2021 Opportunity Analysis for Cheese Powder Market

According to the report “Cheese Powder Market By Type (Cheddar, Mozzarella, Parmesan, American, And Blue), Application (Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, And Ready Meals), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Global Cheese Powder Market was worth USD 437 million in 2016 and is estimated to be growing at a CAGR of 6.73%, to reach USD 605.22 million by 2021. The market is subject to a steady growth and has evident potential in the mentioned forecasting period. Cheese powder is basically dehydrated cheese. Although cheese powder can be made in a number of ways, but the most common viable technique is to melt fresh, whole cheese and spray it through a hot dryer, producing a thick, velvety powder that can then be added to breads and sauces, popcorns and, to our surprise can also be added to homemade cheese recipes. The nature of cheese powder as an additive that can be used in many recipes, boosts the global cheese powder market.

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Cheese powder in cheese recipes is ordinarily used for flavour value. Sometimes a cheese, especially one eaten fresh, will taste either bland or pungent, particularly in the case of a goat milk cheese, and the addition of cheese powder can really change the flavour. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The ingredient list should be checked before purchasing cheese powder to avoid chemicals and additives.

The cheese powder market is driven by the rapid growth of fast food chains in the developing economies and also due to the increase in the per capita disposable income. People use cheese powder along with many recipes. The increased shelf life of cheese powder also drives the market forward by being a preferred choice for packaged foods manufacturers. The increased consumption of cheese and cheese related products has increased the market share for cheese powder. The factors restraining the growth of the cheese powder market include the ill-health effects associated with cheese such as obesity, heart problems, and increased cholesterol levels. These issues restrain the growth of the market.

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The Global market for cheese powder is broadly categorized into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). Based on Application, the market is further segmented into Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals. Cheddar cheese powder accounted for the highest revenue of the overall market and is followed by Mozzarella cheese powder. Parmesan cheese powder is projected to witness high growth rate during the forecast period. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The cheese powder market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.

Some of the major companies dominating the market:
• Land O’Lakes, Inc.
• Kraft Foods Group, Inc.
• Kanegrade Limited
• Archer Daniels Midland Company
• Lactosan A/S
• Kerry Group Plc
• DairiConcepts, LP.

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