The global cheese powder market was valued at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3 % during the forecast period. The increasing demand for convenience foods is one of the major drivers of the cheese powder market. The major industrial users of cheese powders include producers of snacks, soups, sauces, frozen products, and ready-to-eat meals. Snacks are the major application of cheese powder due to its easy handling and longer shelf life. Its use in dry snacks has largely contributed to the growth of the market.
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Cheddar cheese powder, by type segment, accounted for the largest share of cheese powder in 2023 in terms of value.
Cheddar is one of the most popular and widely consumed cheese varieties, and its trends often reflect broader developments in the cheese powder industry. Cheddar is a relatively hard natural cheese that is off-white in color. It is the most widely used type of cheese for the manufacturing of cheese powders. Cheddar cheese powder has a low calorie, saturated fat, salt, and cholesterol content. This has led to an increase in demand for cheddar cheese powder in North America owing to the rising health-consciousness among people. Moreover, consumers are showing increased interest in high-quality, artisanal, and premium cheddar cheeses. These offerings often came from small-scale producers and were appreciated for their unique flavors and production methods.
Processed cheese powder in the by-origin segment accounted for the largest share of cheese powder in 2023 in terms of value.
Processed cheese products are widely used in the foodservice industry, including quick-service restaurants and casual dining establishments, due to their convenience and ease of use in various menu items. Processed cheese was used as a key ingredient in snack products, such as cheese crackers and cheese snacks. The growth of the snack industry and the demand for savory, flavorful snacks were contributing to the processed cheese market. Moreover, processed cheese products are more cost-effective than natural cheeses, making them a budget-friendly option for both consumers and foodservice establishments.
Ready meals in the application segment are estimated to grow at the highest rate in the cheese powder market.
Cheese powder is used in ready meals to add a specific cheese’s flavor to the meal or to enhance the existing flavor in it. With the growingly busy lifestyles of consumers, the popularity of ready meals is rising in developed countries such as the U.S., Germany, and the U.K., among others. This boosts the demand for cheese powder in ready meals across regions. Moreover, ready-meal manufacturers are incorporating cheese powder from different cuisines to create fusion dishes that offer a blend of flavors. For example, cheese in Asian-inspired dishes or Mexican-style meals, Ready meals inspired by international cuisines incorporate cheeses unique to those regions. This trend catered to consumers' growing interest in global flavors.
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The North American region is expected to grow at a significant rate in the global cheese powder market.
The demand for cheese powder is expected to grow in the region owing to its widespread use as a key ingredient in snacks, ready meals, sauces, dips, dressings, and bakery products, among others. The presence of numerous fast food chains and the production of a wide variety of cheeses are expected to drive the growth of the North American cheese powder market.
The increased demand for convenience food products offers growth opportunities for cheese powder manufacturers. Moreover, there is a growing consumer interest in high-quality, artisanal, and specialty cheeses. Artisanal cheesemakers are gaining attention for their unique flavors, production methods, and localized offerings.
Major key players operating in the cheese powder market are Land O'Lakes, Inc. (US), Kerry Group Plc (Ireland), Fonterra Co-operative Group Limited (New Zealand), ADM (US), and Commercial Creamery Company (US).
Cheese Powder Market is valued at USD 1.15 Billion in 2019 and expected to reach 1.69 billion by 2025 with the CAGR of 5.6% over the forecast period.Increasing application of cheese powder in food sector, rising population fuelling to a boom in demand of food, growing preference for convenience foods, and long shelf life of packaged food products are the major factors for driving the growth of Global Cheese Powder Market.Scope of Cheese Powder Market Report-Powdered cheese is typically dehydrated cheese.
Powdered cheese is most often made with cheddar, but there can also be Swiss varieties, sharp and many others.
It is not usually sold on supermarket shelves, but can be obtained from some online cheese suppliers and from spice or pastry shops.Cheese Powder Market report covers major key players in the market like Aarkay Food Products Ltd., Kerry Group Plc, Bluegrass Dairy & Food Inc., All American Foods Inc., Archer-Daniels-Midland Company, Kraft Foods Group, Cargill Inc., Dairy Farmers of America Inc., Land O'Lakes Inc., Kanegrade Limited and others.Cheese powder gives a unique and wonderful flavor value which is its largest specialty.
Since he became successful, powdered cheese is gaining more acknowledgement due to its flavors and long packaging life.The regions covered in this cheese powder market report are North America, Europe, Asia Pacific and rest of the World.
On the basis of country level, market of cheese powder is subdivided into U.S., Mexico, Canada, U.K., Germany, France, Italy, China, Japan, South East Asia, Africa, etc.Cheese Powder Market SegmentationBy Type:- Cheddar, Blue, Parmesan, American, Swiss, Romano, MozarellaBy Application: - Bakery, Seasoning, Sauces, Dips, Confectionery, Readymeals, Snacks and othersGlobal Cheese Powder Market Dynamics-Increasing application of cheese powder in food sector, rising population fuelling to a boom in demand of food, rising preference for convenience foods, and long shelf life of packaged food products are the major factors for driving the growth of Global cheese powder Market.
Also, packaged cheese can pertain a shelf life of as long as 15 years, which boosts its demand in the market.
Cheese needs no introduction; it’s so popular around the globe.
Innovations in cheese forms and flavors have resulted in introduction of many cheese products and utilization by various downstream markets.
Among the various industrial applications of cheese, bakery foods and ready to eat foods are driving higher demand for cheese.
Mozzarella and Cheddar are most popular among the various product types of Cheese.Cheese powder can be used in place of hard cheese as it’s convenient to store.
Flavored cheese favorably enhances the quality the cheese powder and hence its rebounding value is also higher.There is no standard identity for cheese powder so the quality and the taste of cheese powder among the various suppliers may vary.
The growth of the cheese powder is dependent on the rise in demand for the processed food and convenience food industry.Global Key Players and Competition AnalysisThe key players profiled in Global Cheese Powder Market report include- Land O'lakes, Inc., Kerry Group PLC, Lactosan A/S, Archer Daniels Midland Company.
