Cheese Powder Market Insights
The MRFR report suggests that the global cheese powder market is estimated to acquire USD 0.903 billion by 2032. The report further predicts the market to thrive at a healthy CAGR of over 5.8% during the review timeframe from 2023 to 2032.
Cheese powder refers to dehydrated cheese. It can be manufactured using different methods. The global cheese powder market has registered a significant spike in the growth rate in the last few years. The market's growth is mainly credited to the elevated demand for ready-to-eat (RTE) and ready-to-cook (RTC) food products across the globe. In addition, the factors such as convenience in handling, easy storage, increased shelf-life, increasing consumption of baked savory products, improved standard of living, and increase in consumer spending are also projected to impact the market's growth positively.
Segment Analysis
The global market for cheese powder has been segregated into various segments based on application, product type, category, and region.
The global market for cheese powder is divided into conventional and organic based on category.
Based on product type, the cheese powder market is split into gouda, swiss, mozzarella, blue, cheddar, parmesan, and others.
Based on application, the global market for cheese powder is split into RTC & RTE meals, sauces, bakery & confectionary, dressings & spreads, sweet & savory snacks, and others.
Regional Analysis
The global cheese powder market size is studied across four major regions, including Asia-Pacific, Europe, North America, and the rest of the world.
The MRFR report suggests that the North American region is projected to lead the global cheese powder market over the forecasted era. The region has major contributors such as Canada and the US. The regional market's growth is mainly credited to the increasing preferences of consumers toward RTC and RTE meals. In addition, leading cheese processors offering a range of cheese powder is also likely to impact the regional market's growth positively. Furthermore, the factors such as changing the dietary habits of consumers and the growth of the online and offline retail sector are also projected to boost the regional cheese powder market's growth over the coming years.
The European regional market for cheese powder is anticipated to register substantial growth over the forecasted era. The region is further bifurcated into Spain, France, the UK, Italy, Germany, and the rest of Europe.
The Asia-Pacific regional market for cheese powder is projected to exhibit the highest CAGR over the assessment era. The region is further divided into New Zealand, Australia, Japan, India, China, and the rest of Asia-Pacific. The regional market's growth is primarily attributed to the large consumer base in this region. In addition, the growing population and increasing spending power of consumers are also projected to boost the regional market's growth over the forecasted timeframe. Furthermore, the rapid urbanization across developing economies such as China and India is anticipated to catalyze the regional market's growth.
Competitive Analysis
The global market for cheese powder has an intensely competitive landscape. The players across the global market are focused on growing their global market reach. Implementing growth policies such as mergers, acquisitions, partnerships, etc., has become the latest market trend. The global cheese powder market has prominent leaders such as Vita organic (Bulgaria), Aarkay Food Products Ltd. (India), Frontier Co-op (US), The Lactosan Group (Denmark), Kraft Foods Group, Inc. (the US), Kerry Group Plc. (Ireland), Archer-Daniels-Midland Company (US), E. I. du Pont de Nemours and Company (US), DairiConcepts, L.P. (US), Arla Foods amba (Denmark), DSM Nutritional Products AG (Switzerland), Land O Lakes Inc. (US), Di Bruno Bros. (US), Cargill Inc. (US), All American Foods Inc. (US), and several others.
Recent Developments
- March 2022- Feed Iowa First, a prominent grass-roots community of businesses, has announced the signing of a long-term lease on 17 acres of land owned by Linn County Conservation that will be developed over the upcoming years into a regenerative farming project regaining the soil and growing land access via the Equitable Land Access program.
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