06-Jan-2021 | Zion Market Research
According to the analysts at Zion Market Research, the global cheese powder market was capitalized at around USD 476.5 million in 2018 and is anticipated to develop at around 6.5% CAGR during the forecast to attain a worth of about USD 604.1 million. The major players in the market are the cheese powder suppliers, regulatory bodies, and manufacturers. The active players in the cheese powder market consist of Kraft Foods Group, Inc., Land O’Lakes, Inc., Kerry Group plc, Lactosan A/S, Archer Daniel Midland, DairiConcept, All American Foods, Aarkay Food Products, Kanegrade Limited, and Commercial Creamery Company.
Rise In Processed Food Likely To Boost The Growth Of The Cheese Powder Market
The progress of the cheese powder market relies on the expansion of the convenience food and processed food industry. In several food products, the cheese powder’s demand as a major component is increasing across the world. Further, the rise in spending by customers, enhanced standard of living of the customers resulting in rising demand for ready-to-eat meals, and rapid urbanization are also expected to boost the growth of the cheese powder market in the coming period. Moreover, the cheese powders’ longer shelf life made it a favored ingredient for packaged food producers. The rising implementation of cheese among customers has resulted in an elevated stipulation for cheese powder. Nevertheless, the increasing consciousness about the ill-health impacts of cheese such as high cholesterol levels, obesity, and heart issues are projected to hamper the market growth in the coming years.
Rising Cheese Usage In Fast Food Expected To Boost The Cheddar Cheese Segment
The cheese powder market, based on cheese type, is bifurcated into cheddar cheese, mozzarella cheese, American cheese, parmesan cheese, gouda cheese, blue cheese, and others. The largest share in the market is anticipated to be grabbed by cheddar cheese segment as a result of its rising usage in the fast food and convenience food market. The market, on the basis of application, is categorized into snacks, ready meals, bakery products, sauces & dressings, snacks & spreads, confectionery products, and others. During the forecast period, the ready meals segment is projected to witness the highest CAGR because of the rising urbanization and hectic lifestyles of the customers.
Asia Pacific Anticipated To Witness Substantial Market Growth In The Forecast Period
Regionally, the global cheese powder market is segmented into Asia Pacific, Latin America, the Middle East & Africa, Europe, and North America. Asia-Pacific region is anticipated to witness a radical growth in the cheese powder market as a result of the escalating population and rising disposable income in this region.
Browse the full “Cheese Powder Market By Product (Parmesan, Mozzarella Romano, Cheddar, Swiss, American Cheese, And Blue Cheese), Packaging (Institutional And Consumer), Application (Dairy & Frozen Dessert, Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Beverages, Dressings, Dips &Condiments, And Ready To Eat Meals), And End User (Industrial And Individual): Global Individual Perspective, Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/cheese-powder-market
The global cheese powder market is segmented as follows:
By Cheese Type
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