The North America Cheese Powder Market would witness market growth of 8.5% CAGR during the forecast period (2021-2027).
Dairy products are made up of milk, and cheese is one of them which is available in different textures, flavors, and shapes in the market. Cheese is a vital component of the human diet as a gourmet and chief nutritional food. It is enriched with vitamins and minerals and is a highly nourishing product. Cheese powder is obtained by dehydrating the hard cheese. The cheese powder can be used as an alternative to hard cheese as its shelf life is more than the hard cheese, also it is easy to store, and manageable. Key companies are using several strategies like presenting various flavors of cheese powder to acquire the largest market share. Cheese powders contain ingredients that are low in salt & fat and also include reduced-sodium products.
The increasing demand for ready-to-eat food along with high urbanization would fuel the regional growth of the cheese powder market. The growing demand for natural flavor and ingredient-based food products is estimated to propel the growth of the regional cheese powder market. The shifting consumer lifestyle and food patterns are accelerating the demand for cheese powder in this region.
Moreover, there are several nations in this region, which are witnessing high demand in the snack category that would further contribute to the high growth of the cheese powder market over the forecast period. Exotic food and flavors are gaining more traction in this region, which would surge the demand for cheese powder in the region. Though, the growing health concerns related to the safety of products would pose a challenge to the regional market growth.
The US market dominated the North America Parmesan Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $112.5 million by 2027. The Canada market is experiencing a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.3% during (2021 - 2027).
Based on Products, the market is segmented into Cheddar, Parmesan, Blue Cheese, Romano, Swiss and Others. Based on Applications, the market is segmented into Snacks, Flavors, Ready to Eat, Bakery & Confectionery, Dips/Dressings/Dry Mix/Sauces and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cheese Powder Market is Estimated to Reach USD 2.2 Billion by 2027 at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Shandong Bigtree Dreyfus Special Meals Food Co., Ltd., Commercial Creamery Company, Kanegrade Ltd., Aarkay Food Products Ltd., Kerry Group PLC, The Kraft Heinz Company, Land O’Lakes, Inc., Archer Daniels Midland Company, Dairy Farmers of America, Inc., and Uhrenholt A/S (F. Uhrenholt Holding A/S)
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