Cheese Powder Market Study Shows Promising Growth Opportunities By 2022 | Top Companies Are Land O’ Lakes, Inc. (US), Kerry Group (Ireland), & Kraft Heinz Company (US)

CITY – Northbrook, Country – USA, 2020-Mar-04 — /EPR Network/ —

The global cheese powder market size was valued at USD 406.6 million in 2016 and is projected to grow at a CAGR of 6.8% from 2016, to reach a value of 604.1 million by 2022. Cheese powder has witnessed significant demand in recent years due to the increase in the size of the convenience & fast food industry and focus of cheese powder manufacturers on developing innovative offerings.

Browse 91 market data tables and 51 figures spread through 152 pages and in-depth TOC on “Cheese Powder Market by – Global Forecast to 2022”

The cheddar cheese segment is projected to dominate the market during the forecast period

The demand for cheddar cheese powder is mainly driven by its application as a flavoring in various convenience food products such as snacks, bakery products, confectioneries, ready meals, sauces, dressings, dips, and condiments. The demand for cheese powder is driven by an increase in the fast-food industry and the innovations in product offerings by cheese powder manufacturers.

Increased consumption of cheese powder in ready meals, owing to busy lifestyles and changing dietary habits

The market for the application of cheese powder is led by ready meals, in terms of growth rate. The demand for ready meals is projected to increase due to the busy lifestyles and changing dietary habits of the consumers associated with it. Furthermore, cheese powder has a longer shelf life which makes it a preferred option for the packaged food manufacturers.

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The ready meals segment, by application, is projected to be the fastest-growing in the cheese powder market, owing to rapid urbanization and increase in a number of women entering the workforce, which contribute to a rise in demand for all variants of cheese powder to be used in readymade and convenience foods.

The change in dietary patterns of consumers also play a very crucial role in determining the demand for various types of cheese powders. Furthermore, with the busy lifestyles of consumers, their preference toward ready meals is rising globally, which is driving the demand for cheese powder. Additionally, the demand for cheese powder is driven due to factors such as a rise in demand for cheese from the Asia-Pacific region due to the growth in the fast-food industry and an increase in demand for convenience food items.

The global Cheese Powder Market report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Lactosan A/S (Denmark), Land O’Lakes, Inc. (U.S.), Kerry Group Plc (Ireland), and Kraft Foods Group, Inc. (U.S.).

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