The market is showcasing evident potential in the mentioned forecasting period. Cheese is believed to be one of the most complex dairy products, as it goes through several chemical, biochemical, and microbiological processes.
According to the report “North America Cheese Powder Market By Type (Cheddar, Mozzarella, Parmesan, American, And Blue), Application (Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, And Ready Meals), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016-2021)” published by Market Data Forecast, the North America Cheese Powder Market was worth USD 131.10 million in 2016 and is estimated to be growing at a CAGR of 6.60%, to reach USD 180.46 million by 2021.
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A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive.The longer shelf life of cheese powder drives the market in the North America region.
Cheese powder is basically dehydrated cheese. Although cheese powder can be made in a number of ways, but the most common viable technique is to melt fresh, whole cheese and spray it through a hot dryer, producing a thick, velvety powder that can then be added to breads and sauces, popcorns and to our surprise can also be added to homemade cheese recipes.
The market is driven by rapid growth in the consumption of dairy products, Cheese being the major one of them, in the North America region. In the recent times, USA and Canada are observing an increasing demand of cheese powder, mainly due to the increased disposable income, changes in the lifestyle and eating patterns.
This is fueling the growth of the cheese powder market in this region. North America is the largest producer and exporter of cheese.
The major factor restraining the growth of the cheese powder market is the high cost of production and stringent regulations. One such example is the ban imposed by the U.S.
FDA on the production and sale of artisanal cheeses is expected to hinder the market growth. Other factor restraining the growth of the region is the health concerns associated with cheese powder i.e.
obesity, heart problems and higher cholesterol levels.
The North America Cheese Powder market is broadly categorized into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). Based on Application, the market is further segmented into Bakery & Confectionery, Sweet & Savory Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals.
Cheddar Cheese Powder accounted for the highest revenue of the overall market and Parmesan Cheese Powder is anticipated to witness high growth rate during the forecast period. Based on geography, the North America market is analyzed under various regions namely USA and Canada.
The cheese powder market was dominated by USA, with the overall market share of over 60%. USA was followed by Canada. Canada is predicted to grow at a rapid pace in the coming few years.
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Some of the leading companies in North America Cheese Powder market are:
- Land O’Lakes, Inc.
- Kerry Group Plc
- Kraft Foods Group, Inc.
- Archer Daniels Midland Company
- DairiConcepts, LP
- Kanegrade Limited
- Lactosan A/S.
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