Global Cheese Powder Market Research Report: Information by Category (Organic and Conventional), Product Type (Cheddar, Mozzarella, Parmesan, Swiss, Blue, Gouda, and Others), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings & Spreads, RTC & RTE Meals, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2024
All American Foods Inc. (US), E. I. du Pont de Nemours and Company (US), Cargill Inc. (US), Archer-Daniels-Midland Company (US), Di Bruno Bros. (US), Kerry Group Plc. (Ireland), Land O Lakes Inc. (US), Kraft Foods Group, Inc. (US), DSM Nutritional Products AG (Switzerland), The Lactosan Group (Denmark), Arla Foods amba (Denmark), Frontier Co-op (US), DairiConcepts, L.P. (US) , Aarkay Food Products Ltd. (India), and Vita organic (Bulgaria) are some of the key players in the global cheese powder.
Cheese Powder Market is driven by some other factors such as rapid growth of the global convenience and fast foods industry, increase in consumer spending, rapid urbanization, and improved standard of living of the consumers. Growing usage of cheese powder as an ingredient in the hotels & restaurants, and food processing industries is also expected to fuel the global cheese powder market growth positively. Increasing consumption of baked savory products and sweet and savory snacks among consumers is further propelling the market growth of cheese powder.
Cheese powder is dehydrated cheese. It can be manufactured in several ways. In the commercial production of cheese powder, cheese is melted, and then it goes through a spray dryer, producing a thick powder. Cheese powder is available in both organic and conventional form in the market. The application of cheese powder is diverse in the food industry. Cheese powder is used in baked products, sauces, dressings, and sweet & savory snacks making.
The Global Cheese Powder Market is projected to grow at a significant rate of 5.8% from 2019 to 2024 to reach a market value of USD 625 million by the end of 2024. Increasing demand for ready-to-eat (RTE) and ready-to-cook (RTC) food products among consumers is expected to boost the market growth of cheese powder globally. Furthermore, increased shelf-life, easy-storage, and convenience in handling of cheese powder will ensure robust growth of the market over the forecast period.
The global cheese powder market has been segmented based on category, product type, application, and region.
The global cheese powder market has been classified, based on category, as organic and conventional.
The global cheese powder market has been segregated, based on product type, into cheddar, mozzarella, parmesan, swiss, blue, gouda, and others.
The global cheese powder market has been divided, based on application, into bakery & confectionary, sweet & savory snacks, sauces, dressings & spreads, RTC & RTE meals, and others.
The global cheese powder market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American cheese powder market has further been bifurcated into the US, Canada, and Mexico.
The European cheese powder market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The cheese powder market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The cheese powder market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Cheese Powder Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
The market in North America is expected to dominate the global cheese powder market during the forecast period. Growing preferences of consumers towards RTE and RTC meal is expected to boost the regional cheese powder market. Presence of established cheese processors offering varieties of cheese powder and changing dietary habits of consumers are some of the major factors driving the growth of the cheese powder market in the region. Growth of online and offline retail sector is also influencing in the hike of regional cheese powder market.
The Asia-Pacific market is expected to generate the highest CAGR in the global cheese powder market in the near future as the market possesses a large consumer base in this region. Increasing population and growing spending power of consumers are surging the global cheese powder market growth positively. Increasing urbanization in developing countries such as India and China in this region is estimated to fuel the global cheese powder market during the forecast period.