North America Cheese Powder Market Players: Land O’lakes, Inc., Kerry, The Kraft Heinz Company, And Lactosan A/S
North America Cheese Powder Industry Overview
The North America cheese powder market size was valued at USD 1,418.50 million in 2020 and is expected to witness a compound annual growth (CAGR) of 4.9% from 2021 to 2028. Increasing demand for natural flavors and ingredients from the food and beverages sector is expected to be a key driver for market growth. Changing consumer lifestyles and the high urbanization rate in North American countries are contributing to the growth of the Ready-To-Eat (RTE), and snacks segments, which, in turn, is driving the demand for exotic foods and flavors. However, increasing concerns regarding the safety of products and stringent regulations related to sanitation, labeling, storage, and processing of products could be a challenge for the industry participants.
The U.S. was the worst-hit country by the Covid-19 pandemic in 2020. Preventive measures to contain the spread of the infection resulted in countrywide lockdowns throughout 2020, which majorly affected restaurants, food chains, and fast-food outlets in the country. The higher unemployment rate and high inflation due to reduced supplies affected the restaurant industry in the U.S., leading to reduced product demand.
Gather more insights about the market drivers, restraints and growth of the North America Cheese Powder market
The global fast-food industry generated a revenue of over USD 647.7 billion in 2019, the U.S. alone contains over 200,000 fast-food restaurants. The rapid expansion of the middle-class population in emerging countries, such as Mexico, has increased the demand for fast foods. Also, there has been a shift in the dietary patterns and food habits of consumers who seek both quality and convenience in their food choices.
The fast-food industry is highly influenced by the changing lifestyle of the younger population, especially millennials. Fast food brands have been evolving with changing consumer trends, which is expected to have a positive impact on cheese powder market growth in the North America.
Browse through Grand View Research's Consumer Goods Industry Related Reports
- Cheese Snacks Market - The global cheese snacks market size was valued at USD 64.68 billion in 2021 and is expected to expand at a CAGR of 6.3% from 2022 to 2030.
- Fast Food Market - The global fast-food market size was valued at USD 529.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028.
North America Cheese Powder Industry Segmentation
Grand View Research has segmented the North America cheese powder market on the basis of product, application, and region:
North America Cheese Powder Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Cheddar
- Parmesan
- Blue Cheese
- Romano
- Swiss
- Other
North America Cheese Powder Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)
- Snacks
- Bakery & Confectionery
- Dips/Dressings/Dry Mix/Sauces
- Flavors
- Ready-To-Eat
- Others
North America Cheese Powder Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)
- U.S.
- Canada
- Mexico
Key Companies profiled:
Some prominent players in the North America Cheese Powder Industry 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.
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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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