Cheese Powder Market Forecasts to 2028 – Global Analysis By Type (Mozzarella, Cheddar, Parmesan, Blue Cheese, American Cheese, Feta, Gouda, Swiss, Asiago, Other Types), Category (Natural, Processed), and By Geography

Cheese Powder Market Forecasts to 2028 – Global Analysis By Type (Mozzarella, Cheddar, Parmesan, Blue Cheese, American Cheese, Feta, Gouda, Swiss, Asiago, Other Types), Category (Natural, Processed), and By Geography

According to Stratistics MRC, the Global Cheese Powder Market is accounted for $626.65 million in 2022 and is expected to reach $1,039.40 million by 2028 growing at a CAGR of 8.8% during the forecast period. Cheese powder is produced by spray drying the mixture of macerated cheese, water & ingredients such as emulsifiers & salts. It can also be made by the addition of whey & water to the mixture and dehydrating it. It is widely used as a seasoning and flavoring agent in various food products. A high-quality cheese powder contains cheese, whey, salt and anti-caking additives. Since there is no standard identity for cheese powder, quality of cheese powders between suppliers varies and may change the components and the taste of the cheese powder. The product has become the best suitable substitute for the hard cheese.

In 2021, global cheese production amounted to about 21.86 million metric tons. The European Union was by far the top producer of cheese worldwide, with a production volume of around 10.35 million metric tons of cheese that year. Among the major cheese producing countries, the United States was ranked second with over six million metric tons of cheese manufactured in 2021, following the European Union with over 10 million metric tons of cheese production that year. Wisconsin was the leading cheese producing state in the U.S. with a cheese quantity that amounted to about 3.39 billion pounds in 2020. California and Idaho rounded off the top three states.

Market Dynamics:

Driver:

Increasing demand for convenience food

The increasing demand for convenience foods is one of the major drivers for the cheese powder market. The busy lifestyle and changes in food preferences of the consumers have resulted in the increasing demand for convenience food. The major industrial users of cheese powders include producers of snacks, soups, sauces, frozen products, and ready-to-eat meals. Snack is the major application of cheese powder due to its easy handling and longer shelf life. Its usage in dry snacks has been largely contributing to the growth of the market.

Restraint:

Rising awareness regarding the ill-health effects of cheese

The rising consumer awareness about the ill-health effects of cheese poses a great challenge to the growth of the global cheese powder market. Obesity, high cholesterol levels, and heart diseases are the major conditions associated with the consumption of processed cheese. Furthermore, studies suggest that the consumption of cheddar cheese may pose an increased risk of breast cancer by increasing the production of galactose from lactose.

Opportunity:

Increasing demand for processed and packaged food

A shift has been observed from staple food towards processed & packaged food products in developing countries such as India and China. Furthermore, growth in the retail channels such as supermarkets and hypermarkets in urban areas in these countries is expected to increase the availability of processed & packaged food. With the rising demand for packaged foods such as snacks, bakery & confectionery products, and ready to eat meals, the demand for cheese powder is likely to grow in the upcoming years.

Threat:

Stringent labelling regulation

The demand for accurate labelling of all the ingredients in the product and specifying the details of the ingredients is on the rise due to growing health concerns. Such information is especially important in the case of food products that contain various additives; for instance, powdered cheese is prepared by adding various ingredients such as whey, caseinate, and maltodextrin. Adhering to these labelling regulations may increase the cost of packaging and labelling, which in turn affects the price of the final products. This leads to low acceptance by consumers, which poses as a challenge for the cheese powder market.

The sweet & savory snacks segment is expected to be the largest during the forecast period

The sale of snacks is faster in developing regions, owing to rise in per capita disposable incomes, presenting a potential opportunity for the industry. Snacks as meal replacements are a growing opportunity in developed regions, owing to increase in working class people. According to data reported by SPINS, more than 90.0% of adults are snacking daily and the industry offers huge opportunities for product manufacturers. High sales of key snacks such as yogurt, protein bars, and hummus because of their clean labels and whole food ingredients are projected to boost the growth of sweet & savory snacks segment in the cheese powder market.

