Cheese Powder Market Size, Share, Global Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Cheese Powder Market


The global cheese powder market size was estimated at USD 1.10 billion in 2018. Cheese trade worldwide and the demand from developed markets remained robust; however, cheese demand and prices from developing markets remained weak according to information provided by the U.S. Dairy Export Council. Price drops in recent years, coupled with rising population, booming foodservice sector, and rising disposable income, are anticipated to fuel the demand for the product in developing countries.
Cheese powder manufacturers are focusing on providing personalized flavors in the cheddar cheese powder segment, ranging from sweet and buttery to savory flours. In addition, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings.
 
Rising consumer focus on nutritional values offered by the product such as low calories and high proteins and vitamins is projected to have a positive impact on the market. However, shift of consumer base towards vegan diet, owing to factors including animal rights and environment protection, is poised to hinder the growth of the market over the forecast period.
Initiatives taken by manufacturers to offer novel flavors, better quality, and attractive packaging are likely to bode well for the market over the forecast period. These products can be fortified with vitamin D, calcium, and DHA, which can improve their nutritional values.

Market Segmentation, Outlook & Viewpoint: Global Cheese Powder Market


Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Cheddar

Parmesan

Blue Cheese

Romano

Swiss

Others


Applications Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Snacks

Bakery & Confectionery

Dips/Dressings/Dry Mix/Sauces

Flavors

Ready to Eat

Others


Key Players, Recent Developments & Regional Insights: Global Cheese Powder Market


Snack sales amounted to USD 374 billion in 2014 and increased at over 2.0% y-o-y through 2018. The sales grew more than two times faster in developing regions, owing to rise in per capita disposable incomes, presenting a potential opportunity for the industry. Snacks as meal replacements are a growing opportunity in developed regions, owing to increase in working class people.
According to data reported by SPINS, more than 90.0% of adults are snacking daily and the industry offers huge opportunities for product manufacturers. High sales of key snacks such as yogurt, protein bars, and hummus because of their clean labels and whole food ingredients are projected to boost the growth of snacks segment in the cheese powder market.
 
Application of the product in ready to eat foods and snacks is poised to rise at a high rate during the forecast period. People worldwide are gradually inclining towards baked goods and that is a big win for the baking industry. Hence, product demand in the bakery & confectionery products, both at domestic and industrial levels, is likely to create opportunities for manufacturers during the forecast period.

Regional Insights
The market in North America is expected to have a relatively sluggish growth during the forecast period. North America and Europe are the largest cheese consuming regions in the world, both in terms of value and volume. In 2018, they accounted for over three quarter of the global revenue. Dairy product consumption estimates and annual per capita milk show that per capita consumption of cheese products is increasing despite their saturated markets.
More than 274,000 European food and drink companies produce a wide range of foods, satisfying evolving needs of 500 million European consumers every day. The European food and drink industry is highly fragmented and is dominated by various small and medium enterprises. SMEs account for more than 50.0% of the total European market.
In Europe, diets that limit the amount of fat or sugar are most common. More than 20.0% of Europeans are sugar conscious and prefer low amount of fats in their diets. Also, rise in the number of lactose intolerants is also anticipated to compel manufacturers to provide innovative products in order to serve this part of population.
Changing demographics, busy lifestyles, and increasing access to technology are estimated to augment the market in this region. Cheese powders have become an essential ingredient in both domestic and industrial sector owing to its smell and high nutritional content. Spiraling demand for the product is impelling manufacturers to acquire more shelf space, which has resulted in increased cost of the product and can be a threat in the coming years
Cheese Powder Market Share Insights
The industry is highly competitive in nature. It offers various opportunities for new entrants owing to continuous shift in consumer preferences and easy raw material availability. Lactosan launched new products in order to increase calcium levels in their offerings, which have six times more nutrients in comparison to other products.
In this market, factors such as territorial market size, competition intensity, capacity and development of demand, labor availability, and local infrastructure are projected to influence distribution of final products. Companies are directly involved in retailing their products through e-commerce, supermarket, and hypermarket.
Consumer buying behavior has reshaped over past years as availability of product, increase in varieties, convenience in shopping, selection of desired quantity & delivery period, and discount offers have impelled consumers to prefer online retail.

Key Insights Covered: Global Cheese Powder Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Cheese Powder industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Cheese Powder industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Cheese Powder industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Cheese Powder industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Cheese Powder industry.

Research Methodology: Global Cheese Powder Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other