HOME Top Market Reports Cheese Powder Market by Type (Cheddar, Mozzarella, Parmesan, American, and Blue), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals), and Region – Global Forecast to 2022

Cheese Powder Market by Type (Cheddar, Mozzarella, Parmesan, American, and Blue), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals), and Region – Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: FB 4152

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[152 Pages Report] The cheese powder market was valued at USD 406.6 million in 2016 and is projected to grow at a CAGR of 6.8% from 2016, to reach a value of 604.1 million by 2022. The basic objective of the report is to define, segment, and project the global market size of the cheese powder market on the basis of type, application, and region. It also helps to understand the structure of the cheese powder market by identifying various segments. The other objectives include analyzing the opportunities in the market for the stakeholders, providing the competitive landscape of the market trends, and projecting the size of the cheese powder market and its submarkets, in terms of value (USD Million) and volume (KT).

This research study involved the extensive use of secondary sources, which included directories and databases—such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva, to identify and collect information useful for a technical, market-oriented, and commercial study of the cheese powder market. The primary sources include industry experts from the core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies; and organizations related to all the segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the cheese powder market.

Cheese Powder Market

To know about the assumptions considered for the study, download the pdf brochure

Key participants in the cheese powder market are the cheese powder manufacturers, suppliers, and regulatory bodies. The key players that are profiled in the report include Land O’Lakes, Inc. (US), Kraft Foods Group, Inc. (US), Lactosan A/S (Denmark), Kerry Group plc (Ireland), DairiConcept (US), Archer Daniel Midland (US), Aarkay Food Products (India), All American Foods (US), Commercial Creamery Company (US), and Kanegrade Limited (UK).

This report is targeted at the existing players in the industry, which include the following:

  • Regulatory and research organizations
    • Food additive associations and organizations such as the US Food and Drug Administration, (FDA), the European Food Safety Authority (EFSA), the US Department of Agriculture (USDA), and Food Standards Australia New Zealand (FSANZ)
    • Associations and industry bodies (the World Health Organization (WHO) and the Institute of Food and Agricultural Sciences (IFAS))
    • Government agencies and NGOs
    • Food safety agencies
  • Dairy associations and industrial bodies
  • Raw material suppliers and distributors
  • Dairy traders, distributors, and dealers
  • Food manufacturers
  • Biotechnology-based organizations
  • Cheese powder manufacturers
  • Research and consulting firms

“The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.”

Scope of the Report

On the basis of cheese type, the cheese powder market has been segmented as follows:

  • Cheddar
  • Swiss
  • Mozzarella
  • Parmesan
  • American
  • Blue
  • Others (swiss cheese, ricotta cheese, romano cheese, and gouda cheese)

On the basis of application, the cheese powder market has been segmented as follows:

  • Bakery & confectionery
  • Sweet & savory snacks
  • Sauces, dressings, dips, and condiments
  • Ready meals
  • Others (creams and desserts, processed meat and egg products, and side dishes)

On the basis of region, the cheese powder market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific

Available Customization

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs.

The following customization options are available for the report:

Segment Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of Asia Pacific cheese powder market, by country
  • Further breakdown of the Rest of Europe cheese powder market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Rising demand for convenience food and growing fast food industry to drive the global cheese powder demand to touch USD 604.1 million by 2022

Cheese powder is dried/dehydrated cheese in powdered form which has numerous applications in the manufacturing of food products such as sweet and savory snacks, sauces, dressings, dips, and ready-to-eat meals. They enhance the aesthetic appeal and organoleptic properties to products, such as texture and taste. The most widely used cheese powders in the market are cheddar, mozzarella, parmesan, American cheese, and blue cheese.

The global cheese powder market is projected to reach USD 604.1 million by 2022, at a CAGR of 6.82% from 2016 to 2022. The demand for cheese powder is expected to grow, owing to the growth of the fast food industry, globally. The changing dietary preferences of people have led to a significant rise in the consumption of convenience and fast food worldwide, which, in turn, is projected to increase the demand for cheese powder.

