Cheese Powder Global Market Report 2023
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Major players in the cheese powder market are Kerry Group plc, DairiConcepts L.P., Land O’ Lakes Inc., Kanegrade Ltd., The Kraft Heinz Company, All American Foods Inc., Lactosan A/S, Aarkay Food Products Ltd.
New York, March 03, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Cheese Powder Global Market Report 2023” – https://www.reportlinker.com/p06426500/?utm_source=GNW
, Commercial Creamery Company, The Archer-Daniels-Midland Company, Bluegrass Ingredients Inc., Fonterra Co-operative Group, Wild Flavors Inc., First Choice Ingredients and Ace International LLP.
The global cheese powder market grew from $1.35 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The cheese powder market is expected to grow to $2.06 billion in 2027 at a CAGR of 8.7%.
The cheese powder market consists of sales of ready meals, soups, sauces, confectionery, biscuits, baked products, cookies.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The cheese powder are used as a flavor enhancer and filler in a variety of products, including soups, sauces, dressings, and ready-to-eat meals. Cheese powder refers to the dehydrated form of natural cheese made from cheese, water, and melting salt, which is melted, pasteurized, and spray-dried.
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