The cheese powder market is estimated at USD 630 million in 2023 and is projected to reach USD 895 million by 2028, at a CAGR of 7.3% from 2023 to 2028. The cheese powder market is highly impacted by the increasing size of the convenience & fast-food industry and innovative offerings by cheese powder manufacturers. The growth rate of the fast-food industry is significant owing to the changing lifestyles of people around the globe. The US is the dominant market in the fast-food industry and this trend is expected to continue. The emerging economies of the Asia Pacific region are the major markets for cheese powders and are increasingly contributing to their demand, owing to the rising disposable income, rapidly increasing population, and an increase in the demand for processed foods in these countries. The widespread impact of western cuisines on developing regions such as Asia Pacific and Latin America has led to a tremendous increase in demand for cheese-based fast-food products. Moreover, constant innovations offer investment opportunities to cheese powder manufacturers. On the other hand, rising awareness about the ill-health effects of cheese such as obesity, high cholesterol levels, and heart problems, and stringent government regulations for labelling cheese.
LAND O’LAKES, INC. (US)
Land O’Lakes, Inc. is a well-established farmer- and retailer-owned cooperative that was originally founded with the aim of collaborating to create new market opportunities. The company produces dairy products, animal feed and crop seed in the US. In 1921, it was formed as a cooperative designed to meet the needs of dairy farmers located in the midwestern US. It operates our business through three primary segments: dairy foods, animal feed and crop seed. The company also includes other segments and a diverse group of joint ventures and investments.
The dairy foods business segment of Land O’Lakes is responsible for offering products related to the cheese powder market. Within this segment, Land O’Lakes produces, markets, and sells an array of dairy products, including butter, spreads, cheese, and other related items. These products are marketed under the brand name “Land O Lakes” Ingredients. The company currently operates in US only.
KERRY GROU PLC (Ireland)
Kerry Group Plc is a leading manufacturer of food ingredients and flavors. It is engaged in the manufacturing and marketing of food ingredients and flavors for the food, beverage, and pharmaceutical industries. The company operates through two business segments: ingredients & flavors and consumer foods. Kerry offers a wide array of food ingredients for food processing centers and markets globally. Its product portfolio also consists of coating systems, sweet ingredients, fruit preparations, cheese & dairy ingredients, and functional dairy & confectionary ingredients needed by the food processing and service industries. The group offers its products under the brand names of Mattessons, Richmond, Wall’s, Ballyfree, Denny, Homepride, Dawn, and Kelly Spring.
The group supplies more than 18,000 consumer foods, food ingredients, and flavor products to customers in 140 countries across Europe, Middle East, and Africa (EMEA); the Americas; and Asia-Pacific. The group has 147 manufacturing facilities in 25 countries.
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FONTERRA CO-OPERATIVE GROUP LIMITED (New Zealand)
Fonterra Co-operative Group Limited, commonly known as Fonterra, is a leading global dairy co-operative based in New Zealand. The company’s dairy ingredients and solutions brand, NZMP (New Zealand Milk Products), has gained international recognition and stands as a testament to Fonterra’s expertise in the dairy industry. Fonterra’s NZMP brand boasts a vast international footprint, with offices in 14 global locations and a strong reseller network. With customers in over 130 countries, NZMP holds the distinction of being the world’s leading dairy exporter.
Apart from New Zealand, Fonterra has a significant presence in various key regions like North America, Europe, and Asia Pacific. In Australia, NZMP processes around 20% of the country’s milk, making it a substantial contributor to the dairy industry in the region. In Europe, the company’s specialized team produces high-quality ingredients and mozzarella, leveraging the Netherlands’ strategic location. Moreover, through its joint venture, Columbia River Technologies (CRT), Fonterra produces Grade A Whey Ingredients sourced from the US, catering to the North American market.
ADM (US)
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. It operates through four segments- Agriculture services & oilseed: activities related to the agricultural raw material origination, marketing, transportation, and storage, as well as crushing and further processing of oilseeds; Carbohydrate solutions: engaged in corn and wheat wet and dry milling and other activities; Nutrition: offers Food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food are all served by the Nutrition segment. Plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients are among the ingredients and solutions manufactured, sold, and distributed by this segment; and others segment: Other Business includes the Company’s remaining operations such as Investor Services, Insurance activities and more.