Stringent labelling policies and regulations act as the major challenge for the market

The US Government has stringent policies for the labeling of packages containing cheese products. While packaging cheese products, the label must contain the accurate process through which the cheese has been processed and manufactured, such as ‘pasteurized’, ‘processed’, or ‘blended’. It is also necessary that any cheese made from vegetables/ fruits/ meat should be labeled by these items. The regulation states that there should also be a standard font size on the labels, making it easily readable to the consumers. Adhering to various labeling regulations may increase the cost of packaging and labeling, which, in turn, affects the price of the final products. This can lead to low acceptance by consumers, which poses as a challenge for the cheese powder market.

Cheese Powder Market

The demand for cheese powder is high in the region, owing to the rising consumption of fast food among people. Kraft Foods Group, Inc. (US) is one of the major producers of cheese powder in the US, and supplies cheese powder to the food manufacturing industry. In 2016, Europe and North America are collectively estimated to account for more than 70% of the global cheese powder production. Countries such as the US and those in the European Union are the largest cheese powder exporters in the world.

Market Dynamics

Cheese Powder Market

Leading cheese powder manufacturers are developing innovative solutions for existing and new applications to drive the industry forward

Bakery & Confectionery

Cheese powder is used to manage the rheology of ingredients during the baking process, and also adds flavors to bakery products such as savory biscuits, and breads. In confectionery, cheese powder is usually used to enhance the organoleptic qualities of food products by providing a cheesy flavor and texture. The highest demand for confectionery comes from developed regions such as North America. Due to an increase in urbanization and changes in food habits of consumers, the demand for bakery and confectionery items with cheese flavors is rising in developing countries such as India, Brazil, and South Africa.

Cheese Powder Market

Sweet and savory snacks

Cheese powder is widely used in sweet and savory snacks to induce the cheesy flavor, and to provide a richer mouthfeel. Cheese powder is used in snacks such as popcorn, chips, nachos, and puffed snacks. Some of the popular brands of snacks that use cheese flavors include Cheetos and Doritos. Cheese powder offers better functionality and taste over other flavors, and better convenience for use in a range of snack products. Rising preference for convenience and fast foods, along with the rising consumption of snacks worldwide, is driving the demand for cheese powder in various snacks.

Sauces, dressings, dips and condiments

Cheese powder imparts an enhanced cheese flavor to sauces, dressings, dips, and condiments. This can be done with the use of a single cheese flavor or a mix of many cheese flavors. The use of cheese powder also offers better taste, convenience, and functionality in recipes where high-temperature cooking is required. With the rapidly rising demand for fast foods in Asia Pacific, the demand for cheese powder in sauces, dressings, dips, and condiments is likely to grow at the highest rate, in this region in the future.

Ready meals

Cheese powder is used in ready meals to add a specific cheese flavor to a meal or to enhance its existing flavor. With the growingly busy lifestyles of consumers, the popularity of ready meals is rising in developed countries such as the US, Germany, the UK, and others. This has boosted the demand for cheese powder in ready meals across regions.

Other foods

Other cheese powder applications include processed meat and egg products, creams and desserts, and side dishes. Cheese powder is used as seasoning or as an ingredient in a range of food products. Due to innovative product offerings from cheese powder manufacturers, its applicability is increasing and is likely to cover a broader range of products in the future.

Key questions

  • With parmesan cheese powder expected to gain more traction, how will this affect the food industry in the next five years?
  • What will be the prominent revenue-generating pockets for the market in the next five years?
  • Most of the suppliers have opted for expansion and mergers & acquisition as key strategies, as could be seen from the recent developments. Where will it take the industry in the mid to long term?
  • What are the upcoming substitutes and trends that will have a significant impact on the market in the future?

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Periodization Considered for the Study
    1.5 Currency
    1.6 Units
    1.7 Stakeholders
    1.8 Limitations

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Macro-Economic Indicators
           2.2.1 Developing Economies
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Global Cheese Powder Market
    4.2 Cheese Powder Market Size, By Region
    4.3 North America Cheese Powder Market, By Country and By Application
    4.4 Cheese Powder Market, By Type (Value & Volume)
    4.5 Market, By Application
    4.6 Cheese Powder Market: Major Countries

