US and Europe Nuts and Seeds Cheese Market Synopsis:
US and Europe nuts and seeds cheese market is expected to register a CAGR of 6.84% to reach USD 1,25,405.19 Thousand by 2030.
US and Europe Nuts and Seeds Cheese Market Trends:
The market for nuts and seeds cheese in the United States and Europe has grown significantly in recent years and is expected to continue growing at a rapid pace during the forecast period. The primary drivers of the nuts and seeds cheese industry are growing consumer desire for vegan diets and increased lactose sensitivity among the US and European populations. Additionally, the health benefits connected with nuts and seeds are expected to boost the market's growth.
However, the rising prevalence of nut allergies, along with the high cost of the goods, is expected to restrain the market's expansion. The growing popularity of organic foods and beverages is expected to create attractive opportunities for participants in the US and Europe Nuts and Seeds Cheese Market Growth throughout the forecast period.
Treeline Treenut Cheese (US), Kite Hill (US), Dr-Cow Tree Nut Cheese (US), Miyoko's Creamery (US), Vtopian Artisan Cheeses (US), Heidi Ho! Foods (US), Parmela Creamery (US), Tyne Chease Limited (UK), and Nutcrafter Creamery are some of the prominent players operating in the US and Europe nuts and seeds cheese markets (UK).
The companies in the US and Europe nuts and seeds cheese markets are concentrating their efforts on R&D and strategic growth activities such as product launches and expansions to increase their market positions and grab a sizable client base.
What are the segmentations of US and Europe Nuts and Seeds Cheese industry?
US and Europe Nuts and Seeds Cheese industry are segmented by product online, Form, Distribution Channel, and Region
US and Europe Nuts and Seeds Cheese Market Segmentations:
The nuts and seeds cheese market in the United States and Europe has been categorized by product type, form, distribution channel, and region.
The market has been segmented by product type into almonds, cashews, sunflower seeds, chia seeds, macadamia, and pistachio. Cashews held the biggest market share in 2019. Cashews' increasing appeal as a component in bakery and confectionery items, as well as dairy products, is predicted to help the cashews segment's growth. The sunflower seeds category, on the other hand, is expected to increase at the fastest rate throughout the projection period.
The market has been classified according to its structure into blocks & wheels, spreads, and others. The blocks & wheels sector held the greatest market share in 2019 due to its role in ensuring the consistency of nut and seed-based cheese's taste and texture throughout the year. Additionally, the ease of availability and affordability of nut and seed-based cheese in the shape of blocks and wheels are expected to enhance demand.
The market has been split into store-based and non-store-based distribution channels. Additionally, the store-based component is divided into supermarkets & hypermarkets, convenience stores, and others. Due to the long shelf life and fast availability of the products, the category captured a greater market share in 2019. However, the non-store-based category is expected to grow at a faster rate than the store-based segment throughout the review period.
In 2019, Europe held a greater market share in the US and Europe Nuts Market and seeds cheese market, accounting for 69.62 percent of the market. Vegan cuisine and beverages are extremely popular in European countries, which has resulted in an exponential surge in demand for nut and seed cream cheese over the last few years. Consumer preference for organic and non-genetically modified (GM) products, as well as the growing popularity of flexitarian, vegetarian, and vegan diets, are expected to drive demand for vegan food and beverages.
Additionally, the US accounted for a sizable portion of the nuts and seeds cheese market in 2022. The demand for plant-based foods has been increasing fast in the United States over the last few years, which raises the country's demand for nuts and seeds cheese.
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