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Global Cheese Based Snacks Market 2018-2022

Global Cheese Based Snacks Market 2018-2022

About this market

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. Technavio’s analysts have predicted that the cheese-based snacks market will grow at a CAGR of over 5 % by 2022.

Market overview

Evolving taste preferences

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.

Fluctuations in raw material costs

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.

For the detailed list of factors that will drive and challenge the growth of the cheese-based snacks market during 2019-2023, view our report.

Competitive landscape

The cheese based snacks market appears to be fragmented owing to the presence of a considerable number of companies and the competitive environment is quite intense with all companies focusing on improving their market position. Some of the factors that are impacting the growth of the cheese based snacks market are the evolving taste preferences and the increasing new product launches. General Mills, Kellogg Company, Mars, McCain Foods, PepsiCo, Sargento Foods are some of the leading companies in the market.

‘With the presence of a considerable number of companies, this market appears to be fragmented and with all companies constantly focusing improving their market positions, the competitive environment among the players is quite intense’. By offering a comprehensive analysis of the market’s competitive environment and with information on the products offered by these companies, this cheese based snacks market analysis will help clients identify new growth opportunities and design new growth strategies.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Cheese Based Snacks Market 2018-2022

Technavio recognizes the following companies as the key players in the global cheese based snacks market: General Mills, Kellogg Company, Mars, McCain Foods, PepsiCo, Sargento Foods

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing new product launches.”

According to the report, one of the major drivers for this market is the evolving taste preferences of consumers.

Further, the report states that one of the major factors hindering the growth of this market is fluctuations in raw material costs.

Companies Mentioned

General Mills

Kellogg Company

Mars

McCain Foods

PepsiCo

Sargento Foods

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global processed snacks market
      • Table Segments of global processed snacks market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
    • Market size and forecast 2017-2022
      • Table Global market: Size and forecast 2017-2022 ($ billions)
      • Table Global market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by end-user
    • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Retail - Market size and forecast 2017-2022
      • Table Retail - Market size and forecast 2017-2022 ($ billions)
      • Table Retail - Year-over-year growth 2018-2022 (%)
    • Foodservice - Market size and forecast 2017-2022
      • Table Foodservice - Market size and forecast 2017-2022 ($ billions)
      • Table Foodservice - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Table Market segmentation by distribution channel 2017
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2017-2022 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ billions)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ billions)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ billions)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • US
    • China
    • UK
    • Japan
    • Germany
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table US corn prices ($/metric ton)
      • Table Impact of drivers and challenges
  • Market trends
    • New product launches
    • Clean labeling
    • Rise in marketing and promotional campaigns by snacks manufacturers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • General Mills
      • Table General Mills - Vendor overview
      • Table General Mills - Business segments
      • Table General Mills - Organizational developments
      • Table General Mills - Geographic focus
      • Table General Mills - Segment focus
      • Table General Mills - Key offerings
    • Kellogg Company
      • Table Kellogg Company - Vendor overview
      • Table Kellogg Company - Business segments
      • Table Kellogg Company - Organizational developments
      • Table Kellogg Company - Geographic focus
      • Table Kellogg Company - Segment focus
      • Table Kellogg Company - Key offerings
    • Mars
      • Table Mars - Vendor overview
      • Table Mars - Product segments
      • Table Mars - Organizational developments
      • Table Mars - Key offerings
    • McCain Foods
      • Table McCain Foods - Vendor overview
      • Table McCain Foods - Product segments
      • Table McCain Foods - Organizational developments
      • Table McCain Foods - Key offerings
    • PepsiCo
      • Table PepsiCo - Vendor overview
      • Table PepsiCo - Business segments
      • Table PepsiCo - Organizational developments
      • Table PepsiCo - Geographic focus
      • Table PepsiCo - Segment focus
      • Table PepsiCo - Key offerings
    • Sargento Foods
      • Table Sargento Foods - Vendor overview
      • Table Sargento Foods - Product segments
      • Table Sargento Foods - Organizational developments
      • Table Sargento Foods - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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