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Global Cheese Powder Market Size To Reach USD 950 million By 2028

30-Mar-2022 | Facts and Factors

In terms of revenue, the global cheese powder market is expected to exceed USD 950 million by the end of 2028, growing at a CAGR of 6.8% from 2022 to 2028.

Cheese powder is basically cheese that has been dehydrated. Cheese powders are created by resolving genuine cheese in water (with or without emulsifying salts) and spray drying the emulsion. Its color is usually yellow or white. Cheese powders can be made in a number of flavors, such as gouda, cheddar, cream cheese, and so on, depending on consumer preferences. Sauces, pasta fillings, pizzas, dressings, and other baked goods, pastries, and side dishes can all benefit from it. Soups, seasonings, spices, and mixes can all benefit from it as well. Due to a number of advantages, including the lack of a need for cold storage, a consistent flavor, a longer shelf life, and improved taste and texture, cheese powder is becoming more popular. 

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The growing tendency for quick foods among individuals and the increased demand for ready-to-eat food products are the primary drivers driving growth in the global cheese powder market. Furthermore, the growing inclination for easy food among individuals as a result of rapid urbanization and globalization is driving expansion in the global market. Furthermore, raw ingredients for the manufacturing of cheese powder are readily available in Asian countries, resulting in cheaper production costs and fueling the market's expansion. However, if consumed in high quantities, cheese powder might have a severe impact on people's health, which could limit the market's growth in the near future. Furthermore, excessive use of cheese powder causes a variety of health problems such as obesity, cardiac illnesses, and high cholesterol, limiting the global market's growth. Furthermore, increased health awareness among the general public may stymie the target market's expansion.

Browse the full “Cheese Powder Market By Product (Mozzarella, Cheddar, Blue Cheese, Parmesan, Blends, Gouda Cheese, Swiss Cheese, Romano Cheese, Asiago Cheese, Feta Cheese, and Others), By Application (Savory Snacks, Flavor Industry, Biscuits & Other Baked Products, Dips/Dressings/Dry Mix/Sauces, Ready-To-Eat, Imitation & Processed Cheese, Confectionery, Cream, and Pet & Baby Food), and By Region-Global and Regional Market Dynamics, Data Analytics, Consumer Demand, Statistical Surveys, Extensive Research, Historical Trends, Current Patterns, and Forecast 2022–2028” report at https://www.fnfresearch.com/cheese-powder-market

The global cheese powder market is segregated on the basis of product, application, and region. By product, the market is divided into mozzarella, cheddar, blue cheese, parmesan, blends, Gouda cheese, Swiss cheese, Romano cheese, Asiago cheese, feta cheese, and others. In terms of value, Parmesan cheese powder is predicted to be the fastest-growing variety. Users frequently desire distinct & original flavors and natural ingredients, and they spend money on high-quality soups, sauces, soups, and dressings to improve texture, taste, and presentation. By application, the market is segmented into savory snacks, flavor industry, biscuits & other baked products, dips/dressings/dry mix/sauces, ready-to-eat, imitation & processed cheese, confectionery, cream, and pet & baby food. During the forecast period, the dips/dressings/dry mixes, and sauces segment is expected to hold the biggest market share. Sauces made from cheese powder are typically served with pasta, pizza, vegetables, and soups. Dips and sauces are typically served alongside fried foods, wings, and veggies.

The North American region is expected to account for a large share in the global cheese powder market throughout the forecast period, owing to consumers' high demand for convenient food products and ready-to-eat meals as a result of their hectic work schedules. Furthermore, growing dairy product intake, evolving generations, a busy lifestyle, and easily accessible novel food & dairy technology have all contributed to the growth of the European cheese powder industry. Furthermore, rising consumers' per capita income, higher dairy product consumption, and evolving dietary preferences will drive economic growth in the Asia Pacific region. Also, the number of food stalls and businesses built in countries such as India, China, and Japan has increased.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 580 Million

Projected Market Size in 2028

USD 950 Million

CAGR Growth Rate

6.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Karl Heinz Group, Aarkay Food Products Inc., Land O Lakes Inc., Archer Daniels Midland, Kerry Group PLC, Commercial Creamery Company, Lactosan A/S, Dairiconcepts LP, All American Foods, and Kanegrade Ltd., among others

Key Segment

By Product, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the main competitors dominating the global cheese powder market are Karl Heinz Group, Aarkay Food Products Inc., Land O Lakes Inc., Archer Daniels Midland, Kerry Group PLC, Commercial Creamery Company, Lactosan A/S, Dairiconcepts LP, All American Foods, and Kanegrade Ltd.

Recent Developments

  • July 2020: To reduce the rural broadband divide, Land O'Lakes Inc. and Microsoft Corp. unveiled a multi-year strategic agreement to pioneer agricultural innovations, improve the supply chain, and increase sustainable practices for farmers and the food system.
  • June 2021: Kerry Group plc, the global nutrition company, announced the signing of the agreement to obtain Hare Topco, Inc., doing business as Niacet Corp., from an associate of funds recommended by LP, SK Capital Partners, and other shareholders for USD 950 million in cash and debt-free terms, subject to conventional closing adjustments.

The global cheese powder market is segmented as follows:

By Product

  • Mozzarella
  • Cheddar
  • Blue Cheese
  • Parmesan
  • Blends
  • Gouda Cheese
  • Swiss Cheese
  • Romano Cheese
  • Asiago Cheese
  • Feta Cheese
  • Others

By Application

  • Savory Snacks
  • Flavor Industry
  • Biscuits & Other Baked Products
  • Dips/Dressings/Dry Mix/Sauces
  • Ready-To-Eat
  • Imitation and Processed Cheese
  • Confectionery
  • Cream
  • Pet Food
  • Baby Food

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Southeast Asia
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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