Cheese Powder Market Size
| 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 |
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*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
Increase in Consumer Spending on Fast Food
Quick-service restaurants (QSRs) have become increasingly popular in recent years, especially among the working population and students due to their busy schedules. QSRs generally feature a few standardized menu items, such as burgers, pizzas, Chinese food, or fish and chips, that can be prepared quickly. Therefore, these establishments often require ingredients that are easy to store and handle and can be incorporated into a wide range of items, thus creating a promising demand for powdered cheese over regular cheese. Powdered cheese has a longer shelf life than fresh cheese, allowing businesses to maintain a consistent supply without frequent restocking, reducing operational disruptions, and minimizing waste. Moreover, the rise of on-the-go snacks with cheesy flavors provides lucrative opportunities for players to introduce innovative products and expand their market share.
North America Holds Prominent Share in the Market
The North American region accounts for a significant share of the global cheese market, owing to the immense popularity of convenience food products and ready-to-eat meals among consumers with busy work schedules. Moreover, the United States contributes substantially to the market growth due to its high per capita cheese consumption. According to the US Department of Agriculture, the per capita consumption of cheese in the United States increased from 40.8 pounds in 2020 to 41.8 pounds in 2022. In addition, manufacturers are constantly innovating products to meet consumer demand for new and exciting flavors. For instance, in August 2023, Kerry acquired Kraft Heinz’s powdered cheese manufacturing facility in Albany, Minnesota, for USD 107.5 million. Through this acquisition, Kerry Group focuses on expanding its ingredient offerings. Besides this, the bakery and confectionery industry in Canada is experiencing significant growth, driven by consumers' preference for convenient, on-the-go food options. Cheese powder is a key ingredient in many popular snacks, such as flavored chips, cheese crackers, and cheese-flavored chips. According to StatCan, the sales value of cookies, confectionery, and snack food in Canada was CAD 4.12 billion in the fourth quarter of 2021, which increased to CAD 4.51 billion in the fourth quarter of 2022.
Cheese Powder Industry Overview
The global cheese powder market is highly competitive and comprises local and international competitors. The demand for natural ingredients and fresh and authentic flavors is increasing as customers prefer to spend more on quality sauces, dressings, and soups for enhanced appearance, texture, and taste. New launches, expansions, acquisitions, and mergers are vital strategies companies adopt to gain higher revenues. Dairy Farmers of America Inc., Kerry Group, AarkayFood Products Ltd, Land O’Lakes Inc., and Lactosan A/S are significant players in the cheese powder market.
Cheese Powder Market Leaders
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Kerry Group
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Lactosan A/S
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Aarkay Food Products Ltd.
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Dairy Farmers of America Inc.
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Land O’Lakes Inc.
*Disclaimer: Major Players sorted in no particular order
Cheese Powder Market News
- September 2023: Grozette and SFA Packaging successfully joined forces to develop a new sprinkler can for Grozette's cheese sprinkles.
- June 2023: Lactosan A/S partnered with Danish NGO Dairy - Mejerifolk uden grænser. The initial motive of the partnership is to help a small dairy cooperative in the district of Kiteto in Tanzania. The Kiteto Dairy Cooperative has a daily milk intake of up to 750 liters and is entirely farm-owned by 60 smallholder farmers.
- January 2023: Cheesepop Food Group expanded its production facility in De Meern, the Netherlands, to start the production of cheese powder solutions.
Cheese Powder Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Increase in Consumer Spending on Fast Food
- 4.1.2 Rising Snacking Culture
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4.2 Market Restraints
- 4.2.1 Health Concerns Associated With High Cheese Powder Consumption
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Cheddar
- 5.1.2 Parmesan
- 5.1.3 Mozzarella
- 5.1.4 Other Product Types
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5.2 By Application
- 5.2.1 Bakery and Confectionery
- 5.2.2 Ready Meals
- 5.2.3 Sauces, Dressings, and Dips and Condiments
- 5.2.4 Sweet and Savory Snacks
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 Germany
- 5.3.2.4 France
- 5.3.2.5 Italy
- 5.3.2.6 Russia
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 South Africa
- 5.3.5.2 Saudi Arabia
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Positioning Analysis
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6.3 Company Profiles
- 6.3.1 Kerry Group
- 6.3.2 All American Foods
- 6.3.3 Lactosan AS
- 6.3.4 Aarkay Food Products Ltd
- 6.3.5 Land O'lakes Inc.
- 6.3.6 Dairy Farmers of America Inc.
- 6.3.7 Bluegrass Ingredients Inc.
- 6.3.8 Commercial Creamery Company
- 6.3.9 Cheesepop Food Group
- 6.3.10 Grozette BV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCheese 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 | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| Germany | ||
| France | ||
| Italy | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Cheese Powder Market Research FAQs
How big is the Cheese Powder Market?
The Cheese Powder Market size is expected to reach USD 1.37 billion in 2024 and grow at a CAGR of 7.71% to reach USD 1.99 billion by 2029.
What is the current Cheese Powder Market size?
In 2024, the Cheese Powder Market size is expected to reach USD 1.37 billion.
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.
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).
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.
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.
Cheese Powder Industry Report
Statistics for the 2024 Cheese Powder market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cheese Powder analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
