December 12, 2019
According to the research report titled ‘Cheese Powder Market Size By Product (Cheddar, Blends, Mozzarella, Swiss, Blue, Asiago, Parmesan, Gouda, Feta, Romano), By Application (Flavor Industry, Savory Snacks, Dips/Dressings/Dry Mix/Sauces, Biscuits & Other Baked Products, Ready-To-Eat, Confectionery, Imitation And Processed Cheese, Cream And Pet And Baby Food), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global cheese powder market is estimated to be worth USD 775 million by the year 2025.
Surging need for innovative products and exotic flavors in the snack food and bakery industries is the major factor driving the growth of cheese powder market. Booming fast food chains that offer cheese-centric food products is also aiding the market expansion. Growing inclination towards cheese-based snacks and snack bars due to their hunger-satisfying ability and high nutritional content is augmenting the demand for powdered cheese across the globe.
Increasing health concerns among consumers has paved the way for surging need for natural ingredients-based food products. This coupled with easy transportation, storage and convenience associated with the product are contributing to cheese powder market growth. Rising adoption rates of dairy-based dressings and flavors in the bakery sector has encouraged development of innovative products, which in turn is propelling the market expansion.
In terms of cheese type, parmesan and gouda cheese segments which add exotic flavor to the product will see substantial share growth in cheese powder market. Blue, parmesan and swiss cheese segments, on the other hand, will also grow owing to their properties such as strong flavor and granular textures. Moreover, parmesan cheese holds a strong value among consumers due to its source and availability which in turn provides lucrative growth opportunities. However, U.S.-China trade wars have led to unstable trade conditions which is hindering the growth of the cheddar powder cheese market, claims the report.
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Considering the geographical landscape, cheese powder market is divided into regions namely Europe, North America, Latin America, Middle East & Africa, and Asia-Pacific.
The prominent companies operating in the cheese powder market are Ace International LLP, Aarkay Food Products Ltd., WILD Flavors & Specialty Ingredients (ADM), Kerry Inc., and Kanegrade Ltd among others.
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