Cheese Powder Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Report ID: GMI1332
Cheese Powder Market size may witness significant gains owing to strong application scope in convenience food and dairy products demand. It is mainly produced from cheddar and is commonly used for flavor enhancement in food & beverage industry.
Global cheese market size may register close to 4% growth over the forecast timeframe. It is a good source of calcium, phosphorus, and protein and is beneficial in preventing tooth decay. Rapid urbanization along with rise in fast food sector will bolster industry growth.
Cheese is mainly used to create powders and dry blends including blue, cheddar, parmesan, Swiss and Romano. Cheddar cheese dominated the market share and accounted for over 50% of the total demand in 2015. UK’s consumption was 119 kilo tons in 2016. Most of the companies are initiating strategies to enhance regional business and cheese powder production units.
Dairy Farmers of America (DFA) and Arla have entered into a joint venture which includes small dairy plant construction in the U.S. for cheddar cheese production. In this joint venture, the companies are planning to enhance product portfolio and expand regional presence.
Asia Pacific, driven by India, South Korea, Japan and China cheese powder market size, may witness steady growth over the forecast timeframe. Rise in disposable income along with increase in dairy & dairy products consumption should favor regional growth. Change in dietary preference mainly in Japan and China with increasing establishments of food outlets may stimulate product demand.
North America, led by the Canada and the U.S. cheese powder market size may register gains owing to rise in dairy and dairy products consumption has led to the adoption of advanced technology, thereby increasing product demand across the globe. The U.S. is the largest market for Europe cheese exports and is gaining market share mainly from Saudi Arabia, South Korea, and Japan.
Europe, driven by UK, Italy, France, and Germany cheese powder market size may witness moderate growth rate. Europe was the largest skimmed milk powder (SMP) exporter and the production was over 650 kilo tons by 2015. Rise in geriatric population along with increasing consumer health consciousness may stimulate regional growth.
Cheese powder market size from sweet & savory snacks applications may witness steady growth over the forecast timeframe. They perform the function to provide smell, flavors and taste to food products. Tortilla, corn chips, and crisp or chips are various sweet & savory snacks consumed mainly in Asia Pacific and Latin America market. Rise in nutritional snacks demand along with increased munching habits may drive industry growth.
Ready meals may show significant gains in cheese powder market. Global ready meals market size may register close to 7% growth. Europe ready meals market accounted for over 12% of the total demand in 2016. Technology innovation and new product development by integrating whey, low fat milk, salt and nondairy ingredients may enhance cheese powder demand
Cheese powder market size from bakery applications may grow steadily over the foreseeable future. Global bakery market is poised to grow at over 6% gains by 2024. Increasing breads, spreads, and biscuits consumption should drive industry growth in bakery applications. Europe is the major bakery producer.
Global confectionery market size was valued at over USD 180 billion in 2015. Sugar free confectionaries are gaining importance owing to rise in obesity rate along with increase in health & nutritional concerns which may favor industry growth. Cheese powders are used in confectionery applications to enhance ingredient flavor.
Rise in health problems including obesity, heart problem and high cholesterol level caused by excessive consumption may challenge cheese powder market size. Fluctuating dairy & dairy products costs may hinder industry profitability and affect cheese powder market price trend.
Global cheese powder market share is fragmented. Key market players include All American Foods, Kanegrade Limited, Kraft Foods Group, and Land O'lakes. Other industrial participants include Dairiconcepts, L.P., Lactosan, ADM, and Kerry Group.
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