(Food-Beverage-News.Com, November 21, 2017 ) According to the report Asia Pacific Cheese Powder Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 140.24 million by 2022, at a CAGR of 6.9% from 2017 to 2022.
Cheese powder is most commonly used as a flavouring agent to improve the taste of natural cheese. It is a composite of salt, whey, cheese and traces of anti-caking additive. Cheese when dehydrated in a dryer yields cheese powder.
Asia Pacific Cheese Powder Market: Drivers & Restraints Emerging economies are efficiently utilizing economies of scale to produce cheese powder at competitive prices which is the primary driver of market growth.
Rising cases of obesity and cardiovascular diseases has led to people checking their cholesterol level which is the primary restraint of this market because cheese powder increases cholesterol levels in the body.
Asia Pacific Cheese Powder Market: Segmentation By Type Cheddar Mozzarella Parmesan American Blue By Application Bakery and confectionery Sweet & Savoury Snacks Sauces Dressings Dips & Condiments Ready Meals By Geography Asia-Pacific o China o India o Japan o Australia o South Korea
Asia Pacific Cheese Powder Market: Overview In 2016, by type cheddar cheese was the market leader and is expected to retain its lead by the end of 2022. Parmesan cheese is predicted to grow with the highest CAGR in the aforementioned forecast period. Japan accounted for nearly a quarter of the market share in 2016, making it the largest market in the Asia Pacific region. It is predicted to retain the lead in the aforementioned forecast period. China is the second largest market closely tailed by India. India is poised for a high growth trajectory in the forecast period.
Asia Pacific Cheese Powder Market: Key Players Key players in the market include Land OLakes, Inc., Kanegrade Limited, Archer Daniels Midland Company. Other players in the market include Kraft Foods Group, Inc., Lactosan A/S, Kerry Group Plc, and DairiConcepts, LP.
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