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The Global Cheese Ingredients Market was worth USD 80.79 billion in 2016 and is estimated to be growing at a CAGR of 3.1%, to reach USD 94.11 billion by 2021. The market is showcasing enormous potential in the mentioned forecasting period. Cheese is a food which is derived from milk and is produced in a wide variety of flavours, textures and forms by the coagulation of the protein which is found in milk i.e. Casein. Cheese contains protein and fat from milk, usually the milk produced by cows, buffalos, goats or sheep. The savoury taste and various application of cheese boost the global cheese ingredients market.The Cheese is considered as one of the most intricate dairy products, as it takes account of chemical, biochemical, and microbiological processes. The main stages in the making of cheese are milk coagulation, storage, and acidification and packaging. There are nearly 400 varieties of cheese that can be created by different milk sources.
Some of the major companies dominating the market, by their products and services include Fonterra Co-operative Group, Chr. Hansen Holding A/A, CSK Food Enrichment, E. I. du Pont de Nemours and Company, Koninklijke DSM N.V., and Archer Daniels Midland Company.
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The demand for cheese as a key ingredient in various cuisines is rising globally. Factors such as the rapidly increasing size of the global fast food industry are expected to increase the demand for cheese ingredients. The demand for ingredients used in natural cheese market is majorly driven by the benefits it offers, such as, it is rich in proteins, minerals, vitamins, enzymes, and healthy bacteria (probiotics). The demand for ingredients used for natural cheese production is driven by rising customer awareness about the health benefits associated with it. The major factors restraining the growth of the market are the unfavourable regulatory conditions such as the ban on the use of milk powder or condensed milk in cheese manufacturing in Italy, and the ban imposed by the U.S. FDA on the production and sale of artisanal cheeses is expected to hinder the market growth. Regulations imposed on the usage of additives in cheese production limit the market for additives such as preservatives, in the global market. Beside these, the high production cost of natural cheese is anticipated to decrease the demand for its ingredients in the developing nations.
The Global market for Cheese Ingredients is broadly categorized into Cheese Type (Processed Cheese and Natural Cheese). Based on the type of Ingredients the market is further segmented into Milk, Cultures, Enzymes, and Additive. Natural cheese accounted for the highest revenue of the overall market and is projected to witness high growth rate during the forecast period. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The cheese ingredients market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
The Global Cheese Powder Market was worth USD 437 million in 2016 and is estimated to be growing at a CAGR of 6.73%, to reach USD 605.22 million by 2021. The market is subject to a steady growth and has evident potential in the mentioned forecasting period. 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 nature of cheese powder as an additive that can be used in many recipes, boosts the global cheese powder market.
Some of the major companies dominating the market, by their products and services include Land O’Lakes, Inc., Kraft Foods Group, Inc., Kanegrade Limited, Archer Daniels Midland Company, Lactosan A/S, Kerry Group Plc, and DairiConcepts, LP.
Cheese powder in cheese recipes is ordinarily used for flavour value. Sometimes a cheese, especially one eaten fresh, will taste either bland or pungent, particularly in the case of a goat milk cheese, and the addition of cheese powder can really change the flavour. A high-quality cheese powder usually comprises of cheese, whey, salt and perhaps an anti-caking additive. The ingredient list should be checked before purchasing cheese powder to avoid chemicals and additives.
The cheese powder market is driven by the rapid growth of fast food chains in the developing economies and also due to the increase in the per capita disposable income. People use cheese powder along with many recipes. The increased shelf life of cheese powder also drives the market forward by being a preferred choice for packaged foods manufacturers. The increased consumption of cheese and cheese related products has increased the market share for cheese powder. The factors restraining the growth of the cheese powder market include the ill-health effects associated with cheese such as obesity, heart problems, and increased cholesterol levels. This issue restrains the growth of the market.
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The Global market for cheese powder is broadly categorized into Type (Cheddar, Mozzarella, Parmesan, American, and Blue). Based on Application, the market is further segmented into Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, and Ready Meals. Cheddar cheese powder accounted for the highest revenue of the overall market and is followed by Mozzarella cheese powder. Parmesan cheese powder is projected to witness high growth rate during the forecast period. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The cheese powder market was dominated by North America, with the overall market share of over 30% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
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