DUBLIN, March 17, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/vb7mhz/cheese_powder) has announced the addition of the "Cheese Powder Market - Global Forecast to 2020" report to their offering.
The global cheese powder market is projected to grow at a CAGR of 7.5% from 2015, to reach a projected value of USD 367.9 Million by 2020. The market growth is driven by the increasing demand for cheese powder due to the rapid growth of the convenience foods & fast food industry. The market is also driven by innovative product offerings made by cheese powder manufacturers with the changing dietary habits of consumers and their pattern of consumption of food.
Based on type, the cheese powder market is led by the cheddar cheese segment, followed by the mozzarella cheese segment. Cheese powder manufacturers prefer producing processed cheese owing to its hard nature which makes it easy for handling and its high tolerance towards moisture. Its demand is also increasing from convenience food manufacturers due to an increased demand for its flavor in various food products.
North America is the largest producer and exporter for cheese. North America accounted for the largest share in the cheese powder market, which is followed by Europe and Asia-Pacific. The market in the Asia-Pacific region is projected to grow at the highest rate with investments from several transnational convenience food chains with increasing urbanization in developing countries such as China, India, Indonesia, and Malaysia.
The rising awareness about the ill-health effects of cheese such as obesity, high cholesterol levels, and heart problems is expected to hinder the market growth. Furthermore, studies suggest that the consumption of cheddar cheese may pose an increased risk of breast cancer by increasing the production of galactose from lactose. These effects are likely to restrain the growth of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Cheese Powder Market, By Type
8 Cheese Powder Market, By Application
9 Cheese Powder Market, By Region
10 Competitive Landscape
11 Company Profiles
- Aarkay Food Products Ltd.
- All American Foods
- Archer Daniels Midland Company
- Commercial Creamery Company
- Dairiconcepts, L.P.
- Kanegrade Limited
- Kerry Group PLC
- Kraft Foods Group, Inc. (Kraft Heinz Company)
- Lactosan A/S
- Land O'lakes, Inc.
For more information visit http://www.researchandmarkets.com/research/vb7mhz/cheese_powder
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SOURCE Research and Markets