Growing Demand for Convenience Food
According to the new research study on "Europe and Asia Pacific RTC Cheese Snacks Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Product Type, Cheese Filler Type, Category, Nature, and Distribution Channel,” the market is expected to grow from US$ 1,072.30 million in 2022 to US$ 1,724.49 million by 2030; it is expected to record a CAGR of 6.1% from 2022 to 2030.
RTC cheese snacks are a popular and convenient choice for those looking for a quick and tasty snack. These snacks are typically pre-packaged and ready-to-eat items, making them an ideal on-the-go snack or a convenient option for a light bite. The cheese component adds a savory and satisfying element, appealing to cheese lovers. In Europe and Asia Pacific, there is an increasing emphasis on convenience in modern lifestyles. As people lead busier lives, the need for quick and easily accessible snack options has risen. RTC cheese snacks fulfill this demand by offering a ready-made solution that requires minimal preparation or cooking, making them a convenient choice for individuals with hectic schedules.
RTC Cheese Snacks Market Breakdown – by Region
Europe and Asia Pacific RTC Cheese Snacks Market Size and Forecasts (2020 - 2030), Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Cheese Balls, Cheese Sticks, Cheese Nuggets, and Others), Cheese Filler Type (Mozzarella, Gouda, Cheddar, Processed Cheese, and Others), Category (Vegan and Conventional), Nature (Frozen and Refrigerated), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others), and Geography
Europe and Asia Pacific RTC Cheese Snacks Market to Grow at a CAGR of 6.1% to reach US$ 1,724.49 million from 2022 to 2030
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Additionally, changing dietary habits and an evolving food culture have contributed to the popularity of RTC cheese snacks. The globalization of food trends has exposed consumers in Europe and Asia Pacific to a diverse range of flavors and cuisines. The inclusion of cheese, often associated with Western culinary traditions, in convenient snack formats, caters to the evolving taste preferences of consumers in these regions. As Western influences continue to shape eating habits in Asia Pacific and convenience becomes more valued in European markets, pre-packaged cheese snacks provide a convenient way to incorporate indulgent and flavorful options into daily diets.
Beths Gourmet Ltd, Shri Bajrang Alliance Ltd, Le Duc Fine Food BV, Gujarat Cooperative Milk Marketing Federation Ltd, McCain Foods Ltd, Godrej Agrovet Ltd, Aviko BV, ITC Ltd, Saputo Dairy United Kingdom Ltd, and Rich Products Corp are among the key players operating in the Europe and Asia Pacific RTC cheese snacks market. These key players adopt product innovation strategies and invest in business expansions to meet consumers' demands, further driving the Europe and Asia Pacific RTC cheese snacks market.
Impact of COVID-19 Pandemic on RTC Cheese Snacks Market
The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel bans, and business shutdowns in leading countries in Europe and Asia Pacific (APAC) negatively affected the growth of various industries, including the food & beverages industries. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and sales of various essential and nonessential products. Various companies announced possible delays in product deliveries and a slump in future sales of their products in 2020. In addition, the bans imposed by various governments in Europe and Asia Pacific on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. All these factors hampered the food & beverages industry in 2020 and early 2021, restraining the growth of the Europe and Asia Pacific RTC cheese snacks market.
The report segments the Europe and Asia Pacific RTC cheese snacks market as follows:
The Europe and Asia Pacific RTC cheese snacks market is segmented based on product type, cheese filler type, category, nature, and distribution channel. Based on type, the market is categorized into cheese balls, cheese sticks, cheese nuggets, and others. The cheese nuggets segment held the largest share of the Europe and Asia Pacific RTC cheese snacks market in 2022. Cheese nuggets are small, bite-sized snacks with cheese cubes in a crispy, flavorful batter. These delectable nuggets are typically deep-fried to achieve a crunchy exterior while maintaining a soft, melty cheese center. Cheese nuggets have become a favorite among cheese lovers with their rich texture and flavor. The demand for cheese nuggets in the Europe and Asia Pacific Europe and Asia Pacific RTC cheese snacks market has been surging due to their convenience, indulgence factor, and the growing popularity of snacking.
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