Who are the key players in Cheese Powder Market?

Kerry Group, Lactosan A/S, Aarkay Food Products Ltd., Dairy Farmers of America Inc. and Land O’Lakes Inc. are the major companies operating in the Cheese Powder Market. Read More

Which is the fastest growing region in Cheese Powder Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cheese Powder Market?

In 2024, the North America accounts for the largest market share in Cheese Powder Market. Read More

What years does this Cheese Powder Market cover, and what was the market size in 2023?

In 2023, the Cheese Powder Market size was estimated at USD 1.26 billion. The report covers the Cheese Powder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cheese Powder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cheese Powder Market Size

Market Size of Cheese Powder Industry

Study Period	2019 - 2029
Market Size (2024)	USD 1.37 Billion
Market Size (2029)	USD 1.99 Billion
CAGR (2024 - 2029)	7.71 %
Fastest Growing Market	Asia-Pacific
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Cheese Powder Market Analysis

The Cheese Powder Market size is estimated at USD 1.37 billion in 2024, and is expected to reach USD 1.99 billion by 2029, growing at a CAGR of 7.71% during the forecast period (2024-2029).

The growing popularity of snacks with cheesy flavors, particularly among millennials and Gen Z consumers, is the primary factor fueling the global demand for cheese powder. According to a survey by Kerry Group, in 2022, 7 out of 10 consumers globally prefer cheese flavors in savory snacks. The dry powdered cheese composition requires no refrigeration before reconstitution with water. They also have a longer shelf life and lower the risk of microbial attack while in storage compared with natural cheese. Therefore, cheese powder is used principally as a flavor ingredient in various processed and convenient food products, such as snacks, sauces, dressings, and ready meals, providing a cost-effective alternative to natural cheese. The key players are also launching innovative products through e-commerce channels to attract a more extensive consumer base and increase their market share. For instance, in February 2024, Heinz, in partnership with Cathedral City, a cheddar cheese brand of Saputo Dairy UK, introduced Heinz Beanz Cheesy on its online platform, Heinz to Home, and in Tesco stores. The 390g cans contain eight percent Extra Mature Cheddar and a small amount of cheese powder.

Cheese Powder Industry Segmentation

Cheese powder is a dehydrated form of cheese processed into a fine, powdered texture. It is commonly used as a flavoring agent and ingredient in various food products, including snacks, sauces, seasonings, and baked goods. The scope of the study covers the type of cheese powder and its application in the food processing industry and food service sector.

The cheese powder market is segmented by product type, application, and geography. By product type, the market is segmented into cheddar, parmesan, mozzarella, and other product types. By application, the market is segmented into bakery and confectionery, sweet and savory snacks, sauces, dressings, dips and condiments, ready meals, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD).

By Product Type
		Cheddar
		Parmesan
		Mozzarella
		Other Product Types

By Application
		Bakery and Confectionery
		Ready Meals
		Sauces, Dressings, and Dips and Condiments
		Sweet and Savory Snacks
		Other Applications

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Spain
	United Kingdom
	Germany
	France
	Italy
	Russia
	Rest of Europe

Asia-Pacific
	India
	China
	Japan
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	South Africa
	Saudi Arabia
	Rest of Middle-East and Africa

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Cheese Powder Market Size Summary

The cheese powder market is experiencing significant growth, driven by the increasing demand for cheesy-flavored snacks, particularly among younger consumers like millennials and Gen Z. The convenience and longer shelf life of cheese powder, compared to natural cheese, make it an attractive ingredient for processed and ready-to-eat foods, such as snacks, sauces, and dressings. This demand is further bolstered by the rise of quick-service restaurants, which benefit from the ease of storage and handling that powdered cheese offers. The North American region, especially the United States, plays a crucial role in this market due to its high cheese consumption and the popularity of convenience foods. Companies are actively innovating and expanding their product offerings to cater to the evolving consumer preferences for new flavors and convenient food options.

The competitive landscape of the global cheese powder market includes both local and international players, with companies like Dairy Farmers of America Inc., Kerry Group, and Lactosan A/S leading the charge. These companies are employing strategies such as product launches, expansions, and acquisitions to enhance their market presence and revenue. The market is also witnessing collaborations and partnerships aimed at expanding production capabilities and supporting sustainable practices, as seen in Lactosan A/S's partnership with a Tanzanian dairy cooperative. The bakery and confectionery sectors in regions like Canada are also contributing to market growth, with cheese powder being a key ingredient in popular snacks. As consumer preferences shift towards natural ingredients and authentic flavors, the market is poised for continued expansion.

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Cheese Powder Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Increase in Consumer Spending on Fast Food
  2. 1.1.2 Rising Snacking Culture
2. 1.2 Market Restraints
  1. 1.2.1 Health Concerns Associated With High Cheese Powder Consumption
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Product Type
  1. 2.1.1 Cheddar
  2. 2.1.2 Parmesan
  3. 2.1.3 Mozzarella
  4. 2.1.4 Other Product Types
2. 2.2 By Application
  1. 2.2.1 Bakery and Confectionery
  2. 2.2.2 Ready Meals
  3. 2.2.3 Sauces, Dressings, and Dips and Condiments
  4. 2.2.4 Sweet and Savory Snacks
  5. 2.2.5 Other Applications
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Spain
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 Germany
    4. 2.3.2.4 France
    5. 2.3.2.5 Italy
    6. 2.3.2.6 Russia
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 India
    2. 2.3.3.2 China
    3. 2.3.3.3 Japan
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Saudi Arabia
    3. 2.3.5.3 Rest of Middle-East and Africa