The Global Cheese Powder Market is forecasted to grow at a CAGR of 8.2% from 2016 – 2021 with a market value of USD 370.2 million by 2021.
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Global Cheese Powder Market Dynamics
Cheese powders are a substitute for hard cheeses due to its convenience in handling, shelf stability and storage. Manufacturers get a better value by using high-flavored cheese that makes much more flavorful cheese powder. Cheese powder can be marketed as reduced-fat or reduced-sodium by using low-fat and low-salt cheese as the cheese ingredient. Cheese powders are particularly advantageous outside of the U.S., as countries with fewer dairy resources develop western taste buds.
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Global Cheese Powder Market Segmentation
North America accounted for the biggest share in the cheese powder market is followed by Europe and Asia-Pacific. The market for Asia-Pacific region is forecasted to grow at the highest rate with increasing urbanization in developing countries like China, India, Indonesia and Malaysia. The rate of investments from several transnational convenience food chains is also increasing.
The growing awareness about the ill-health effects of cheese such as obesity, heart problems, and high cholesterol levels is expected to lower the demand of the market and make its growth slow.
Leaders in the Global Cheese Powder Market
The key market players that dominate the market are Lactosan A/S, Land O’Lakes, Inc. Kerry Group Plc and Krafts Foods Group, Inc. and Archers Daniels Midland Company.
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Table of Contents
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
- Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
- Key Findings of the Study
- Market Overview
4.2 Market Dynamics
22.214.171.124 Rising Urbanization Leads to Growing Demand of Convenience Based Foods
126.96.36.199 Innovative Product Offerings
- Market Segmentation
5.1 By Product Type
5.1.4 Blue Cheese
5.1.5 American Cheese
5.2 By Application
5.2.1 Bakery & Confectionery
5.2.2 Sweet & Savory Snacks
- Competitive Landscape
6.1 Market Shares of Leading Global Players
6.2 Strategies Adopted by Leading Global Players
- Company Profiles
7.1 Wild Flavors
7.2 Dairi Concepts
7.3 Glanbia Foods
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