Global Cheese Powder Market was valued at USD 428.11 Million in the year 2019. Global Cheese Powder Market is further estimated to grow at a CAGR of 6.93% from 2019 to 2025 to reach USD 640.05 Million. North America region holds the highest market share in 2019 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At the country level, developing markets like China, India, Indonesia, and Malaysia with highest population base holds the notable market share in 2019 and it is projected to grow at a strongly in the coming years. The growth is mainly due to high population and growing disposable income.
Archer Daniels Midland Company (U.S.), All American Foods (U.S.), Kraft Foods Group, Inc. (Kraft Heinz Company), Lactosan A/S (Denmark), Land O'lakes, Inc. (U.S.) are some of the key players in the Cheese Powder. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Rapidly growing convenience food industry
Increasing demand for fast food
High level of cholesterol and fats in cheese
Emerging market in developing countries
Improved taste of processed cheese and packaging
Increasing demand for the variety of cheese
Government labeling and packaging regulations
On the basis of types, the global Cheese Powder Market is segmented Mozzarella Cheese, Gouda Cheese, American cheese, Cheddar Cheese, Blue Cheese, and Parmesan Cheese. Out of these Parmesan Cheese holds the highest market share with high growth the rate in coming years. The growth is mainly due to wide usage in the food industry and emerging food type. On the other hand, Based on application segment ready meals is estimated to be the largest market share in 2019 and is expected to grow at highest CAGR in coming years.
Key Benefits for Stakeholders
Cheese Powder Manufacturers, Distributors, and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
Snacks, Sauces & Dressings
Snacks & Spreads
Key Market Players
1. Archer Daniels Midland Company (U.S.)
2. All American Foods (U.S.)
3. Kraft Foods Group, Inc. (Kraft Heinz Company)
4. Lactosan A/S (Denmark)
5. Land O'lakes, Inc. (U.S.)
6. Commercial Creamery Company(U.S.)
7. Kerry Group plc (Ireland)
8. Kanegrade Limited (UK)
(A brief overview of another 13 companies is also provided)
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