Press release
Cheese Sticks Market to Witness Massive Growth (2024-2031) | Keith's Quality Foods, Baker Cheese Inc
The Global Cheese Sticks Market reached USD $6.1 billion in 2022 and is projected to grow to USD $9.57 billion by 2031. The market is expected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2031.Cheese is a popular ingredient in the production of a variety of food products due to its rich nutritional profile, which makes it a healthy addition to the food and beverage industry. It is commonly used in making pizzas, burgers, and sandwiches. As lifestyles become increasingly busy and the demand for convenient, ready-to-eat options rises, the global appetite for quick and easy snacking solutions is growing significantly.
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Key Developments:
• In August 2022, Moon Cheese, known for its 100% cheese-based snacks, launched a new flavor of its Crunchy Cheese Sticks: Wild White Chedda. This product is highly popular among consumers for being made from 100% real cheese, and gluten-free. Its high protein and low carbohydrate content appeal to health-conscious individuals looking to reduce sugar intake.
• In March 2021, Tillamook, a dairy cooperative, introduced the Tillamook Creamery Collection, a new cheese snack featuring a crunchy breadcrumb crust. This product offers a flavorful snacking option for consumers.
• In September 2021, General Mills, through its Nature Valley brand, released a new line of cheese snacks, expanding its range of processed food products.
Market Dynamics:
Increasing Demand for Cheese Snacking Habits
Rising health consciousness and the growing demand for nutritious snacks are driving the global cheese sticks market. Cheese's high nutritional value, including its rich calcium and protein content, enhances its appeal as a healthy and beneficial snack option. To meet this demand, manufacturers are continually introducing new products.
In August 2023, Kerrygold, the renowned Irish dairy brand, expanded its product lineup by entering the on-the-go snacking segment in the U.S. The company launched new ready-to-eat cheese stick snacks in Dubliner and aged cheddar flavors. These snacks are popular among consumers for their convenience, gluten-free nature, and high protein content.
Market Segment Analysis
By Source: Organic, Conventional
By Product: Mozzarella Sticks, Cheddar Sticks, Marble Sticks, Others
By Type: Natural Cheese, Processed Cheese
By Distribution Channel: Foodservice Sectors, Hypermarkets & Supermarkets, Convenience Stores, Online Stores, Others
By Age Group: Kids, Adults
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Major Key players
• Keith's Quality Foods
• Baker Cheese, Inc.
• McCain Foods Ltd
• INNOVATE FOODS LTD
• Cavendish Farms
• Leprino Foods Company
• Rich Products Corporation
• SAPUTO CHEESE USA INC
• Arla Foods amba
• Bega Cheese Limited
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Related Reports:
Cheese Market: https://datamintelligence.com/research-report/cheese-market
Cheese Snacks Market: https://datamintelligence.com/research-report/cheese-snacks-market
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