Global Cheese Powder Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Cheese Powder Market: By Cheese Type (Cheddar Ceese, 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), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global cheese powder market was valued at US $ XX Mn in 2017 and expected to grow at 7.0% Compound Annual Growth Rate (CAGR) over 2017 to 2023
Market Outline: Global Cheese Powder Market
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.
Market Dynamics: Global Cheese Powder Market
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.
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Market Scope: Global Cheese Powder Market
Global cheese powder market is segmented based on Cheese type, application, and distribution channel
Based on the cheese type, the market is segmented into the following:
Cheddar Cheese
American Cheese
Parmesan Cheese
Gouda Cheese
Mozzarella Cheese
Blue Cheese
Others
Based on the application, the market is segmented into the following:
Ready Meals
Sweet and Savory Snacks
Confectionary and Bakery
Condiments, Dips, and Sauces
Others
Based on the distribution channel, the market is segmented into the following:
Super markets & Hyper Markets
Online Stores
Departmental Stores
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Regional Analysis: Global Cheese Powder Market
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.
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Competition Assessment: Global Cheese Powder Market
Some of the players in the global cheese powder market 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)
Notable Market Developments: Global Cheese Powder Market
In July 2017, Land O’ Lakes launched clean –label, organic cheddar cheese powder used for popcorn consumption in U.S.
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