Cheese Powder Market is Projected to Reach $895 million by 2028

According to a recent research report titled "Cheese Powder Market by Type (Cheddar, Mozzarella, American Cheese, Blue Cheese, Parmesan), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips, and Condiments, Ready Meals), Origin and Region - Global Forecast to 2028," published by MarketsandMarkets, the global cheese powder market exhibited substantial growth. In 2023, the market was valued at USD 630 million and is projected to reach USD 895 million by 2028, with a CAGR of 7.3% during the forecast period.

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Convenience foods have emerged as a significant driver for the cheese powder market. Industries such as snacks, soups, sauces, frozen products, and ready-to-eat meals are among the primary users of cheese powders. Snack production, in particular, has seen substantial growth, thanks to cheese powder's ease of handling and extended shelf life.

Cheddar cheese powder, a popular variety, dominated the market in 2023 in terms of value. Known for its lower calorie, saturated fat, salt, and cholesterol content, cheddar cheese powder has gained traction, especially in North America, where health-consciousness is on the rise. Additionally, consumers are showing increased interest in high-quality artisanal cheddar cheeses, appreciating their unique flavors and production methods.

Within the origin segment, processed cheese powder held the largest share in 2023. Processed cheese products are favored in the foodservice industry, offering convenience and versatility for various menu items, including snacks like cheese crackers and cheese snacks. The demand for savory, flavorful snacks has contributed to the growth of processed cheese products.

In terms of application, ready meals are expected to witness the highest growth in the cheese powder market. As consumers embrace busier lifestyles, the popularity of ready meals is on the rise, especially in developed countries like the U.S., Germany, and the U.K. Cheese powder plays a pivotal role in adding specific cheese flavors to these meals or enhancing existing flavors, catering to consumers' growing interest in global cuisine.

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The North American region is poised for significant growth in the global cheese powder market. The widespread use of cheese powder in various food products, including snacks, ready meals, sauces, dips, dressings, and bakery items, is a key driver in the region. Furthermore, the presence of numerous fast-food chains and diverse cheese production contributes to the growth of the North American cheese powder market.

The cheese powder industry is also benefiting from the increasing demand for convenience food products and the growing consumer interest in high-quality, artisanal, and specialty cheeses. Artisanal cheesemakers are gaining recognition for their unique flavors, production methods, and localized offerings.

Key players in the Cheese Powder market include Land O'Lakes, Inc. (US), Kerry Group Plc (Ireland), Fonterra Co-operative Group Limited (New Zealand), ADM (US), and Commercial Creamery Company (US).

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