Transparency
Market Research points out that Lactosan A/S, Land O’ Lakes, All
American Foods, and Archer Daniels Midland Company are the leading
players in the global cheese powder market. Most of these companies
are expected to expand their geographical reach in the coming years
to widen their consumer base. Players are also anticipated to focus
on production of innovative products, interesting marketing
campaigns, and attractive packaging methods to strengthen their
foothold in the global market. Diversification of product portfolio
will also be one of the important strategies of the players in the
market to maintain their edge over others.
According
to the research report, the global cheese powder market is projected
to be worth US$481.0 mn by the end of 2024 from US$256.1 mn in 2015.
The market is estimated to experience progress in revenue earnings at
a CAGR of 7.3% between 2016 and 2024.
Interpret
a Competitive outlook Analysis Report with PDF Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19667
North
America Shows Dominance due to Changing Lifestyles
The
various types of cheeses available in the global market are cheddar,
parmesan, mozzarella, blue, and others. Parmesan cheese is estimated
to be the key product segment in the global market as it is projected
to rise at a CAGR of 7.7% during the forecast period. Its extensive
usage in the preparation of various items is expected work in favor
of the product segment.
Geographically,
the global cheese powder market is segmented into Europe, North
America, Europe, Asia Pacific, Latin America, and the Middle East and
Africa. Of all the regions, North America is expected to dominate the
global market in the coming years. The burgeoning demand for
convenience food in the region is anticipated to play a vital role in
defining the trajectory of the North America cheese powder market in
a positive manner throughout the forecast period. Changing
lifestyles, growing disposable incomes, and increasing expenditure on
premium food items are some of the key factors propel the rise of the
regional market.
Shifting
Dietary Habits Characterized by Ready-to-Eat Meals Drive Global
Cheese Powder Market
The
primary growth driver for the global
cheese powder market is the unstoppable demand for convenience
food across the world. The lack of time to make elaborate meals using
conventional methods has been responsible for the growing sales of
packaged food items and quick and easy meal options. The rise in the
number of working women, increasing per capita income, and shifting
food habits have collectively spiked the demand for cheese powder as
these same factors have lured in a widening consumer base that is
increasingly spending on readymade meals. The low cost of production
of cheese powder due to the availability of raw material on a large
scale has also boosted the growth of the overall market.
Negative
Impact of Persistent Consumption of Cheese Threatens Market Growth
Though
demand for cheese powder has been in a consistent, the overall market
does face a few restrictions. The volatile economic conditions in
developed and underdeveloped countries are expected to hamper the
growth of the global market. Furthermore, the relatively low per
capita income of consumers in underdeveloped nations, unstable
security conditions, and poor business conditions are also expected
to hamper the global market. The next key factor restraining the
growth of the global cheese powder market is the rising awareness
amongst people about the negative effects of consuming cheese powder.
It is a well-known fact that regular consumption of cheese can lead
to obesity, which can cause heart problems and high cholesterol.
This
review is based on Transparency Market Research’s report, titled
“Cheese Powder Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024.”
The
global agricultural disinfectant market can be segmented as follows:-
Global
Cheese Powder Market, by Types
- Parmesan
- Cheddar
- Mozzarella
- Blue
- Others
Global
Cheese Powder Market, by Application
- Sauces and Dips
- Sweet and Savory Snacks
- Bakery and Confectionery
- Others
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