The cheddar segment is expected to have the highest CAGR during the forecast period

Cheddar cheese is hard, ripened cheese with a long shelf life and has gained popularity because of its distinct taste, flavor, and aroma. It is highly popular in Europe and North America. Increasing demand for specialty and premium flavors is likely to escalate the growth of this segment. Cheese manufacturers are focusing on providing personalized flavors in the cheddar cheese powder segment, ranging from sweet and buttery to savory flavors. In addition, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings. For instance, DSM - a science-based company in health, nutrition and sustainable living introduced a portfolio of seven cultures for creating mature and unique taste in this segment. In the coming years, cheese manufacturers predict that cheddar cheese sprinkled with chili and ghost pepper is expected to be an everyday product by 2025.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period. A large number of European food and drink companies produce a wide range of foods, satisfying evolving needs of around 500 million European consumers every day. The European food and drink industry is highly fragmented and is dominated by various small and medium enterprises. SMEs account for more than 50.0% of the total European market. In Europe, diets that limit the amount of fat or sugar are most common. More than 20.0% of Europeans are sugar conscious and prefer low amount of fats in their diets. Also, rise in the number of lactose intolerants is also anticipated to compel manufacturers to provide innovative products in order to serve this part of population. Changing demographics, busy lifestyles, and increasing access to technology are estimated to augment the market in this region. Cheese powders have become an essential ingredient in both domestic and industrial sector owing to its smell and high nutritional content.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR due to the rapidly growing fast-food industry and changing dietary preferences of people in countries like China and India that has led to an increased demand for cheese powder in the region. Furthermore, key players in this market are focusing to establish their position in these developing nations. Cheese powder has become popular in various countries of the region and demand may further increase over the forecast period.

Some of the key players profiled in the Cheese Powder Market include Kerry Group Plc, Kraft Foods Group, Inc. (Kraft Heinz Company), Archer Daniels Midland Company, Land O'lakes, Inc., All American Foods, Lactosan A/S, Aarkay Food Products Ltd, Kanegrade Limited, Commercial Creamery Company, and Dairiconcepts, L.P.

Key developments:

In September 2021: Archer-Daniels-Midland Co said that it had launched a new flavour production facility in China to meet growing demand. The new facility - ADM Food Technology (Pinghu) Co Ltd, located in the eastern province of Zhejiang and about one hour away from Shanghai - marks a further expansion by the global grains trader in the nutrition segment.

In June 2017: Land O’lakes, Inc, which is a manufacturer of dairy ingredients, launched a line of organic cheese powders. Basically, the organic certification will enable the company to command a higher price in the market as compared to its competitors.

Types Covered:
• Mozzarella
• Cheddar
• Parmesan
• Blue Cheese
• American Cheese
• Feta
• Gouda
• Swiss
• Asiago
• Other Types

Categories Covered:
• Natural
• Processed

Sources Covered:
• Conventional
• Organic

Types of Milk Covered:
• Cow Milk
• Goat Milk
• Buffalo Milk
• Camel Milk
• Sheep Milk
• Yak Milk
• Donkey Milk
• Mare Milk
• Reindeer Milk

Applications Covered:
• Bakery & Confectionery
• Sweet & Savory Snacks
• Sauces, Dressings, Dips, Dry Mixes, and Condiments
• Ready Meals
• Flavors
• Imitation and Processed Cheese
• Biscuits & Wafer
• Chips Dusting
• Instant Soup Premixes
• Pet and Baby Food
• Side Dishes
• Creams & Desserts
• Processed Meat & Egg Products

End Users Covered:
• Household
• Industrial

Distribution Channels Covered:
• Hypermarkets
• Supermarkets
• Food Specialty Stores
• Convenience Stores

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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