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Nut-free Cookies Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global nut-free cookies products market was valued at USD 21.2 billion in 2022 and is projected to expand at a CAGR of 6.5% from 2023 to 2030. The growing demand for nut-free cookies products has been driven by the rising consumer awareness about food allergies and the need to ensure food safety. Furthermore, the rising number of vegan consumers has also been a major factor driving the market growth. The vegan consumers prefer nut-free ingredients, specifically in cookies products, as they are free from animal-based products.
The increasing popularity of organic food has been a major factor driving the demand for nut-free cookies products. Consumers are becoming increasingly conscious about the food they consume, and hence, prefer organic products that are free from artificial ingredients, preservatives, and colors. Furthermore, the increasing demand for nut-free cookies products from the health-conscious population has been a major factor driving the market growth.
Also, the rising demand for gluten-free products has been a major factor driving the demand for nut-free cookies products. The growing number of people with gluten allergies and intolerance has led to an increase in the demand for gluten-free food products. As a result, the manufacturers are focusing on offering gluten-free nut-free cookie products to meet the demand. Additionally, the increasing demand for indulgence products with natural flavors has been a major factor driving the market growth.
Moreover, the increasing demand for convenience foods due to the busy lifestyles of consumers has been a major factor driving the market growth. The nut-free cookies products provide convenience and portability, which is making them a preferred choice among consumers. Furthermore, the increasing demand for private label products has been a major factor driving the market growth. The private label manufacturers are offering a wide range of nut-free cookies products that are affordable and easily available.
The increasing demand for nut-free cookies products from the foodservice industry has been a major factor driving the market growth. The foodservice industry is offering a wide range of nut-free cookies products that are appealing to the taste buds of consumers. Furthermore, the growing number of bakeries and confectioneries that are focusing on offering nut-free cookies products has been a major factor driving the market growth. The manufacturers are collaborating with foodservice outlets to offer a wide range of nut-free cookies products.
Product Insights
In 2022, gluten-free cookies are expected to dominate the market and account for a share of approximately 33.7%. This is attributed to increasing awareness among consumers regarding the health benefits of gluten-free cookies. According to an article published by the University of Leeds, in May 2020, it was estimated that the global gluten-free food market was worth US$ 4.5 billion in 2019 and is expected to grow at a CAGR of 9.2% from 2020 to 2025. Additionally, rising prevalence of celiac disease and increasing demand for vegan-friendly products are other major factors driving the market for gluten-free cookies.
Organic cookies are expected to be the fastest growing segment with a CAGR of 8.3% during the forecast period. Growing preferences for organic products among health-conscious consumers, increasing awareness about the harmful effects of synthetic ingredients, and rising demand for organic ingredients are some of the major factors driving the market for organic cookies. Furthermore, rising disposable incomes and the emergence of numerous organic product brands are further driving the demand for organic cookies.
Distribution Channel Insights
The supermarkets and hypermarkets segment dominated the global nut-free cookies products market in 2019 and is expected to continue its dominance during the forecast period. Supermarkets and hypermarkets are the largest distribution channels, offering a wide range of nut-free cookie products. These distribution channels offer a diverse range of nut-free cookies products, enabling customers to access the latest products, compare prices, and purchase in large quantities. Moreover, these channels also offer discounts to consumers and are convenient and cost-effective.
The online segment is expected to register the highest CAGR of 10.5% during the forecast period. The rising use of internet and mobile applications for purchasing products is driving the growth of this distribution channel. The increasing influence of social media on consumer buying behavior is also expected to drive the growth of the segment. The use of online platforms for marketing and promotion of nut-free cookie products is further expected to drive the growth of the segment. Furthermore, online shopping platforms such as Amazon and Flipkart are offering discounts and other deals to attract customers, thereby boosting the segment growth.
Type Insights
The conventional segment held the largest market share of 57.9% in the year 2022. The increasing demand for conventional nut-free cookies is primarily due to their cost-effectiveness. In addition, the availability of various flavors and shapes of conventional nut-free cookies in retail stores is driving the market growth.
