(Food-Beverage-News.Com, November 01, 2017 ) The North America Cheese Powder Market was worth USD 131.10 million in 2016 and is estimated to be growing at a CAGR of 6.60%, to reach USD 180.46 million by 2021. The market is showcasing evident potential in the mentioned forecasting period. Cheese is believed to be one of the most complex dairy products, as it goes through several chemical, biochemical, and microbiological processes. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The longer shelf life of cheese powder drives the market in the North America region.
The market is driven by rapid growth in the consumption of dairy products, Cheese being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of cheese powder, mainly due to the increased disposable income, changes in the lifestyle and eating patterns. This is fuelling the growth of the cheese powder market in this region. North America is the largest producer and exporter of cheese. The major factor restraining the growth of the cheese powder market is the high cost of production and stringent regulations. One such example is the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth. Other factor restraining the growth of the region is the health concerns associated with cheese powder i.e. obesity, heart problems and higher cholesterol levels.
North America Cheese Powder Market Segmentation:
• By Type: Introduction, Cheddar, Mozzarella, Parmesan, American and Blue
• By Application: Introduction, Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments and Ready Meals
• By Geography: Introduction, United States and Canada
Cheese Powder accounted for the highest revenue of the overall market and Parmesan Cheese Powder is anticipated to witness high growth rate during the forecast period. Based on geography, the North America market is analysed under various regions namely USA and Canada. The cheese powder market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
Key Players:
There are many companies which are dominating the market; some of the key players include Land O’Lakes, Inc., Kerry Group Plc, Kraft Foods Group, Inc., Archer Daniels Midland Company, DairiConcepts, LP, Kanegrade Limited, and Lactosan A/S.
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