Global Cheese Powder Market By Products (Cheddar, Parmesan, Mozzarella, Romano, Swiss, and Other Products), By Applications (Snacks, Bakery & Confectionery, Dips/Dressings/Dry Mix/Sauces, Flavors, Ready to Eat, and Others Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global Cheese Powder Market was valued at USD 2.1 billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 8.6%. It is expected to reach USD 4.7 billion by 2032.

Cheese powder is used for adding flavors to the products. It is a most convenient and affordable option, which also has a longer shelf life, for the flavoring of products. With the rise in the disposable income of the people and the rise in the consumption of snacks and convenient food, the growth of the industry can be seen. This cheese powder can be used in a wide range of food products, such as soups, sauces, seafood, etc.

It can have numerous health benefits, including improved bone health, muscle, and blood pressure regulations, etc., which can positively affect the market’s growth. With the rise in consumer awareness of the high vitamin, low calories, and high protein content, the growth of the market can be seen.

The key market players are focusing on launching new products and expanding the company’s portfolios in cheese powder products, which can drive the growth of the market. The rise in the adoption of cheese among consumers has driven the demand for cheese powder in the market.

Key Takeaways

• Market Growth Projection: The global Cheese Powder Market was valued at USD 2.1 billion in 2022, and it is estimated to register a remarkable Compound Annual Growth Rate (CAGR) of 8.6% between 2023 and 2032, reaching a market value of USD 4.7 billion by 2032.
• Cheese Powder Utility: Cheese powder serves as a versatile flavoring agent for a wide range of food products, including soups, sauces, seafood, and more. It is not only convenient but also cost-effective, with an extended shelf life.
• Health Benefits: Cheese powder is associated with several health benefits, including improved bone health, muscle development, and blood pressure regulation. This nutritional aspect contributes positively to the market’s growth, especially as consumers become more health-conscious.
• Market Drivers: The increasing demand for ready-to-eat products is a significant driver for the Cheese Powder Market. Snacks, soups, and frozen products use cheese powder extensively, thanks to its longer shelf life and ease of use. Additionally, rising disposable incomes lead to greater consumption of such products.
• Market Restraints: Some countries face regulatory hurdles related to product approval, and there’s growing consumer awareness about the potential health effects of cheese consumption, such as high cholesterol levels, obesity, and heart diseases. These factors can limit market growth.
• Cheddar Cheese Dominance: Cheddar cheese holds the largest market share, mainly due to its popularity in the convenience and fast food industry. Its distinct aroma, flavor, and taste make it a preferred choice in North America and Europe.
• Ready-to-Eat Segment Leadership: The ready-to-eat segment dominated the market in 2022, primarily because cheese powder’s extended shelf life enhances the preservation of convenience foods. It requires no refrigeration and maintains consistent quality.
• Regional Analysis: North America leads the market, driven by the shift in consumer preferences towards ready-to-cook and ready-to-eat meals. The presence of key market players in the region and the popularity of clean-label products contribute to its growth.
• Key Players: Major players in the Cheese Powder Market include Land O’Lakes, Inc., Kerry Group PLC, Kraft Heinz Company, Lactosan A/S, Archer Daniels Midland, Commercial Creamery Company, and others. These companies focus on product innovation and partnerships to maintain a strong market position.

Driving Factors

The Rise in the Demand for Ready to Eat Products is Propelling the Market Growth

The rise in the demand for convenience food is the major factor driving the growth of the market. The major key players in the market, which produce soups, snacks, frozen products, etc., are using cheese in large quantities, which is propelling the growth of the market globally. With the ability of longer shelf life and easy handling, snacks are the major application for cheese powder.

The rise in awareness about one of the healthy benefits of dry cheese, which includes high protein and calcium, is driving the growth of the market. The rise in the disposable income of individuals, which eventually increases the consumption of ready-to-eat products, is propelling the growth of the market.

