Over the forecast period, Europe is expected to exhibit considerable expansion in the global cheese powder market. To penetrate the European cheese powder industry, key players are carefully launching new cheese powder products. For example, in June 2017, Lactosan-Sanovo Ingredients Group introduced a new Edam cheese powder made using microbial rennet. Due to limited arable land and water, the Middle East imports the majority of its food. Furthermore, regional government authorities in this region have taken significant steps to reduce obesity rates. The Israel Ministry of Health launched a policy to promote healthy eating in 2016 and formed a committee to define the necessary labelling legislation. Food makers and importers are being forced to apply red labels on meals that exceed specified quantities of sodium, sugar, or saturated fat. Such initiatives are expected to limit the growth of the Middle East cheese powder market. In 2016, the North America region held the greatest market share in the global cheese powder market. North America is expected to maintain its dominance over the projection period due to the significant number of cheese powder manufacturers in the region, as well as the desire for eating convenience food. According to the Canadian Dairy Information Centre, per capita cheese consumption in Canada was 12.7 kg in 2015, rising to 13.4 kg in 2016.
In 2021, the Cheese Powder Market was valued at US$ 1.33 billion, and overall Cheese Powder revenue is predicted to expand at a 6.8% CAGR from 2022 to 2029, reaching almost US$ 2.25 billion.
Major Players in the Cheese Powder Industry:
1. Archer Daniels Midland Company: Archer-Daniels Midland is a large oil seed, corn, wheat and other agricultural commodity processor. Furthermore, the corporation controls a vast network of logistical assets for storing and transporting crops around the world. ADM also has a nutrition company that specialises in both human and animal ingredients. In addition, the corporation is a major manufacturer of corn-based sweeteners, starches, and ethanol. Founded 1902. Headquarters are in Chicago, Illinois, USA.(BUSINESS WIRE)--Chicago ADM (NYSE:ADM), a global leader in sustainable human and animal nutrition, has forged a strategic relationship with New Culture, a pioneering animal-free dairy firm, to expedite the development and commercialization of alternative dairy products.
2. Kraft Foods Group, Inc.: Entrepreneur in the food and beverage industry. Customers all over the world can get refreshment beverages, coffee products, cheese and other supermarket items from the company's product line. Founded 1903. Headquarters are in Winnetka, California. Kraft Heinz and TheNotCompany Form Partnership to Globally Accelerate AI-Driven Plant-Based Innovation
3. Kerry Group PLC: Manufacturer of chilled food products for the Irish and British markets. The company produces breakfast items as well as meat snacks. Headquerters in the United Kingdom. Natreon (April 2022) is the most recent acquisition.
4. Aarkay Food Products: Producer of a plant-based food technology aimed at providing consumers with organic foods that taste and feel authentic. The company's technology uses artificial intelligence methods for food development, accelerating innovation and predicting unique combinations of ingredients, allowing for widespread adoption of plant-based alternatives and allowing consumers to avoid chemical foods in favour of plant-based products. Founded 2021. Tel Aviv, Israel, is the headquarters.
5. Land O'Lakes Inc.: Producer of a plant-based food technology aimed at providing consumers with organic foods that taste and feel authentic. The company's technology uses artificial intelligence methods for food development, accelerating innovation and predicting unique combinations of ingredients, allowing for widespread adoption of plant-based alternatives and allowing consumers to avoid chemical foods in favour of plant-based products. Founded 2021. Tel Aviv, Israel, is the headquarters.
6. Commercial Creamery Company: Established in 1908. The manufacturer of dairy powder meant to add flavour to ordinary foods. The powder offered by the company is of unrivalled quality, being SQF certified, organic, kosher, halal, non-GMO project verifiable, bespoke mixing, and specialised flavours, allowing consumers to add quality and taste to their cuisine. Headquarters are in the United States.
Definition: Cheese powder is essentially dehydrated cheese.
