According to a new report Global Cheese Powder Market, published by KBV research, The Global Cheese Powder Market size is expected to reach $2.2 billion by 2027, rising at a market growth of 8.9% CAGR during the forecast period.
The snacks & spreads segment acquired a significant revenue share of the global cheese powder market in 2020. Nowadays, snacks have become a substitute for a meal in the developed regions due to the rise in the workforce and the growing disposable income. Snacks like protein bars, hummus, and yogurt contain whole food ingredients along with clean labels due to this the sale of these products has increased. This factor is accounted to propel the growth of the snacks & spreads segment in the cheese powder market.
The condiments, sauces, dips, & dressings segment is expected to showcase prominent growth over the forecast years. Cheese powder is used to make sauces, which is commonly consumed with pizza, pasta, casseroles, and vegetables. Whereas condiments and dips produced from cheese powder are consumed with fried snacks, vegetables, and wings. Therefore, the demand for cheese powder in dips, dressings, condiments, and sauces would register a promising growth in the Asia-Pacific region due to the increment in the consumption of fast food in this region.
The Asia Pacific is estimated to emerge as the fastest-growing region in the global cheese powder market with a significant market share over the forecast period. It is owing to the factors like swiftly booming fast-food industry and shifting dietary preferences of people in nations such as India, China, and Australia, which has resulted in the high demand for cheese powder in the region.
Full Report: https://www.kbvresearch.com/cheese-powder-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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