Cheese Powder Market: Global Industry Analysis and Forecast (2023-2029)

Cheese Powder Market size was valued at US$ 1.42 Billion in 2022 and the total Cheese Powder revenue is expected to grow at 6.8% through 2023 to 2029, reaching nearly US$ 2.25 Billion.
Cheese Powder Market Overview:
Cheese is a dairy product that is created with different flavors and textures by milk coagulation of a protein called casein. Cheese is preferred by global food processing companies because of its longer shelf life than normal milk. Over a thousand different types of cheese exist and are produced around the globe in different countries. Cheese powder is an important ingredient in the global food processing industry. It is used as a flavor or a sauce in different foods and ready-to-eat meals. Cheese powder acts as a substitute for hard cheese due to its convenience in handling. Cheese powder is usually marketed as a low-fat and low sodium product around the globe. The global cheese powder market has been segmented by type, product, application, and region.To know about the Research Methodology :- Request Free Sample Report

The global cheese powder market's growth reasons, as well as the market's many segments, are discussed. Data has been given by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the cheese powder market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global cheese powder market condition.
Cheese Powder Market Dynamics:
A major driver in the global cheese powder market is the increased demand for convenience-based food products in the global market. Since powdered cheese is easy to handle; it further saves processing costs. It can directly be used in sauces or dishes as a flavor which is not the case with hard cheese.

A major restraint in the cheese powder market is the rising awareness among global consumers about the bad impacts of cheese on their health. It is expected to drive the th-conscious consumers away from the global market. Cheese is correlated with different heart diseases and obesity. The lactose-intolerant consumers are also less likely to buy cheese-based products. This is projected to hamper the growth of the market in the forecast period (2022-2029). Consumers who prefer a vegan lifestyle (people who don’t eat dairy products as well as meat) are also projected to hamper the market during the forecast period.

A key opportunity in the global cheese powder market is the rise of ready-to-eat meals. Consumers who can’t prepare their meals are the primary consumers of ready-to-eat meals. Cheese powder is used in many ready-to-eat meals like pasta. This correlation between ready-to-eat meals and cheese powder is expected to influence the cheese powder market in the same forecast period.
Cheese Powder Market Segment Analysis:
By Type, the commercial segment held the highest share of xx% in the year 2022. This can be attributed to cheese primary being one of the primary flavor ingredients in many sauces and ready-to-eat meals. Different canned food manufacturing industries use cheese powder to give different textures to their products. The household segment is projected to witness significant growth in the forecast period (2022-2029). This can be correlated to cheese powder being used in breakfast meals in countries like US and Canada.

By Product, the cheddar cheese segment dominated the cheese market in the year 2022. This can be correlated with cheddar cheese being the preferred cheese ingredient in pizza by many pizza outlets around the globe like Dominos. It is also used in different pie-making recipes because of its creamier flavor as compared to other cheese products. Parmesan cheese powder is also projected to gain traction in the given forecast. This can be correlated with its increased use in pasta dishes. Another reason is that it can directly be roasted and eaten as a snack. The growth of the blue cheese segment is attributed to it being used as a dipping ingredient by companies like McDonald's and Wendy’s.

By Application, the Meals and Confectionery segments dominated the cheese powder segment in the year 2022. This is due to cheese powder demand being higher in bakery products and daily meal products. The ready-to-Eat meal segment is projected to witness the highest growth in the forecast (2022-2029). This can be attributed to consumers preferring ready-to-consume meals because many of them can’t afford home-cooked meals due to rising income inequality. The flavor segment is the evergreen segment in the global cheese powder market. This is because the constant need for flavoring is required in the majority of bakery products like cakes, pastry, toast, pieces of bread, etc.
Cheese Powder Market Regional Insights:
The European region dominated the global cheese powder market in the year 2022. This can be attributed to the EU being the largest producer of cheese in the world with Germany being the leading producer with 2.2 million metric tonnes followed by France with 1.9 million metric tonnes. Italy stood at third place with 1.3 million metric tonnes of cheese production.

In the North American region, the United States was the top exporter of cheese powder with US$ 370 million worth of exports. This was the reason the North American region stood second place in the global cheese powder market in the year 2022. Powdered cheese accounted for 0.012% of the total world trade. China was the largest importer of cheese powder in the Asia-Pacific region with US$ 130 million worth of imports. The Asia-Pacific region is projected to grow at the CAGR of 4.9% in the aforementioned forecast period. The growth of the cheese powder market in this region is correlated with the presence of the highest number of ready-to-eat meal consumers in this region. There is also a steep growth in the food processing industry in countries like India and China in the APAC region. Since the food processing industry and cheese powder market are dependent on each other for their businesses; it is bound to create growth opportunities for the cheese powder market in the APAC region in the long run.

The objective of the report is to present a comprehensive analysis of the Cheese Powder market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Cheese Powder market dynamics, structure by analyzing the market segments and projecting the Cheese Powder market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cheese Powder market make the report investor’s guide.
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Cheese Powder Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.42 Billion


Forecast Period 2023 to 2029 CAGR:
6.8%
Market Size in 2029:
US $ 2.25 Billion


 Segments Covered:
by Type
Commercial
Household


by Product
Cheddar
Parmesan
Blue Cheese
Romano
Swiss
Others


by Application
Meals
Bakery & Confectionery
Dips/Sauces
Flavors
Ready to Eat
Others



Cheese Powder Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Cheese Powder Market Key Players are:
1. Commercial Creamery Company
2. Dairy Farmers of America
3. Bluegrass Dairy & Food, Inc.
4. E. I. du Pont de Nemours and Company
5. Cargill Inc.
6. Di Bruno Bros.
7. DSM Nutritional Products AG
8. Arla Foods amba
9. Frontier Co-op
10.Lactosan A/S
11.Land O'Lakes, Inc.
12.Kerry Group
13.Kraft Foods
14.Aarkay Food Products
15.All American Foods
16.Kanegrade Limited
17.Dairiconcepts, L.P
18.Archer Daniels Midland Company
FAQs:
1. Which region has the largest share in Global Cheese Powder Market?
Ans: North American region holds the highest share in 2022.

2. What is the growth rate of Global Cheese Powder Market?
Ans: The Global Cheese Powder Market is growing at a CAGR of 6.8% during forecasting period 2023-2029.

3. What is scope of the Global Cheese Powder market report?
Ans: Global Cheese Powder Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Cheese Powder market?
Ans: The important key players in the Global Cheese Powder Market are – Commercial Creamery Company, Dairy Farmers of America, Bluegrass Dairy & Food, Inc., E. I. du Pont de Nemours and Company, Cargill Inc., Di Bruno Bros., DSM Nutritional Products AG, Arla Foods amba, Frontier Co-op, Lactosan A/S, Land O'Lakes, Inc., Kerry Group, Kraft Foods, Aarkay Food Products, All American Foods, Kanegrade Limited, Dairiconcepts, L.P, and Archer Daniels Midland Company

5. What is the study period of this market?
Ans: The Global Cheese Powder Market is studied from 2022 to 2029.