(Food-Beverage-News.Com, November 11, 2017 ) According to the report Global Cheese Powder Market, published by Market Data Forecast, the Global market is projected to reach USD 645.95 million by 2022, at a CAGR of 6.73% from 2017 to 2022.
Cheese powder is basically dehydrated cheeses which is made by melting fresh, whole cheese and spray it through a hot dryer producing velvety powder. It is added to number of food items like breads, popcorns, sauces and many homemade recipes. It is most commonly made from cheddar. Generally, a high-quality cheese powder contains cheese, salt, whey and an anti-caking additive. The market is subject to a steady growth and has evident potential in the mentioned forecasting period.
Global Cheese Powder Market: Drivers & Restraints The Global Cheese Powder market is driven by the increased consumption of cheese and cheese related products, rapid growth of fast food chains in the developing economies, increased shelf life of cheese powder, including cheese powder in many recipes, increase in the per capita disposable income and technology advancements are driving the growth of the market.
However, ill-health effects associated with cheese such as obesity, heart problems, and increased cholesterol levels are restraining the growth of the market.
By Geography North America o United States o Canada Europe o U.K o Spain o Germany o Italy o France Asia-Pacific o China o India o Japan o Australia o South Korea Latin America o Brazil o Argentina o Mexico o Rest of Latin America Middle East & Africa o Middle-East o Africa
Global Cheese Powder Market: Overview In product segment, cheddar cheese powder accounted for the highest revenue of the overall market and it is followed by Mozzarella cheese powder. Furthermore, Parmesan cheese powder is projected to witness high growth rate during the forecast period. In application segment, Bakery & Confectionery have the largest share in terms of revenue in the Global Cheese Powder Market due to change in people life style and rise in bakery industry.
The Global Cheese Powder Market is dominated by North America in 2017 with the region accounting for 30% of the overall market share. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years due to the increase in population and emerging economies in countries like China and India. Global Cheese Powder Market: Key Players
Some of the major companies dominating the market, by their products and services include Land OLakes, Inc., Kraft Foods Group, Inc., Kanegrade Limited, Archer Daniels Midland Company, Lactosan A/S, Kerry Group Plc, and DairiConcepts, LP.
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