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Global Cheese Powder Market Size, Trends & Analysis - Forecasts to 2026 By Product (Parmesan, Cheddar, Blue Cheese, Swiss, Romano, Others), By Application (Bakery & Confectionery, Snacks, Dips/Dressings/Dry Mix/Sauces, Ready to Eat, Flavors, Others), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
The global cheese powder market is projected to grow from USD 1.4 billion in 2021 and is expected to reach USD 2.1 billion by 2026 at a CAGR of 7.2% from 2021 to 2026.
Some of the bigger advantages powdered cheese has over conventional cheese are its storage, handling, and longer shelf life that allows for ease of transportation, storage, and handling. Powdered cheese is mostly used as a flavoring agent in various food recipes, promoting the demand for cheese powder and driving the global cheese powder market. The suppliers add whey, salt, milk fat, and even non-dairy components for the cheese powder, reducing or enhancing the minerals, fats, and proteins as per consumer requirement. Thus, it is positively influencing the demand for powdered cheese and propelling the growth of the global cheese powder market.
The growing demand for convenience foods and processed food items is expected to further enhance the growth of the cheese powder market during the forecast period. The main industrial users of cheese powder include soups, snacks, frozen products, sauces, and ready-to-eat meal producers. Snacks are the dominant application for cheese powder due to their longer shelf life and easy handling. The use of cheese powder in dry snacks and increasing application to create new products has been generously adding to the growth of the market.
A drift has been recognized from staple food to packaged & processed food products in developing countries such as India, and China. Moreover, the retail channels' growth, such as hypermarkets and supermarkets in urban areas of these countries, is presumed to increase packaged & processed food availability. With the soaring demand for packaged foods such as bakery & confectionery products, snacks, and ready-to-eat meals, the need for cheese powder is expected to grow in the forecast period.
Busy lifestyles, altering demographics, and expanding access to technology are expected to enlarge the market in the regions. Cheese powders have become an indispensable ingredient in both the industrial and domestic sectors due to their high nutritional content and smell.
By product, the market is segmented into parmesan, cheddar, blue cheese, swiss, romano, and others.
The parmesan segment is expected to be the fastest-growing product based on value. Consumers are more frequently demanding authentic and fresh flavors, natural ingredients and favor spending on high-quality sauces, soups, and dressings for better texture, taste, and appearance. Growing demand for authentic taste and premium texture has increased the demand for parmesan cheese powders.
Cheddar cheese is ripened and hard cheese with a long shelf life. It has achieved popularity due to its distinct flavor, taste, and aroma. Cheddar cheese has been used extensively in various food products in the North American and European markets. The surging demand for premium and specialty flavors is expected to escalate the growth of this segment resulting in the segment becoming the fastest-growing segment during the forecast period.
By application, the market is segmented into bakery & confectionery, snacks, dips/dressings/dry mix/sauces, ready to eat, flavors, and others.
The sauces, dips, dressings, and condiments segment is predicted to hold the largest market share over the forecast period. Sauces produced by utilizing cheese powder are extensively consumed with pasta, pizza, vegetables, and casseroles. Condiments and dips made from cheese powder are usually consumed with wings, vegetables, and fried snacks, among many others. With the expanding consumption of fast food in the Asia Pacific region, the demand for cheese powder in sauces, wings, dressings, dips, and condiments is expected to grow at the fastest rate in this region over the forecast period.
The ready-to-eat foods segment is poised to grow at a high rate. People all over the world are gradually bending towards baked goods, which is a huge win for the baking industry. Hence, the product demand in the bakery & confectionery segment, both at industrial and domestic levels, is expected to devise opportunities for businesses during the forecast period.
As per the geographical analysis, the market can be classified into North America, Europe, Central, and South America, the Middle East and Africa, and the Asia Pacific regions. Europe and North America are the largest cheese-consuming regions globally, both in terms of volume and value with North America leading the market. The growing demand for cheese products has seen companies turn to cheese powders to meet the high demand. The high cost of cheese and the storage, transportation, and handling difficulties have increased the demand for cheese powders in processed food manufacturing in the North American region.
