The Global Cheese Powder Market- Growth, Trends, COVID-19 impact and Forecast (2021-2025)
Global cheese powder market is segmented based on product type as Cheddar, Parmesan, Blue cheese, Romano, Swiss and Others; based on application as Snacks, bakery & confectionary, dips, flavours, ready to eat and others; based on geography as North America, Europe, APAC and ROW.
Introduction
Cheese is a dairy product made from the milk, produced in a variety of shapes, textures, and flavors. Cheese is an important part of the human diet as a dietary staple and gourmet food. Cheese is highly nutritious and rich in minerals and vitamins.
Cheese powder is made by dehydrating the hard cheese. Cheese powder is commonly used for the flavoring purpose in food and beverages. 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.
Cheese powder has become the best suitable substitute for the hard cheese.
The global cheese powder market has anticipated to register a significant CAGR over the forecast period. The cheese powder is very convenient in handling, storage and has shelf stability as compared to hard cheese, which drives the growth of the global cheese powder market.
Table of Contents
Market Overview
The global cheese powder market is expected to grow to $1.78 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 7.1% CAGR.
The longer shelf life of cheese powders has made it a preferred choice for packaged food producers.
Increasing demand for nutritional and fortifying food additives is anticipated to drive the growth.
North America contributed the leading share to the global cheese powder market in terms of value as the demand for the cheese powder is more of the countries from North America.
Key Trends
Price drops in recent years, coupled with rising population, booming foodservice sector, and rising disposable income, are anticipated to fuel the demand for the product in developing countries.
Initiatives taken by manufacturers to offer novel flavors, better quality, and attractive packaging are likely to bode well for the market over the forecast period.
R&D in cheese industry is also expected to aid in growth of the market
Key Market Players
Some of the key players in the market are Dairi concepts, Kerry Group, ADM (Wild Flavors and Specialty Ingredients), Bluegrass Dairy, and All American Foods.
The presence of dominant players has made it challenging for new entrants to gain a foothold in the market. However, new and prospective players have been investing in R&D activities to withstand the competition prevailing in the industry.
Growth Drivers and Challenges
The increasing demand for convenience foods is one of the major drivers for the cheese powder market. The major industrial users of cheese powders include producers of snacks, soups, sauces, frozen products, and ready-to-eat meals.
The drivers for this market include increasing disposable income, busy lifestyle, new launches, increasing working women population.
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.
The growth of Cheese Powder market restrains as it is expensive and the unhealthy preservatives being used in cheese powder which is not consumed by health conscious people. Band of packaged food and processing by FDA in US is the major challenge which is restraining the growth of the market.