The Global Market for Cheese-based Snacks (2018-2022): CAGR is Projected to Grow at 5+% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Cheese-based Snacks Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The cheese-based snacks market will grow at a CAGR of over 5% by 2022.
The cheese-based snacks market has witnessed a myriad of innovations over the last few years and there has been constant launch of new products in the market. For instance, In July 2017, Hormel Foods launched a new snack, a meat-cheese-and-sweet item, under its Natural Choice meats brand. The Kraft Heinz Company launched Snack Trios, a snack that features creamy cheese, rich dark chocolate, and sweet fruit. Therefore, the increasing new product launches by regional and international vendors are boosting the growth of the cheese-based snacks market.
Taste preferences for processed snacks like cheese-based snacks are evolving as consumers, particularly the millennials, constantly seek different and new products. Therefore, manufacturers are striving to meet this rising demand through product innovation, brand-extension, and the introduction of new brands. Companies are focusing on introducing a wide variety of products that contains different flavors and ingredients. Plausibly, international brands are customizing their offerings to be in-line with local tastes.
The cost of raw materials has increased substantially in recent years owing to the widening gap between demand and supply. Any spurt in the price of raw materials, such as potatoes, corn, and nuts like almonds, not only raises manufacturing costs but also lowers profit margins of vendors. This is expected to be a challenging factor for companies during the forecast period.
Market TrendsNew Product Launches Clean Labeling Rise in Marketing and Promotional Campaigns by Snacks Manufacturers
Key PlayersGeneral Mills Kellogg Company Mars McCain Foods PepsiCo Sargento Foods
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by End-User
8. Customer Landscape
9. Market Segmentation by Distribution Channel
10. Geographic Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/lv3brb/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005781/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/06/2018 01:20 PM/DISC: 12/06/2018 01:20 PM