Cheese Powder Market Size, Share & Trends Analysis Report By Product , By Application And Segment Forecasts
The global cheese powder market size was estimated at USD 1.10 billion in 2018. Cheese trade worldwide and the demand from developed markets remained robust; however, cheese demand and prices from developing markets remained weak according to information provided by the U.S. Dairy Export Council. Price drops in recent years, coupled with rising population, booming foodservice sector, and rising disposable income, are anticipated to fuel the demand for the product in developing countries. Cheese powder manufacturers are focusing on providing personalized flavors in the cheddar cheese powder segment, ranging from sweet and buttery to savory flours. In addition, manufacturers are exploring innovative ingredients to develop new flavor profiles and product offerings. Rising consumer focus on nutritional values offered by the product such as low calories and high proteins and vitamins is projected to have a positive impact on the market. However, shift of consumer base towards vegan die...