The Asia Pacific region is predicted to be the fastest-growing region in the cheese powder market, based on value. It is due to the changing dietary choices of people and the rapidly developing fast-food industry in countries like India, China, and Australia. This led to expand the demand for cheese powder in the region. Moreover, key market players in this market are concentrating on stabilizing their ground in these developing nations.
Kerry Group (Ireland), Land O' Lakes, Inc. (US), ADM (US), Kraft Heinz Company (US), Aarkay Food Products Ltd. (India), Lactosan A/S (Denmark), Commercial Creamery Company (US), All American Foods (US), DairiConcepts, L.P (US), and Kanegrade Limited (UK), among others, are some of the identified industry players.
Please note: This is not an exhaustive list of companies profiled in the report.
Chapter 1 Methodology
1.1 Market Scope & Definitions
1.2 Estimates & Forecast Calculation
1.3 Historical Data Overview and Validation
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Report Outlook
2.1 Cheese Powder Industry Overview, 2020-2026
2.1.1 Industry Overview
2.1.2 Product Overview
2.1.3 Application Overview
2.1.4 Regional Overview
Chapter 3 Cheese Powder Market Trends
3.1 Market Segmentation
3.2 Industry Background, 2020-2026
3.3 Market Key Trends
3.3.1 Positive Trends
3.3.1.1 Growing demand for processed food items
3.3.2 Industry Challenges
3.3.2.1 Ill health effects from excessive consumption of cheese
3.4 Prospective Growth Scenario
3.4.1 Product Growth Scenario
3.4.2 Application Growth Scenario
3.5 COVID-19 Influence over Industry Growth
3.6 Porter’s Analysis
3.7 PESTEL Analysis
3.8 Value Chain & Supply Chain Analysis
3.9 Regulatory Framework
3.9.1 North America
3.9.2 Europe
3.9.3 APAC
3.9.4 LATAM
3.9.5 MEA
3.10 Application Overview
3.11 Market Share Analysis, 2020
3.11.1 Company Positioning Overview, 2020
Chapter 4 Cheese Powder Market, By Product
4.1 Product Outlook
4.2 Cheddar
4.2.1 Market Size, By Region, 2020-2026 (USD Billion)
4.3 Romano
4.3.1 Market Size, By Region, 2020-2026 (USD Billion)
4.4 Parmesan
4.4.1 Market Size, By Region, 2020-2026 (USD Billion)
4.5 Swiss
4.5.1 Market Size, By Region, 2020-2026 (USD Billion)
4.6 Blue Cheese
4.6.1 Market Size, By Region, 2020-2026 (USD Billion)
4.7 Others
4.7.1 Market Size, By Region, 2020-2026 (USD Billion)
Chapter 5 Cheese Powder Market, By Application
5.1 Application Outlook
5.2 Bakery & Confectionery
5.2.1 Market Size, By Region, 2020-2026 (USD Billion)
5.3 Snacks
5.3.1 Market Size, By Region, 2020-2026 (USD Billion)
5.4 Dips/Dressings/Dry Mix/Sauces
5.4.1 Market Size, By Region, 2020-2026 (USD Billion)
5.5 Ready to Eat
5.5.1 Market Size, By Region, 2020-2026 (USD Billion)
5.6 Flavors
5.6.1 Market Size, By Region, 2020-2026 (USD Billion)
5.7 Others
5.7.1 Market Size, By Region, 2020-2026 (USD Billion)
Chapter 6 Cheese Powder Market, By Region
6.1 Regional outlook
6.2 North America
6.2.1 Market Size, By Country 2020-2026 (USD Billion)
6.2.2 Market Size, By Product, 2020-2026 (USD Billion)
6.2.3 Market Size, By Application, 2020-2026 (USD Billion)
6.2.4 U.S.
6.2.4.1 Market Size, By Product, 2020-2026 (USD Billion)
6.2.4.2 Market Size, By Application, 2020-2026 (USD Billion)
6.2.5 Canada
6.2.5.1 Market Size, By Product, 2020-2026 (USD Billion)
6.2.5.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3 Europe
6.3.1 Market Size, By Country 2020-2026 (USD Billion)
6.3.2 Market Size, By Product, 2020-2026 (USD Billion)
6.3.3 Market Size, By Application, 2020-2026 (USD Billion)
6.3.4 Germany
6.3.4.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.4.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3.5 UK
6.3.5.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.5.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3.6 France
