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The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028.
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CheesePowderMarketworth$895millionby2028– Exclusive Report by MarketsandMarkets™ TheCheesePowderMarketwasvaluedatUSD630millionin2023andisprojectedtoreachUSD895millionby2028, at a CAGR of 7.3 % from 2023 to 2028 according to a report published by MarketsandMarkets™. Theincreasingdemandforconveniencefoodsisoneofthemajordriversofthecheesepowdermarket.Themajorindustrialusersofcheesepowdersincludeproducersofsnacks,soups,sauces,frozenproducts,andready-to-eatmeals.Snacksisthemajorapplicationofcheesepowderduetoitseasyhandlingandlongershelflife.Itsuseindrysnackshasbeenlargelycontributingtothegrowthofthemarket. DownloadPDFBrochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=103908380 Browsein-depthTOCon"CheesePowderMarket” 224– Tables 61– Figures 241– Pages Cheddarcheesepowderinbytypesegmentaccountedforthelargestshareofthecheesepowderin2023intermsofvalue. Cheddarisoneofthemostpopularandwidelyconsumedcheesevarieties,anditstrendsoftenreflectbroaderdevelopmentsinthecheesepowderindustry.Cheddarisarelativelyhardnaturalcheeseandisoff-whiteincolor.Itisthemostwidelyusedtypeofcheeseforthemanufacturingofcheesepowders.Cheddarcheesepowderhaslowcalorie,saturatedfat,salt,andcholesterolcontent.ThishasledtoanincreaseindemandforcheddarcheesepowderinNorthAmericaowingtotherisinghealth-consciousnessamongpeople.Moreover,consumersshowedincreasedinterestinhigh-quality,artisanal,andpremiumcheddarcheeses.Theseofferingsoftencamefromsmall-scaleproducersandwereappreciatedfortheiruniqueFlavorsandproductionmethods. Processedcheesepowderinbyoriginsegmentaccountedforthelargestshareofthecheesepowderin2023intermsofvalue. Processedcheeseproductsarewidelyusedinthefoodserviceindustry,includingquick-servicerestaurantsandcasualdiningestablishments,duetotheirconvenienceandeaseofuseinvariousmenuitems.Processedcheesewasusedasakeyingredientinsnackproducts,suchascheesecrackersandcheesesnacks.ThegrowthofthesnackindustryandthedemandforSavory,flavourfulsnackswerecontributingtotheprocessedcheesemarket.Moreover,processedcheeseproductsaremorecost-effectivethannaturalcheeses,makingthemabudget-friendlyoptionforbothconsumersandfoodserviceestablishments. Readymealsintheapplicationsegmentareestimatedtogrowatthehighestinthecheesepowdermarket. Cheesepowderisusedinreadymealstoaddaspecificcheese’sflavourtothemealortoenhancetheexistingFlavorsinit.Withthegrowinglybusylifestylesofconsumers,thepopularityofreadymealsisrisingindevelopedcountriessuchastheU.S.,Germany,andtheU.K.,amongothers.Thisbooststhedemandforcheesepowderinreadymealsacrossregions.Moreover,readymealmanufacturersareincorporatingcheesepowderfromdifferentcuisinestocreatefusiondishesthatofferablendofflavors.Forexample,cheeseinAsian-inspireddishesorMexican-stylemeals.Readymealsinspiredbyinternationalcuisinesareincorporatingcheesesuniquetothoseregions.Thistrendcateredtoconsumers'growinginterestinglobalflavors. RequestSamplePages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=103908380 TheNorthAmericanregionisexpectedtogrowatasignificantrateintheglobalcheesepowdermarket. Thedemandforcheesepowderisexpectedtogrowintheregionowingtoitswidespreaduseasakeyingredientinsnacks,readymeals,sauces,dips,dressings,andbakeryproducts,amongothers.Thepresenceofnumerousfast-foodchainsandtheproductionofawidevarietyofcheesesareexpectedtodrivethegrowthoftheNorthAmericancheesepowdermarket. Theincreaseddemandforconveniencefoodproductsoffersgrowthopportunitiestocheesepowdermanufacturers.Moreover,thereisagrowingconsumerinterestinhigh-quality,artisanal,andspecialtycheeses.Artisanalcheesemakersaregainingattentionfortheiruniqueflavors,productionmethods,andlocalizedofferings.
MajorkeyplayersoperatingintheCheesePowderareLandO'Lakes,Inc.(US),KerryGroupPlc(Ireland),FonterraCo-operativeGroupLimited(NewZealand),ADM(US),CommercialCreameryCompany(US).MajorkeyplayersoperatingintheCheesePowderareLandO'Lakes,Inc.(US),KerryGroupPlc(Ireland),FonterraCo-operativeGroupLimited(NewZealand),ADM(US),CommercialCreameryCompany(US). Get10%FreeCustomizationonthisReport: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=103908380 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machineofferingtodrivesupernormalgrowthforprogressiveorganizationsintheB2Bspace.Wehavethewidestlensonemergingtechnologies,makingusproficientinco-creatingsupernormalgrowthforclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreamsthataresubstitutingexistingrevenuestreamsinthisdecadealone.Weworkwithclientsongrowthprograms,helpingthemmonetizethis$25trillionopportunitythroughourservicelines-TAMExpansion,Go-to-Market(GTM)StrategytoExecution,MarketShareGain,AccountEnablement,andThoughtLeadershipMarketing. Builtonthe'GIVEGrowth'principle,weworkwithseveralForbesGlobal2000B2Bcompanies-helpingthemstayrelevantinadisruptiveecosystem.Ourinsightsandstrategiesaremoldedbyourindustryexperts,cutting-edgeAI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integratesourresearch,facilitatesananalysisofinterconnectionsthroughasetofapplications,helpingclientslookattheentireecosystemandunderstandtherevenueshiftshappeningintheirindustry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter,LinkedInandFacebook. Contact: Mr.AashishMehraMarketsandMarkets™ INC. 630DundeeRoad Suite430 Northbrook,IL60062 USA:+1-888-600-6441 Email:sales@marketsandmarkets.com ResearchInsight:https://www.marketsandmarkets.com/ResearchInsight/cheese-powder-market.aspVisitOurWebsite:https://www.marketsandmarkets.com/ ContentSource:https://www.marketsandmarkets.com/PressReleases/cheese-powder.asp
