(Food-Beverage-News.Com, September 06, 2017 ) According to Publisher, the Global Cheese Powder Market is accounted for $385.90 million in 2016 and is expected to reach $650.95 million by 2023 growing at a CAGR of 7.7% during the forecast period. Expanding demand for convenience food and growing fast food industry are some of the key factors favoring the market growth. However, factors such as growing awareness regarding the ill-health effects of cheese and labeling regulations are hampering the market. Increasing interest in cheese powder and developing market of processed and packaged food in emerging countries are providing the significant growth opportunities for the market.
By cheese type, cheddar cheese segment is expected to occupy maximum share due to expanding utilization of this cheddar cheese in the comfort maintenance and fast food market. By geography, Asia-Pacific is expected to be the fastest growing market for the period owing for high populace consuming products which have cheese powder as their constituents.
Some of the key players in Cheese Powder market include Aarkay Food Products Ltd., Kerry Group PLC, Dairiconcepts, L.P., Land O'lakes, Inc., Archer Daniels Midland Company, Commercial Creamery Company, Kraft Foods Group, Inc. (Kraft Heinz Company), Kanegrade Limited, All American Foods and Lactosan A/S.
Applications Covered: -Sauces, dressings, dips, and condiments -Bakery & Confectionery -Ready Meals -Sweet & Savory Snacks -Other Applications -Processed meat and Egg products -Side Dishes -Creams and Desserts
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -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
