2020 Flair: Hear it from an Expert about the Current trend of Nut-Free Cookies Market
Pune, New York, USA, November 17 2020 (Wiredrelease) Research Dive –:According to a latest report published by Research Dive, the global is expected to surpass $1,477.5 million at a CAGR of 6.1% by the end of 2027.
The comprehensive report delivers a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Nuts related allergies have become a prime health concern. People with nut-related allergies experience hives, rashes, inflammation, swelling, and other common allergic reactions which in some cases could prove to be fatal. In addition, increased patients of diabetes and obesity who are strictly recommended not to eat nuts and gluten products are also adopting nut-free cookies. These are the main factors behind the growth of the market.
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 is predicted to hamper the market growth.
However, with some initiatives has risen the awareness about the importance of a healthy diet. Also, increasing popularity of e-commerce vendors of nut-free cookies will create good opportunities for the market.
The report has divided the market based on product, distribution channel, and regional analysis.
Chocolate segment will be the most profitable
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. While most people consider healthy food items to have a dull taste adding flavors such as chocolate would elevate the taste of a product which will foster the growth of the segment.
Offline segment to register the highest growth
The offline segment is anticipated to register the highest 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. This factor is going to enhance the market growth.
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North America region to obtain the largest market share
North America region is expected to hold the largest market share during the forecast period on basis of regional analysis. 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.
Leading players of the market
As per the report, the most significant players of the global nut-free cookies market include
• Skeeter Snacks, LLC.,
• Mondelēz International Inc.,
• Britannia Industries,
• Nestlé, Divvies LLC,
• Homefree LLC,
• Not a Trace Pty Ltd.,
• Conagra Brands Inc.,
• Rich Products Corporation,
• Terra Cotta Cookies Co.
The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
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