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Cheese Powder Market , Industry Opportunities And Market Projections For Upcoming Years
Cheese Powder Market
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Cheddar cheese product type segment was the largest segment in global cheese powder market in 2016 and the trend is expected to be continued over the forecast period. Increasing use of cheddar cheese powder over others in sauces, dips & dressing, bakery & snacks is fueling growth of this segment in global cheese powder market.
North America region accounted for largest market share in global cheese powder market in 2016. Owing to high presence of cheese powder manufacturers in the region along with the preference for eating convenience food, North America is projected to retain its dominance over the forecast period. According to the Canadian Dairy Information Center, per capita consumption of cheese in Canada was valued at 12.7 kg in 2015, which further increased to 13.4 kg in 2016.
Key players in Global Cheese Powder Market:
Leading cheese powder manufacturing companies across the world include Archer Daniels Midland Company, Kraft Foods Group, Inc., Kerry Group PLC, Aarkay Food Products, Land O'Lakes Inc., Lactosan A/S, Commercial Creamery Company, Kanegrade Limited, and All American Foods among others. These companies are focusing on improving their product portfolio and geographical expansion through merger and acquisitions. For instance, in 2016, ADM acquired Wild Flavors and Specialty Ingredients to enhance ADM’s product portfolio in food ingredients market.
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