Cheese Powder Market, Global Industry Size Forecast [Latest]

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Cheese Powder Market worth 895 million by 2028
Exclusive Report by MarketsandMarkets The
Cheese Powder Market was valued 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 according to a report published by
MarketsandMarkets. The increasing demand for
convenience foods is one of the major
drivers of the cheese powder market. The
major industrial users of cheese powders include
producers of snacks, soups, sauces, frozen
products, and ready-to-eat meals. Snacks is the
major application of cheese powder due to its
easy handling and longer shelf life. Its use in
dry snacks has been largely contributing to the
growth of the market. Download PDF Brochure
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sp?id103908380 Browse in-depth TOC on "Cheese
Powder Market 224 Tables 61 Figures 241
Pages Cheddar cheese powder in by type segment
accounted for the largest share of the cheese
powder in 2023 in terms of value. Cheddar is
one of the most popular and widely
consumed cheese varieties, and its trends
often reflect broader developments in the
cheese powder industry. Cheddar is a relatively
hard natural cheese and is off-white in color. It
is the most widely used type of cheese for the
manufacturing of cheese powders. Cheddar cheese
powder has low calorie, saturated fat, salt, and
cholesterol content. This has led to an increase
in demand for cheddar cheese powder in North
America owing to the rising
health-consciousness among people. Moreover,
consumers showed increased interest in
high-quality, artisanal, and premium cheddar
cheeses. These offerings often came from
small-scale producers and were appreciated for
their unique Flavors and production
methods. Processed cheese powder in by origin
segment accounted for the largest share of the
cheese powder in 2023 in terms of
value. Processed cheese products are widely used
in the foodservice industry, including
quick-service restaurants and casual dining
establishments, due to their convenience and ease
of use in various menu items. Processed cheese
was used as a key ingredient in snack products,
such as cheese crackers and cheese snacks. The
growth of the snack industry and the demand for
Savory, flavourful snacks were contributing to
the processed cheese market. Moreover, processed
cheese products are more cost-effective than
natural cheeses, making them a budget-friendly
option for both consumers and foodservice
establishments. Ready meals in the application
segment are estimated to grow at the highest in
the cheese powder market. Cheese powder is used
in ready meals to add a specific cheeses flavour
to the meal or to enhance the existing Flavors in
it. With the growingly busy lifestyles of
consumers, the popularity of ready meals is
rising in developed countries such as the U.S.,
Germany, and the U.K., among others. This boosts
the demand for cheese powder in ready meals
across regions. Moreover, ready meal
manufacturers are incorporating cheese powder
from different cuisines to create fusion dishes
that offer a blend of flavors. For example,
cheese in Asian-inspired dishes or Mexican-style
meals. Ready meals inspired by international
cuisines are incorporating cheeses unique to
those regions. This trend catered to consumers'
growing interest in global flavors. Request
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questsampleNew.asp?id103908380 The North
American region is expected to grow at a
significant rate in the global cheese powder
market. The demand for cheese powder is expected
to grow in the region owing to its widespread use
as a key ingredient in snacks, ready meals,
sauces, dips, dressings, and bakery products,
among others. The presence of numerous fast-food
chains and the production of a wide variety of
cheeses are expected to drive the growth of the
North American cheese powder market. The
increased demand for convenience food
products offers growth opportunities to
cheese powder manufacturers. Moreover, there is
a growing consumer interest in high-quality,
artisanal, and specialty cheeses. Artisanal
cheese makers are gaining attention for their
unique flavors, production methods, and localized
offerings.
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Major key players operating in the Cheese Powder
are Land O'Lakes, Inc. (US), Kerry Group Plc
(Ireland), Fonterra Co- operative Group Limited
(New Zealand), ADM (US), Commercial Creamery
Company (US). Get 10 Free Customization on this
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