Global Cheese Powder Market
The global Cheese Powder market was valued at USD 411.7 million in 2016 and is projected to reach USD 731.7 million by 2025, growing at a CAGR of 6.6% from 2017 to 2025.
Cheese powder demand is majorly influenced the consumer eating habits. The growing consumer preference towards convenience foods along with change in lifestyles is expected to boost demand for cheese powder. The increasing consumption of ready meals is expected to have a positive impact on market demand.
1. Market Drivers
1.1 Growing Fast Food Industry
1.2 Rising consumption of convenience foods
2. Market Restraints
2.1 Consumer awareness regarding ill effects of chees
The global Cheese Powder market is segmented on the type, application, and region.
1. By Type:
1.4 Blue Cheese
1.5 American Cheese
2. By Application:
2.1 Savory and Sweet Snacks
2.2 Confectionery and Bakery
2.3 Ready Meals
2.4 Sauces, Gravies, Marinades and Dressings
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Kerry Group PLC
2. Dairiconcepts LP
3. Land O Lakes Inc.
4. Kanegrade Ltd.
5. Karl Heinz Group
6. Commercial Creamery Company
7. Archer Daniels Midland
8. All American Foods
9. Lactosan A/S
10. Aarkay Food Products Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Cheese Powder market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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