Nut-free Cookies Market Size Worth $1.50 Billion By 2027 | CAGR: 6.2%


Posted August 6, 2020 by sitakant

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

 
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.
For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/nut-free-cookies-market
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.
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.
To request research report sample copy with TOC please visit @:https://www.grandviewresearch.com/industry-analysis/nut-free-cookies-market/request/rs1
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
o U.S.
• Europe
o Germany
o U.K.
• Asia Pacific
o China
o Japan
• Central & South America
o Brazil
• Middle East & Africa
o 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
For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/450462/ibb
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By sitakanta
Country United States
Categories Business , Industry , Manufacturing
Tags nutfree cookies market size
Last Updated August 6, 2020