Global Cheese Powder Market

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 Dynamics

Drivers 

Globalization of cuisines on a large scale 

  • 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 

  • 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 

  • 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 

  • 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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FAQs

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).

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. 'Lactosan A/S (Denmark)', 'Land O'Lakes, Inc. (US)', 'Kraft Heinz Company (US)', '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)'

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.

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.

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Global Cheese Powder Market

Report ID: SQMIG30I2215

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