The Global Cheese Powder Market Size was worth US$ 406.6 million in 2021, and it is estimated to reach a valuation of US$ 604.1 million by the end of 2027, expanding at an annual compound rate of 6.8% between 2022 and 2027. As cheese adoption increased among consumers, demand for cheese powder increased.
Powdered cheese is easy to handle and can be stored for a long time so that it can replace the solid form of cheese. This product can be sold in a low-fat way, using salt as a low-fat ingredient and cheese. It also contains whey, anti-caulking additives, cheese and salt and can be manufactured in various ways. In commercial powdered cheese production, the cheese is melted and then passed through a spray dryer to produce a thick powder. Cheese powders are available in organic and traditional forms on the market. The application of cheese powder varies in the food industry. Powdered cheese is used in the manufacture of baked goods, sauces, dressings, and sweet and tasty snacks.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
6.8% |
|
Segments Covered |
By Type, Application and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Land O’Lakes, Inc, Kraft Foods Group, Inc, Kanegrade Limited, Archer Daniels Midland Company, Lactosan A/S, Kerry Group Plc, DairiConcepts, LP and Others. |
As consumer demand for ready-to-eat food (RTE) and ready-to-cook (RTC) increases, the growth of the cheese powder market is anticipated to accelerate worldwide.
Cheese powder has found a variety of applications in food and beverages along with changing consumer tastes, leading to an increase in demand for convenience food products. In addition to this, the long shelf life of the products has made it the first choice for packaged foods. Furthermore, the ability of cheese powder to impart good taste and flavor to foods has forced consumers to lean towards the product. Large customers will emphasize the nutritional value of products, such as high protein and vitamin content, and low calories will provide a favorable growth outlook for the market. This will negate the impact of market disruption. Once again, manufacturers are impacting the growth and scope of their business by offering better product quality and flavor along with attractive and durable packaging. Global cheese trade and demand in developed markets remained stable. However, according to information from the US Dairy Export Commission. In the US, demand and prices for cheese in developing countries remain weak.
In recent years, a drop in prices, along with a rise in population, a boom in the foodservice industry and an increase in disposable income, are expected to stimulate demand for products in developing countries. Powdered cheesemakers are focusing on providing custom flavors from cheddar cheese powder segments to sweets and butter to delicious flours. Additionally, manufacturers are seeking innovative ingredients to develop new flavor profiles and products. Increased consumer interest in the nutritional value provided by-products such as low calorie, high protein and vitamin is expected to have a positive impact on the market. Initiatives taken by manufacturers to offer new flavors, better quality and attractive packaging will adapt well to the market during the forecast period. These products can be enhanced with Vitamin D, Calcium, and DHA to improve nutritional value.
The cheese powder companies are leading the cheese market by focusing on expansion, new releases, and acquisitions. The driving force behind this market is increased disposable income, busy lifestyles, new launches, and a growing workforce. Most of the major players in this market are based in the United States. The cheese powder market is fueled by new and innovative product offerings from cheese powder manufacturers to adapt to consumers' changing eating habits and eating patterns.
Increased awareness of the side effects of eating cheese powder for human health, such as high blood pressure, heart failure, obesity, and high cholesterol levels, affects the popularity of the product. Even fluctuations in dairy prices affect market progress. Additionally, due to factors such as animal rights and environmental protection, the transition of the consumer base to a vegan diet is poised to hamper market growth during the outlook period.
Even by region, the global cheese powder market can be divided into five central areas of Europe, Asia Pacific, Latin America, North America, the Middle East, and Africa. North America cheese powder market is estimated to occupy a significant share of the overall revenue share during the evaluation period due to the massive popularity of prepared foods and ready-to-eat meals among consumers as a result of busy work hours. Furthermore, the growth of the cheese powder market in Europe has accelerated as dairy intake has increased significantly with demographic changes, active lifestyles and easy access to new food and dairy technologies.
In addition, increased per capita income for consumers will drive growth in the Asia Pacific cheese powder market, along with increased dairy consumption and changes in food preferences. Furthermore, increasing the number of stalls and points of sale installed in countries such as China, Korea, India and Japan will help local markets to grow. Obviously, with the increased consumption of nutritious snacks, customers' eating habits increase and the abundant availability of products will drive the growth graph of the Latin American cheese powder market.
Key Players in the Market:
Major Key Players in the Global Cheese Powder Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Cheddar
5.1.3 Mozzarella
5.1.4 Parmesan
5.1.5 American
5.1.6 Blue
5.1.7 Y-o-Y Growth Analysis, By Type
5.1.8 Market Attractiveness Analysis, By Type
5.1.9 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Bakery & Confectionery
5.2.3 Sweet & Savoury Snacks
5.2.4 Sauces
5.2.5 Dressings
5.2.6 Dips & Condiments
5.2.7 Ready Meals
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.3 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.3 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.3 By Type
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Land O’Lakes, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Kraft Foods Group, Inc.
8.3 Kanegrade Limited
8.4 Archer Daniels Midland Company
8.5 Lactosan A/S
8.6 Kerry Group Plc
8.7 DairiConcepts, LP
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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