Europe Cheese Powder Market was worth US$ xx million in 2021, and it is predicted that it will reach US$ xx million by the end of 2026 with an annual expansion rate of xx% between 2021 and 2026.
Powdered cheese acts as an alternative to cheese in solid form because it is easy to handle and can be stored for long periods of time. It can be sold in a low-fat form using little fat with salt, which is a component of cheese. Cheese is very nutritious and rich in minerals and vitamins. Cheese powder is made by dehydrating hard cheese. Cheese powder is commonly used for flavoring purposes in foods and beverages. The high-quality cheese powder contains cheese, buttermilk, salt and anti-caking additives. Due to the lack of a standard stalemate for powdered cheese, the quality of powdered cheese varies between suppliers and the composition and flavor of powdered cheese may vary. Powdered cheese replaces hard cheese due to its ease of handling, shelf life, and storage. Manufacturers are introducing powdered cheese flavor to increase market share.
The growing consumer interest in the nutritional value of the product, such as low calorie, high protein and vitamins, is expected to have a positive impact on the market.
Growing demand for ready-to-eat (RTE) foods among consumers is expected to drive the growth of the European cheese powder market around the world. The market is driven by other factors, such as the rapid growth of the fast food and convenience food industry, increasing consumer spending, rapid urbanization, and improving consumer living standards. In addition, the longer shelf life, easy storage, and convenience to handle powdered cheese ensure strong market growth during the foreseen period. The Europe cheese powder market is likely to grow positively as the use of cheese powder raw material in hotels, restaurants and food processing industries increases. Increasing consumption of savory baked goods and sweet savory snacks among consumers is accelerating the growth of the Europe Cheese Powder market. Additionally, the long shelf life of powdered cheese makes it a preferred option for packaged food producers. With the increasing adoption of cheese among consumers, the demand for powdered cheese has increased. High cholesterol, obesity and heart disease are the main conditions associated with the consumption of processed cheese. Additionally, studies have shown that consuming cheddar cheese can increase the production of galactose from lactose, which can increase your risk of breast cancer. Consumers' preference for prepared foods increases the demand for products. This product finds a wide range of applications in the food and beverage industry.
In addition, manufacturers strive to offer a better quality and taste product along with attractive and durable packaging to expand the growth and reach of their business. Also, consumer awareness of the nutritional value of products such as high protein, vitamin content, and low-calorie content is another factor that is expected to strengthen the Europe Cheese Powder market growth. Furthermore, the growth of retail channels such as supermarkets and hypermarkets in urban areas of these countries is supposed to increase the availability of processed and packaged food products. With the increasing call for packaged foods, ready-to-eat meals such as snacks, bakery products and confectionery, the demand for cheese powder is likely to increase in the coming years.
Growing awareness of the harmful health effects of cheese, namely high cholesterol levels, obesity and heart problems, is expected to hamper the growth of this market during the outlook period. Due to factors such as animal rights and environmental protection, the consumer-based transition to a vegan diet is poised to hamper market growth during the envisioned period. The price of powdered cheese is also higher than that of hard cheese, which may change consumer purchasing standards and stifle the growth of the European market for powdered cheese.
By type, the Europe Cheese Powder market is segmented into Cheddar Cheese, Mozzarella Cheese, American Cheese, Parmesan Cheese, Gouda Cheese, Blue Cheese, etc. Cheddar cheese occupied the largest market share in 2019 due to the increasing use of this cheese in the convenience and fast-food markets. Cheddar cheese is a hard, aged cheese that has a long shelf life and is gaining popularity for its unique taste, flavor and aroma. Cheese makers focus on providing custom flavors in the powdered cheddar segment, from sweet and buttery to savory flours. Additionally, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings.
Depending on the application, the Europe Cheese Powder market is segmented into snacks, ready-to-eat foods, bakery products, sauces and dressings, snacks and spreads, and confectionery. The ready-to-eat food segment is expected to grow at the highest CAGR during the forecast period due to increased urbanization and the busy lifestyle of consumers. Product application is ready to eat and snacks are ready to increase at a high rate in the coming years. People around the world are increasingly favoring bakery products, which is a great victory for the bakery industry. Therefore, domestic and industrial demand for bakery and confectionery products is likely to create opportunities for manufacturers during the conjecture period.
Coronavirus had its immense impact on the worldwide economy in mainly three ways, which includes halt in production and demand, disruption on supply chain and distribution, and financial losses in enterprises. The temporary closure of manufacturing units and end-users like hotels, restaurants, etc., has resulted in the declined sales in the cheese powder market in Europe during the coronavirus period.
Geographically the Europe Cheese Powder Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. It is estimated that the European region will occupy a large part of the total market share during the evaluation period, given the enormous popularity of ready-to-eat meals and prepared foods among consumers due to their busy work schedules. Furthermore, large-scale dairy consumption, coupled with changing demographics, busy lifestyles and easy access to new food and dairy technologies, has driven the growth of the powdered cheese market in the European region.
Key Players in the Market:
Major Key Players in the Europe Cheese Powder Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cheese Powder Market, By Product
6.1.4 Blue Cheese
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Cheese Powder Market, By Application
6.2.1 Bakery & Confectionery
6.2.2 Sweet & Savoury Snacks
6.2.5 Dips & Condiments
6.2.6 Ready-to-eat Meals
6.2.7 Market Size Estimations & Forecasts (2021-2026)
6.2.8 Y-o-Y Growth Rate Analysis
6.2.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 Europe - Market Analysis (2020 - 2025)
7.2.1 By Country
220.127.116.11 Rest of Europe
7.2.2 By Product
7.2.3 By Application
8. Key Player Analysis
8.1 Aarkay Food Products Ltd
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Lactosan A/S
8.3 Land O'lakes, Inc
8.4 Commercial Creamery Company
8.5 Kanegrade Limited
8.6 Archer Daniels Midland Company
8.8 Kerry Group PLC
8.9 Kraft Foods Group Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures