North America Cheese Based Snacks Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

North America Cheese Based Snacks Market Outlook

The North America cheese based snacks market size was approximately USD 22.98 billion in 2023. The market is assessed to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of around USD 39.30 billion by 2032.

Key Trends in the Market

Cheese based snacks refer to snacking options that contain a significant amount of cheese. Some popular types of cheese used in snacks include mozzarella, cheddar, and parmesan, among others. Cheese based snacks are preferred by consumers due to their ability to serve taste and nutritional value simultaneously. Some popular cheese based snacks include cheesy breadsticks, pizza pinwheels, mac and cheese balls, cheese dips, and mozzarella sticks, among others.

• Customers in North America, especially the United States, consume a fair amount of cheese due to its convenience, versatility, and flavour profile. According to the U.S. Department of Agriculture (USDA), the consumption of cheese reached nearly 42 pounds per person in 2022. Customers prefer cheese based snacks to celebrate different festivals and occasions and to modify their meal and snacking routines.

• One of the key trends supporting the North America cheese based snacks market growth is an increase in consumer demand for cheese due to its nutritional value. Cheese is a great source of protein, calcium, and Vitamin B-12. With the shift towards healthy snacking options amid the rising health consciousness in the region, the demand for cheese based snacks is witnessing a surge.

• The change in dietary trends also promotes the North America cheese based snacks market demand. Various surveys reveal that ketogenic diets are one of the most popular types of diet among Americans. The low-carb and high-protein nature of cheese is expected to drive the consumption of cheese based snacks in the forecast period.

North America Cheese Based Snacks Market Segmentation

Based on the type, the market is segmented into mozzarella, cheddar, parmesan, and feta, among others. On the basis of distributional channel, the market can be divided into supermarkets and hypermarkets, convenience stores, and online, among others. On the basis of country, the market is divided into the United States of America and Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America cheese based snacks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• General Mills, Inc. 

• Lactalis Heritage Group, Inc. 

• Mars Inc. 

• PepsiCo, Inc. 

• Nestle S.A. 

• Sargento Foods Inc. 

• Kellanova 

• McCain Foods Limited

• Amy's Kitchen, Inc. 

• Rich Products Corporation 

• Others

Market Share by Distribution Channel

Online platforms account for a significant portion of the North America cheese based snacks market share as they can reach a diverse and wider audience base as compared to traditional distribution channels. Online platforms have emerged as pioneers in the era of the internet as they provide multiple advantages to customers.

The ease of ordering food products has been facilitated by the omnipresence of various food delivery websites and applications. Nowadays, customers prefer shopping for different products, including food products, through online platforms as they can get a wider choice, compare different product prices, and avail benefits like discounts and offers.

Market Share by Country

As per the North America cheese based snacks market analysis, the United States of America holds a significant market share. The ability of cheese to blend with any food type makes it an ideal choice for Americans. Furthermore, the numerous varieties of cheese based snacks, including cheese balls, cheesy french fries, and mozzarella cheese sticks enjoy wide popularity in the country.

Moreover, the launch of innovative and healthy cheese based snacks in the country is further aiding the market growth. For instance, in August 2023, Kerrygold introduced a gluten-free and high-protein ready-to-cheese stick, Kerrygold Cheese Snacks, in snackable and convenient format across the United States.

Competitive Landscape

PepsiCo, Inc. was founded in 1965 and is headquartered in Harrison, New York. It is an American multinational food, snack, and beverage company. Some of its popular products are Lay's, Cheetos, Doritos, Mountain Dew, Gatorade, Pepsi-Cola, Quaker, and SodaStream, among others.

Nestle S.A. was founded in 1866 and is headquartered in Vevey, Switzerland. It is a Swiss multinational food and beverage processing conglomerate that owns numerous brands including Maggi, KitKat, Nescafe, Gerber, and Smarties, among others.

McCain Foods Limited is headquartered in Canada and is a global leader in the frozen food market. It offers multiple frozen packaged products, including Smiles, Tasti Taters, “Extra Crispy” Classic Fries, Crinkle Cut French Fries, and Seasoned Waffle Fries, among others.

Other North America Cheese based snacks market players include General Mills, Inc., Lactalis Heritage Group, Inc., Mars Inc., Sargento Foods Inc., Kellanova, Amy's Kitchen, Inc., and Rich Products Corporation, among others.

Key Highlights of the Report