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Type
           5.2.2 Application
           5.2.3 Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Demand for Convenience Food
                    5.3.1.2 Growing Fast Food Industry
           5.3.2 Restraints
                    5.3.2.1 Rising Awareness Regarding the Ill-Health Effects of Cheese
           5.3.3 Opportunities
                    5.3.3.1 Rising Awareness About Cheese Powder
                    5.3.3.2 Rapidly Growing Market of Processed and Packaged Food in Developing Countries
           5.3.4 Challenges
                    5.3.4.1 Labelling Regulations

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Intensity of Competitive Rivalry
           6.3.2 Bargaining Power of Suppliers
           6.3.3 Bargaining Power of Buyers
           6.3.4 Threat of Substitutes
           6.3.5 Threat of New Entrants
    6.4 Export-Import Data
    6.5 Product Innovations in Cheese Powder

7 Cheese Powder Market, By Type (Page No. - 51)
    7.1 Introduction
    7.2 Cheddar
    7.3 Mozzarella
    7.4 Parmesan
    7.5 American Cheese
    7.6 Blue Cheese
    7.7 Other Cheese Types

8 Cheese Powder Market, By Application (Page No. - 66)
    8.1 Introduction
    8.2 Bakery & Confectionery
    8.3 Sweet & Savory Snacks
    8.4 Sauces, Dressings, Dips, and Condiments
    8.5 Ready Meals
    8.6 Other Foods

9 Brand Overview (Page No. - 78)
    9.1 Introduction
    9.2 Pro Mix
    9.3 Land O'lakes, Inc.
    9.4 Chees-Treme and Chez-Tone
    9.5 Kraft
    9.6 Dairiconcepts and Supernatural Concentrates
    9.7 Wild Flavors and Specialty Ingredients
    9.8 Lactosan
    9.9 Aarkay
    9.10 Commercial Creamery

10 Cheese Powder Market, By Region (Page No. - 81)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 U.K.
             10.3.5 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 Australia & New Zealand
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 South Africa
             10.5.4 Other Countries in RoW

11 Competitive Landscape (Page No. - 117)
     11.1 Overview
     11.2 Key Players Ranking
     11.3 Competitive Situations & Trends
             11.3.1 Expansions
             11.3.2 Mergers & Acquisitions
             11.3.3 New Product Launches

12 Company Profiles (Page No. - 121)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     12.1 Land O'lakes, Inc.
     12.2 Kerry Group PLC
     12.3 Kraft Foods Group, Inc. (Kraft Heinz Company)
     12.4 Archer Daniels Midland Company
     12.5 Lactosan A/S
     12.6 Aarkay Food Products Ltd.
     12.7 All American Foods
     12.8 Commercial Creamery Company
     12.9 Kanegrade Limited
     12.10 Dairiconcepts, L.P.

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Organizations Governing Cheese Powder Market (Page No. - 143)
     13.1 Overview
     13.2 The Food and Drug Administration (FDA) in the U.S.
     13.3 U.S. Customs and Border Protection
     13.4 General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ)
     13.5 Food Standards Australia New Zealand (FSANZ)
     13.6 European Food Safety Authority (EFSA)
     13.7 The European Union is Characterized By Strict Regulations for Novel and Genetically Modified Food. .

