Cheese Powder Industry Overview
The global cheese powder market size was estimated at USD 1.10 billion in 2018 and is poised to reach USD 1.83 billion by 2025, progressing at a CAGR of 7.5% during the forecast period.
Cheese trade worldwide and the demand from developed markets remained robust; however, cheese demand and prices from developing markets remained weak according to information provided by the U.S. Dairy Export Council. 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.
Gather more insights about the market drivers, restrains and growth of the Global Cheese Powder Market
Cheese powder manufacturers are focusing on providing personalized flavors in the cheddar cheese powder segment, ranging from sweet and buttery to savory flours. In addition, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings.
Rising consumer focus on nutritional values offered by the product such as low calories and high proteins and vitamins is projected to have a positive impact on the market. However, shift of consumer base towards vegan diet, owing to factors including animal rights and environment protection, is poised to hinder the growth of the market over the forecast period.
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. These products can be fortified with vitamin D, calcium, and DHA, which can improve their nutritional values.
Cheese Powder Market Segmentation
Based on the Application Insights, the market is segmented into snacks, bakery & confectionery, dips/dressings/dry mix/sauces, flavors, ready to eat and others
Based on the Product Insights, the market is segmented into cheddar, parmesan, blue cheese, romano, swiss and others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
Market Share Insights:
Key Companies Profile:
The industry is highly competitive in nature. It offers various opportunities for new entrants owing to continuous shift in consumer preferences and easy raw material availability. Lactosan launched new products in order to increase calcium levels in their offerings, which have six times more nutrients in comparison to other products.
Some prominent players in the global cheese powder market include
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