North America Cheese Powder Market Manufacturers: Land O’Lakes, Inc., ADM, Kerry Group, The Kraft Heinz Company, And Others
North America Cheese Powder Industry Overview
The North America cheese powder market size is expected to reach USD 2.1 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% over the forecast period. The market is majorly driven by the increasing demand for convenience foods owing to a time-constrained lifestyle. The increasing awareness about the harmful effects associated with synthetic food ingredients is further driving the growth of natural ingredients, such as cheese powders, in the region.
Consumers around the world are demanding convenient solutions that can help with their busy lifestyles and simplify nutritional requirements. Ready-To-Eat (RTE) meals are becoming an essential part of human life. These meals are preferred due to their nutritional values, ease of preparation, and availability of a wide selection. These meals have played a significant role in the growth of the food & beverage industry and are highly popular among end-users.
The U.S. fast-food industry has witnessed tremendous growth from being a mere USD 6 billion industry in 1970 to more than USD 250 billion in 2019. People have been increasingly focusing on the ingredients and flavors used in the food products along with their origin. This changing trend has pushed manufacturers to offer new and innovative ingredients, helping the growth of the market.
The foodservice and retail sectors are finding major opportunities for the product across the globe. Millennials are pushing manufacturers to think out of the box as this generation prefers products that are healthy, high in proteins, easy-to-use, and taste good. Their needs have a huge impact on the way products are manufactured, including the packaging elements.
However, the increasing occurrence of lactose intolerance and milk allergies is expected to hinder the growth of the cheese powder market over the forecast period in North America. Lactose intolerance is a very common trait found across almost every part of the world and over 60% of the global population has some levels of milk allergies. Consumers with lactose intolerance are turning their focus toward lactose-free plant-based alternatives to incorporate the necessary calcium and vitamins in their diet, which is expected to create challenges for the market in the region.
North America Cheese Powder Market Segmentation
Grand View Research has segmented the North America cheese powder market on the basis of product, application, and region:
Based on the Product Insights, the market is segmented into Cheddar, Parmesan, Blue Cheese, Romano, Swiss, and Other.
- The cheddar cheese powder segment dominated the market in 2020 with a revenue share of over 40%. Cheddar cheese is a ripened, hard cheese and has a long shelf life. It has a high demand due to its distinct flavor, taste, and aroma. Increasing demand for specialty and premium flavors is expected to create opportunities for the growth of this segment.
- Other cheese powders including Blue cheese, Romano, and Swiss. These are also gaining popularity owing to their exotic taste. These products are anticipated to grow considerably on account of their utilization in a wide range of applications, such as snack seasonings, salad dressings, dips, sauces, and topical snack coatings.
Based on the Application Insights, the market is segmented into Snacks, Bakery & Confectionery, Dips/Dressings/Dry Mix/Sauces, Flavors, Ready-To-Eat, and Others.
- The snacks application segment dominated the market with a share of 26.9% in 2020. The global sales of snacks totaled approximately USD 519.6 billion in 2020 and North America held a significant share of it. The sales grew significantly in Mexico owing to growing per capita disposable incomes, presenting a potential growth opportunity for the industry.
- Cheese powder is a popular flavoring agent with a natural origin and long shelf life without the addition of preservatives. Consumers are favoring natural ingredient-based food products owing to growing awareness related to the ill effects of synthetic flavors, which is responsible for the high demand for clean label products in North America.
- The RTE application segment is expected to witness a revenue CAGR of 5.7% over the forecast period. The global pandemic has boosted the demand for RTE meals in the region owing to the closure of restaurants and foodservice outlets. Moreover, these meals are easy to prepare.
Key Companies & Market Share Insights
The market is highly competitive and is driven by consumer demand and innovative product offerings. The market presents several growth opportunities for new participants owing to the easy availability of raw materials. The continuous shift in consumer preferences has helped stir up the market, which used to be limited to cheddar cheese powder. Factors, such as regional market size, production capacity, demand for new products, competition intensity, labor costs, and infrastructure availability, influence the distribution of final products. These factors act favorably in Mexico, leading to a higher growth rate in the country as compared to the U.S. and Canada. Some of the prominent manufacturers in the North America cheese powder market include:
- Land O’lakes, Inc.
- Kerry
- The Kraft Heinz Company
- Lactosan A/S
- Adm
- All American Foods
- Commercial Creamery Company
- Dairy Farmers of America, Inc.
- Bluegrass Ingredients, Inc.
- Agropur
Order a free sample PDF of the North America Cheese Powder Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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