14 Appendix (Page No. - 145)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (91 Tables)

Table 1 Export-Import Data for Grated Or Powdered Cheese (Hs: 040620), 2015
Table 2 Market Size, By Type, 2015–2022 (USD Million)
Table 3 Market Size, By Type, 2015–2022(KT)
Table 4 Cheddar Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 5 Cheddar Market Size, By Region, 2015–2022(KT)
Table 6 Mozzarella Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 7 Mozzarella Market Size, By Region, 2015–2022(KT)
Table 8 Parmesan Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 9 Parmesan Market Size, By Region, 2015–2022(KT)
Table 10 American Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 11 American Market Size, By Region, 2015–2022(KT)
Table 12 Blue Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 13 Blue Market Size, By Region, 2015–2022(KT)
Table 14 Other Cheese Types Market Size, By Region, 2015–2022 (USD Million)
Table 15 Other Cheese Types Market Size, By Region, 2015–2022(KT)
Table 16 Market Size, By Application, 2015–2022 (USD Million)
Table 17 Market Size, By Application, 2015–2022(KT)
Table 18 Cheese Powder in Bakery & Confectionery Market Size, By Region, 2015–2022 (USD Million)
Table 19 Cheese Powder in Bakery & Confectionery Market Size, By Region, 2015–2022(KT)
Table 20 Cheese Powder in Sweet & Savory Snacks Market Size, By Region, 2015–2022 (USD Million)
Table 21 Cheese Powder in Sweet & Savory Snacks Market Size, By Region, 2015–2022(KT)
Table 22 Cheese Powder in Sauces, Dressings, Dips, and Condiments Market Size, By Region, 2015–2022 (USD Million)
Table 23 Cheese Powder in Sauces, Dressings, Dips, and Condiments Market Size, By Region, 2015–2022(KT)
Table 24 Cheese Powder in Ready Meals Market Size, By Region, 2015–2022(USD Million)
Table 25 Cheese Powder in Ready Meals Market Size, By Region, 2015–2022(KT)
Table 26 Cheese Powder in Other Foods Market Size, By Region, 2015–2022(USD Million)
Table 27 Cheese Powder in Other Foods Market Size, By Region, 2015–2022(KT)
Table 28 Cheese Powder Market Size, By Region, 2015–2022 (USD Million)
Table 29 Market Size, By Region, 2015–2022(KT)
Table 30 North America: Cheese Powder Market Size, By Country, 2015–2022 (USD Million)
Table 31 North America: Market Size, By Country, 2015–2022(KT)
Table 32 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 33 North America: Market Size, By Type, 2015–2022(KT)
Table 34 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 35 North America: Market Size, By Application, 2015–2022(KT)
Table 36 U.S.: Cheese Powder Market Size, By Application, 2015–2022 (USD Million)
Table 37 U.S.: Market Size, By Application, 2015–2022(KT)
Table 38 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 39 Canada: Market Size, By Application, 2015–2022(KT)
Table 40 Mexico: Market Size, By Application, 2015–2022 (USD Million)
Table 41 Mexico: Market Size, By Application, 2015–2022(KT)
Table 42 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 43 Europe: Market Size, By Country, 2015–2022(KT)
Table 44 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 45 Europe: Market Size, By Type, 2015–2022(KT)
Table 46 Europe: Cheese Powder Market Size, By Application, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Application, 2015–2022(KT)
Table 48 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 49 Germany: Market Size, By Application, 2015–2022(KT)
Table 50 France: Market Size, By Application, 2015–2022 (USD Million)
Table 51 France: Market Size, By Application, 2015–2022(KT)
Table 52 Italy: Market Size, By Application, 2015–2022 (USD Million)
Table 53 Italy: Market Size, By Application, 2015–2022(KT)
Table 54 U.K.: Market Size, By Application, 2015–2022 (USD Million)
Table 55 U.K.: Market Size, By Application, 2015–2022(KT)
Table 56 Rest of Europe: Cheese Powder Market Size, By Application, 2015–2022 (USD Million)
Table 57 Rest of Europe: Market Size, By Application, 2015–2022(KT)
Table 58 Asia-Pacific: Market Size, By Country, 2015-2022 (USD Million)
Table 59 Asia-Pacific: Market Size, By Country, 2015-2022(KT)
Table 60 Asia-Pacific: Market Size, By Type, 2015-2022 (USD Million)
Table 61 Asia-Pacific: Market Size, By Type, 2015-2022(KT)
Table 62 Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 63 Asia-Pacific: Market Size, By Application, 2015-2022(KT)
Table 64 China: Cheese Powder Market Size, By Application, 2015-2022 (USD Million)
Table 65 China: Market Size, By Application, 2015-2022(KT)
Table 66 India: Market Size, By Application, 2015-2022 (USD Million)
Table 67 India: Market Size, By Application, 2015-2022(KT)
Table 68 Japan: Market Size, By Application, 2015-2022 (USD Million)
Table 69 Japan: Market Size, By Application, 2015-2022(KT)
Table 70 Australia: Cheese Powder Market Size, By Application, 2015-2022 (USD Million)
Table 71 Australia & New Zealand: Market Size, By Application, 2015-2022(KT)
Table 72 Rest of Asia-Pacific: Market Size, By Application, 2015-2022 (USD Million)
Table 73 Rest of Asia-Pacific: Market Size, By Application, 2015-2022(KT)
Table 74 RoW: Market Size, By Country, 2015–2020 (USD Million)
Table 75 RoW: Market Size, By Country, 2015–2020(KT)
Table 76 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 77 RoW: Market Size, By Type, 2015-2022(KT)
Table 78 RoW: Market Size, By Application, 2015-2022 (USD Million)
Table 79 RoW: Market Size, By Application, 2015–2020(KT)
Table 80 Brazil: Cheese Powder Market, By Application, 2015–2022 (USD Million)
Table 81 Brazil : Market, By Application, 2015–2022(KT)
Table 82 Argentina: Market, By Application, 2015–2022 (USD Million)
Table 83 Argentina: Market, By Application, 2015–2022(KT)
Table 84 South Africa: Market, By Application, 2015–2022 (USD Million)
Table 85 South Africa: Market, By Application, 2015–2022(KT)
Table 86 Others in RoW: Market, By Application, 2015-2022 (USD Million)
Table 87 Others in RoW: Market, By Application, 2015-2022(KT)
Table 88 Top Five Companies in the Cheese Powder Market, 2015
Table 89 Expansions, 2011-2016
Table 90 Mergers & Acquisitions. 2011-2016
Table 91 New Product Launches, 2011-2016


