USD 4.47 billion
Cheese Powder Market Size, Share, Growth Analysis, By Product(Cheddar, Parmesan, Blue Cheese, Romano), By Application(Snacks, Bakery & Confectionery, Dips/Dressings/Dry Mix/Sauces, Flavors), By Type(Cheddar, Mozzarella, Parmesan, American Cheese), By Origin(Natural, Processed), By Milk Source(Cow milk, Buffalo milk, Sheep milk, Goat milk), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2215 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
68
|Figures:
75
Cheese Powder Market Insights
Global Cheese Powder Market size was valued at USD 4.47 billion in 2022 and is poised to grow from USD 4.76 billion in 2023 to USD 7.91 billion by 2031, at a CAGR of 6.54% during the forecast period (2023-2031).
The global cheese powder market is a thriving industry that has been experiencing significant growth in recent years. Cheese powder is a versatile ingredient that is widely used in various food applications such as snacks, bakery, sauces, dressings, and ready-to-eat meals, among others. The market's purpose is to cater to the increasing demand for convenience food products and the growing trend of using natural and healthy ingredients in food products. One of the main drivers of the cheese powder market is the rising demand for convenience food products worldwide, as cheese powder, is a convenient and cost-effective solution for manufacturers looking to add cheese flavor to their products. Additionally, the trend of using natural and healthy ingredients in food products has also been driving the growth of the market, as cheese powder is an excellent source of protein and other essential nutrients.
However, the market also faces some restraints, including the high production costs of cheese powder and the availability of substitute products. Despite these challenges, the market is expected to witness significant growth in the coming years due to the increasing demand for natural and organic cheese powder and the expanding food industry in developing countries. Key trends in the market include the increasing popularity of vegan cheese powder and the rising demand for customized cheese powder blends. Opportunities in the market include the development of new and innovative products, such as cheese powder with different flavors and textures, and the expansion of distribution channels to reach a wider customer base.
US Cheese Powder Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2031
Global Market Size
Largest Segment
Cheddar
Fastest Growth
Swiss
Growth Rate
6.54% CAGR
Global Cheese Powder Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Cheese Powder Market Segmental Analysis
Global Cheese Powder Market is segmented by type, origin, application, milk source, and region. By type, the market is segmented into Cheddar, Mozzarella, Parmesan, American Cheese, Blue Cheese, Other Types, By origin, the market is segmented into Natural, Processed, By Application, the market is segmented into Bakery & Confectionery products, Sweet & Savory snacks, Sauces, dressings, dips & condiments, Ready Meals, Other Applications, By milk source, the market is segmented into Cow milk, Buffalo milk, Sheep milk, Goat milk, by region, the market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa, and Latin America.
Analysis by Type
In the realm of cheese market segmentation, the types can be broadly categorized into several segments. These include Cheddar, Mozzarella, Parmesan, American Cheese, Blue Cheese, and Other Types. Among these segments, Cheddar stands out as the dominant player, commanding a significant share of the market due to its versatility and widespread popularity. On the other hand, the fastest-growing segment is Mozzarella, driven by increasing consumption in both traditional dishes and contemporary culinary trends like gourmet pizzas and appetizers. This segmentation highlights Cheddar's established market position and Mozzarella's dynamic growth trajectory within the cheese industry.
Analysis by Origin
In the segmentation of cheese by origin, two primary categories emerge: Natural and Processed cheeses. Natural cheeses, which include varieties like Cheddar, Mozzarella, and Parmesan, are made from natural ingredients without significant alteration. This segment dominates the market due to consumer preferences for authentic flavors and artisanal production methods. Conversely, Processed cheeses, such as American Cheese slices and cheese spreads, are created by blending and pasteurizing natural cheeses with other ingredients to achieve specific textures and flavors. While Natural cheeses hold the dominant market share owing to their perceived quality and traditional appeal, Processed cheeses represent the fastest-growing segment. The growth is propelled by their convenience, longer shelf life, and suitability for various food applications in both home kitchens and food service industries. This segmentation underscores the contrasting yet complementary roles of Natural and Processed cheeses in the evolving cheese market landscape.
Global Cheese Powder Market Size By Product
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Cheese Powder Market Regional Insights
Europe dominated the global cheese powder market. The market growth in the region is attributed to the usage of processed cheese in restaurants and cafes. According to a report published by the European Food Safety Authority (EFSA) in 2022, nearly 50% of people in Europe prefer reduced-fat food products. As a result, low-sugar or low-fat diets are more popular in the region. In addition, manufacturers are expected to introduce new cheese powder products to cater to the growing lactose-intolerant population and consumers who prefer reduced-sugar foods.
North America is projected to grow at a CAGR of 6.6% during the forecast period. The market growth in the region is driven by the large-scale consumption of dairy products, changing demographics, and quick access to dairy technologies. Moreover, the increasing preference of consumers for ready-to-eat food products due to their busy lifestyles is expected to boost the regional market in the upcoming years.
Global Cheese Powder Market Size By Region
- Largest
- Fastest
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Cheese Powder Market Dynamics
Drivers
Globalization of cuisines on a large scale
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The popularity of many cuisines around the world has led to the merging of traditional flavors and procedures with modern ingredients. Cheese powder has become a popular component in this rich culinary landscape, bridging different cuisines and cultures with ease. With the increasing diversity of food preferences and the ease of cross-cultural communication, home cooks and chefs alike are fusing flavors and cooking methods from many cultures. Cheese powder is a useful addition to the culinary arts since it has become known as a flexible ingredient that improves the flavor profiles of both conventional and creative recipes. Cheese powder has come to represent culinary innovation and adaptability, appearing in everything from the lively marketplaces of Asia to the sleepy towns of Europe.
