Nut-free Cookies Market Size Worth $1.50 Billion by 2027 | CAGR: 6.2%: Grand View Research, Inc.
SAN FRANCISCO, July 8, 2020 /PRNewswire/ -- The global nut-free cookies market size is expected to reach USD 1.50 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% from 2020 to 2027. Increasing number of consumers having food allergy is fueling the growth of the market across the world. Nut allergy is one of the most common food allergies across the globe. This has been fueling the demand for the product.
Key suggestions from the report:
- In terms of product, the chocolate segment dominated the market in 2019 with over 45.0% share of the global revenue owing to increased consumption of the product
- Asia Pacific is expected to exhibit the fastest CAGR of 6.7% from 2020 to 2027
- The offline application segment dominated the market in 2019 and accounted for more than 80.0% share of the global revenue
- The online distribution channel is expected expand at the fastest CAGR of 7.2% from 2020 to 2027 due to increasing number of online retailers and smartphones.
Read 80 page research report with ToC on "Nut-free Cookies Market Size, Share & Trends Analysis Report By Product (Chocolate, Vanilla, Gingerbread), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/nut-free-cookies-market
Furthermore, increasing prevalence of obesity and overweight has been raising the consumption of the product among the health-conscious consumers. The product has been gaining popularity among the consumers as a healthy and safe snack. As a result, new players have been entering the market and existing companies are expanding their product portfolio in order to gain a competitive advantage over others.
In terms of product, the chocolate segment led the market with over 45.0% share of the total revenue in 2019. The chocolate and chocolate flavored food products have gained remarkable traction among the consumers. Over the past few years, consumers have been preferring dark chocolate as a healthier choice. As a result, manufacturers of the cookies industry have been expanding their chocolate product lines.
The offline distribution channel accounted for more than 80.0% share of the total revenue in 2019. A large number of the buyers still prefer to purchase grocery from the brick-and-mortar retailers over online retails. Furthermore, improved services such as "click and collect" have been fueling the growth of the distribution channel. The online distribution channel is expected to witness the fastest growth in the upcoming years owing to increasing popularity of online shopping across the world.
Grand View Research has segmented the global nut-free cookies market on the basis of product, distribution channel, and region:
- Nut-free Cookies Product Outlook (Revenue, USD Million, 2016 - 2027)
- Chocolate
- Vanilla
- Gingerbread
- Others
- Nut-free Cookies Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Offline
- Online
- Nut-free Cookies Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- List of Key Players of Nut-free Cookies Market
- Mondelēz International
- Conagra Brands, Inc.
- Nestlé S.A.
- Homefree LLC
- Rich Products Corporation
- Divvies LLC
- Not a Trace Pty Ltd.
- Skeeter Snacks, LLC, Darlington
- Terra Cotta Cookies Co
- Treasure Mills Inc.
- Just Desserts
Find more research reports on Consumer F&B Industry, by Grand View Research:
- Vegan Yogurt Market– Shifting traction towards dairy-free products among millennials on a global level is expected to promote the scope of plant-based nutritional products such as vegan yogurts.
- Vegan Confectionery Market– Exponentially growing acceptance of veganism over the world has been fueling the growth of the market. Furthermore, increasing influence of social media sites, such as Facebook and Instagram, dedicated to vegan lifestyles and encouraging people to opt for plant-based diet has contributed to the market growth.
- Pet Milk Replacers Market– Rising number of household pets among the consumers is the key factor for the market growth. Moreover, growing requirement for the nutritious and whole food for the pets is expected to fuel the market growth.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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