List of Figures (51 Figures)

Figure 1 Market Segmentation
Figure 2 Cheese Powder Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 GDP Annual Growth %
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown & Data Triangulation
Figure 8 Sauces, Dressings, Dips, and Condiments to Be the Largest Application of Cheese Powder Globally, in Terms of Value, Through 2022
Figure 9 Cheddar is Estimated to Lead the Market Through 2022
Figure 10 Asia-Pacific Cheese Powder Market to Grow at the Highest CAGR From 2016 to 2022
Figure 11 Attractive Growth Opportunities in Market for Manufacturers Between 2016 & 2022
Figure 12 Asia-Pacific to Grow at the Fastest Rate During the Forecast Period in Volume Terms
Figure 13 U.S. is Estimated to Account for the Largest Share in the Global Market in 2016
Figure 14 Cheddar Cheese Segment to Dominate the Market in Terms of Value and Volume Throughout the Forecast Period
Figure 15 Sauces, Dressings, Dips and Condiments Segment is Estimated to Dominate this Market in Terms of Volume Across All Regions in 2016
Figure 16 U.S. to Account for the Largest Share in the Country-Level Market, in Terms of Value (2016–2022)
Figure 17 Cheese Powder Market Segmentation
Figure 18 Market Segmentation, By Type
Figure 19 Market Segmentation, By Application
Figure 20 Market Segmentation, By Region
Figure 21 Rapid Growth in the Convenience Food and Fast Food Industries to Drive the Growth of the Global Market
Figure 22 U.S. Fast Food Industry Growth, 2002–2015
Figure 23 Cheese Powder Market: Value Chain Analysis
Figure 24 Cheese Powder Market: Porter’s Five Forces Analysis
Figure 25 Cheese Powder Market, By Type
Figure 26 Cheddar Cheese Segment Estimated to Account for the Largest Market Size in 2016
Figure 27 Cheddar Cheese Powder Market Size, By Region, 2016 vs 2022 (USD Million)
Figure 28 North America to Lead the Global Mozzarella Cheese Powder Market From 2016 to 2022
Figure 29 Europe to Lead the Parmesan Cheese Powder Market From 2016 to 2022
Figure 30 North America is Projected to Lead the American Cheese Powder Market By 2022
Figure 31 North America is Projected to Lead the Global Blue Cheese Powder Market By 2022
Figure 32 North America is Projected to Lead the Market for Other Types of Cheese Powders By 2022
Figure 33 Cheese Powder Market, By Application
Figure 34 Ready Meals Segment to See the Fastest Growth During the Forecast Period
Figure 35 North America to Lead the Bakery & Confectionery Segment During the Forecast Period
Figure 36 Cheese Powder in Sweet & Savory Snacks in North America to Lead the Market Between 2016 & 2022
Figure 37 North America is Projected to Lead the Market for Cheese Powder in Sauces, Dressings, Dips, and Condiments, 2016 to 2022
Figure 38 Cheese Powder Market for Ready Meals in Asia-Pacific Region to Grow at Highest Rate Between 2016 & 2022
Figure 39 North America Projected to Lead the Market for Cheese Powder in Other Foods, 2016 to 2022
Figure 40 North America Cheese Powder Market Snapshot
Figure 41 Asia-Pacific: Cheese Powder Market Snapshot
Figure 42 Key Companies Preferred Strategies Such as Expansions & Acquisitions From 2011 to 2016
Figure 43 2014 Was the Most Active Year in the Market
Figure 44 Land Olakes, Inc.: Company Snapshot
Figure 45 SWOT Analysis
Figure 46 Kerry Group PLC: Company Snapshot
Figure 47 Kerry Group PLC: SWOT Analysis
Figure 48 Kraft Foods Group, Inc. (Kraft Heinz Company): Business Overview
Figure 49 SWOT Analysis
Figure 50 Archer Daniels Midland Company: Company Snapshot
Figure 51 Archer Daniels Midland Company: SWOT Analysis

