Overview and Scope
The cheese powder are used as a flavor enhancer and filler in a variety of products, including soups, sauces, dressings, and ready-to-eat meals. Cheese powder refers to the dehydrated form of natural cheese made from cheese, water, and melting salt, which is melted, pasteurized, and spray-dried.
Sizing and Forecast
The cheese powder market size has grown strongly in recent years. It will grow from <b>$1.45 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. </b> 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 <b>$2.2 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. </b> 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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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in the cheese powder market in 2023. <b>Asia-Pacific</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the cheese powder market include <b> 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 </b>
The cheese powder market report table of contents includes:
1. Executive Summary
2. Cheese Powder Market Characteristics
3. Cheese Powder Market Trends And Strategies
4. Cheese Powder Market – Macro Economic Scenario
5. Global Cheese Powder Market Size and Growth
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31. Global Cheese Powder Market Competitive Benchmarking
32. Global Cheese Powder Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cheese Powder Market
34. Cheese Powder Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
Kerry Group PLC
DairiConcepts L.P.
Land O’ Lakes Inc
Kanegrade Ltd.,
Kraft Heinz Company
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