Market Research Future (Food and Beverages) Cheese Powder Market Research Report | Page 3

Cheese Powder Market Research Report - Forecast to 2023 2 Market Overview Globally, the market for Cheese Powder has been increasing due to higher demand from the bakery foods and ready to eat foods industry, the key drivers for the market are changing food consumption patterns and advancements in the cheese processing. The retail and foodservice industries are seeing innovations in cheese powder flavors as a major opportunity for expanding their Cheese Powder market. Consumers are readily inclined towards trying new cheese powder flavors in their daily diet which is fueling up the idea positively. The world has witnessed a rise in the health-conscious population. Due to fast-paced lifestyles and long working hours, people have less time for exercise, and eating food with less fat content is the only option they have to stay fit. Because of the increase in obesity-related problems, more and more people are avoiding food with high fat content. All these factors have pushed the demand for low-fat cheese powder. The emerging market opportunities for cheese powder appear to be conducive for the acceptance of convenience food in Europe and North America region. Fresh cheese, along with soft and hard cheese finds wide application in the food sector. Cheese Powder is used in various ready-to-eat meals, convenience foods and fast-foods which is widely consumed on a global level. The popularity of on-the-go food is driving the market for cheese powder as a major ingredient in the food products. The food service industry plays a key intermediary role between producers and processors at one end and consumers at the other end. The consolidation and market concentration of foodservice industry creates multitude of opportunities for the market growth of cheese powder market. High focus on R & D and advancements in technology has led to innovations in cheese powder flavors which is found to be attracting consumers globally. Industry Updates: July 2017 Land O'lakes, Inc. launched clean label & organic cheese powder especially for the popcorn July 2017 Kraft Heinz launched clean label cream cheese powder especially for the biscuits June 2017 Lactosan launched new cheese powder under the brand name of “EDAM” Page | 3 Copyright © 2017 Market Research Future.