Market Outlook
Cheese powder market is projected to register a CAGR of 6.8% and reach USD 629 million by 2027. Cheese powder is dehydrated cheese. It can be manufactured in several ways. In the commercial production of cheese powder, cheese is melted, and then it goes through a spray dryer, producing a thick powder. Cheese powder is available in both organic and conventional form in the market.
The application of cheese powder market insight’s is diverse in the food industry. Cheese powder is used in baked products, sauces, dressings, and sweet & savory snacks making.
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.
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 outlook 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.
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.
Industry News
The Macaroni & Cheese Topping by Kraft can be used in dual applications of sauce and sprinkle.
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