Key players identified in the cheese powder market include Land O’Lakes, Inc. (U.S.), Kerry Group Plc (Ireland), Kraft Foods Group, Inc. (U.S.), and Lactosan A/S (Denmark). Other players such as Aarkay Food Products Ltd. (India), DairiConcepts (U.S.), Archer Daniels Midland Company (U.S.), All American Foods (U.S.), Commercial Creamery Company (U.S.), and Kanegrade (U.K.) also have a strong presence in the global cheese powder market.
Expansions and mergers & acquisitions were the most preferred growth strategies adopted by companies in the cheese powder market. Key market players also adopted strategies such as new product developments, joint ventures, partnerships, and collaborations of business operations to meet the changing food demand. The leading players are focusing on strengthening their R&D capabilities by investing in advanced technologies to offer diversified product portfolios for different applications, particularly in the processed and convenience food industry. Market leaders such as Lactosan A/S (Denmark), Land O’Lakes, Inc. (U.S.), Kerry Group Plc (Ireland), and Kraft Foods Group, Inc. (U.S.) have successfully tapped the potential markets through acquisitions and expansions. The key companies focus on introducing and offering a wide range of cheese powders for various applications in food processing and manufacturing to maintain their position in the market.
Lactosan A/S is a part of Lactosan Sanovo Ingredients group specializing in the dairy and egg business. It mainly produces cheese powder for various applications such as savory snacks, biscuits, bakery goods, and sauces. It markets and distributes its products through its sales network in Denmark, the U.K., Russia, Japan, China, and Uruguay. Lactosan A/S adopted expansions and new product launches as its business strategy to increase its capacity of cheese powder products warehousing and also to produce cheese powders with added benefits based on customers’ changing lifestyle and preferences. In May 2014, Lactosan launched a new “Green Food” line of cheese powders in the market. The “Green Food” line of cheese powders without emulsifying salt was developed to meet the rise in demand for ‘foods with no additives’.
Land O’Lakes, Inc. is a U.S.-based company, which is among the fortune 500 companies of the world. It primarily operates in Consumer, Foodservice and Dairy Ingredients, WinField Solutions, and Animal Nutrition, among others. It is one of the leading companies in dairy technology and manufacturing of dairy-based food products in the U.S. and apart from consumer products, it also offers a range of food ingredients for its application in the food & beverage industry. Land O’Lakes, Inc. has adopted acquisitions as its business strategy to focus on the agricultural industry and to strengthen its position in the agribusiness in the U.S. In February 2015, Land O’Lakes, Inc. acquired assets of FLM+ (U.S.), a leading marketing communication and consulting firm in agricultural and rural business. This would help both companies to offer better services to the agricultural industry.
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
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