The global cheese powder market size is expected to showcase considerable growth during the forecast period. This is attributable to the increasing consumption of processed food products and the growing demand for ready-to-eat products that will propel the adoption of innovative cheese powder products across the globe. This information is published by Fortune Business Insights in its upcoming report, titled, “Cheese Powder Market Size, Share and Industry Analysis, By Type (Cheddar, Mozzarella, Parmesan, Blue Cheese, Others), By Application (Ready-to-cook/Ready-to-eat Meals, Sauces, Dressings, and Dips, Bakery Snacks and Dessert, Soups) and Regional Forecast, 2019-2026.”
The global pandemic has led to a major downturn in the operations of several industries. Although disruption in the supply chain and raw materials has impacted several sectors, the food and beverage industry is anticipated to garner considerable growth in the forthcoming years. Owing to the huge demand for essential services such as food products, the market is anticipated to remain positive during the global pandemic.
Cheese powder is primarily dehydrated cheese that is extensively used for preparing dry snacks and fillings. They are mostly produced from cheese variants such as cheddar through freeze-drying and spray-drying process. In addition to this, it serves as a flavor enhancer when added to several food products.
What does the Report Include?
The global market for cheese powder report includes a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate that will further contribute to the market growth between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to obtain information about the current trends and industry developments that will drive the market growth during the forecast period.
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Increasing Consumption of Processed Food Products to Aid Growth
The evolving consumer pattern and hectic work schedules is propelling the demand for processed food products that do not require long hours of cooking and can be consumed immediately. This is expected to boost the adoption of cheese powder to enhance the culinary flavors of several dishes. Furthermore, the growing demand for ready-to-eat products that has gained traction since COVID-19 pandemic is expected to boost the global cheese powder market growth in the forthcoming years. For instance, with limited take away options and closed restaurants, the demand for ready-to-eat products is witnessing a dramatic surge in demand globally. The revenue of iD Fresh, an emerging food products company, is experiencing a 20% surge month-on-month since April-2020.
Increasing Demand for Convenience Food Products in North America to Promote Growth
North America The global cheese powder market in the region is expected to showcase substantial growth during the forecast period. This is attributable to the increasing demand for convenience food products due to the presence of a large working population that is likely to drive the demand for innovative cheese powder products.
Europe The market in the region is anticipated to experience substantial growth backed by the growing demand for processed cheese in restaurants and cafes in the region between 2020 and 2027.
Major Companies Focus on Product Innovation to Strengthen Their Market Positions
The global market for cheese powder comprises small, medium, and large companies focusing on developing innovative products to cater to the growing demand for exotic food products. Additionally, the adoption of strategies such as merger and acquisition, collaboration, and partnership by other key players is expected to contribute to the growth of the market in the forthcoming years.
- January 2021 Kraft-Heinz, one of the leading food and beverage companies, unveiled a new variant of pink macaroni and cheese made specially for Valentine’s day. The company is a pioneer in the food industry and has several products at its disposal.
List of the Companies Operating in the Global Market for Cheese Powder:
- Fonterra Co-operative Group
- First Choice Ingredients
- The Kraft Heinz Co.
- Lactosan A/S
- Land O’Lakes, Inc.
- Kerry Group
- Kanegrade Ltd.
- Aarkay Food Products Ltd.
- All American Foods, Inc.
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