Dublin, August 28, 2024 (GLOBE NEWSWIRE) — The report “Global Cheese Powder Market by Product (American Cheese, Blue Cheese, Cheddar), Application (Bakery & Confectionery, Dressings & Spreads, Prepared Foods & Dairy), End User, Distribution Channel – Forecast 2024-2030” has been added to The Offer.
Cheese Powder Market size was estimated at USD 666.59 Million in 2023 and USD 736.45 Million in 2024 and is expected to grow at a CAGR of 10.57% to reach USD 1.34 Billion by 2030.
It is used in numerous food products including snacks, baked goods, prepared meals, sauces and dips, dressings and condiments, and confectionery. The increasing demand for prepared meals, the trend toward products with longer shelf life, and the growing awareness of the health benefits of consuming dairy products have increased the need for cheese powder.
Stringent government regulations regarding food safety and quality control measures and fluctuating prices of raw materials such as dairy ingredients are impacting the cost of production. In addition, the increasing development of organic and clean label cheese powder products for higher nutritional value and the introduction of new flavors and blends that appeal to different regional tastes are expected to create lucrative opportunities for the cheese powder market in the coming years.
Regional insights
The American cheese powder market is driven by convenience, innovation, and the growing snack industry. Consumers continue to seek out innovative flavors and demand healthier alternatives, which has led to an increase in the launch of cheese-based products, such as alternative protein sources, low-fat alternatives, and functional snacks. Europe, the Middle East, and African countries have a long tradition of cheese production and consumption, resulting in a strong presence of key players in the global cheese powder market.
EU countries are major producers of traditional cheeses to produce high-quality cheese powders tailored to the new consumer preferences. Due to the large population and increasing urbanization, the Asia Pacific region is witnessing a rise in the consumption of convenience foods. Manufacturers in the Asia Pacific region are also investing in research and development (R&D) to develop innovative cheese powder products tailored to the specific regional preferences, creating further growth opportunities for the cheese powder market in the Asia Pacific region.
Recent developments
Bel Group partners with Climax Foods to produce plant-based cheese
Bel Group has partnered with biotech startup Climax Foods Inc. to develop plant-based cheese using data science and artificial intelligence (AI). Using predictive analytics and AI technology, Climax Foods aims to create plant-based alternatives that closely mimic the texture, taste and nutrient density of animal products. The collaboration between Bel and Climax Foods represents an important step to meet the growing demand for sustainable and environmentally friendly food options.
The joint venture between Britannia Industries and French cheese maker Bel Group aims to offer premium cheese products to Indian consumers
Britannia Industries Ltd. and French cheese maker Bel have joined forces to form a joint venture to offer a wide range of cheese products to Indian consumers. The joint venture, Britannia Bel Foods Private Limited, offers products under the joint brand names Britannia and Laughing Cow. This strategic partnership between Britannia and Bel Group focuses on expanding the fast-growing cheese category by introducing innovative products.
Kraft Heinz sells cheese powder business to Kerry Group for USD 107.5 million
Kraft Heinz has agreed to sell its business-to-business cheese powder manufacturing business to Kerry Group for $107.5 million. As part of this acquisition, Kerry Group acquired Kraft Heinz’s cheese powder manufacturing facility in Albany, Minnesota, ensuring a smooth transition. This strategic move is in line with Kraft Heinz’s strategy to adjust its portfolio, which aims to focus on its core businesses while allowing Kerry Group to expand its ingredient offerings.
Main features:
| Report Attribute | Details |
| Number of pages | 196 |
| Forecast period | 2024 – 2030 |
| Estimated market value (USD) in 2024 | 736.45 million US dollars |
| Projected market value (USD) until 2030 | 1347.13 million US dollars |
| Average annual growth rate | 10.5% |
| Regions covered | Generally |
Market dynamics
Market segmentation analysis
- Product: Versatile use of mozzarella cheese powder in food production
- Application: Extensive use of cheese powder in the bakery and confectionery sector
- End users: Increasing use of cheese powder in the industrial sector for consistent product quality
- Distribution channel: Increasing distribution of cheese powder in convenience stores and supermarkets
Market drivers
- Rapid growth of the ready meal and fast food industry
- Rising consumer spending and rapid urbanization are driving demand for convenience foods
- Innovative product offerings in the cheese segment
Market restrictions
- High costs associated with the product
Market opportunities
- Advances in cheese making
- Growing innovations in cheese blends and combinations of natural flavours
Market challenges
- Increase in obesity and heart disease
Industry insights
- Market disruption analysis
- Porter’s Five Forces Analysis
- Value chain and critical path analysis
- Price analysis
- Technology analysis
- Patent analysis
- Trading Analysis
- Analysis of the regulatory framework
Important company profiles
- Aarkay Food Products Ltd.
- All American Foods, Inc.
- Aum Agri Freeze Foods
- Commercial dairy company
- Dairy Farmers of America Inc.
- Hoosier Hill Farm LLC from Saco Foods Holdings, LLC
- Kanegrade Ltd.
- Kerry Group PLC
- LAND O’LAKES, INC
- Rogue Dairy
- Saipro Biotech Private Limited
- Southwest Cheese Company, LLC
- Uhrenholt A/S
Market segmentation and coverage
product
- American cheese
- Blue cheese
- Cheddar
- Mozzarella
- Parmesan
Application
- Bakery & Confectionery
- Dressings & Spreads
- Ready meals and dairy products
- Sauces, dips & seasonings
- Sweet & savoury snacks
End user
- Household
- industry
- Distribution channel
Retailers
- General stores
- Dollar stores
- Supermarkets
- Wholesaler
region
America
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- new York
- Ohio
- Pennsylvania
- Texas
Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
Europe, Middle East and Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- turkey
- United Arab Emirates
- United Kingdom
For more information about this report visit https://www.researchandmarkets.com/r/k2v06
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Global Cheese Powder Market
