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. The consumption pattern of cheese is observed to shift from the traditional way to a more advanced and innovative way, such as the consumption of low fat and low sodium cheese powders, which would impart more flavor to their food products. Thus, cheese powders are expected to be accepted and grow at a good pace in the coming years.
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Based on application, sauces, dressings, dips, and condiment products are estimated to account for the largest market share of the cheese powder market.
Sauces, dressings, dips, and condiments are commonly used to enhance the flavor of various dishes. When combined with cheese powder, they can create a rich and savory taste profile that appeals to consumers. The combination of different flavors can lead to unique culinary experiences, driving demand for cheese powder in both the consumer and food service sectors. The food service sector, including restaurants and cafes, often uses cheese powder as a cost-effective and flavor-boosting ingredient. By incorporating cheese powder into sauces, dressings, and dips, foodservice establishments can offer unique menu items that stand out to customers.
Cheddar cheese of the cheese powder market by type segment is projected to witness the largest share during the forecast period.
Cheddar cheese has been a popular and versatile cheese variety, enjoyed for its sharp and tangy flavor. It is widely used in various culinary applications, including snacks, sauces, dips, and ready-to-eat meals. The global snack industry has been expanding, driven by changing consumer preferences, on-the-go snacking, and the introduction of innovative snack products. Cheddar cheese powder finds application in the seasoning of various snack items, aligning with the growth of the snack market.
The North America market is projected to contribute the largest share for the cheese powder market.
North America, especially the United States, has been a significant consumer of processed and convenience foods, which often include cheese-flavored snacks and products. This has contributed to the demand for cheese powder as an ingredient. Consumers have shown a growing preference for convenient, ready-to-eat, and portable snack options. Cheese powder is often used to add flavor to such products, aligning with this trend. Cheese powder is a versatile ingredient that provides a concentrated cheese flavor. Its use in various food items helps enhance taste profiles and can make products more appealing to consumers.
Top Companies in the Cheese Powder Market
Major key players operating in the Cheese Powder are Land O’Lakes, Inc. (US), Kerry Group Plc (Ireland), Fonterra Co-operative Group Limited (New Zealand), ADM (US), Commercial Creamery Company (US).
LAND O’LAKES, INC. (US)
Land O’Lakes, Inc. is a well-established farmer- and retailer-owned cooperative that was originally founded with the aim of collaborating to create new market opportunities. The company produces dairy products, animal feed and crop seed in the US. In 1921, it was formed as a cooperative designed to meet the needs of dairy farmers located in the midwestern US. It operates our business through three primary segments: dairy foods, animal feed and crop seed. The company also includes other segments and a diverse group of joint ventures and investments.
The dairy foods business segment of Land O’Lakes is responsible for offering products related to the cheese powder market. Within this segment, Land O’Lakes produces, markets, and sells an array of dairy products, including butter, spreads, cheese, and other related items. These products are marketed under the brand name “Land O Lakes” Ingredients. The company currently operates in US only.
KERRY GROUP PLC (Ireland)
Kerry Group Plc is a leading manufacturer of food ingredients and flavors. It is engaged in the manufacturing and marketing of food ingredients and flavors for the food, beverage, and pharmaceutical industries. The company operates through two business segments: ingredients & flavors and consumer foods. Kerry offers a wide array of food ingredients for food processing centers and markets globally. Its product portfolio also consists of coating systems, sweet ingredients, fruit preparations, cheese & dairy ingredients, and functional dairy & confectionary ingredients needed by the food processing and service industries. The group offers its products under the brand names of Mattessons, Richmond, Wall’s, Ballyfree, Denny, Homepride, Dawn, and Kelly Spring.
The group supplies more than 18,000 consumer foods, food ingredients, and flavor products to customers in 140 countries across Europe, Middle East, and Africa (EMEA); the Americas; and Asia-Pacific. The group has 147 manufacturing facilities in 25 countries.
