Cheese Powder Market Expected To Grow At CAGR Of 6.48% From 2022 To 2030
Cheese Powder Industry Overview
The global cheese powder market size was worth USD 4.04 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.48% from 2022 to 2030.
Cheese powder is a more convenient and affordable option with a longer shelf life for flavoring products. The global industry is expanding as a result of rising snack and convenient food consumption coupled with rising disposable income. The COVID-19 pandemic compelled consumers to stock up on essential food products and snacking options with a longer shelf life such as soups, baking flours, snack bars , and others. The pandemic shifted consumer preference towards convenient eating which presented new private players an opportunity to enter the market to cater to higher demand. These factors positively impacted the global cheese powder market during the pandemic. However, the supply chain disruption caused due to lockdowns in several countries affected the overall production of cheese powder which is predicted to reach pre-covid levels rapidly as restrictions and lockdowns ease.
Gather more insights about the market drivers, restrains and growth of the Cheese Powder Market
Cheese powder gives a flavor similar to fresh cheese. This powder is used in a wide range of food products such as sauces, soups, pizzas, seafood, salads, meat, and canned food, as well as seasoned salt and spices. Cheese powder has numerous health benefits, which include blood pressure regulation, improved bone health, muscle and nerve function, and immunity among others. These factors are expected to propel product demand in the coming years.
Another factor expected to boost market growth is consumer awareness of the nutritional value of the product, such as high vitamin and protein content and low calories. Furthermore, manufacturers focus on improving product quality and flavor by offering personalized flavors in the cheddar cheese powder segment, such as sweet, buttery, or savory flours. Additionally, companies also provide durable and attractive packaging, in an attempt to expand the scope and growth of their business.
The presence of a large number of lactose-intolerant people may impede the growth of the global market for cheese powder. Furthermore, the growing vegan population as a result of shifting individual concerns regarding environmental factors and animal welfare is also expected to hamper the market growth. However, the development of organic cheese powder with regional preferences has the potential to substantially boost sales for the local market.
Cheese powders are marketed as low-sodium or low-fat products, with cheese being the main low-salt and low-fat ingredient. However, as consumers are becoming more aware of the adverse effects of consuming cheese such as high cholesterol, heart issues, and obesity, it may restrain the growth of the industry during the forecast period. Finally, the market for cheese foam powder is regarded as a luxurious food ingredient and the factors contributing to increased product demand include urban lifestyles, rising disposable income, and, to some extent, trending street food products.
Browse through Grand View Research's Processed & Frozen Foods Industry Research Reports.
- The global snacks market size was estimated at USD 692.52 billion in 2023 and is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- The global soup market was valued at USD 19.05 billion in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030.
Cheese Powder Market Segmentation
Grand View Research has segmented the global cheese powder market based on product, application, and region:
Cheese Powder Product Outlook (Revenue, USD Million, 2017 - 2030)
- Cheddar
- Parmesan
- Blue Cheese
- Romano
- Swiss
- Others
Cheese Powder Application Outlook (Revenue, USD Million, 2017 - 2030)
- Snacks
- Bakery & Confectionery
- Dips/Dressings/Dry Mix/Sauces
- Flavors
- Ready to Eat
- Others
Cheese Powder Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- UAE
- South Africa
Key Companies profiled:
- Land O'Lakes, Inc.
- Kerry Group PLC
- Kraft Heinz Company
- Lactosan A/S
- Archer Daniels Midland
- Commercial Creamery Company
- Kanegrade Limited
- Aarkay Food Products Ltd.
- All American Foods
- Dairiconcepts, L.P
Key Cheese Powder Company Insights
The global cheese products market is highly competitive owing to a large number of industry players. The market provides various opportunities for new entrants due to changing consumer preferences and the easy availability of raw materials. Companies are involved in product retailing through e-commerce, supermarkets, and hypermarkets. Furthermore, major players engage in competitive strategies such as new product launches, joint ventures, strengthening of online presence, and capacity expansions among others.
For instance, in August 2022, Kraft Heinz made an agreement to sell its cheese powder manufacturing business to Kerry Group for USD 107.5 million. The deal also includes Kraft Heinz's powdered cheese production facility in Albany, Minnesota. Kraft Heinz was planning to work to tailor its portfolio and focus on core businesses, whereas Kerry Group has been looking to expand its ingredient offerings.
Order a free sample PDF of the Cheese Powder Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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