What’s Driving Growth in the Cheese Powder Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Cheese Powder Market, and What Factors Will Drive It?
In the past few years, the cheese powder market has enjoyed robust growth. The market size is slated to increase from $1.58 billion in 2024 to $1.72 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.9%. The market expansion during the historical period is credited to factors such as convenience and shelf stability, snack foods and seasonings, processed and convenience foods, along with the influence of global fast food chains and the demand for bakery and baked goods.
In the coming years, the cheese powder market is poised for substantial expansion. It is anticipated that it will increase to $2.39 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this projected growth during the forecast timeframe include the shift towards plant-based and clean label alternatives, the popularity of snack and convenience foods, expansion in global markets, the availability of premium and gourmet variations, as well as online sales and delivery methods. Forecast trends highlight the rise of plant-based cheese powders, gourmet and artisanal tastes, snack and convenience foods, improvements in dietary and nutritional components and the proliferation of various cheese types.
What Drivers Are Shaping the Growth of the cheese powder Market?
The growth of the cheese powder market is anticipated to be fuelled by the increasing consumption of convenience foods. Convenience food, which consists of food items like frozen, dried, or canned foods that can be quickly heated and prepared, is becoming the preference of many people. This is because these foods are easy to cook, simple to eat, and more flavorful. For example, according to a May 2023 report published by SNAC International, an international trade association based in the US, there was a 15.6% increase in the sales of salty snacks in comparison to the preceding year, amounting to $28.4 billion in 2022. Therefore, the cheese powder market is experiencing growth driven by the rising consumption of convenience food.
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Who Are the Top Companies Contributing to the Growth of the Cheese Powder Market?
Major companies operating in the cheese powder market include:
• Kerry Group plc
• DairiConcepts L.P.
• Land O’ Lakes Inc.
• Kanegrade Ltd.
• Kraft Heinz Company
How Are Technological Trends Affecting the Growth and Development of the Cheese Powder Market?
The principal trend gaining traction in the cheese powder market is product innovation. The prominent businesses in this sector are introducing fresh and creative products to maintain their standing. For instance, in May 2023, Changing Bio debuted a variety of dairy products, including cheese powder, whipping cream, and ice cream featuring Kluvy Protein, a microbial component. The dairy alternatives are retailed under the ChangingPRO name, a sub-brand of Changing Bio, promoted as future food originating from nature. The Kluvy vegan cheese powder positions as a dairy alternative tailored for professionals, characterized by its animal-free nature, clean label, and suitability for ambient temperature storage and transportation. Its light cheesiness, saltiness, and nuttiness make it a perfect addition to any dish, satisfying China’s escalating preference for cheese flavor.
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How Are the Key Segments of the Cheese Powder Market Impacting Its Expansion and Revenue Streams?
The cheese powder market covered in this report is segmented –
1) By Product Type: Cheddar, Parmesan, Mozzarella, Other Product Types
2) By Application: Bakery And Confectionery, Sweet And Savory Snacks, Sauces, Dressings, Dips And Condiments, Ready Meals, Other Applications
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, Specialty Stores, Other Distribution Channels
Subsegments:
1) By Cheddar: Mild Cheddar Powder, Sharp Cheddar Powder
2) By Parmesan: Grated Parmesan Powder, Shredded Parmesan Powder
3) By Mozzarella: Low-Moisture Mozzarella Powder, Whole-Milk Mozzarella Powder
4) By Other Product Types: Blue Cheese Powder, Swiss Cheese Powder, Gouda Cheese Powder
What Are the Key Regions Powering Growth in the Cheese Powder Market?
North America was the largest region in the cheese powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cheese powder market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Are the Defining Features of the Cheese Powder Market?
The cheese powder are used as a flavor enhancer and filler in a variety of products, including soups, sauces, dressings, and ready-to-eat meals. Cheese powder refers to the dehydrated form of natural cheese made from cheese, water, and melting salt, which is melted, pasteurized, and spray-dried.
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