Global Cheese Powder Market Poised to Grow Expressively at a CAGR of 13.70% through 2022: Cheddar Cheese Displays Highest Growth

Published on : Nov 16, 2017

Albany, New York, November 16, 2017: Cheese powder is one of the most demandable ingredients in a ready-to-eat meal worldwide. Today, the rising inclination for ready-to-eat meals is projected to boost the market for cheese powder tremendously in the years to come. The global market discussion on cheese powder can be found in a new study, broadcasted to the vast archive of Market Research Hub (MRH). The study is titled as “Cheese Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” which offers comprehensive insights and analysis on the global cheese powder market, giving readers key insights on the drivers, restraints, opportunities, and threats in this market. Also, the report presents a thorough look at all leading segments present in the market in order to offer readers with a clear picture of the granular structure of the market.

According to this extensive research study, the hectic lifestyle that has led to a lack of cooking time is driving the cheese powder market in the current scenario. Nowadays, consumers tend to cover up their hectic schedule with ready-to-eat meal with nutritious value, which requires cheese powder. The study evaluates that the worldwide market for cheese powder is anticipated offer an opportunity worth US$355.9 mn by 2017. Further, the market is projected to reinforce at a striking CAGR of 13.70% over the period from 2017 to 2022 and reach a value of US$677 mn by the end of 2022. Currently, North America leads the worldwide market for cheese powder, mainly due to the rising preference for convenience food among consumers.

Market Snapshot

Cheese powder provides a unique combination of taste, functionality and convenience. It is mainly utilized to add flavors to instant food items, baked food, and seasonings. In the first part, the study provides comprehensive information about the cheese powder market covering its introduction, market size and forecast. The following section of the report also covers regional segmentation which highlights some of the prime regions including North America, Japan, Europe, Latin America, MEA and APEJ. In the present time, looking to the growing demand for cheese powders worldwide, key players in the market are likely to focus on expanding their regional reach by collaborating with domestic players and distributors in various regions over the next few years.

Segmental Analysis

Apart from the regional segmentation, the global market for cheese powder has been examined on the basis of the type of the product, end user, application. Major types of cheese powder available in the market are Swiss cheese powder, cheddar cheese powder, mozzarella cheese powder, parmesan cheese powder, and blue cheese powder. The demand for cheddar cheese powder is comparatively greater than other types of cheese powder and is likely to remain strong in demand over the next few years. Many industries, such as food and beverages; and individual consumers have appeared as the key end user of cheese powder, globally.

Moreover, by the application the worldwide market for cheese powder is categorized into sweet and savory snacks, bakery and confectionery, ready meals, sauces, dips, dressings, and condiments. Overall, the future of this market looks flourishing; however, the concerns regarding obesity caused by cheese may hamper the market’s growth in the years to come, notes the research study.

Competitive Scenario

In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry, their respective market share, recent developments along with various business strategies which are adopted by them. Land O'Lakes Inc., Kraft Heinz Co., Kerry Group Plc, Thornico A/S, Bluegrass Dairy & Food Inc., Dairy Farmers of America Inc., All American Foods Inc., Aarkay Food Products Ltd., Kanegrade Ltd., and Archer-Daniels-Midland Co. are some of the leading players in the global cheese powder market.

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