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 |
Major Players.webp "Cheese Powder Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
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.
Cheese Powder Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.1.1 Increase in Consumer Spending on Fast Food
-
1.1.2 Rising Snacking Culture
-
-
1.2 Market Restraints
-
1.2.1 Health Concerns Associated With High Cheese Powder Consumption
-
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Cheddar
-
2.1.2 Parmesan
-
2.1.3 Mozzarella
-
2.1.4 Other Product Types
-
-
2.2 By Application
-
2.2.1 Bakery and Confectionery
-
2.2.2 Ready Meals
-
2.2.3 Sauces, Dressings, and Dips and Condiments
-
2.2.4 Sweet and Savory Snacks
-
2.2.5 Other Applications
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
2.3.1.4 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 Spain
-
2.3.2.2 United Kingdom
-
2.3.2.3 Germany
-
2.3.2.4 France
-
2.3.2.5 Italy
-
2.3.2.6 Russia
-
2.3.2.7 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 India
-
2.3.3.2 China
-
2.3.3.3 Japan
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 South Africa
-
2.3.5.2 Saudi Arabia
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Cheese Powder Market Size 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.
