.67 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.62% during the forecast period (2024 - 2032). Rising demand for natural and clean label ingredients, increasing demand for premium products, and the growth of the functional food industry are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cheese Snacks Market Trends
Increasing demand for convenient and healthy snacks to boost market growth
The cheese snacks market has seen significant growth in recent years, fueled by increasing demand for convenient and healthy snacks. Consumers are looking for quick and easy snacks to eat on-the-go, and cheese-based snacks are a perfect fit for this trend. Cheese snacks also provide a good source of protein, calcium, and other essential nutrients, making them a healthy and satisfying option.
Moreover, rising popularity of snacking culture is also driving the growth of the cheese snacks market is the. Snacking has become an integral part of modern lifestyles, with people looking for small bites to munch on throughout the day. Cheese-based snacks are a popular and tasty option for snacking, as they offer a wide range of flavors and textures to choose from.
The increasing demand for cheese-based products is also contributing to the growth of the cheese snacks market. Cheese is a versatile ingredient that can be used in a variety of food products, from pizzas and sandwiches to snacks and dips. The demand for cheese-based products has been increasing steadily, as consumers are willing to try new and innovative flavors.
Furthermore, with the rise of e-commerce and online retail channels, cheese snacks are becoming more accessible to consumers around the world. The cheese snacks market is also expected to benefit from the growing popularity of plant-based and dairy-free snacks, as manufacturers continue to innovate and meet the changing needs of consumers.
Cheese Snacks Market Segment Insights
Cheese Snacks Product Type Insights
The Cheese Snacks market segmentation, based on product type, includes baked, fried, and others. The chocolate Cheese Snacks segment held the majority share in 2022 contribution to the Cheese Snacks market revenue. This is primarily owing to increasing demand for convenient and healthy snacks. This baked type is preferred by health-conscious consumers who want to avoid fried snacks. Baked cheese snacks include cheese crackers, cheese crisps, and cheese straws.
Cheese Snacks Distribution Channel Insights
The Cheese Snacks market segmentation, based on distribution channel, includes store-based, and non-store based. The non store based segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the non-store-based distribution channels offer consumers the convenience of being able to purchase products online and have them delivered to their doorstep, which is particularly advantageous for consumers who have busy lifestyles or who live in remote areas. As e-commerce continues to grow, non-store-based distribution channels are expected to become increasingly popular in the cheese snacks market. Store-based distribution channels are more traditional and offer consumers the opportunity to see and taste the product before purchasing. Hence, rising distribution channels of non-store-based Cheese Snacks positively impacts the market growth.
Figure 1: Cheese Snacks Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cheese Snacks Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Cheese Snacks market accounted for USD 6.45 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the fast-paced lifestyle and preference for convenient and tasty snacks. The demand for cheese snacks in Canada is also growing, driven by the rising trend of snacking and the popularity of cheese as a protein-rich ingredient.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CHEESE SNACKS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Cheese Snacks market accounts for the second-largest market share due to the demand for premium food products. The increasing demand for healthy and convenient snacks is driving the growth of the cheese snacks market in the region. The market is also driven by the popularity of cheese as a staple ingredient in European cuisine. Further, the Germany Cheese Snacks market held the largest market share, and the UK Cheese Snacks market was the fastest growing market in the European region
The Asia-Pacific Cheese Snacks Market is expected to grow at the fastest CAGR from 2022 to 2030. The Asia-Pacific Cheese Snacks market is driven by the increasing urbanization, rising disposable incomes, and changing consumer preferences. The demand for cheese snacks is driven by the growing popularity of Western-style snacks and the rising trend of snacking. Moreover, China Cheese Snacks market held the largest market share, and the India Cheese Snacks market was the fastest growing market in the Asia-Pacific region
Cheese Snacks Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Cheese Snacks market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Cheese Snacks industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Cheese Snacks industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Cheese Snacks industry has provided innovative products with some of the most significant benefits. The Cheese Snacks market major player such as 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) and others are working to expand the market demand by investing in research and development activities.
PepsiCo is a leading food and beverage company that offers a diverse portfolio of products including brands such as Pepsi, Lay's, Doritos, Tropicana, Quaker, and Gatorade. The company operates in over 200 countries and has a strong presence in both developed and emerging markets. PepsiCo is committed to sustainable growth and has set ambitious goals to reduce its environmental footprint, promote diversity and inclusion, and improve the health of its products. In January 2021, PepsiCo's Frito-Lay division announced a partnership with dairy company Saputo to launch a new line of cheese snacks called Cheesy Dip. The snacks feature a dip made with real cheese and are paired with crunchy dipping chips.
General Mills is a multinational food company headquartered in Minneapolis, Minnesota. The company's portfolio of brands includes household names such as Cheerios, Pillsbury, Nature Valley, and Betty Crocker. General Mills operates in more than 100 countries worldwide and is committed to sustainability, responsible sourcing, and promoting healthy lifestyles. In September 2021, General Mills announced the launch of a new line of cheese snacks under its Nature Valley brand. The Nature Valley Poppers are bite-sized cheese snacks that are made with real cheese and no artificial colors, flavors, or preservatives. The new product is designed to cater to the growing demand for convenient and tasty snacking options that are also healthy and wholesome.
Key Companies in the Cheese Snacks market includes
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)
Cheese Snacks Industry Developments
PepsiCo expanded their Cheetos Puffs range with "Flamin' Hot Crunch" and "Cheesy Jalapeno" flavors.
January 2022 Lactalis American Group, Inc. announced the acquisition of Kraft Heinz's natural cheese business in the United States for $3.2 billion.
September 2021 Kellogg Company acquired the cracker and cheese snack brand, Cheez-It from Ferrero International S.A. for $1.2 billion.
March 2021 Tillamook launched a new line of cheese snacks called Tillamook Creamery Collection. The snacks feature bite-sized pieces of Tillamook cheese coated in a crunchy breadcrumb crust.
May 2020: Kraft Heinz launched a new line of cheese snacks called Kraft Trios. The snacks feature a combination of cheese, nuts, and dried fruit.
August 2020: The Laughing Cow announced a partnership with Uber Eats to offer free cheese snacks to customers who ordered food from participating restaurants.
October 2020 Utz Quality Foods announced the acquisition of the H.K. Anderson brand, which produces a variety of snack products, including cheese balls and cheese curls.
Cheese Snacks Market Segmentation
Cheese Snacks Product Type Outlook
Baked
Fried
Others
Cheese Snacks Distribution Channel Outlook
Store-Based
Non-Store-based
Cheese Snacks Regional Outlook
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 14.1 billion |
| Market Size 2024 | USD 14.89 billion |
| Market Size 2032 | USD 20.67 billion |
| Compound Annual Growth Rate (CAGR) | 5.62% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2020 - 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Sargento Foods Inc (US), PepsiCo Inc. (US), McCain Foods Limited (Canada), TINE SA (Norway), Utz Quality Foods Inc. (US), ITC Limited (India), and General Mills Inc. (US) |
| Key Market Opportunities | Increasing demand for cheese-based products |
| Key Market Dynamics | Increasing demand for convenient and healthy snacks to boost market growth |
Cheese Snacks Market Highlights:
Frequently Asked Questions (FAQ) :
The Cheese Snacks market size was valued at USD 14.1 Billion in 2023.
The market is projected to grow at a CAGR of 5.62% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Sargento Foods Inc (US), PepsiCo Inc. (US), McCain Foods Limited (Canada), TINE SA (Norway), Utz Quality Foods Inc. (US), ITC Limited (India), and General Mills Inc. (US).
The non-store-based cheese snacks category dominated the market in 2023.
The baked had the largest share in the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
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