Global Cheese Powder Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights in its upcoming report titled “Global Cheese Powder Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global cheese powder market is expected to register a CAGR of X.X% in terms of value during forecast period, 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global cheese powder market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report provides insightful and detailed information regarding the various key players operating in the global cheese powder market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cheese powder market report has been segmented on the basis of type, application, and region.
Cheese powder is basically dehydrated cheese. Cheese powders are made by resolubilising natural cheese in water (with or without the aid of emulsifying salts), and then spray drying the resulting emulsion. It is usually white or yellow colour. Cheese powders can be available in a variety of flavours, as per customer requirements, such as cheddar, gouda, cream cheese, etc. It can be used in pasta fillings, sauces, pizzas, dressings and in other baked goods, bakery, side dishes. It can also be blended in soups, seasoning, spice and mixes. The demand for cheese powder is increasing due to numerous advantages such as: no requirement for cold storage, stable flavour, longer shell life, and better taste and texture.
Primary factors driving growth of the global cheese powder market is growing trend for fast foods among the individuals and rising demand for ready to eat food products. Furthermore, the rising preference for convenient food among the individuals due to fast growing urbanization and globalization is another factor driving growth of the global cheese powder market. In addition, row materials for production of cheese powder are easily available in Asian countries which results in lower production costs, fuelling growth of the global cheese powder market.
However, cheese powder can negatively affect health of the individuals if it is consumed in larger amounts, which may hamper growth of the global cheese powder market in the near future. Additionally, high consumption of cheese powder leads to various kind of health issues such as obesity, cardiac disorders, and high cholesterol restraining growth of the global cheese powder market. Moreover, rising health awareness among the individuals may hamper the target market growth.
In addition, the ongoing trend for packed and processed food can create potential opportunities for market players in the global cheese powder market.
Currently, the market in North America dominates the global cheese powder market in terms of revenue, owing to rising demand for the convenience food which are easy-to-cook and ready-to-eat in this region during forecast period. The market in Europe accounted for second-highest revenue share in the global cheese powder market, due to increasing preference for convenience food items among consumers in this region, followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to rising disposable income of consumer, enabling them to afford expensive food products are fuelling growth of the cheese powder market over the forecast period.
Global cheese powder market segmentation by type:
Global cheese powder market segmentation by application:
- Sauces and Dips
- Sweet and Savory Snacks
- Bakery and Confectionery
Global cheese powder market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- THORNICO A/S
- Land O'Lakes, Inc.
- Kerry Group
- Aarkay Food Products Ltd.
- Kanegrade Ltd.
- Archer Daniels Midland Company
- All American Foods, Inc.
- Bluegrass Dairy & Food, Inc.
- DairiConcepts L.P.
- The Kraft Heinz Company
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