North America Cheese Powder Market was worth USD 149.34 million in 2021 and is estimated to be growing at a CAGR of 6.60%, to reach USD 205.57 million by 2026. The market is showcasing evident potential in the mentioned forecasting period. Cheese is believed to be one of the most complex dairy products, as it goes through several chemical, biochemical, and microbiological processes. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The longer shelf life of cheese powder drives the market in the North America region.
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 rapid growth in the consumption of dairy products, Cheese being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of cheese powder, mainly due to the increased disposable income, changes in the lifestyle and eating patterns. This is fuelling the growth of the cheese powder market in this region. North America is the largest producer and exporter of cheese. The major factor restraining the growth of the cheese powder market is the high cost of production and stringent regulations. One such example is the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth. Other factor restraining the growth of the region is the health concerns associated with cheese powder i.e. obesity, heart problems and higher cholesterol levels.
The North America market for Cheese Powder is broadly categorized into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). Based on Application, the market is further segmented into Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals. Cheddar Cheese Powder accounted for the highest revenue of the overall market and Parmesan Cheese Powder is anticipated to witness high growth rate during the forecast period.
Geographically the North America Cheese Powder Market is segmented into US, Canada, Mexico and Rest of North America. The cheese powder market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
Key Players in the Market:
Major Key Players in the North America 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 United States
6.3 Canada
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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Apr 2021
