Cheese Powder Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cheese Powder Market Analysis
The global cheese powder market is projected to register a CAGR of 7.1% during the forecast period 2022-2027.
The COVID-19 pandemic adversely affected several industries all over the world, including the cheese power industry. During the pandemic, consumers became health-conscious and shifted their preference toward healthy and organic products. The pandemic affected the global economy in several ways such as hampering supply chains and demand for products and affecting the production and manufacturing of cheese powder. As a result, market players started focusing on online retail channels. For instance, in 2020, DFA Ingredient Solutions, a business division of Dairy Farmers of America, unveiled an e-commerce store to enable manufacturers to order dairy ingredients.
Cheese powder is a substitute for hard cheese, due to its convenience in handling, shelf life, and storage. Manufacturers are introducing new flavors of cheese powder in order to gain a higher market share. Cheese powders are marketed as reduced-fat or reduced-sodium products, with low-fat and low-salt cheese being the cheese ingredients. The cheese powder market is led by the cheddar cheese segment, followed by mozzarella cheese. Its demand is increasing from convenience food manufacturers due to an increased demand for its flavor in various food products. Soups, sauces, dips, and condiments are the leading segments in terms of demand.
Cheese Powder Market Trends
This section covers the major market trends shaping the Cheese Powder Market according to our research experts:
Growing Application of Cheese in the Food and Beverage Industry
The product finds a spectrum of applications in the food and beverage industry. The preference of consumers for convenience foods is augmenting the demand for the product. In addition to this, the longer shelf life of the product makes it the prime choice for packaged food items. Furthermore, the ability of cheese powder to impart good taste and flavor accounts for its demand. Moreover, consumers' awareness of the nutrient value of the product, like high protein and vitamin content and low calories, is another factor expected to augment the growth of the market. Additionally, manufacturers are trying to offer better product quality and flavors, along with attractive and durable packaging, in order to augment the growth and scope of their business.
North America Holds Prominent Share in the Market
The North American region is estimated to account for a major share during the forecast period owing to the immense popularity of convenience food products as well as ready-to-eat meals among consumers as a result of busy work schedules. Moreover, dairy product intake on a large scale along with shifting demographics, hectic lifestyles, and easy access to new food and dairy technologies has boosted the growth of the cheese powder market in the European region. Moreover, an increase in the per capita income of consumers coupled with inflating intake of dairy items as well as altering food preferences is expected to drive the market's growth in the Asia-Pacific region. Additionally, a rise in the number of food stalls and outlets in countries such as China, India, and Japan is expected to provide a boost to the regional market's growth.
Cheese Powder Industry Overview
The global cheese powder market is highly competitive, with the presence of some key players. The demand for natural ingredients and fresh and authentic flavors is increasing as customers are preferring to spend more money on quality sauces, dressings, and soups for enhanced appearance, texture, and taste. The sauces, soups, and dressings industry has augmented the demand for parmesan cheese powder as it offers an authentic taste. The key strategies adopted by companies to gain higher revenues are new launches, expansions, acquisitions, and mergers. For instance, in 2020, Uhrenholt partnered with DKSH, a Swiss holding company specializing in market expansion services. Some of the major players in the cheese powder market are Dairi Concepts, Kerry Group, ADM, Blue Grass Dairy, and All American Foods, among others.
Cheese Powder Market Leaders
Kerry Group
All American Foods
Blue Grass Dairy
Lactosan A/S
Aarkay Food Products Ltd.
*Disclaimer: Major Players sorted in no particular order
Cheese Powder Market News
In 2021, Aarkay Food Products Ltd launched a new range of cheese powders under its High Purity/Pure Cheese Powder Category, targeting dips, mayo, and condiment sauces in Gujarat, India.
In 2021, ADM, a global leader in nutrition and agricultural origination and processing, announced that it had completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients, thus, strengthening its plant based-protein capabilities in Chicago, United States.
In 2021, Land O'Lakes Global Dairy Ingredients launched organic white cheddar cheese powders. This new trial offering seeks to expand customer relationships.
Cheese Powder Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Cheddar
5.1.2 Parmesan
5.1.3 Mozzarella
5.1.4 Other Product Types
5.2 By Application
5.2.1 Bakery and Confectionery
5.2.2 Sweet and Savory Snacks
5.2.3 Sauces, Dressings, and Dips and Condiments
5.2.4 Ready Meals
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Dairi Concepts LP
6.4.2 Kerry Group
6.4.3 All American Foods
6.4.4 ADM (WILD Flavors and Specialty Ingredients)
6.4.5 Blue Grass Dairy
6.4.6 Lactosan AS
6.4.7 Kanegrade Ltd
6.4.8 Aarkay Food Products Ltd
6.4.9 Land O'lakes Inc.
6.4.10 Kraft Foods Group Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Cheese Powder Industry Segmentation
Cheese powder is made by dehydrating the hard cheese. The cheese powder market is segmented by product type into cheddar, parmesan, mozzarella, and other product types. On the basis of application, the market is segmented into bakery and confectionery, sweet and savory snacks, sauces, dressings, dips and condiments, ready meals, and other applications, and by geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Product Type | |
| Cheddar | |
| Parmesan | |
| Mozzarella | |
| Other Product Types |
| By Application | |
| Bakery and Confectionery | |
| Sweet and Savory Snacks | |
| Sauces, Dressings, and Dips and Condiments | |
| Ready Meals | |
| Other Applications |
| Geography | |||||||||
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Cheese Powder Market Research FAQs
What is the current Cheese Powder Market size?
The Cheese Powder Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Cheese Powder Market?
Kerry Group, All American Foods, Blue Grass Dairy, Lactosan A/S and Aarkay Food Products Ltd. are the major companies operating in the Cheese Powder Market.
Which is the fastest growing region in Cheese Powder Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cheese Powder Market?
In 2024, the North America accounts for the largest market share in Cheese Powder Market.
What years does this Cheese Powder Market cover?
The report covers the Cheese Powder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cheese Powder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cheese Powder Industry Report
Statistics for the 2024 Cheese Powder market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cheese Powder analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