The organic segment is expected to witness the fastest growth rate of 8.2% during the forecast period. Increasing health consciousness among consumers and growing awareness regarding the benefits of organic products are the key factors driving the growth of this segment. In addition, the increasing demand for organic nut-free cookies from food service providers is also fueling the market growth. Furthermore, the availability of organic nut-free cookies in e-commerce platforms is also driving the growth of this segment.
Regional Insights
Europe held the largest share in 2021, driven by the prevalence of allergies in the region. For instance, according to the European Federation of Allergy and Airways Diseases Patients’ Associations, an estimated 40-50 million people in the EU suffer from food allergies. The growing number of health-conscious consumers and rising demand for nut-free food is expected to fuel the growth of the market in the region. Additionally, numerous companies in the region are offering nut-free food products, which is also expected to drive the growth of the market.
North America is expected to witness the second-fastest growth in the coming years. The presence of major players in the region, such as Enjoy Life Foods, Little Secrets, and BFree, is expected to drive the growth of the market. Additionally, the increasing number of foodservice outlets, such as bakeries, restaurants, and cafes, is expected to drive the demand for nut-free cookies in the North American region. For instance, in December 2021, Enjoy Life Foods launched nut-free cookie dough products in the U.S.
Financial Projections
In this part of the nut-free cookies products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your nut-free cookies products. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a nut-free cookies products business comes from retail sales, catering orders, wholesale orders, and e-commerce sales. Here you will find a list with a description of each of them and other possible sources of profit such as fundraising, the sale of merchandise, and leasing the place for parties and corporate events.
Projecting Expenses
In this section, all the regular expenses related to keeping the nut-free cookies products business running will be described. The list of operating expenses includes ingredients and supplies, wages, maintenance and repairs, utilities, insurance policies, advertising, and others.
Key companies & market share insights
Some of the key companies operating in the nut-free cookies market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In July 2022, Enjoy Life Foods launched a new range of nut-free cookies in the US.
– In October 2022, Pepperidge Farm Inc. launched a new range of nut-free cookies under their ‘Milano’ brand.
– In December 2022, Biscoff launched their nut-free cookie range in the US.
Some of the prominent players in the nut-free cookies market include:
– Enjoy Life Foods
– Pepperidge Farm Inc.
– Biscoff
– Mrs. Fields
– Prairie City Bakery
– Daelmans Banket
– Kinnikinnick Foods
– Tate’s Bake Shop
– Stauffer’s Animal Crackers
– Country Choice Organic
Global Nut-free Cookies Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global nut-free cookies products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Chocolate Chip
– Oatmeal Raisin
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation in the Nut-free Cookies Products Market?
[A]: Product innovation is key to the nut-free cookies products market, as manufacturers focus on creating healthier and tastier alternatives to traditional nut-based cookies. Many manufacturers are now producing nut-free cookies with alternative ingredients such as oats, pumpkin, and other nut-free ingredients to meet the rising demand for healthier and allergen-free food products. Additionally, manufacturers are also focusing on developing vegan and gluten-free products to cater to the growing number of health-conscious consumers.
[Q]: Who are the Key Players in the Nut-free Cookies Products Market?
[A]: Key players in the nut-free cookies products market include Mondelez International, Inc., Enjoy Life Foods, Freedom Foods Group Limited, Glutino Food Group, and Little Northern Bakehouse.
[Q]: Which Region Offers the Largest Opportunity for Sales of Nut-free Cookies Products?
[A]: Currently, North America is the largest market for nut-free cookies products. This is due to the growing health consciousness among consumers, rising awareness of food allergies, increasing demand for gluten-free products, and the presence of several leading companies in the region.
[Q]: What are the factors driving the nut-free cookies products market?
[A]: The key factors driving the nut-free cookies products market are the growing number of food allergies, the rise in health consciousness, and the increasing preference for vegan and gluten-free products. In addition, technological advancements in manufacturing processes and the development of tasty alternatives to traditional nut-based cookies are expected to further boost the market growth over the forecast period.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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