The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028.
The consumption pattern of cheese is observed to shift from the traditional way to more advanced and innovative way such as consumption of low fat and low sodium cheese powders which would impart more flavor to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years.
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Consumption of cheese in the European market is saturated, major players in the region are focusing on research & development to introduce new categories of cheese and cheese applications. Cheese powder offers more applicability and higher shelf-life, which makes it popular for application in a wide range of food products. The economic crisis in the region has led to declined purchasing power of people, which has reduced the demand for cheese in the region. This has in turn resulted in a reduced demand for cheese powder.
Lactosan A/S (Denmark) is one of the major suppliers and manufacturers of cheese powder in Europe. Kerry Group plc (Ireland) is also one of the key players in the cheese powder industry, with its base in Europe.
LAND O’LAKES, INC. (US)
Land O'Lakes, Inc. is a well-established farmer- and retailer-owned cooperative that was originally founded with the aim of collaborating to create new market opportunities. The company produces dairy products, animal feed and crop seed in the US. In 1921, it was formed as a cooperative designed to meet the needs of dairy farmers located in the midwestern US. It operates our business through three primary segments: dairy foods, animal feed and crop seed. The company also includes other segments and a diverse group of joint ventures and investments.
The dairy foods business segment of Land O'Lakes is responsible for offering products related to the cheese powder market. Within this segment, Land O'Lakes produces, markets, and sells an array of dairy products, including butter, spreads, cheese, and other related items. These products are marketed under the brand name "Land O Lakes” Ingredients. The company currently operates in US only.
KERRY GROUP PLC (Ireland)
Kerry Group Plc is a leading manufacturer of food ingredients and flavors. It is engaged in the manufacturing and marketing of food ingredients and flavors for the food, beverage, and pharmaceutical industries. The company operates through two business segments: ingredients & flavors and consumer foods. Kerry offers a wide array of food ingredients for food processing centers and markets globally. Its product portfolio also consists of coating systems, sweet ingredients, fruit preparations, cheese & dairy ingredients, and functional dairy & confectionary ingredients needed by the food processing and service industries. The group offers its products under the brand names of Mattessons, Richmond, Wall’s, Ballyfree, Denny, Homepride, Dawn, and Kelly Spring.
The group supplies more than 18,000 consumer foods, food ingredients, and flavor products to customers in 140 countries across Europe, Middle East, and Africa (EMEA); the Americas; and Asia-Pacific. The group has 147 manufacturing facilities in 25 countries.
FONTERRA CO-OPERATIVE GROUP LIMITED (New Zealand)
Fonterra Co-operative Group Limited, commonly known as Fonterra, is a leading global dairy co-operative based in New Zealand. The company's dairy ingredients and solutions brand, NZMP (New Zealand Milk Products), has gained international recognition and stands as a testament to Fonterra's expertise in the dairy industry. Fonterra's NZMP brand boasts a vast international footprint, with offices in 14 global locations and a strong reseller network. With customers in over 130 countries, NZMP holds the distinction of being the world's leading dairy exporter.
Apart from New Zealand, Fonterra has a significant presence in various key regions like North America, Europe, and Asia Pacific. In Australia, NZMP processes around 20% of the country's milk, making it a substantial contributor to the dairy industry in the region. In Europe, the company's specialized team produces high-quality ingredients and mozzarella, leveraging the Netherlands' strategic location. Moreover, through its joint venture, Columbia River Technologies (CRT), Fonterra produces Grade A Whey Ingredients sourced from the US, catering to the North American market.
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. It operates through four segments- Agriculture services & oilseed: activities related to the agricultural raw material origination, marketing, transportation, and storage, as well as crushing and further processing of oilseeds; Carbohydrate solutions: engaged in corn and wheat wet and dry milling and other activities; Nutrition: offers Food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food are all served by the Nutrition segment. Plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients are among the ingredients and solutions manufactured, sold, and distributed by this segment; and others segment: Other Business includes the Company’s remaining operations such as Investor Services, Insurance activities and more.
The company offers cheese powder from the nutrition business segment, which is further categorized as human nutrition and animal nutrition subsegments. It operates in more than 170 countries globally and has 44 innovation centers, around 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and feed sectors. The company has a presence across Europe, Asia Pacific, Africa, South America, and North America.
Cheese Powder Market by Type (Cheddar, Mozzarella, American Cheese, Blue Cheese, Parmesan), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips, and Condiments, Ready Meals), Origin and Region - Global Forecast to 2028
Mr. Aashish Mehra
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