The company offers cheese powder from the nutrition business segment, which is further categorized as human nutrition and animal nutrition subsegments. It operates in more than 170 countries globally and has 44 innovation centers, around 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and feed sectors. The company has a presence across Europe, Asia Pacific, Africa, South America, and North America.
Other Notable Players in the Market
Several other manufacturers are also playing significant roles in the global cheese powder market. These companies include:
Lactosan A/S (Denmark)
Lactosan A/S, based in Denmark, specializes in the production of high-quality dairy products, including cheese powders, for various applications in the food industry. The company is renowned for its expertise in developing innovative cheese powder solutions that are used in snacks, sauces, soups, and ready meals. Lactosan focuses on sustainable practices and sourcing its dairy products responsibly. With a strong foothold in Europe and a growing global presence, Lactosan’s cheese powders are formulated to meet the demands of both flavor and functionality, offering products that appeal to consumers seeking both taste and nutrition.
Bluegrass Ingredients Inc. (US)
Bluegrass Ingredients, a U.S.-based company, is a leading manufacturer of cheese powders and related dairy-based ingredients. Known for their focus on innovation and quality, Bluegrass Ingredients serves the snack food, seasoning, and culinary industries with a diverse range of cheese powder products. Their cheese powders are highly valued for their intense flavor, texture, and versatility, making them ideal for a variety of applications, from popcorn and chips to sauces and dressings. Bluegrass is committed to meeting consumer demand for clean label products and has invested in sustainable practices within its production processes.
Commercial Creamery Company (US)
Commercial Creamery Company, located in the United States, has been a key player in the cheese powder market for over 80 years. The company is known for its rich history and expertise in producing high-quality cheese powders for the food industry. Their products are widely used in snacks, dips, and seasonings, with a focus on authentic, full-bodied cheese flavors. Commercial Creamery offers a variety of cheese powder products that meet the needs of food manufacturers looking for premium taste, consistency, and functional ingredients. They are also dedicated to maintaining strong relationships with dairy farmers and sourcing raw materials responsibly.
Dairy Farmers of America, Inc. (US)
Dairy Farmers of America (DFA) is a U.S.-based cooperative that represents over 13,000 dairy farm families across the country. As one of the largest dairy cooperatives in the world, DFA plays a significant role in the production of dairy ingredients, including cheese powders. The company supplies a wide range of cheese powders that are used in snacks, processed foods, and seasonings. DFA’s commitment to sustainability and innovation in dairy production ensures that their cheese powders meet the evolving demands of the global food industry. They also prioritize supporting their farmer-members by offering fair prices and access to markets.
Givaudan (Switzerland)
Givaudan, a Swiss multinational company, is one of the leading manufacturers of flavors and fragrances, including cheese powders for the food and beverage industry. While they are best known for their flavoring solutions, Givaudan also develops a variety of cheese powder products that cater to the snack food, prepared meals, and culinary sectors. Givaudan’s cheese powders are recognized for their ability to deliver consistent and high-quality flavors, which can be customized to meet specific customer preferences. With a focus on sustainable sourcing and innovation, Givaudan is positioned to meet the growing consumer demand for clean-label and natural ingredients in cheese powders.
Arla Foods amba (Denmark)
Arla Foods amba, a cooperative owned by dairy farmers in Denmark, is one of the largest dairy producers in the world. Arla’s cheese powders are highly regarded in the food industry for their premium quality and versatility. The company produces a variety of cheese powders used in snacks, sauces, ready meals, and more. Arla’s focus on sustainability and responsible dairy sourcing ensures that its cheese powders are not only flavorful but also produced with minimal environmental impact. With a strong global distribution network, Arla continues to expand its reach, providing innovative cheese powder solutions to customers around the world.
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These companies have a significant presence in the Cheese Powder Market, each bringing unique strengths and innovations that cater to different sectors of the food market. They also contribute to the ongoing trend of clean-label and sustainable food products, meeting both consumer preferences and environmental goals.