Cheese Snacks Market is expected to rise at a CAGR of 5.2% from 2017 to 2025 - Persistence Market Research

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20 May, 2021, 12:00 GMT

NEW YORK, May 20, 2021 /PRNewswire/ -- With the changing lifestyles across the globe, the food habits of people are also changing. The onset of sedentary as well as hectic lifestyle has changed the way people consumer food. The food preferences have been altered, thus inclining consumers towards easy to eat and serve food and snacks. One of the most loved food item is cheese snack. Cheese snacks are consumed across the globe considering cheese being a fulfilling food item and is consumed at short snack time periods. Altering taste preferences and growing westernization are also responsible for the rising intake of cheese snacks across the globe. As a result, the global cheese snacks market is expected to rise at a CAGR of 5.2% from 2017 to 2025. Insights like these have been presented in a new report by Persistence Market Research titled "Cheese Snacks Market: Global Industry Analysis (2012 – 2016) & Forecast (2017 – 2025)."

Growing Preference of Savoury Snacks to Bode Well for the Market

Tiring schedules and arduous lifestyles are diminishing the time spent on preparing healthy and nutritious meals. Skipping breakfasts and lunches these days is a common phenomenon amongst consumers who are trying to keep pace with the hectic lifestyle. As a result, easily available and convenient food items such as snacks have become a likeable and preferred option amongst almost all age group of consumers. Furthermore, traditional snacks are being remodelled in all regions and are heavily influenced by the trend for innovative flavors. Cheese snacks have been popular in regions such as North America and Europe, and now, the demand for cheese snacks has spread across the world.

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The most frequently consumed cheese snacks are savoury snacks such as extruded snacks and salted chips. Frozen and processed cheese are also gaining popularity, because they fulfil many objectives of the consumers such as inexpensive food which can be refrigerated and eaten at will, food which is equally tasty and savoury, and satiates hunger. Despite the awareness and trend for junk-free food gaining traction, consumer addiction for cheese and other junk food items is expected to drive the growth of the cheese snacks market over the course of the forecast period.

Baked Products to Gain Prominence among Consumers

With consumers becoming more health consciousness and aware of the type of food they should eat ad diet they should follow, the demand for healthy snack options is increasing at a rapid rate. As a result, many consumer prefer baked item over fried while trying to avoid oil and fat. Cheese owns the tag of a 'naturally functional whole food'. Hence, numerous manufacturers are marketing cheese snack as a health snack. In the recent past, cheese had been deemed as a culprit for cardiovascular diseases, and was also linked to other junk food related health issues.

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However, recent advancements in scientific research have shed light on the nutrient profile of cheese, calling it a nutritional food product with proteins. Such growing awareness has ultimately led consumers to buy more cheese products. In some regions, cheese itself is often consumed as a snack. The consumption of cheese triangles, slices, dried pieces of cheese, etc., is very common in regions such as North America and Europe. In a nutshell, the demand for cheese perfectly complements the heavy snacking trend, fuelling the growth of the cheese snacks market.

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Companies to Focus on Taste and Quality

In order to stay competitive in the market, players are focusing on enhancing the taste and quality of the food products in order to attract health conscious consumers as well. Some of the leading companies operating in the market are Sargento Foods Inc., PepsiCo, Inc., McCain Foods Limited, TINE SA, UTZ Quality Foods, LLC., ITC Limited, and General Mills, Inc.

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