Most
players in the global cheese powder market are looking to expand
their reach in various regions around the globe, says TMR, based on a
recent report filed by Transparency Market Research. They are going
for it by forming strategic collaborations with other local players
and distributors, thus ensuring that cheese powders pervades the food
industry. Our analysts’ research point to an extremely competitive
landscape due to the large number of companies operating in the
market. Thornico, Bluegrass Dairy & Food, Land O'Lakes, Dairy
Farmers of America, Archer-Daniels-Midland, Kraft Heinz, Kerry,
Aarkay Food Products, Kanegrade, and All American Foods, are some of
the most prominent players in the global cheese powder market.
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Numbers
being highly important for depicting the nitty-gritties of any
market’s performance, our analysts have come up with important
market figures, which mainly are centered on revenue collection and
growth. The revenue in the global cheese powder market was valued at
US$355.9 mn in 2017, which is further expected to rise up to US$677
mn by 2022, by displaying an extraordinary CAGR of 13.70%.
The
global cheese powder market is segregated into several segments based
on type of products, application, end user, and regions. Due frequent
utilization of the cheddar cheese powder resulting in an overall high
demand, it is a leading product segment, state our analysts. From a
geographical perspective, the global cheese powder market is
classified into six key regions of North America, Latin America, the
Middle East and Africa (MEA), Japan, Europe, and Asia Pacific. Our
research suggests that North America is likely to dominate the global
cheese powder market.
Rising
Application in Various Dishes Drives Demand
Cheese
being a staple food in most countries, a variety of seasonings made
from it are used in the form of powder to impart flavors to recipes.
The rising preference for diverse flavored dishes all over the globe
is one of the main factors driving demand for cheese
powder. Besides, the market for cheese powders is also being
benefitted by their greater shelf life. This is because they are
prepared by dehydrating real cheese which reduces the moisture, thus
making them shelf stable. They also have a rich flavor and a smooth
texture, which makes them perfectly suited for adding to dips and
sauces or shaking onto popcorn and veggies. This is also upping their
demand in the market.
Popularity
of Convenience Foods Positively Impacts Market
Many
people all over the world prefer ready-to-eat-meals due to hectic and
fast lifestyles, or due to absence of cooking facilities. Such
factors have increased the usage of cheese powders as they are a
quick alternative to typical seasonings and flavorings used in
traditionally cooked food. Such a fast-paced lifestyle is providing a
significant impetus to the global cheese powder market from a
worldwide perspective. Easy availability of convenience foods in
stores, especially in urban areas, has also propelled product sales.
However,
the global cheese powder market also is affected by a few restraints,
which can dampen demand to a degree. The most prominent among them is
the rising health-consciousness among people, which could decrease
the sales of instant foods that make use of cheese powder, which have
a lot of calorie.
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