Nut-Free Cookie Market, Huge Growth Predicted For 2020-2027
Are you offering nut-free cookies to your customers? If not, you may want to consider the following data from Grand View Research, showing that the global nut–free cookie market is expected to be worth $1.50 billion by 2027.
A Rapidly Expanding Market
As of 2019, the chocolate segment of the cookie market, including chocolate chip cookies, was still the most in–demand style of cookie commanding roughly 50% of the global revenue share.
The demand for chocolate–flavored, or chocolate chip cookies, isn’t expected to change much but the demand for nut-free cookies is going to start gradually increasing this year.
Some analysts predict that there could be a CAGR of 6.7% between 2020-2027 alone, especially in the Asia Pacific region, where the demand for nut–free cookies is at its highest, while the United States isn’t far behind.
The key players in the nut-free cookie market in 2020 include:
Recent data from the American Journal of Managed Care shows that an estimated 1.2% of the entire population, including 2.5% of children in the United States are classified as having some type of peanut allergy.
Also, similar data from the American Journal of Managed Care also shows that peanut allergies are the most common allergy that children deal with, and it’s also one of the most common causes of death in children as well.
Stats Show More People Want Healthier Cookies
It’s not just people with nut allergies that are behind the growth of the nut-free cookie market.
The demand for nut–free cookies has also been helped by health-conscious people, including vegans and people who follow plant-based diets that want dairy–free snacks and aren’t willing to settle for eating cookies that could potentially be unhealthy for them.
Even though most consumers still want to purchase their favorite nut–free cookies at their local grocery stores, more consumers are choosing to purchase their cookies online and have those orders shipped to their houses.
Other buyers are ordering nut–free cookies and snacks over the internet and having them shipped to the store so that they can collect them from storage lockers (click and collect) which can commonly be found in major brand stores like Walmart.
Nut-free cookies are here for the long haul. Your company should consider being a part of this growing segment of the cookie market! By offering your customers healthier nut-free cookie product choices, while being able to grow your business at the same time.
By Jeremy Raglin, Editor-Content Writer
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