Nut-Free Cookies Market Report
Nut-Free Cookies Market by Product (Chocolate, Vanilla, Gingerbread, Others), Distribution Channel (Offline, Online), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027
Global Nut-Free Cookies Market Analysis:
Nut-free cookies are simply baked snack item which comes in various shapes and is sweet to taste. These nut-free cookies require ingredients like sugar, oil or fat, flour, and multiple others as per the customization. These customizations enable manufacturers to serve and cater to the wider population as per the customer’s demand, taste, or liking for a particular flavor. For this reason, nut-free cookies come in various flavors and also with multiple other healthy and beneficial ingredients. The wide variety of nut-free cookies attract people of all age and also people on specific diets or having issues with nuts. Nut-free cookies, as the name suggests, are free from any kind of nuts such as peanut, groundnut, walnuts, cashews, and others as well as soy and gluten. They have become majorly popular across the globe and are being consumed by the majority of the population on a daily basis.
Nuts related allergies and patients suffering from diabetes and obesity are the major factors driving the market growth
Nuts related allergies have become a prime health concern as they develop symptoms like hives, rashes, inflammation, swelling, and other common allergic reactions which in some cases could prove to be fatal. As per an article by News-Medical.net from February 2019, peanut related allergy is the most common type of food allergy found across the globe. In some regions, the prevalence of these allergies could be as high as 1 in 200 individuals. These numbers majorly occur in the younger generation and are vastly growing owing to which the majority of the population has started consuming nut-free cookies. Further, increased patients of diabetes and obesity who are strictly recommended not to eat nuts and gluten products are also adopting nut-free cookies. According to a report published by the World Health Organization (WHO) from June 2020, diabetes patients grew from 108 million in the year 1980 to approximately 422 million in 2014. Another report from WHO from April 2020 states that approximately 1.9 billion adults are overweight across the globe, of which 650 million adults fall under the obese category. These figures are further expected to majorly grow during the forecast period. People with diabetes and obesity are highly opting to consume healthy and better alternatives like nut-free cookies which is the major factor propelling the market growth. These factors combined are facilitating in market growth and are causing a significant rise in demand for nut-free cookies globally.
Low awareness and improper eating habits are negatively impacting the market growth
A major portion of the population is unaware of nut-free cookies and doesn’t possess much knowledge about the benefits of the product. A big portion of the consumers of cookies doesn’t differentiate much amongst the nut-free and nut cookies which hamper the market growth. Furthermore, negative eating habits by obese and diabetes patients also hinder the market growth as they are least aware of proper diet and end up purchasing nut-cookies.
Growing focus on a healthy diet and increasing e-commerce vendors to create lucrative market opportunities
Population across the globe has become highly aware of their diet and are getting inclined toward consuming more healthy products. A big section of society is completely revamping their eating habits by incorporating low calorie and high nutritional products. This has led to growing awareness and adoption amongst people for nut-free products owing to their nutritional benefits. Furthermore, growing healthcare centers and other diet program clinics that provide people with appropriate diet plans are also helping the market to grow. These centers promote the usage of nut-free cookies by providing samples and even selling them at their own outlets. This factor is going to create huge market opportunities during the forecast period. Also, the growing mode of e-commerce for ordering groceries and other food items has positively impacted the market. Growing modes of online grocery ordering applications enable a huge portion of the population to health products like nut-free cookies online. This factor is going to cause a massive rise in demand for nut-free cookies and help the market to grow.
Global Nut-Free Cookies Market, by Product:
A Chocolate segment to be the most lucrative till 2027
The chocolate segment will have a dominating share in the global market and it is expected to register a significant revenue during the forecast period. The dominance of chocolate nut-free cookies is majorly due to customer likings and taste. While most people consider healthy food items to have a dull taste adding flavors such as chocolate could majorly elevate the taste of a product. In addition, rising chocolate and cocoa consumption is motivating major manufacturers to produce chocolate infused versions of nut-free cookies, which have become highly popular.
Global Nut-Free Cookies Market, by Distribution Channel:
An Offline segment to register maximum growth
The offline segment is anticipated to register maximum growth in the global nut-free cookies market during the forecast period. The growth of offline mode can be contributed to the fact that consumers find it highly convenient to purchase from offline stores. Also, consumers are highly reluctant to opt online modes for grocery and food items purchase as they are unsure of the quality and expiry of the product. Furthermore, the wide availability of all types of products at one place with major price drops and schemes attract most of the population to purchase using offline mode.
Global Nut-Free Cookies Market, by Distribution Region:
North America region to hold the largest market share
North America region is expected to hold the largest market share in the global nut-free cookies market during the forecast period. Increased awareness about nut-free cookies, high prevalence of allergies related to nuts, rising obese and diabetes patient, and availability of market leaders are the major factors boosting the market growth. Also, a severe prevalence of allergies by consuming nuts and less scope of appropriate treatment for allergies force people to only consume the nut-free products.
Asia-Pacific region to grow at a fast pace, during the forecast period
Asia-Pacific region is anticipated to grow at a fast pace in the global nut-free cookies market during the forecast timeframe. extensively increasing consumer spending on healthy food items, increasing awareness about nuts related allergies, growing diabetes patients in the region, and the rise in e-commerce modes for food supply are driving the market growth. Furthermore, increased awareness by a healthy lifestyle has changed eating habits and daily consumption by introducing more healthy food options such as nut-free cookies as a snack. These factors may lead to drive the growth of the global market, over the forecast period.
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Key Participants in the Global Nut-Free Cookies Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players
Source: Research Dive Analysis
Some of the significant global nut-free cookies market players include Skeeter Snacks, LLC., Mondel?z International Inc., Britannia Industries, Nestlé, Divvies LLC, Homefree LLC, Not a Trace Pty Ltd., Conagra Brands Inc., Rich Products Corporation, and Terra Cotta Cookies Co.
Global nut-free cookies market players are emphasizing more on advanced product development and merger & acquisition. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Type
Segmentation by Distribution Channel
Key Countries Covered
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia
Key Companies Profiled
Q1. Which are the leading companies in the global nut-free cookies market?
A. Mondel?z International, Inc., Nestl
Q2. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q3. What are the strategies opted by the leading players in this market?
A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.
Q4. Which companies are investing more in R&D practices?
A. Rich Products Corporation and Homefree LLC are investing more in R&D practices.