The Asia Pacific Cheese Powder Market was worth USD 109.52 million in 2021 and estimated to be growing at a CAGR of 6.90%, to reach USD 152.89 million by 2026. The market is showcasing enormous potential in the forecasting period.
Cheese powder which is used in cheese recipes is ordinarily for flavour value. Sometimes a cheese, especially one eaten fresh, will taste either bland or pungent, particularly in the case of a goat milk cheese, and the addition of cheese powder can really change the flavour. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The ingredient list should be checked before purchasing cheese powder to avoid chemicals and additives.
Cheese powder is basically dehydrated cheese. Although cheese powder can be made in a number of ways, but the most common viable technique is to melt fresh, whole cheese and spray it through a hot dryer, producing a thick, velvety powder that can then be added to breads and sauces, popcorns and, to our surprise can also be added to homemade cheese recipes.
The market is driven by the large scale production of raw materials in the Asian countries which has led to a large scale production of cheese powder at a competitive cost. Japan is anticipated to hold the largest market share in the region. In the recent times, India, China, Australia and South Korea are witnessing high demand of cheese powder, mainly due to their use in Bakeries and confectioneries, rising number of fast food chains, and lifestyle changes. This is fuelling the growth of the cheese powder market in this region. The major factor hindering the growth of the cheese powder market is the high risk of increasing cholesterol levels in consumers and increasing health concerns related to obesity and heart problems. These issues restrains the growth of the market.
The Asia Pacific market for cheese powder is broadly segmented into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). On the basis of Application, the market is further categorized into Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals. Cheddar cheese powder accounted for the highest revenue of the overall industry and Parmesan cheese powder is projected to witness huge growth rate during the forecast period.
Geographically the Asia Pacific Cheese Powder Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia. The cheese powder market was dominated by Japan, with the overall market share of over 25%. Japan was followed by India and China. India is predicted to grow at a rapid pace in the coming few years.
Key Players in the Market:
Major Key Players in the APAC Cheese Powder Market are
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