PUBLISHER: Grand View Research | PRODUCT CODE: 1268859
PUBLISHER: Grand View Research | PRODUCT CODE: 1268859
The U.S. cheese sticks market size was estimated to reach USD 2.42 billion in 2030 and is anticipated to expand at a CAGR of 6.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. One of the major drivers propelling the market expansion over the forecast period is the growing trend of healthy snacking which is surged by urbanization and hectic lifestyle. Moreover, the increased availability of cheese sticks in numerous flavors coupled with the willingness of consumers to try out new tastes in cheese sticks is further driving the growth of the market.
Consumers perceive cheese sticks as a healthy snack as it contains calcium and protein resulting in increased consumption thus driving the market. Cheese sticks are also included in meals in various educational institutes across the nation resulting in high sales. In addition, increasing demand for snack options that are healthy as well as indulgent is resulting in increased demand for cheese sticks in different flavors. Overall, the above-mentioned factors are the key drivers of the cheese sticks market in the nation.
The conventional segment dominated the market and held the major share of the market in 2022. The production of conventional cheese sticks is high owing to the high availability of conventional milk as raw material. Additionally, the increasing trend of snacking in the region is further contributing to the segment's growth. Moreover, increasing travel owing to the increased tourism sector in the country is creating growth opportunities for on-the-go snacking and intaking nutrition which is propelling the sales of conventional cheese sticks.
The adults segment accounted for the largest share of the market in 2022. Cheese sticks are available in numerous flavors and are regularly enjoyed by an increasing number of adults in the region. The rising demand for convenience and ready-to-eat snacks owing to the busier and hectic lifestyle of consumers is a major factor attributing to the market growth in the U.S. Moreover, the increasing focus of manufacturers on developing shelf-stable cheese sticks for snacks is another major factor fueling the market growth over the forecast period.