Restraining Factors

An Increase in Awareness Regarding the Ill Health Effects of Cheese is Restraining the Growth of The Market

In some countries, government regulations on product approval are the key factor restraining the growth of the market. Also, the rise in consumer awareness about some of the ill health effects of cheese has a great impact on the growth of the market.

Some of the health issues include high cholesterol levels, obesity, heart diseases, etc., which is the major condition which is associated with the consumption of processed cheese. These are some of the factors which restrain the growth of the market.

Product Analysis

Due to the Rise in the Fast Food Industry, the Cheddar Cheese Segment is Dominating the Market

Cheddar cheese holds the largest market share and dominates the growth of the market. The rise in affiliation of the product in the convenience and fast food market is a factor for the growth of the segment. Cheddar cheese has gained popularity due to its distinct aroma, flavor, and taste.

It is the most popular type of cheese in North America and Europe region. The rise in the demand for specialty and premium flavors is driving the segment’s growth.

Application Analysis

With Longer Shelf Life, the Ready To Eat Segment Dominates the Cheese Powder Market

The ready-to-eat segment dominated the market in 2022. The segment’s growth is because of the cheese powder having a longer shelf life, and it can be added to cheddar and other convenience foods, which can help prevent the food for a longer period of time.

There is no need for refrigeration for the cheese powder, and it has a consistent quality and can be added in controlled quantities. The snack segment will grow at a significant rate during the forecast period.

Key Market Segments

Based on Products

• Cheddar
• Parmesan
• Mozzarella
• Romano
• Swiss
• Other Products

Based on Applications

• Snacks
• Bakery & Confectionery
• Dips/Dressings/Dry Mix/Sauces
• Flavors
• Ready to Eat
• Others Applications

Growth Opportunity

The Rise in the Demand for Processed and Packaged Food is a Major Opportunity

Consumers have shifted their demand from staple food towards processed and packaged food products in developing countries. However, the rise in the growth of retail channels, such as supermarkets and hypermarkets in urban areas, is expected to drive the demand for packaged food.

With the increase in the demand for packaged foods such as bakery, snacks, ready-to-eat products, etc., the demand for cheese powder is growing during the forecast period.

Latest Trends

The Rise In The Application Of Cheese Powder In The Food And Beverages Industry Is The Major Trend.

The major application of cheese powder is in the food and beverage industries. The demand for the products is augmented by the consumer preference for convenience foods. The longer shelf life of the cheese powder is a great choice for packaged food products.

The growth of the demand for cheese powder is driving due to its good taste and flavor. Some of the major players are trying to provide better product quality, along with good flavors, which is the major trend that can propel the growth of the market.

Regional Analysis

North America Dominates The Growth Of The Market.

North America dominates the market and holds the largest market share during the forecast. The consumer’s hectic lifestyle shifted the consumer’s preferences towards RTC and RTE meals, which is driving the growth of the market in the region. The growth of the market in the region can be seen as the majority of the key players of the market are present in the region.

The rise in the innovation of products and the popularity of clean-label products are propelling the growth of the region. The European region is growing at a significant rate during the forecasted period. The rise in the use of cheese powder in restaurants and cafes is fuelling the growth of the market.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The market provides many opportunities for new entrants, with the changing consumer preferences and the availability of raw materials. Companies are heavily investing in research and development activities for the innovation of products in the cheese powder market.

Some of the key players are focusing on partnerships and collaboration with other competitors to gain a strong market position.

Market Key Players

• Land O’Lakes, Inc.
• Kerry Group PLC
• Kraft Heinz Company
• Lactosan A/S
• Archer Daniels Midland
• Commercial Creamery Company
• Kanegrade Limited
• Aarkay Food Products Ltd.
• All American Foods
• Dairiconcepts, L.P
• Other Key Players

Recent Developments

• A new range of cheese powders with high purity was launched by Aarkay Food Products Ltd. in 2021, targeting some the products like mayo, dips, and sauces.
• Organic white cheddar cheese powder was launched by the Land O’Lakes Global Diary Ingredients in 2021, focusing on expanding customer relations.

Report Scope