Cheese Powder Market 2021-2027: Industry Analysis, Size, Share, Trends, Growth and Forecast
Cheese powder is dehydrated cheese which can be manufactured in several ways. Cheese powder is produced by melting cheese and pushing it through a spray dryer to create cheese powder. It is available in organic and conventional forms. It is used in sauces, dressings, and sweet & savory snacks. The global cheese powder market report by Market Research Future (MRFR) contains trends, drivers, challenges, and drawbacks to be faced by leaders in the period between 2019 and 2024 (forecast period).
Market Scope
The global cheese powder market is poised to
touch a value of USD 625 million by 2024. It can display a CAGR of 5.8% during
the forecast period. High demand for instant foods is likely to drive the
market demand exponentially. Massive demand for ready-to-cook (RTC) and
ready-to-eat (RTE) foods due to easy storage, convenience, and increased shelf
life can bode well for the market.
Factors such as the growth of the fast foods and convenience
foods sector, improved living standards, rise in disposable income levels, and
rise in consumer spending can drive the global cheese powder market. The use of
cheese powder in restaurants and food processing industries can influence
demand massively. Savory and sweet snacks being consumed rapidly can further
the market growth.
The focus on personalized flavors and inclusion of new
ingredients can augur favorably for the market. The recent drop in cheese
prices and the demand by the population at large are factors to be considered
while developing cheese powder. Manufacturers have turned their attention to
consumer health by offering low calorie and high nutrition foods. The shift
towards veganism by a share of the global populace as well as animal rights
organizations can drive the market value. Cheddar cheese has gained traction
due to its long shelf life and distinct aroma. Demand for specialty flavors can
bode well for the market.
Competitive Outlook
Vita organic, Cargill Inc., Kerry Group Plc., Di Bruno
Bros., The Lactosan Group, Aarkay Food Products Ltd., DairiConcepts, L.P., E.
I. du Pont de Nemours and Company, Land O Lakes Inc., Arla Foods amba, Frontier
Co-op, DSM Nutritional Products AG, Kraft Foods Group, Inc., Archer-Daniels-Midland
Company, and All American Foods Inc. are prominent players of the global cheese
powder market.
Segmentation
The global cheese powder market is segmented by category,
product type, and application.
By category, it is segmented into organic and conventional.
By product type, it is segmented into gouda, blue, Swiss,
mozzarella, cheddar, parmesan, and others.
By application, it is segmented into sweet & savory
snacks, bakery & confectionery, dressings & spreads, RTC & RTE
meals, sauces, and others.
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World
(RoW) are regions the center of interest in the global cheese powder market.
North America can dominate the global cheese powder market
due to preferences of RTE and RTC meals. Presence of cheese processing
stalwarts in the region combined with various types of cheese powder and
changing dietary habits of consumers can drive the market growth. The growth of
online and offline channels can have an indelible impact on the market growth.
APAC can exhibit a stupendous CAGR during the forecast
period owing to the large consumer base. Consumer preference for dairy
products, the large population, and the rise in disposable income levels can
drive the regional cheese powder market growth. The urbanization across China
and India can influence the market demand positively during the forecast
period.
Industry News
The Macaroni & Cheese Topping by Kraft can be used in
dual applications of sauce and sprinkle.
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