A recent report published by Infinium Global Research on cheese powder market provides an in-depth analysis of segments and sub-segments in the global as well as regional cheese powder market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cheese powder market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cheese powder market. According to the report, the global cheese powder market is projected to grow at a CAGR of 7.1% over the forecast period of 2019-2025.
The global cheese powder market is anticipated to grow at a CAGR of 7.1% during the forecast period. A cheese powder which is also known as dehydrated cheese is made by spray-drying fresh cheese. The main application of the cheese powder includes texture, flavor, and thickness to the food items manufactured using cheese powder. The cheese powder can also be used in the food industry includes natural functional and flavor ingredients in the manufacturing of bakery products, ready meals, savory snacks, sauces, biscuits, dressings, and processed cheese.
Growing demand for cheese-based snacks, and changing preferences for cheese with a longer shelf life over conventional cheeses are the major factors driving the growth of the cheese powder market. Furthermore, increasing demand for ready meals is the other key factor that fuels the growth of the cheese powder market. The demand for cheese powder is increasing in applications such as dairy products, bakery and confectionery, snacks, processed cheese, Sauces and dressings, household consumption and others. However, lack of awareness about the usability of cheese powder, and expensive production processes are some major factors that may hamper the growth of the cheese powder market during the forecast period. Moreover, increasing usage of cheese powder as an ingredient in the hotels and restaurants, and food processing industries creates an opportunity for the growth of the animal feed additives market in the next few years.
In terms of region, North America is leading the cheese powder market and is expected to dominate the market over the forecast period. This is mainly due to the rise in dairy and dairy product consumption. Asia Pacific region is expected to grow at a rapid speed during the forecast period owing to the growing disposable income and increasing population in the region. The trend of the cheese powder has become emerging in countries such as India and China and the demand may increase during the estimated period.
The report on global cheese powder market covers segments such as type, application, and sales/distribution channel. On the basis of type, the sub-markets include cheddar cheese, mozzarella cheese, parmesan cheese, american cheese, gouda cheese, cheese blends, and other types. On the basis of application, the sub-markets include household consumption, and industrial consumption. On the basis of the sales/distribution channel, the sub-markets include wholesalers, and retailers.
The report provides profiles of the companies in the market such as Land O’Lakes, Inc., Kraft Foods, ADM, Lactosan A/S, Kerry Group, Aarkay Food Products, Kanegrade Limited, Bluegrass Dairy & Food, Inc, Dairiconcepts, L.P, and All American Foods.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cheese powder market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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