Upcoming Growth Trends in the Cheese Powder Market

Northbrook, USA, 2020-Apr-01 — /EPR Network/ — The report “Cheese Powder Market by Type (Cheddar, Mozzarella, Parmesan, American, and Blue), Application (Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals), and Region – Global Forecast to 2022″, The cheese powder market is projected to grow at a CAGR of 6.82% from 2016 to 2022, to reach USD 604.1 Million by 2022. The growth of the cheese powder market is dependent on the growth of the processed food and convenience food industry. The demand for cheese powder as a key ingredient in various food products is rising globally. Factors such as increase in global convenience foods and growth in the fast food industry are expected to increase the demand for cheese powder.

Increasing demand for convenience food products is driving the market

The increasing demand for convenience foods is one of the major drivers for 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 usage in dry snacks has been largely contributing to the growth of the market.

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Rising awareness regarding the ill-health effects of cheese

The rising consumer awareness about the ill-health effects of cheese poses a great challenge to the growth of the global cheese powder market. Obesity, high cholesterol levels, and heart diseases are the major conditions associated with the consumption of processed cheese. Furthermore, studies suggest that the consumption of cheddar cheese may pose an increased risk of breast cancer by increasing the production of galactose from lactose.

 Parmesean cheese is projected to be the fastest-growing type in terms of value

The consumers are increasingly demanding fresh and authentic flavors, natural ingredients, and prefer spending on high-quality soups, sauces, and dressings for better taste, texture, and appearance. This has led to an increased demand for parmesan cheese powder in soups, sauces, and dressings industry due to its authentic taste.

Sauces, dressings, dips, and condiments is projected to account for the largest market share during the forecast period.

Sauces produced by using cheese powder are widely consumed with pasta, vegetables, pizza, and casseroles. Dips and condiments made from cheese powder are normally consumed with vegetables, wings, and fried snacks, among others. With the increasing consumption for fast food in Asia Pacific, the demand for cheese powder in sauces, dressings, dips, and condiments is projected to grow at the highest rate in this region over the coming years.

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Rise in convenience food demand and lower cost of cheese powder production in Asia-Pacific offers growth opportunities to the cheese powder manufacturers

Japan is estimated to constitute the largest country market in the Asia-Pacific region in 2016. Large-scale raw material production in the Asian countries has led to a large-scale production at a competitive cost of cheese powder in the country. In 2016, North America is estimated to be the largest market share globally, as it is the largest producing and exporting region of cheese powder.

This 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.).

In terms of insights, this research report focuses on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global cheese powder market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.

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