Press release
Cheese Powder Market to receive overwhelming hike in Revenues by 2024
The global cheese powder market has anticipated to register a significant CAGR over the forecast period. The cheese powder is very convenient in handling, storage and has shelf stability as compared to hard cheese, which drives the growth of the global cheese powder market. Powder cheese is majorly used as a flavoring agent in the various food recipes which also boost the demand for the cheese powder and drives the global cheese powder market. The suppliers add whey, milk fat, salt and even non-dairy ingredients for the cheese powder which either enhance or reduce the fats, minerals, and proteins as per consumer necessity, leads the demand for the cheese powder and drives the growth of the global cheese powder market.
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However, during the process of converting cheese to a cheese powder, some volatile flavor compounds such as diacetyl and dimethyl sulfide may be lost which are quite important to cheese flavor, may hamper the demand as well as the growth of the global cheese powder market. The price of the cheese powder is also high as compared to hard cheese, which may divert the purchasing criteria of the consumer and restrain the growth of the global cheese powder market.
The global cheese powder market has segmented on the basis of the type of the cheese powder, the source of the milk, applications of the cheese powder and region.
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In terms of geography, the global cheese powder market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The North America contributed the leading share to the global cheese powder market in terms of value as the demand for the cheese powder is more of the countries from the North America. Followed by North America, the Europe also contributed the significant share in terms of the revenue to the global cheese powder market. The APAC region contributed the descent shares to the global cheese powder market as the trend of the cheese powder has become emerging in the countries such as India and China and demand may increase over the forecast period. MEA is also expected to register a healthy growth in the global cheese powder market over the forecast period.
Some of the key players of the global cheese powder are Lactosan A/S, All American Foods, Aarkay Food Products Ltd., Commercial Creamery Company, Land O'lakes, Inc., Archer Daniels Midland Company, Kanegrade Limited, Kerry Group PLC, Dairiconcepts, L.P. and Kraft Foods Group, Inc.
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