Dublin, Aug. 28, 2024 (GLOBE NEWSWIRE) -- The "Global Cheese Powder Market by Product (American Cheese, Blue Cheese, Cheddar), Application (Bakery & Confectionery, Dressings & Spreads, Ready Meals & Dairy Food), End-User, Distribution Channel - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Cheese Powder Market size was estimated at USD 666.59 million in 2023, USD 736.45 million in 2024, and is expected to grow at a CAGR of 10.57% to reach USD 1.34 billion by 2030.
It has wide applications in numerous food products, including snacks, bakery items, ready-to-eat meals, sauces & dips, dressings & seasonings, and confectionery. The increasing demand for convenience foods, the shift towards extended shelf life products, and growing awareness about health benefits associated with dairy product consumption increased the need for cheese powder.
Stringent government regulations regarding food safety and quality control measures and fluctuating prices of raw materials such as dairy ingredients affect production costs. Furthermore, the increasing development of organic and clean-label cheese powder products for enhanced nutritional value and the introduction of novel flavors and blends to appeal to various regional palates are estimated to generate lucrative opportunities for cheese powder market in the upcoming years.
Regional Insights
The American cheese powder market is driven by convenience, innovation, and the growing snack food industry. Consumers continue to seek out innovative flavors and demand healthier options, which has led to an increase in cheese-based product launches, such as alternative protein sources, low-fat alternatives, and functional snacks. Europe, the Middle East, and African countries have a long history of cheese production and consumption, creating a high presence of key players in the global cheese powder market.
EU countries are major producers of traditional cheeses for manufacturing premium cheese powders tailored to emerging consumer preferences. The APAC region, due to its large population and growing urbanization rates, represents a rise in convenience food consumption. Manufacturers in the APAC are also investing in research and development (R&D) efforts to create innovative cheese powder products tailored to specific regional preferences, further creating growth opportunities for the cheese powder market in the APAC.
Recent Developments
The Bel Group Partners with Climax Foods to Create Plant-based Cheese
The Bel Group partnered with biotech startup Climax Foods Inc. to develop plant-based cheese using data science and artificial intelligence (AI). Leveraging predictive analytics and AI technology, Climax Foods aims to create plant-based alternatives that closely mimic the texture, flavor, and nutritional density of animal-based products. The collaboration between Bel and Climax Foods represents a significant step toward meeting the growing demand for sustainable and environmentally friendly food options.
Britannia Industries And French Cheese Maker Bel Group's Joint Venture To Offer World-Class Cheese Products To Indian Consumers
Britannia Industries Ltd. and Bel, the French cheese maker, joined forces to establish a collaborative venture to provide a wide range of cheese products to Indian consumers. The joint venture, Britannia Bel Foods Private Limited, offers products featuring the co-branded trademarks Britannia and the Laughing Cow. This strategic partnership between Britannia and Bel Group focuses on expanding the rapidly growing cheese category by introducing innovative products.
Kraft Heinz to sell powdered cheese business to Kerry Group for USD 107.5M
Kraft Heinz has agreed to sell its business-to-business powdered cheese manufacturing business to Kerry Group for USD 107.5 million. As part of this acquisition, Kerry Group took over Kraft Heinz's powdered cheese manufacturing facility in Albany, Minnesota, ensuring a smooth transition. This strategic move is in line with Kraft Heinz's portfolio tailoring strategy, which aims to focus on core businesses while allowing Kerry Group to expand its ingredients offerings.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $736.45 Million |
| Forecasted Market Value (USD) by 2030 | $1347.13 Million |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | Global |
Market Dynamics
Market Segmentation Analysis
- Product: Wide use of mozzarella cheese powder in food manufacturing
- Application: Extensive use of cheese powder in bakery and confectionery sector
- End-User: Growing applications of cheese powder in the industrial sector for consistent product quality
- Distribution Channel: Increasing penetration of cheese powder in convenience stores and supermarkets
Market Drivers
- Rapid growth of the ready to eat meal and fast food industry
- Increase in consumer spending and rapid urbanization leads to demand of convenience -based food
- Innovative product offerings under cheese segment
Market Restraints
- High cost associated with the product
Market Opportunities
- Advancement in cheese manufacturing methods
- Growing innovations in cheese blends and combination of natural flavours
Market Challenges
- Increase obesity and heart disease incidences
Industry Insights
- Market Disruption Analysis
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
Key Company Profiles
- Aarkay Food Products Ltd.
- All American Foods Inc.
- Aum Agri Freeze Foods
- Commercial Creamery Company
- Dairy Farmers of America Inc.
- Hoosier Hill Farm LLC by Saco Foods Holdings, LLC
- Kanegrade Ltd.
- Kerry Group P.L.C.
- LAND O'LAKES, INC
- Rogue Creamery
- Saipro Biotech Private Limited
- Southwest Cheese Company, LLC
- Uhrenholt A/S
Market Segmentation & Coverage
Product
- American Cheese
- Blue Cheese
- Cheddar
- Mozzarella
- Parmesan
Application
- Bakery & Confectionery
- Dressings & Spreads
- Ready Meals & Dairy Food
- Sauces, Dips & Condiments
- Sweet & Savory Snacks
End-User
- Household
- Industrial
- Distribution Channel
Retailers
- Convenience stores
- Dollar stores
- Supermarkets
- Wholesalers
Region
Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
For more information about this report visit https://www.researchandmarkets.com/r/k2v06
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