Global Cheese Powder Market 2017-2021
About Cheese Powder
Cheese powder is basically dried powdered form of cheese. The report on the global cheese powder market traverses through the distinct types of cheese powders available in the market. The market encompasses the different applications and consumption patterns of cheese powder in APAC, EMEA, and the Americas. The hectic lifestyle that has led to a lack of cooking time is driving the cheese powder market in the current scenario. The market is majorly supported by the Americas and Europe, who use large volumes of cheese powder in their cooking. The major untapped potential lies in the developing countries of APAC; Middle East; and Africa, where consumers prefer cheese, as cheese powder products are not that common.
Technavio’s analysts forecast the global cheese powder market to grow at a CAGR of 7.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cheese powder market for 2017-2021. To calculate the market size, the report considers the value of cheese powder market and its various segments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cheese Powder Market 2017-2021
Technavio recognizes the following companies as the key players in the global cheese powder market: Archer Daniels Midland Company (ADM), Bluegrass Dairy & Food, Kraft Heinz Ingredients, Kerry, Lactosan, and Land O’Lakes
Other Prominent Vendors in the market are: Aarkay Food Products, Ace International, All American Foods, Commercial Creamery COMPANY, DairiConcepts, Dairy Farmers of America, Food Source International, Glanbia, Hoosier Hill Farm, Kanegrade, and Rogue Creamery.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovations in product offerings. With the world becoming more advanced and urbanized, there has been an increased focus on food safety and healthy eating. People are becoming more aware of the type and the quality of ingredients they consume. There has been an increased trend of organic food habits in the recent past. Organic foods are being preferred as they are free from chemical pesticides and fertilizers. Moreover, organic foods receive certifications and go through arduous quality checks that assure customers about the food integrity.”
According to the report, one of the major drivers for this market is Availability of cheaper raw material from APAC. The global cheese powder market is driven by the availability of raw materials at lower prices in Asian countries. The basic raw material needed for preparation of cheese powder is milk, which is available in abundance in most Asian countries. Countries like India, China, and Thailand are not just the major producers of milk, but also, the major exporters.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material prices. The basic raw material for cheese powder is cheese, and cheese is produced by milk. The gap between the demand and supply of milk during different seasons leads to price fluctuations, which, further, lead to steep production costs of cheese powder.
Archer Daniels Midland Company (ADM), Bluegrass Dairy & Food, Kraft Heinz Ingredients, Kerry, Lactosan, Land O’Lakes, Aarkay Food Products, Ace International, All American Foods, Commercial Creamery COMPANY, DairiConcepts, Dairy Farmers of America, Food Source International, Glanbia, Hoosier Hill Farm, Kanegrade, and Rogue Creamery.