(Food-Beverage-News.Com, January 16, 2018 ) The Global Cheese Powder Market was worth USD 437 million in 2016 and is estimated to be growing at a CAGR of 6.73%, to reach USD 605.22 million by 2021.
The market is subject to a steady growth and has evident potential in the mentioned forecasting period. Cheese powder is basically dehydrated cheese. Although cheese powder can be made in a number of ways, but the most common viable technique is to melt fresh, whole cheese and spray it through a hot dryer, producing a thick, velvety powder that can then be added to bread and sauces, popcorns and, to our surprise can also be added to homemade cheese recipes. The nature of cheese powder as an additive that can be used in many recipes, boosts the global cheese powder market.
Cheese powder in cheese recipes is ordinarily used for flavour value. Sometimes a cheese, especially one eaten fresh, will taste either bland or pungent, particularly in the case of a goat milk cheese, and the addition of cheese powder can really change the flavour. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The ingredient list should be checked before purchasing cheese powder to avoid chemicals and additives.
The cheese powder market is driven by the rapid growth of fast food chains in the developing economies and also due to the increase in the per capita disposable income. People use cheese powder along with many recipes. The increased shelf life of cheese powder also drives the market forward by being a preferred choice for packaged foods manufacturers. The increased consumption of cheese and cheese related products has increased the market share for cheese powder. The factors restraining the growth of the cheese powder market include the ill-health effects associated with cheese such as obesity, heart problems, and increased cholesterol levels. These issues restrains the growth of the market.
The Global cheese powder market is broadly categorized into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). Based on Application, the market is further segmented into Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals. Cheddar cheese powder accounted for the highest revenue of the overall market and is followed by Mozzarella cheese powder. Parmesan cheese powder is projected to witness high growth rate during the forecast period. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The cheese powder market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the Cheese Powder market, by their products and services include Land O’Lakes, Inc., Kraft Foods Group, Inc., Kanegrade Limited, Archer Daniels Midland Company, Lactosan A/S, Kerry Group Plc, and DairiConcepts, LP.
Market Segmentation Type Introduction Cheddar Mozzarella Parmesan American Blue Y-o-Y Growth Analysis, By Type Market Attractiveness Analysis, By Type Market Share Analysis, By Type
The scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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