Cheese Powder Market Forecasts to 2028 – Global Analysis By Type (Mozzarella, Cheddar, Parmesan, Blue Cheese, American Cheese, Feta, Gouda, Swiss, Asiago, Other Types), Category (Natural, Processed), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $575.97 MN |
|
Projected Year Value (2028) |
US $1,039.40 MN |
|
CAGR (2021 - 2028) |
8.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cheese Powder Market is accounted for $575.97 million in 2021 and is expected to reach $1,039.40 million by 2028 growing at a CAGR of 8.8% during the forecast period. Cheese powder is produced by spray drying the mixture of macerated cheese, water & ingredients such as emulsifiers & salts. It can also be made by the addition of whey & water to the mixture and dehydrating it. It is widely used as a seasoning and flavoring agent in various food products. A high-quality cheese powder contains cheese, whey, salt and anti-caking additives. Since there is no standard identity for cheese powder, quality of cheese powders between suppliers varies and may change the components and the taste of the cheese powder. The product has become the best suitable substitute for the hard cheese.
Market Dynamics:
Driver:
Increasing demand for convenience food
The increasing demand for convenience foods is one of the major drivers for the cheese powder market. The busy lifestyle and changes in food preferences of the consumers have resulted in the increasing demand for convenience food. The major industrial users of cheese powders include producers of snacks, soups, sauces, frozen products, and ready-to-eat meals. Snack is the major application of cheese powder due to its easy handling and longer shelf life. Its usage in dry snacks has been largely contributing to the growth of the market.
Restraint:
Rising awareness regarding the ill-health effects of cheese
The rising consumer awareness about the ill-health effects of cheese poses a great challenge to the growth of the global cheese powder market. Obesity, high cholesterol levels, and heart diseases are the major conditions associated with the consumption of processed cheese. Furthermore, studies suggest that the consumption of cheddar cheese may pose an increased risk of breast cancer by increasing the production of galactose from lactose.
Opportunity:
Increasing demand for processed and packaged food
A shift has been observed from staple food towards processed & packaged food products in developing countries such as India and China. Furthermore, growth in the retail channels such as supermarkets and hypermarkets in urban areas in these countries is expected to increase the availability of processed & packaged food. With the rising demand for packaged foods such as snacks, bakery & confectionery products, and ready to eat meals, the demand for cheese powder is likely to grow in the upcoming years.
Threat:
Stringent labelling regulation
The demand for accurate labelling of all the ingredients in the product and specifying the details of the ingredients is on the rise due to growing health concerns. Such information is especially important in the case of food products that contain various additives; for instance, powdered cheese is prepared by adding various ingredients such as whey, caseinate, and maltodextrin. Adhering to these labelling regulations may increase the cost of packaging and labelling, which in turn affects the price of the final products. This leads to low acceptance by consumers, which poses as a challenge for the cheese powder market.
The sweet & savory snacks segment is expected to be the largest during the forecast period
The sale of snacks is faster in developing regions, owing to rise in per capita disposable incomes, presenting a potential opportunity for the industry. Snacks as meal replacements are a growing opportunity in developed regions, owing to increase in working class people. According to data reported by SPINS, more than 90.0% of adults are snacking daily and the industry offers huge opportunities for product manufacturers. High sales of key snacks such as yogurt, protein bars, and hummus because of their clean labels and whole food ingredients are projected to boost the growth of sweet & savory snacks segment in the cheese powder market.
The cheddar segment is expected to have the highest CAGR during the forecast period
Cheddar cheese is hard, ripened cheese with a long shelf life and has gained popularity because of its distinct taste, flavor, and aroma. It is highly popular in Europe and North America. Increasing demand for specialty and premium flavors is likely to escalate the growth of this segment. Cheese manufacturers are focusing on providing personalized flavors in the cheddar cheese powder segment, ranging from sweet and buttery to savory flavors. In addition, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings. For instance, DSM - a science-based company in health, nutrition and sustainable living introduced a portfolio of seven cultures for creating mature and unique taste in this segment. In the coming years, cheese manufacturers predict that cheddar cheese sprinkled with chili and ghost pepper is expected to be an everyday product by 2025.