6.3.6.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.6.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3.7 Italy
6.3.7.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.7.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3.8 Spain
6.3.8.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.8.2 Market Size, By Application, 2020-2026 (USD Billion)
6.3.9 Russia
6.3.9.1 Market Size, By Product, 2020-2026 (USD Billion)
6.3.9.2 Market Size, By Application, 2020-2026 (USD Billion)
6.4 Asia Pacific
6.4.1 Market Size, By Country 2020-2026 (USD Billion)
6.4.2 Market Size, By Product, 2020-2026 (USD Billion)
6.4.3 Market Size, By Application, 2020-2026 (USD Billion)
6.4.4 China
6.4.4.1 Market Size, By Product, 2020-2026 (USD Billion)
6.4.4.2 Market Size, By Application, 2020-2026 (USD Billion)
6.4.5 India
6.4.5.1 Market Size, By Product, 2020-2026 (USD Billion)
6.4.5.2 Market Size, By Application, 2020-2026 (USD Billion)
6.4.6 Japan
6.4.6.1 Market Size, By Product, 2020-2026 (USD Billion)
6.4.6.2 Market Size, By Application, 2020-2026 (USD Billion)
6.4.7 Australia
6.4.7.1 Market Size, By Product, 2020-2026 (USD Billion)
6.4.7.2 Market size, By Application, 2020-2026 (USD Billion)
6.4.8 South Korea
6.4.8.1 Market Size, By Product, 2020-2026 (USD Billion)
6.4.8.2 Market Size, By Application, 2020-2026 (USD Billion)
6.5 Latin America
6.5.1 Market Size, By Country 2020-2026 (USD Billion)
6.5.2 Market Size, By Product, 2020-2026 (USD Billion)
6.5.3 Market Size, By Application, 2020-2026 (USD Billion)
6.5.4 Brazil
6.5.4.1 Market Size, By Product, 2020-2026 (USD Billion)
6.5.4.2 Market Size, By Application, 2020-2026 (USD Billion)
6.5.5 Mexico
6.5.5.1 Market Size, By Product, 2020-2026 (USD Billion)
6.5.5.2 Market Size, By Application, 2020-2026 (USD Billion)
6.5.6 Argentina
6.5.6.1 Market Size, By Product, 2020-2026 (USD Billion)
6.5.6.2 Market Size, By Application, 2020-2026 (USD Billion)
6.6 MEA
6.6.1 Market Size, By Country 2020-2026 (USD Billion)
6.6.2 Market Size, By Product, 2020-2026 (USD Billion)
6.6.3 Market Size, By Application, 2020-2026 (USD Billion)
6.6.4 Saudi Arabia
6.6.4.1 Market Size, By Product, 2020-2026 (USD Billion)
6.6.4.2 Market Size, By Application, 2020-2026 (USD Billion)
6.6.5 UAE
6.6.5.1 Market Size, By Product, 2020-2026 (USD Billion)
6.6.5.2 Market Size, By Application, 2020-2026 (USD Billion)
6.6.6 South Africa
6.6.6.1 Market Size, By Product, 2020-2026 (USD Billion)
6.6.6.2 Market Size, By Application, 2020-2026 (USD Billion)
Chapter 7 Company Landscape
7.1 Competitive Analysis, 2020
7.2 Aarkay Food Products Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Strategic Positioning
7.2.4 Info Graphic Analysis
7.3 Lactosan A/S
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Strategic Positioning
7.3.4 Info Graphic Analysis
7.4 Kerry Group
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Strategic Positioning
7.4.4 Info Graphic Analysis
7.5 Land O' Lakes, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Strategic Positioning
7.5.4 Info Graphic Analysis
7.6 ADM
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Strategic Positioning
7.6.4 Info Graphic Analysis
7.7 Kraft Heinz Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Strategic Positioning
7.7.4 Info Graphic Analysis
7.8 Commercial Creamery Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Strategic Positioning
7.8.4 Info Graphic Analysis
7.9 All American Foods
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Strategic Positioning
7.9.4 Info Graphic Analysis
7.10 Other Companies
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Strategic Positioning
7.10.4 Info Graphic Analysis
The Global Cheese Powder Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cheese Powder Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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