Cheese Powder Market Size, Scope 2022-2028
The global cheese powder market size was valued at USD 610 million in 2021 and is poised to grow at a significant CAGR of 14.3% during the forecast period 2022-28. Cheese is a dairy product derived from the milk which forms by the coagulation of milk protein known as casein. Cheese is a highly nutritious and rich in vitamins and minerals and produced in different textures, flavors, and shapes. Cheese powder is prepared by dehydrating hard cheese. Cheese powder is commonly used in the food and beverages for improving the flavor of the products. Cheese powder is cheese that has been dehydrated. It can be made in a variety of ways. Cheese is melted and then dried in a sprig drier to produce a thick powder in the industrial production of cheese powder. In the market, cheese powder is available in both organic and conventional forms. Cheese powder has a wide range of uses in the culinary sector. Baked goods, sauces, dressings, and sweet and savoury snacks all employ cheese powder.The global market for cheese powder is expected to develop due to rising consumer demand for ready-to-eat (RTE) and ready-to-cook (RTC) food products. Furthermore, the market’s robust rise will be fueled by extended shelf-life, convenient storage, and simplicity of handling cheese powder over the projection period.
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Cheese powder market is growing at a significant CAGR owing to better shelf life, convenient in storage and handling compared to hard cheese. Moreover, rise in demand for cheese powder due to reduced fat content, increase in the cheese usage by the food and beverage industries as a flavoring agents, production of low fat content cheese powder by the market players, and change in food habits in developed countries are anticipated to upsurge the revenue of global cheese powder market. However, high cost of cheese powder compared to hard cheese, loss of volatile flavors such as dimethyl and diacetyl sulfide present in the cheese, and rise in awareness about the health effects such as heart problems and obesity with high usage of cheese among the people may restrain the growth of cheese powder market.
The global cheese powder market segmentation:
- By Cheese Type: Cheddar Cheese, American Cheese, Parmesan Cheese, Gouda Cheese, Mozzarella Cheese, Blue Cheese, and Others
- By Application: Ready Meals, Sweet and Savory Snacks, Confectionary and Bakery, Condiments, Dips, and Sauces, Others
- By Distribution Channel: Super Markets & Hyper Markets, Online Stores, Departmental Stores
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Geographically, global cheese powder market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Increase in the usage of dairy products in U.S. and Canada, adoption of advanced technologies for the cheese powder production with reduced fat content, and increase in the cheese powder export to the Europe countries are anticipated to fuel the North America cheese powder market. Europe cheese powder market has lucrative growth, which is attributed to increase in preference of ready to eat meals, rapid urbanization, high adoption bakery food and confectionaries. Moreover, Asia Pacific cheese powder market is growth market for cheese products, which is attributed to increase in the production of milk derivatives, change in the dietary preference in China and Japan, favorable demographics in Asia Pacific region, and rise in disposable income are expected to boost market growth over the forecast years.
Some of the major players working in cheese powder market, which include Kerry Group Plc (Ireland), Land O’Lakes, Inc. (U.S.), Lactosan A/S (Denmark)Bayer AG (Germany), Bluegrass Dairy & Food Inc. (U.K), Kraft Foods Group, Inc. (U.S.), Thornico A/S (Denmark), Dairy Farmers of America Inc. (U.S.), Aarkay Food Products Ltd. (India), Kraft Heinz Co. (U.S.), Kanegrade Ltd. (U.K)
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