Global Cheese Powder Market By Product (Cheddar, Parmesan, Blue Cheese, Swiss, Romano and Other Products), By Application (Snacks, Ready to Eat, Flavors, Dips and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Cheese Powder Market Overview:

The 2021 global cheese powder market value was USD 1,194.9 million exhibiting a CAGR of 8.63%.

The demand for cheese powder in developed markets and trade around the world remained strong. However, the U.S. reported that prices and demand in developing markets were still weak. Dairy Export Council. In developing countries, the demand will be fueled by price drops, rising population, the booming food service sector, and rising disposable income.

Global Cheese Powder Market

Product Analysis

Cheddar cheese has a long shelf-life and is hardy. This cheese is popular for its distinctive flavor and aroma. It is extremely popular in North America as well as Europe. The segment will continue to grow due to the increasing demand for premium and specialty flavors.

Cheese manufacturers are working hard to offer customized flavors in the cheddar powder segment. This includes sweet and buttery cheeses as well as savory flours. Manufacturers are also looking for innovative ingredients to enhance their product offerings and create new flavor profiles.

DSM – A science-based company in Health, Nutrition, and Sustainable living, DSM has introduced seven cultures that can be used to produce a unique and mature taste in this sector. Cheese producers predict that cheddar cheese sprinkled in chili and ghost pepper will be an everyday product by 2025. Customers demand authentic, high-quality cheese products.

“Swissness,” however, has been a strong selling trend. This concept, along with sustainability as well provenance, is expected to continue to be strong. Companies are shifting their focus to different strategies due to increased demand and increasing competition for shelf space at grocery and retail stores. In the coming years, domestically made brands will be given more attention by manufacturers.

Application Analysis

Snacks sales increased by more than 2.0% year-over-year between 2023 to 2032, reaching US$ 374 Billion. In developing regions, sales increased more than two-fold faster due to higher per capita disposable incomes. This presents an opportunity for the sector. The growing demand for snack replacements in the developed world is due to an increase in the working class.

SPINS data indicates that over 90.0% of adults snack every day and this industry holds huge potential for product manufacturers. Due to their clean labels, whole foods ingredients, and high sales of key snacks, such as yogurt, protein bars, hummus, and protein bars, the cheese powder market will see a significant increase in its growth. Ready-to-eat foods and snacks will continue to increase in popularity during the forecast period.

Baking is seeing a rise in popularity worldwide. Accordingly, the forecast period should see increased demand for confectionery and bakery products at both industrial and domestic levels.

Key Market Segments

By Product

• Blue Cheese
• Romano
• Cheddar
• Swiss
• Parmesan
• Other Products

By Application

• Dips/Dressings/Dry Mix/Sauces
• Ready to Eat
• Snacks
• Bakery & Confectionery
• Flavors
• Other Applications

Market Dynamics

Cheese powder manufacturers are focused on offering customized flavors in the cheddar powder segment. This includes sweet and buttery cheese powders as well as savory flours.

Innovative ingredients are being explored by manufacturers to offer new flavors and product options. Market growth is expected to be positive due to increased consumer attention to the nutritional value of the product, such as low calories and high levels of vitamins and proteins.

The market is likely to see a decrease in growth due to the shift towards veganism owing to environmental factors such as animal rights. Markets will benefit from manufacturers’ initiatives to offer new flavors, better quality, attractive packaging, and other innovations. These products can be supplemented with vitamin D and calcium to improve their nutritional content.

Regional Analysis

North America’s market will experience slow growth over the forecast period. Europe and North America are both the most important cheese-consuming regions in the globe in terms of quantity and value. They were responsible for nearly three-quarters of the global revenue in 2021, According to estimates of dairy product consumption and annual per-capita milk, cheese consumption is rising despite saturated markets.

Europe constituted about 33.7% of the market share. More than 274,000 European food & drink companies make a wide variety of food to satisfy the changing needs of 500 million Europeans every day.

The European food- and drink industry is fragmented. Many small and medium businesses dominate it. The European market comprises more than 50.0% of SMEs. Europeans are known to eat a low-fat or low-sugar diet. Europeans make a lot of sugary choices and are more concerned with consuming low amounts of fats than their counterparts.

In order to meet this population, manufacturers will have to come up with innovative products. This market is expected to grow because of changing demographics and a more active lifestyle. Due to its taste and nutritional value, cheese powders have been a key ingredient in both the domestic and industrial sectors. The rising demand for cheese powders is forcing manufacturers to buy more shelf space. This has caused an increase in product cost and may pose a threat in future years.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The industry is very competitive. The industry offers many opportunities for new entrants because of the continuous shift in consumer preferences, and easy access to raw materials. Lactose has launched new products to increase calcium levels. They offer six times more nutrients than other products.

The distribution of final products will be affected by factors like the size of the market, competition intensity, demand development, labor availability, and local infrastructure. Direct involvement of companies in the retailing of their products via e-commerce, hypermarkets, and supermarkets is possible.

Over the years, consumer buying behavior has changed. Increased product variety, convenience shopping, selection and delivery times, as well as discounts have prompted consumers to shop online.

Key Market Players

• Lactosan A/S
• Land O’Lakes, Inc.
• Kerry Group PLC
• Commercial Creamery Company
• Kanegrade Limited
• Kraft Heinz Company
• Archer Daniels Midland
• Other Key Players

For the Cheese Powder Market research study, the following years have been considered to estimate the market size: