A research led by Global Market Insights, Inc., estimates that cheese powder market may surpass US$775 million over 2025.
Increasing usage of exotic flavors in such food items across the food & beverage sector could broaden the cheese powder market landscape. Meanwhile, growing product significance may encourage its adoption across emerging economies.
Increasing use of dressings and dairy flavors in snacks and bakery products could accelerate cheese powder market growth over the coming years. Lately, snack manufacturers have been focusing on experimenting and developing new products that involve exotic cheese flavors. Rapid business expansion is carried out by prominent fast-food chains that sell cheese-based food items.
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For the record, cheese powders are easy to transport and store, and are convenient to use, making them ideal for fast-food chains. Growing inclination towards away-from-home snacking food pertaining to a busy and hectic lifestyle have boosted the demand for cheese powder market.
In fact, a huge section of the population is inclined towards powdered cheese-based eatables over conventional snacks. A key reason for this popularity could be the product’s outstanding nutritional content and its ability to easily satiate hunger. Surge in the demand for powdered cheese-based snack bars may also favor cheese powder market expansion.
Slated below are some of the major trends fueling cheese powder market growth:
Increasing innovation in product lineup-
Cheese powder manufacturers are constantly focusing on innovating customized products that can easily fulfill certain end-use applications. These customizations include modulation of salt, fat and moisture content.
The high-fat and low-fat variants in cheese powder could massively benefit product adoption. Consumers now choose from a wide variety of cheese options that are well suited for their needs. Moreover, surging demand for low-fat and high-fat cheese variants have enticed suppliers to focus more health-conscious demographic, thus broadening business prospective and consumer base.
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Demand for exotic cheese flavors-
Cheese types like parmesan and gouda are gaining significant prominence across various food products, and are likely to witness surging demand over the coming years.
The U.S.-China trade war is playing an integral role in shaping the product segment’s growth as volatile trade conditions have led to an immense stockpile up of cheddar among the U.S. suppliers. As a result, manufacturers of powdered cheese are anticipated to gravitate towards other cheese alternatives to prevent business loss.
Benefits of parmesan and swiss cheeses-
Parmesan and swiss cheese are renowned to have a fine granular texture and are known to impart solid cheese flavor in the baking dough. Beneficial properties like these could play a key role in strengthening the cheese powder market outlook.
Moreover, key attributes of these cheese types account for a higher taste value from a buyer’s point of view. This could deepen these product’s market prospect, helping generate high demand across untapped territories.
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