San Francisco, California, February 08, 2018: The global cheese powder market is thrived by manufacturers of all sizes, which accounts for a markedly competitive landscape. The low barrier to entry with potential opportunities for growth is likely to make the market largely fragmented, notes TMR Research. Top players who hold a prominent position in the market include All American Foods, Inc., Archer-Daniels-Midland, Archer-Daniels-Midland, Kanegrade, Land O’Lakes, Aarkay Food Products, Dairy Farmers of America Inc., Thornico, The Kraft Heinz Company, and Kerry. Several prominent players are actively investing in technical expertise for developing products with a variety of flavors and nutritional benefits to meet unique requirements of various end users. This is likely to help them gain a better foothold in the market.
TMR Research observes that in the coming years, a number of global players with financial clout are expected to ink partnership deals with regional players, in a move to consolidate their geographic reach. They are also likely to bolster their distributing channels to strengthen their positions. A new report by TMR Research, titled, “Cheese Powder Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022,” offers elaborate assessment of prominent growth drivers and restraints, notable trends, lucrative avenues, and the competitive dynamics. The study takes a closer look at recent technological advancements in various regions and the key factors affecting the potential of new products among consumers.
The increasing popularity of healthy ready-to-eat foods fueled by a hectic lifestyle of people in various parts of the world is contributing to the demand for cheese powder. In various developing and developed regions, the rising demand for convenience foods that offer nutritional benefits across populations is a notable trend bolstering the demand for cheese powders. The pace of urbanization in several emerging economies is a prominent factor expected to aid in the swift expansion of the cheese powders market.
The benefits of ease of preparation, stable flavor, longer shell life, and innovative texture adds to the attractive profile of cheese powder. Furthermore, cheese powders do not need cold storage, which is a compelling proposition fortifying their demand.
However, the unregulated consumption of cheese powders may be associated with obesity and negative effects on metabolic processes in people. As people becoming increasingly health-conscious of the adverse effects of high-calorie foods, they may be skeptical in trying cheese powder. Nevertheless, the advent of products with a variety of nutrients and exotic flavors is positively impacting the demand for cheese powder. The use of cheese powder in creating customized cheese seasonings and blends.
Some of the key applications of cheese powders can be in bakery and confectionery, ready meals, dressings, sweet and savory snacks, dips, condiments, and sauces. Regionally, North America is a prominent market driven by widespread consumption of convenience foods. The demand for healthy ready-to-eat dairy products in various countries is expected to boost the regional market.
Europe is another regional market likely to exhibit a substantial consumption of cheese powder. The extensive demand is fueled by the surging popularity of ready-to-eat meals among the populations. Meanwhile, Asia Pacific excluding Japan is an attractive market for cheese powders over the forecast period. A burgeoning middle class population in emerging economies of the region will stoke the demand for ready-to-eat foods such as cheese powders. The substantial rise in disposal income bodes well for the regional market. The ease of availability of raw materials in various countries of the region is a notable factor likely to accentuate the growth of the regional market. Other key regional markets can be the Middle East and Africa (MEA) and Latin America.
• Cheese powder riding on the back of rising consumption of ready-to-eat and convenience foods in various regions, especially in emerging and developed economies.
• The advent of cheese powders with exotic flavors, better nutritional profile, is better texture and taste, is unlocking lucrative prospects for market players.
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