In 2018, the global cheese powder market was valued at USD 1.10 million. According to the U.S., the cheese trade in the world and demand from developed markets remained strong. However, prices and demand from developing markets remain weak. Dairy Export Council. The demand for this product is expected to rise in developing countries due to price drops and rising populations, booming foodservice sectors, and increasing disposable income.
Cheese powder manufacturers are now focusing on creating personalized flavors for the cheddar cheese powder segment. These can be sweet, buttery, or savory flours. Manufacturers are also exploring new ingredients to create new product offerings and flavor profiles.
The market is expected to see a rise in consumer attention to nutritional benefits such as low calories, high protein and vitamins. The market's growth is expected to be impeded by a shift in consumer focus towards veganism, due to environmental protection factors and animal rights.
Manufacturers' efforts to provide new flavors, higher quality, and attractive packaging will be a boon for the market during the forecast period. These products can be enhanced with vitamin D, calcium and DHA to increase their nutritional value.
Cheddar cheese, which is a hard-ripened cheese, has a long shelf life. Its distinctive taste, flavor, aroma and shelf life have made it incredibly popular. It is very popular in North America and Europe. This segment is expected to grow because of the rising demand for premium and specialty flavors.
Cheese manufacturers are now focusing on creating personalized flavors for the cheddar cheese powder segment. These can be sweet, buttery, or savory flours. Manufacturers are also exploring new ingredients to create new product offerings and flavor profiles. DSM - A science-based company in Health, Nutrition and Sustainable living, introduced seven cultures to create a mature and unique taste for this market. Cheese manufacturers expect cheddar cheese with ghost pepper and chili to become an everyday product in the next few years.
As customers are looking for authentic and high quality cheese products, "Swissness†has remained a key selling trend. It is expected that the concept will continue to be strong, as well as sustainability and provenance. Due to rising demand and increased competition for shelf space in grocery and retail stores, companies are now focusing on different strategies. Manufacturers are expected to place greater emphasis on domestically-produced brands during the forecast period.
Snack sales reached USD 374 billion in 2014. They grew at more than 2.0% yo-y through 2018. Due to an increase in disposable income per capita, the sales grew by more than twice as fast in developing countries, which presents a huge opportunity for the industry. Due to the increase in working-class people, snacks as meal replacements is a growing market in developed countries.
SPINS data shows that more than 90% of adults snack daily. This industry presents huge opportunities for product makers. The cheese powder market is expected to grow because of the high sales of key snacks like yogurt, protein bars and hummus, which are cleanly labeled and contain whole food ingredients.
The demand for ready-to-eat snacks and foods is expected to grow at a rapid pace during the forecast period. The rise in interest in baked goods is a win for the baking industry. The forecast period will see increased product demand at both the industrial and domestic levels for bakery & confectionery products.
North America's market is expected to experience a slow growth rate over the forecast period. Europe and North America are the two largest regions for cheese consumption in the world in terms of volume and value. They accounted for more than three quarters of global revenue in 2018. The per capita consumption of dairy products and per capita milk indicate that cheese products are increasing despite being saturated markets.
There are more than 274,000 European food- and drink companies that produce a variety of food to meet the changing needs of 500 million Europeans every day. The European food and beverage industry is fragmented. It is dominated by small and medium-sized businesses. More than 50% of Europe's total market is dominated by SMEs.
The most popular diets in Europe are those that reduce the amount of sugar and fat. Over 20.0% of Europeans are concerned about sugar and prefer to eat a low-fat diet. Manufacturers will need to develop innovative products to cater to this segment of the population due to an expected rise in lactose intolerance.
The market will grow due to changing demographics, a busy lifestyle, and increased access to technology. Because of its high nutritional content and pleasant smell, cheese powders are an indispensable ingredient in the industrial and domestic sectors. Manufacturers are being forced to increase shelf space due to rising demand. This has led to increased costs and could pose a threat in coming years.
This industry is extremely competitive. There are many opportunities for new entrants due to the constant shift in consumer preferences as well as easy availability of raw materials. Lactosan introduced new products to boost calcium levels. These products have six times the nutrients of other products.
This market will influence the distribution of final product. Retailing products is a direct business activity for companies via e-commerce and supermarkets.
In the past few years, consumers have changed their buying habits. Online shopping has become more popular due to increased product availability, greater variety, ease of shopping, selection of quantity and delivery time, and discounts.
This report predicts revenue growth at the global, regional and country level and analyzes industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global cheese powder market report by product, region, and application.
Product Outlook (Revenue USD Million, 2014-2025)
Cheddar
Parmesan
Blue Cheese
Romano
Swiss
Other
Applications Outlook (Revenue USD Million, 2014-2025)
Snacks
Bakery & Confectionery
Dips/Dressings/Dry mix/Sauces
Flavors
Are You Ready to Eat?
Other
Regional Outlook (Revenue USD Million, 2014-2025)
North America
The U.S
Europe
Germany
The U.K.
France
Italy
Spain
Asia Pacific
China
India
Japan
ANZ
Central & South America
Middle East & Africa
b. Global cheese powder market was valued at USD 1.2 Billion in 2019, and is forecast to grow to USD 1.3 Billion by 2020.
What is the growth rate of cheese powder?b. Global cheese powder market will grow at 7.5% compound annual growth rate between 2019 and 2025, reaching USD 1.83 billion in 2025.
Which market segment had the largest cheese powder market shareb. With a market share of 59.9%, Europe dominated the cheese-powder market in 2019, This can be attributed to cheese powders' high nutritional content and smell, which are essential ingredients in both the domestic and industrial sectors.
What are the major players in the cheese powder market?b. Land O'Lakes, Inc., Kerry Group PLC, Kraft Heinz Company, Lactosan A/S, Archer Daniels Midland, Commercial Creamery Company, Kanegrade Limited, and Aarkay Food Products Ltd. are some of the key players in the cheese powder industry.
What are the main factors that drive the cheese powder marketb. The market growth is driven by a surge in cheese powder demand in many snacks, especially in developed markets.
Up Market Research published a new report titled “Cheese Powder Market research report which is segmented by Application (Dips, Ready to Eat, Snacks), by Product (Swiss, Romano, Cheddar, Blue Cheese, Parmesan), By Players/Companies Kanegrade Limited and Aarkay Food Products Ltd, Lactosan A/S, Archer Daniels Midland, Commercial Creamery Company, Kerry Group PLC, Kraft Heinz Company, Land O'Lakes, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Cheese Powder Market Research Report |
By Application | Dips, Ready to Eat, Snacks |
By Product | Swiss, Romano, Cheddar, Blue Cheese, Parmesan |
By Companies | Kanegrade Limited and Aarkay Food Products Ltd, Lactosan A/S, Archer Daniels Midland, Commercial Creamery Company, Kerry Group PLC, Kraft Heinz Company, Land O'Lakes, Inc |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 210 |
Number of Tables & Figures | 147 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Dips, Ready to Eat, Snacks), by Product (Swiss, Romano, Cheddar, Blue Cheese, Parmesan).
Cheese Powder Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cheese Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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