Global Cheese Powder Market to Reach $1.9 Billion by 2030
The global market for Cheese Powder estimated at US$882 Million in the year 2023, is expected to reach US$1.9 Billion by 2030, growing at a CAGR of 11.6% over the analysis period 2023-2030. Parmesan Cheese Powder, one of the segments analyzed in the report, is expected to record a 13.5% CAGR and reach US$577.4 Million by the end of the analysis period. Growth in the Cheddar Cheese Powder segment is estimated at 12.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $237.8 Million, While China is Forecast to Grow at 16.3% CAGR
The Cheese Powder market in the U.S. is estimated at US$237.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$442.3 Million by the year 2030 trailing a CAGR of 16.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.3% and 9.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$282.9 Million by the year 2030.
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