Increasing popularity of snacking
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Snacking has become more and more popular all around the world as people look for convenient, healthy options. Snacks like popcorn, chips, and crackers become tastier and more nutritious when cheese powder is added. For example, the Frito-Lay subsidiary of PepsiCo introduced Doritos 3D Crunch in 2021; this is a cheese-flavored snack that has cheese powder in it.
Restraints
Quality and authenticity
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Creating authentic cheese flavor and ensuring consistent quality in cheese powder presents challenges for manufacturers. Cheese powder, used in snacks, sauces, and seasonings, relies on the specific cheese type—like cheddar or parmesan—for its complex flavor profile. Translating these nuances accurately into powder form is intricate, and variations in cheese type or processing can affect flavor consistency. Processing steps like drying and milling are crucial but must be carefully managed to preserve delicate flavor compounds. Cheese flavor is sensitive to environmental factors, such as temperature and humidity, which can degrade its complexity over time. To maintain authenticity, manufacturers must balance processing efficiency with flavor preservation and select appropriate packaging to ensure stable flavors throughout shelf life.
Price volatility of raw materials
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The prices of raw materials such as milk and cheese can be volatile, affecting the production cost of cheese powder. For example, the outbreak of the COVID-19 pandemic in 2020 led to an increase in milk prices, which affected the production cost of cheese powder.
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Cheese Powder Market Competitive Landscape
Global Cheese Powder Market is highly fragmented, with a large number of players operating in the market. Some of the key players in the market are focused on expanding their product portfolios and enhancing their distribution channels to gain a competitive edge in the market. They are also investing heavily in research and development activities to develop innovative products that cater to evolving consumer preferences and changing market trends. Additionally, mergers and acquisitions, partnerships, and collaborations are some of the key strategies adopted by these players to strengthen their market position and expand their global presence. Overall, the global market is highly competitive, and the players are striving to maintain their market share through various strategies and tactics.
Cheese Powder Market Top Player’s Company Profiles
- Archer Daniels Midland Company (US)
- Aarkay Food Products Ltd. (India)
- All American Foods, Inc. (US)
- Bluegrass Dairy & Food, Inc. (US)
- Commercial Creamery Company (US)
- DairiConcepts, LP (US)
- Delitia Parmigiano Reggiano S.p.A. (Italy)
- Dairy Farmers of America, Inc. (US)
- Kanegrade Limited (UK)
- Kerry Group plc (Ireland)
- Grande Custom Ingredients Group (US)
- Glanbia plc (Ireland)
- Lactalis Ingredients (France)
- Leprino Foods Company (US)
- Lactalis American Group (US)
- Warrnambool Cheese and Butter Factory Company Holdings Limited (Australia)
- Agropur Cooperative (Canada)
Cheese Powder Market Recent Developments
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In September 2022, Kerry Group plc (Ireland) significantly strengthened its position in the cheese powder market by acquiring The Kraft Heinz Company's powdered cheese business and related assets. This strategic acquisition boosts Kerry's manufacturing capacity expands its customer base in the snacking category, and enhances its presence in emerging markets, solidifying its status as a key player in the cheese powder industry.
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In March 2023, Kerry Group further expanded its influence by opening the Southern Europe Innovation Centre in Barcelona, Spain. This facility, equipped with advanced labs and technology, enables Kerry to develop innovative and customized cheese powder solutions for customers in Spain, Portugal, Italy, and France. This move is set to enhance Kerry's product portfolio and strengthen its position in the South European cheese powder market.
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In October 2022, Fonterra Co-operative Group Limited (New Zealand) partnered with Land O'Lakes, Inc. (US) to enhance its US Foodservice business. This strategic sales and marketing agreement aims to expand Fonterra's Foodservice offerings in the US market. While initially focused on products like cooking creams and cream cheese, this collaboration could indirectly bolster Fonterra's capabilities and distribution of dairy products, including cheese powder, in the competitive US market.
Cheese Powder Key Market Trends
- Growing demand for organic and clean-label cheese powder: Consumers are increasingly becoming aware of the ingredients used in their food and are seeking products that are natural and organic. This has led to a growing demand for organic and clean-label cheese powder products, which do not contain artificial colors, flavors, or preservatives.
- Increasing use of cheese powder in the pet food industry: Cheese powder is used in the pet food industry as a flavoring agent and a source of protein. With the increasing demand for pet food products, the use of cheese powder in the pet food industry is also growing. For example, in 2021, Purina launched Pro Plan LiveClear, a cat food product that contains cheese powder as a source of protein.
Cheese Powder Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cheese powder market analysis, the market is expected to witness significant growth in the coming years, driven by the growing demand for convenience foods, the increasing popularity of ready-to-eat meals, and rising consumer preference for natural and organic food products. The market is highly competitive, with a large number of players operating in the market, and they are focused on expanding their product portfolios, enhancing their distribution channels, and investing in research and development activities to gain a competitive edge. Additionally, the increasing demand for cheese powder in emerging markets, coupled with the development of innovative products, is expected to drive the growth of the market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.47 billion |
| Market size value in 2031 | USD 7.91 billion |
| Growth Rate | 6.54% |
| Base year | 2023 |
| Forecast period | 2023-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cheese Powder Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cheese Powder Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cheese Powder Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cheese Powder Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cheese Powder Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cheese Powder Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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