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.
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.
Full Research Report On Nut-free Cookies Market Visit Here:
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Nut-Free Cookies
Market Report Highlights
- 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.
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Nut-free Cookies
Market Segmentation
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
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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