Region with largest share:
Europe is projected to hold the largest market share during the forecast period. A large number of European food and drink companies produce a wide range of foods, satisfying evolving needs of around 500 million European consumers every day. The European food and drink industry is highly fragmented and is dominated by various small and medium enterprises. SMEs account for more than 50.0% of the total European market. In Europe, diets that limit the amount of fat or sugar are most common. More than 20.0% of Europeans are sugar conscious and prefer low amount of fats in their diets. Also, rise in the number of lactose intolerants is also anticipated to compel manufacturers to provide innovative products in order to serve this part of population. Changing demographics, busy lifestyles, and increasing access to technology are estimated to augment the market in this region. Cheese powders have become an essential ingredient in both domestic and industrial sector owing to its smell and high nutritional content.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR due to the rapidly growing fast-food industry and changing dietary preferences of people in countries like China and India that has led to an increased demand for cheese powder in the region. Furthermore, key players in this market are focusing to establish their position in these developing nations. Cheese powder has become popular in various countries of the region and demand may further increase over the forecast period.
Some of the key players profiled in the Cheese Powder Market include Kerry Group Plc, Kraft Foods Group, Inc. (Kraft Heinz Company), Archer Daniels Midland Company, Land O'lakes, Inc., All American Foods, Lactosan A/S, Aarkay Food Products Ltd, Kanegrade Limited, Commercial Creamery Company, and Dairiconcepts, L.P.
Key developments:
In September 2021: Archer-Daniels-Midland Co said that it had launched a new flavour production facility in China to meet growing demand. The new facility - ADM Food Technology (Pinghu) Co Ltd, located in the eastern province of Zhejiang and about one hour away from Shanghai - marks a further expansion by the global grains trader in the nutrition segment.
In June 2017: Land O’lakes, Inc, which is a manufacturer of dairy ingredients, launched a line of organic cheese powders. Basically, the organic certification will enable the company to command a higher price in the market as compared to its competitors.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cheese Powder Market, By Type
