According to the current analysis of Reports and Data, the global Cheese Powder Market was valued at USD 480.66 Million in 2019 and expected to reach USD 720.65 Million by the year 2027, at a CAGR of 5.96%. Cheese powder is a rich powder obtained from cheese culture, salt, and other ingredients. It resembles the typical cheese in flavor but contains lower moisture. Cheese powder is generally used as a suitable dairy flavoring in the preparation of biscuits, snacks, soups, and sauces. It is also an essential food ingredient in daily life.
The distinction between texture and taste is determined by raw material used during the preparation of these items, such as type & breed of milk-producing animal, grazing and climatic factors, and others. It is rich in nutrients such as protein, essential minerals, fat, calcium, and others. Moreover, it offers certain health benefits such as stronger teeth & bones, healthy heart (if consumed in moderate quantity), prevention of osteoporosis, and others.
Cheese trade globally and therefore, the demand from developed countries remained strong. However, the U.S. Dairy Export Council states that demand and price for cheese are still growing in developing countries. The drop in pricing, with the increasing population, flourishing food services, and rising consumption of fast foods predicted to increase the demand for this commodity in developing countries. The companies producing are looking towards expansions, new launches, and acquisitions, thus driving the industry.
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Key participants include Land O’ Lakes, Inc. (US), Kerry Group (Ireland), Kraft Heinz Company (US), ADM (US), Lactosan A/S (Denmark), Aarkay Food Products Ltd. (India), All American Foods (US), Commercial Creamery Company (US), Kanegrade Limited (UK), and DairiConcepts, L.P (US)
Further key findings from the report suggest:
- By Type, Parmesean is projected to be the fastest growing in the industry. The consumers are increasingly demanding fresh and authentic flavors, natural ingredients, and prefer spending on high-quality soups, sauces, and dressings for better taste, texture, and appearance. This has led to an increased demand for parmesan cheese powder in soups, sauces, and dressings industry due to its authentic taste.
- Currently, cheddar is the most significant share in the industry growth. After cheddar, mozzarella dominates the industry, increasing consumption of pizza in emerging economies of the APAC segment is expected to boost the growth of the market internationally
- By Application, Sauces, dressings, dips, and condiments is projected to have the largest market share owing to increase in usage of these powder along with the consumption with pasta, vegetables, pizza, and casseroles. With the increasing consumption for fast food in Asia Pacific, the demand for these type in sauces, dressings, dips, and condiments is projected to grow at the highest rate in this region over the coming years.
- Asia-Pacific is projected to be the fastest-growing region in the global cheese powder market due to rapidly growing fast-food industry and changing dietary preferences of people in countries like China, India, and Australia that has led to an increased demand for cheese powder in the region. Furthermore, key players in this market are focusing to establish their position in these developing nations
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Type (Revenue, USD Million; 2017–2027)
- American Cheese
- Blue Cheese
Source (Revenue, USD Million; 2017–2027)
Application (Revenue, USD Million; 2017–2027)
- Bakery & Confectionery
- Sweet & Savory Snacks
- Sauces, Dressings, Dips, And Condiments
- Ready Meals
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Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- The U.S.
- Rest of the Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Cheese Powder market.
- To provide insights about factors affecting the market growth. To analyze the Cheese Powder market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
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