Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The US and Europe nuts and seeds cheese market are poised for significant growth in the upcoming years, primarily driven by the increasing consumer inclination towards vegan diets and a rising incidence of lactose intolerance in both regions. The health benefits associated with nuts and seeds further contribute to the market's expansion. However, challenges such as growing nut allergies and product pricing may hinder market growth. On the flip side, the surge in organic food and beverage consumption presents a lucrative opportunity for industry players during the forecast period.
The market segmentation based on product type includes almonds, cashews, sunflower seeds, chia seeds, macadamia, pistachio, and others. Cashews currently dominate the market share and are expected to maintain an above-average growth rate. Meanwhile, the sunflower seed segment is projected to witness the highest compound annual growth rate (CAGR) throughout the forecast period.
In terms of form, the market is categorized into blocks & wheels, spreads, and others. The blocks & wheels segment captured the largest market share in 2019 and is anticipated to experience the highest CAGR in the coming years.
The distribution channel segmentation comprises store-based and non-store-based channels. The store-based category, further divided into supermarkets & hypermarkets, convenience stores, and others, dominated the market share in 2019. While the store-based segment is expected to register a moderate CAGR during the forecast period, the non-store-based segment is projected to exhibit a higher CAGR during the review period.
Despite the positive outlook, certain challenges loom over the market. The increasing prevalence of nut allergies poses a risk, and the relatively high prices of these products may impede market growth. However, the escalating demand for organic food and beverages presents a promising opportunity for market vendors in the US and Europe, offering potential growth avenues in the coming years.
The US and Europe nuts and seeds cheese market are on track for robust growth, fueled by shifting consumer preferences towards vegan diets, increasing lactose intolerance, and the recognized health benefits of nuts and seeds. The market's trajectory is further influenced by factors such as product type, form, and distribution channels, with promising opportunities in the organic food and beverage segment. Challenges notwithstanding, the market is poised for a dynamic and evolving landscape during the forecast period.
US Europe Nuts Seeds Cheese Market Highlights:
Market Overview
US and Europe nuts and seeds cheese market is expected to register a CAGR of 6.84% to reach USD 1,25,405.19 Million by 2030. Nut and seed-based cheese is non-dairy cheese, which is prepared using nuts and seeds such as almonds, cashews, sunflower seeds, and chia seeds, among others.
The advent of the global pandemic, COVID-19, has resulted in a global crisis. Impacting over 213 countries, the pandemic has had a negative impact on the global economy. The US is one of the countries that has been significantly affected by the outbreak of the novel coronavirus. Almost all states in the US have now reported cases of COVID-19, with the number growing rapidly every day. With over 358,104 fatalities, the global pandemic is expected to result in the advent of a global recession. The outbreak of COVID-19 has affected production, supply chain, consumer buying behavior in the US and Europe nuts and seeds cheese market. As physical movements are restricted, several businesses have shifted to e-commerce. Consumers are relying on e-commerce to fulfill their essential needs. However, consumers judge the brand value and opt for the product after being satisfied with its hygiene and sanitation. Thus, consumers prefer brands that can offer consistent standards of service with full hygiene practices. The era of social distancing is acting as the inflection point of certain consumer habits. It is prompting nut and seed-based cheese manufacturers in the US and Europe to incorporate innovation in their operating models as per the preference of the consumers.
Market Dynamics
The US and Europe nuts and seeds cheese market has witnessed significant growth over the last few years and is projected to register a substantial growth rate during the forecast period. The prime drivers for the growth of the nuts and seeds cheese market include the rising consumer preference towards the vegan diet and increasing lactose intolerance among the population of the US and Europe. Additionally, the health benefits associated with nuts and seeds is likely to upsurge the growth of the market. Increasing incidences of nut allergies along with the high price of the products are anticipated to restrict the growth of the market. The increasing adoption of organic food & beverages is anticipated to promise a lucrative opportunity for the players in the US and Europe nuts and seeds cheese market during the forecast period.
US and Europe Nuts and Seeds Cheese Market Revenue, by Product Type, 2030 (USD Million)
Sources: MRFR Analysis
Segmentation
The cashews segment accounted for the major share in 2019 and is expected to expand at a substantial CAGR and reach USD 43,931.51 thousand by the end of 2030. Cashews are rich sources of fat, protein, calcium, iron, and phosphorus, as well as excellent sources of antioxidants. They can be consumed directly or in roasted, salted, or flavored forms. However, cashews are gaining popularity as ingredients in bakery and confectionery products and dairy products. Cashews are widely used in the production process of nut-based cheese over the last few years. However, the production of cashews is highly concentrated in the countries of Asia-Pacific and Africa. The cashews segment is projected to exhibit a decent CAGR during the forecast period.
US and Europe Nuts and Seeds Cheese Market Share, by Region/Country, 2021 (%)
Sources: MRFR Analysis
Country Analysis
Europe accounted for a larger market share of 69.62% of the US and Europe nuts and seeds cheese market in 2019. The popularity of vegan food and beverages is exceptionally high in European countries, which has increased the demand for nut and seeds cream cheese exponentially over the last few years. Increasing consumer preference towards organic and non-genetically modified (GM) products combined with increasing adoption of flexitarians, vegetarian, and vegan diets are anticipated to boost the demand for vegan food and beverages. The US also accounted for a significant share of the nuts and seeds cheese market in 2019. The demand for plant-based food has been rising rapidly across the US in the last few years, which, in turn, increases the demand for nuts and seeds cheese in the country.
Key Players
The Prominent Players operating in the US and Europe nuts and seeds cheese market include 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 (UK).
The players operating in the US and Europe nuts and seeds cheese market are focusing on investing in research and development and adopting strategic growth initiatives such as product launches and expansions to strengthen their market position and capture a large customer base. Â Â
Market Segmentation
US and Europe Nuts and Seeds Cheese Market, By Product Type
- Almonds
- Cashews
- Sunflower Seeds
- Chia Seeds
- Macadamia
- Pistachio
- Others
US and Europe Nuts and Seeds Cheese Market, By Form
- Blocks & Wheels
- Spreads
- Others
US and Europe Nuts and Seeds Cheese Market, By Distribution Channel
-
Store-Based- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
US and Europe Nuts and Seeds Cheese Market, By Region/Country
- US
-
Europe- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Available Additional Customizations
- Company Profiles of Regional Key Players
- Country-Level Analysis
Intended Audience
- Nuts & seeds cheese manufacturers
- Food manufacturers
- Dairy Farming Associations
- Functional food manufacturers
- Processed food manufacturers
- Raw material suppliers
- Traders, wholesalers, and distributors
- Governments, associations, and industrial bodies
- Investors and trade experts
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
