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US and Europe Nuts and Seeds Cheese Market Research Report - Forecast till 2030

US and Europe Nuts and Seeds Cheese Market: Information by Product Type (Almonds, Cashews, Sunflower Seeds, Chia Seeds, Macadamia, Pistachio and Others), Form (Blocks & Wheels, Spreads and Others), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Convenience Stores and Others} and Non-Store-Based) and Region/Country (US and Europe) - Forecast till 2030

ID: MRFR/F-B & N/8863-CR | November 2020 | Region: Global | 101 Pages         

US and Europe Nuts and Seeds Cheese Market

US and Europe Nuts and Seeds Cheese Market Size is anticipated to reach USD 1,25,405.19 Million by 2030, registering a CAGR of 6.84% during 2022-2030.

Segmentation

By Product Type Almonds Cashews Sunflower Seeds Chia Seeds Macadamia Pistachio Others
By Form Blocks & Wheels Spreads Others
By Distribution Channel Store-Based Non-Store-Based
By Region/Country US Europe

Key Players

  • 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)
  • Nutcrafter Creamery (UK)

Drivers

  • Rising Consumer Preference Towards the Vegan Diet
  • Increasing Lactose Intolerance Among the Population of The US And Europe
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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)
US and Europe Nuts and Seeds Cheese Market


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 (%)
US and Europe Nuts and Seeds Cheese Market


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.   


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



Report Scope:

Report Attribute/Metric Details
  Market Size   125405.19 Million
  CAGR   6.84% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, By Form, By Distribution Channel, By Region/Country
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), Nutcrafter Creamery (UK)
  Key Market Opportunities   Increasing Lactose Intolerance Among the Population of The US And Europe
  Key Market Drivers   Rising Consumer Preference Towards the Vegan Diet


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Frequently Asked Questions (FAQ) :

US and Europe Nuts and Seeds Cheese Industry Size is expected to 1,25,405.19 Million by 2030

US and Europe Nuts and Seeds Cheese Market is anticipating to grow at a 6.84% during the forecast period of 2022–2030

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), Nutcrafter Creamery (UK)

Europe will lead the US and Europe Nuts and Seeds Cheese Market