Market Size –
The cheese powder market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to convenience and shelf stability, snack foods and seasonings, processed and convenience foods, global fast food chains: eseburgers, bakery and baked goods.
The cheese powder market size is expected to see strong growth in the next few years. It will grow to $2.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to plant-based and clean label alternatives, snack and convenience foods, global market expansion, premium and gourmet varieties, online sales and delivery. Major trends in the forecast period include plant-based cheese powders, gourmet and artisanal flavors, snack and convenience foods, dietary and nutritional enhancements, diversification of cheese types.
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Scope Of Cheese Powder Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cheese Powder Market Overview
Market Drivers –
The rising consumption of convenience foods is expected to propel the growth of the cheese powder market going forward. Convenience food refers to food that can be heated and prepared quickly and easily, such as frozen, dried, or canned foods. People are opting for convenience food as they are easy-to-cook and easy-to-eat foods and are tastier. For instance, according to an article published in The Economic Times, an India-based newspaper in 2021, sales of consumer snack packs and ready-to-eat food increased from 10% to 30% in August 2021 compared to 2019. Therefore, a rise in the consumption of convenience food is driving the cheese powder market growth.
The cheese powder market covered in this report is segmented –
1) By Product Type: Cheddar, Parmesan, Mozzarella, Other Product Types
2) By Application: Bakery And Confectionery, Sweet And Savory Snacks, Sauces, Dressings, Dips And Condiments, Ready Meals, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Other Distribution Channels
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Regional Insights –
North America was the largest region in the cheese powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cheese powder market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the cheese powder market include Kerry Group plc, DairiConcepts L.P., Land O’ Lakes Inc., Kanegrade Ltd., Kraft Heinz Company, Lactosan A/S, Archer Daniels Midland Company, Commercial Creamery Company, Aarkay Food Products Ltd., All American Foods Inc., Bluegrass Dairy & Food Inc., California Dairies Inc., C.P. Ingredients Ltd., Dairy Farmers of America Inc., DairiConcepts L.P., Dairygold Co-Operative Society Limited, Glanbia plc, Grande Custom Ingredients Group, Hoogwegt Group, Idaho Milk Products Inc., Ingredia Inc., International Dehydrated Foods Inc., Lactalis Ingredients SA, Leprino Foods Company, MCT Dairies Inc., Milk Specialties Global Co., Proliant Dairy Ingredients Inc., Saputo Inc., Sodiaal Group, Vika BV, Westland Co-Operative Dairy Company Ltd., WILD Flavors Inc., Winona Foods Inc., Wisconsin Cheese Group LLC
Table of Contents
1. Executive Summary
2. Cheese Powder Market Report Structure
3. Cheese Powder Market Trends And Strategies
4. Cheese Powder Market – Macro Economic Scenario
5. Cheese Powder Market Size And Growth
…..
27. Cheese Powder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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