Cheese Powder Market Growth, Trend, Price, Demand and Forecast Global Cheese Powder Market

Global Cheese Powder Market: Burgeoning Demand for
Convenience Food Accelerates Consumption, Observes TMR
Transparency Market Research points out that Lactosan A/S, Land O’ Lakes, All American Foods, and
Archer Daniels Midland Company are the leading players in the global cheese powder market. Most of
these companies are expected to expand their geographical reach in the coming years to widen their
consumer base. Players are also anticipated to focus on production of innovative products, interesting
marketing campaigns, and attractive packaging methods to strengthen their foothold in the global market.
Diversification of product portfolio will also be one of the important strategies of the players in the market
to maintain their edge over others.
According to the research report, the global cheese powder market is projected to be worth US$481.0 mn
by the end of 2024 from US$256.1 mn in 2015. The market is estimated to experience progress in revenue
earnings at a CAGR of 7.3% between 2016 and 2024.
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North America Shows Dominance due to Changing Lifestyles
The various types of cheeses available in the global market are cheddar, parmesan, mozzarella, blue, and
others. Parmesan cheese is estimated to be the key product segment in the global market as it is projected
to rise at a CAGR of 7.7% during the forecast period. Its extensive usage in the preparation of various items
is expected work in favor of the product segment.
Geographically, the global cheese powder market is segmented into Europe, North America, Europe, Asia
Pacific, Latin America, and the Middle East and Africa. Of all the regions, North America is expected to
dominate the global market in the coming years. The burgeoning demand for convenience food in the region
is anticipated to play a vital role in defining the trajectory of the North America cheese powder market in a
positive manner throughout the forecast period. Changing lifestyles, growing disposable incomes, and
increasing expenditure on premium food items are some of the key factors propel the rise of the regional
market.
Shifting Dietary Habits Characterized by Ready-to-Eat Meals Drive Global Cheese Powder Market
The primary growth driver for the global cheese powder market is the unstoppable demand for convenience
food across the world. The lack of time to make elaborate meals using conventional methods has been
responsible for the growing sales of packaged food items and quick and easy meal options. The rise in the
number of working women, increasing per capita income, and shifting food habits have collectively spiked
the demand for cheese powder as these same factors have lured in a widening consumer base that is
increasingly spending on readymade meals. The low cost of production of cheese powder due to the
availability of raw material on a large scale has also boosted the growth of the overall market.