5.1 Introduction
5.2 Mozzarella
5.3 Cheddar
5.4 Parmesan
5.5 Blue Cheese
5.6 American Cheese
5.7 Feta
5.8 Gouda
5.9 Swiss
5.10 Asiago
5.11 Other Types
5.11.1 Romano
5.11.2 Ricotta
5.11.3 Roquefort
5.11.4 Cheese Blends
5.11.5 Nacho Cheese Powder
5.11.6 Enzyme Modified Cheese (EMC) Powder
6 Global Cheese Powder Market, By Category
6.1 Introduction
6.2 Natural
6.3 Processed
7 Global Cheese Powder Market, By Source
7.1 Introduction
7.2 Conventional
7.3 Organic
8 Global Cheese Powder Market, By Type of Milk
8.1 Introduction
8.2 Cow Milk
8.3 Goat Milk
8.4 Buffalo Milk
8.5 Camel Milk
8.6 Sheep Milk
8.7 Yak Milk
8.8 Donkey Milk
8.9 Mare Milk
8.10 Reindeer Milk
9 Global Cheese Powder Market, By Application
9.1 Introduction
9.2 Bakery & Confectionery
9.3 Sweet & Savory Snacks
9.4 Sauces, Dressings, Dips, Dry Mixes, and Condiments
9.5 Ready Meals
9.6 Flavors
9.7 Imitation and Processed Cheese
9.8 Biscuits & Wafer
9.9 Chips Dusting
9.10 Instant Soup Premixes
9.11 Pet and Baby Food
9.12 Side Dishes
9.13 Creams & Desserts
9.14 Processed Meat & Egg Products
10 Global Cheese Powder Market, By End User
10.1 Introduction
10.2 Household
10.3 Industrial
11 Global Cheese Powder Market, By Distribution Channel
11.1 Introduction
11.2 Hypermarkets
11.3 Supermarkets
11.4 Food Specialty Stores
11.5 Convenience Stores
12 Global Cheese Powder Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Kerry Group Plc
14.2 Kraft Foods Group, Inc. (Kraft Heinz Company)
14.3 Archer Daniels Midland Company
14.4 Land O'lakes, Inc.
14.5 All American Foods
14.6 Lactosan A/S
14.7 Aarkay Food Products Ltd
14.8 Kanegrade Limited
14.9 Commercial Creamery Company
14.10 Dairiconcepts, L.P
List of Tables
1 Global Cheese Powder Market Outlook, By Region (2020-2028) ($MN)
2 Global Cheese Powder Market Outlook, By Type (2020-2028) ($MN)
3 Global Cheese Powder Market Outlook, By Mozzarella (2020-2028) ($MN)
4 Global Cheese Powder Market Outlook, By Cheddar (2020-2028) ($MN)
5 Global Cheese Powder Market Outlook, By Parmesan (2020-2028) ($MN)
6 Global Cheese Powder Market Outlook, By Blue Cheese (2020-2028) ($MN)
7 Global Cheese Powder Market Outlook, By American Cheese (2020-2028) ($MN)
8 Global Cheese Powder Market Outlook, By Feta (2020-2028) ($MN)
9 Global Cheese Powder Market Outlook, By Gouda (2020-2028) ($MN)
10 Global Cheese Powder Market Outlook, By Swiss (2020-2028) ($MN)
11 Global Cheese Powder Market Outlook, By Asiago (2020-2028) ($MN)
12 Global Cheese Powder Market Outlook, By Other Types (2020-2028) ($MN)
13 Global Cheese Powder Market Outlook, By Romano (2020-2028) ($MN)
14 Global Cheese Powder Market Outlook, By Ricotta (2020-2028) ($MN)
15 Global Cheese Powder Market Outlook, By Roquefort (2020-2028) ($MN)
16 Global Cheese Powder Market Outlook, By Cheese Blends (2020-2028) ($MN)
17 Global Cheese Powder Market Outlook, By Nacho Cheese Powder (2020-2028) ($MN)
18 Global Cheese Powder Market Outlook, By Enzyme Modified Cheese (EMC) Powder (2020-2028) ($MN)
19 Global Cheese Powder Market Outlook, By Category (2020-2028) ($MN)
20 Global Cheese Powder Market Outlook, By Natural (2020-2028) ($MN)
21 Global Cheese Powder Market Outlook, By Processed (2020-2028) ($MN)
22 Global Cheese Powder Market Outlook, By Source (2020-2028) ($MN)
23 Global Cheese Powder Market Outlook, By Conventional (2020-2028) ($MN)
24 Global Cheese Powder Market Outlook, By Organic (2020-2028) ($MN)
25 Global Cheese Powder Market Outlook, By Type of Milk (2020-2028) ($MN)
26 Global Cheese Powder Market Outlook, By Cow Milk (2020-2028) ($MN)
27 Global Cheese Powder Market Outlook, By Goat Milk (2020-2028) ($MN)
28 Global Cheese Powder Market Outlook, By Buffalo Milk (2020-2028) ($MN)
29 Global Cheese Powder Market Outlook, By Camel Milk (2020-2028) ($MN)
30 Global Cheese Powder Market Outlook, By Sheep Milk (2020-2028) ($MN)
31 Global Cheese Powder Market Outlook, By Yak Milk (2020-2028) ($MN)
32 Global Cheese Powder Market Outlook, By Donkey Milk (2020-2028) ($MN)
33 Global Cheese Powder Market Outlook, By Mare Milk (2020-2028) ($MN)
34 Global Cheese Powder Market Outlook, By Reindeer Milk (2020-2028) ($MN)
35 Global Cheese Powder Market Outlook, By Application (2020-2028) ($MN)
36 Global Cheese Powder Market Outlook, By Bakery & Confectionery (2020-2028) ($MN)
37 Global Cheese Powder Market Outlook, By Sweet & Savory Snacks (2020-2028) ($MN)
38 Global Cheese Powder Market Outlook, By Sauces, Dressings, Dips, Dry Mixes, and Condiments (2020-2028) ($MN)
39 Global Cheese Powder Market Outlook, By Ready Meals (2020-2028) ($MN)
40 Global Cheese Powder Market Outlook, By Flavors (2020-2028) ($MN)
41 Global Cheese Powder Market Outlook, By Imitation and Processed Cheese (2020-2028) ($MN)
42 Global Cheese Powder Market Outlook, By Biscuits & Wafer (2020-2028) ($MN)
43 Global Cheese Powder Market Outlook, By Chips Dusting (2020-2028) ($MN)
44 Global Cheese Powder Market Outlook, By Instant Soup Premixes (2020-2028) ($MN)
45 Global Cheese Powder Market Outlook, By Pet and Baby Food (2020-2028) ($MN)
46 Global Cheese Powder Market Outlook, By Side Dishes (2020-2028) ($MN)
47 Global Cheese Powder Market Outlook, By Creams & Desserts (2020-2028) ($MN)
48 Global Cheese Powder Market Outlook, By Processed Meat & Egg Products (2020-2028) ($MN)
49 Global Cheese Powder Market Outlook, By End User (2020-2028) ($MN)
50 Global Cheese Powder Market Outlook, By Household (2020-2028) ($MN)
51 Global Cheese Powder Market Outlook, By Industrial (2020-2028) ($MN)
52 Global Cheese Powder Market Outlook, By Distribution Channel (2020-2028) ($MN)
53 Global Cheese Powder Market Outlook, By Hypermarkets (2020-2028) ($MN)
54 Global Cheese Powder Market Outlook, By Supermarkets (2020-2028) ($MN)
55 Global Cheese Powder Market Outlook, By Food Specialty Stores (2020-2028) ($MN)
56 Global Cheese Powder Market Outlook, By Convenience Stores (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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