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3. Cheese Powder Market Size & Share - Future Growth Expectations

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. The cheese powder industry is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe.

The cheese powder market is poised for substantial growth in the coming years, driven by several key factors:

• Increasing Demand for Convenience Foods
• Rising Popularity of Cheese-flavored Snacks
• Expanding Food Industry
• Growing Preference for Natural Ingredients
• Wide Application in Food Products
• Expansion of Retail Channels
• Innovations in Product Development

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

Increasing Demand for Convenience Foods:

• Cheese powder is widely used as a convenient ingredient in various ready-to-eat and convenience food products like snacks, sauces, dressings, and soups.

Rising Popularity of Cheese-flavored Snacks:

• With the growing trend of snacking and the increasing demand for cheese-flavored snacks like popcorn, chips, and crackers, the demand for cheese powder has surged.

Expanding Food Industry:

• The expansion of the food industry, especially in developing regions, has led to increased demand for cheese powder as a flavoring agent and ingredient in food processing.

Growing Preference for Natural Ingredients:

• Consumers are increasingly seeking natural and clean-label products. Cheese powder manufacturers are responding by offering natural and organic cheese powders, thereby attracting health-conscious consumers.

Wide Application in Food Products:

• Cheese powder finds applications in a wide range of food products, including bakery, confectionery, snacks, sauces, dips, and seasonings, which contributes to its market growth.

Expansion of Retail Channels:

• The expansion of retail channels such as supermarkets, hypermarkets, and online platforms has made cheese powder more accessible to consumers, thereby boosting its market growth.

Innovations in Product Development:

• Continuous innovations by manufacturers in terms of product formulations, flavors, and packaging have also contributed to the growth of the cheese powder market by attracting new consumers and retaining existing ones.

Cheese Powder Market Share - Global Industry Landscape

The cheese powder market is characterized by the presence of several key players competing for market share. Some of the leading companies in the cheese powder industry include:

Lactosan A/S (Denmark):

• Lactosan A/S is a major player in the cheese powder market, offering a wide range of cheese powders for various applications such as snacks, seasonings, sauces, and dips. They are known for their high-quality cheese powders made from natural cheese.

Bluegrass Ingredients Inc. (US):

• Bluegrass Ingredients Inc. is a prominent supplier of cheese powder and other dairy ingredients in the United States. They focus on providing customized solutions to meet the specific needs of their customers in the food industry.

Commercial Creamery Company (US):

• Commercial Creamery Company specializes in cheese powder manufacturing, offering a diverse range of cheese flavors and formulations. They are known for their expertise in cheese processing and innovative product development.

All American Foods (US):

• All American Foods is a leading manufacturer of cheese powder and dairy-based ingredients in the United States. They cater to various industries such as foodservice, snack food, and food manufacturing with their high-quality cheese powders.

Givaudan (Switzerland):

• Givaudan is a global leader in the flavor and fragrance industry, including cheese powder production. They offer a wide range of cheese flavors and formulations to enhance the taste and aroma of food products for their clients worldwide.

Arla Foods amba (Denmark):

• Arla Foods amba is one of the largest dairy companies in the world, with a significant presence in the cheese powder market. They produce a variety of cheese powders using high-quality milk from their dairy farms, catering to the needs of both consumers and food manufacturers.

Kanegrade (UK):

• Kanegrade is a well-established supplier of natural food ingredients, including cheese powder, in the United Kingdom. They specialize in creating custom formulations and providing innovative solutions to meet the unique requirements of their clients in the food industry.

Lactalis International (France):

• Lactalis International, a subsidiary of Lactalis Group, is a major player in the global dairy industry, including cheese powder production. They offer a diverse range of cheese powders made from different types of cheese, catering to the needs of food manufacturers worldwide.

Related Reports:

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