The cheese powder market was valued at USD 406.6 million in 2016 and is projected to grow at a CAGR of 6.82%, to reach USD 604.1 million by 2022. Cheese powder has witnessed significant demand in recent years due to the increase in the size of the convenience & fast food industry and focus of cheese powder manufacturers on developing innovative offerings. The growth rate in the fast food industry is experiencing a surge due to the changing lifestyles of individuals around the globe. However, increasing awareness pertaining to the adverse effects of cheese on the health of consumers, such as obesity, high cholesterol levels, and heart problems are posing significant challenges in the market.

Based on type, the market is segmented as cheddar, mozzarella, parmesan, American cheese, blue cheese, and other cheese types. The consumers are increasingly demanding fresh and authentic flavors, natural ingredients, and prefer spending on high-quality soups, sauces, and dressings for better taste, texture, and appearance. This has led to an increased demand for parmesan cheese powder in soups, sauces, and dressings industry due to its authentic taste. The shift toward a healthy lifestyle among consumers has resulted in increased consumption of salads, which use dressings and coatings. Due to these factors, the demand for parmesan cheese powder is projected to increase during the forecast period.

Based on application, cheese powder is segmented as bakery & confectionery, sweet & savory snacks, sauces, dressing, dips and condiments, ready meals, and other foods. The sauces, dressings, dips, and condiments segment is estimated to be the largest market share in 2016.  Sauces produced by using cheese powder are widely consumed with pasta, vegetables, pizza, and casseroles. With the increasing consumption for fast food in Asia Pacific, the demand for cheese powder in sauces, dressings, dips, and condiments is projected to grow at the highest rate in this region over the coming years.

The Asia Pacific region is projected to witness the fastest growth in the global cheese powder market. The expansion of the middle-class population, the rapid growth of the fast food industry, increase in the disposable income, rapid urbanization, and change in the dietary preferences of consumers in major markets, such as China, India, and Australia have led to an increased demand for cheese powder in the region.

India and Australia are the largest producers of milk in the region and the socio-economic conditions of these countries offer lucrative growth opportunities to cheese powder manufacturers. Key players in the market are focusing on establishing their position in developing regions and strengthening their distribution networks through strategies such as mergers & acquisitions, partnerships, joint ventures, and collaborations.

Cheese Powder Market

Labeling regulations are one of the major challenges faced by the cheese market. The demand for accurate labeling, listing the names of all the ingredients in the product and specifying the details of the ingredients and their nutrient content is increasing due to the growing health concerns among consumers. The US government has imposed stringent policies for labeling packages that contain cheese products. While packaging cheese products, the label must contain details of the accurate process, through which the cheese has been processed and manufactured, such as ‘pasteurized,’ ‘processed,’ and ‘blended.’ Adhering to these labeling regulations can increase the cost of packaging and labeling, which in turn, affects the price of the final products. This discourages the customers to purchase these products, due to which they prefer opting for alternative options. These factors pose a significant challenge to the growth of the powdered cheese market.

Key players such as include Land O’Lakes, Inc. (US), Kraft Foods Group, Inc. (US), Kerry Group plc (Ireland), DairiConcept (US), and Archer Daniel Midland (US) have a strong presence in the Americas, followed by the Asia-Pacific region. These companies are focusing on strategizing their growth plans to expand their operations in the cheese powder market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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