The Global Cheese Powder Market was worth USD 437 million in 2016 and is estimated to be growing at a CAGR of 6.73%, to reach USD 605.22 million by 2021.

Hyderabad, India -- (SBWire) -- 03/06/2018 --The report " Cheese Powder Market By Type (Cheddar, Mozzarella, Parmesan, American, And Blue), Application (Bakery & Confectionery, Sweet & Savoury Snacks, Sauces, Dressings, Dips & Condiments, And Ready Meals), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)", The Cheese Powder market is expected to reach USD 605.22 Million by 2021 from an estimated USD 437 Million in 2016, at a CAGR of 6.73%. The factors such as rapid changes in lifestyles of individuals and fast growth in fast food chains and increased consumption of cheese are inducing the growth in this market.

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By type, the highest volume of share of the market is contributed by cheddar segment in 2016
By type, the Cheese Powder market has been segmented into Mozzarella, Cheddar, Parmesan, American, And Blue. In 2016, the largest share of the global Cheese Powder market is commandeered by cheddar segment. The parmesan segment is likely to experience a good growth rate during the forecast period mentioned.
By application, the largest share of the market is possessed by ready meals segment in 2016

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Depending on application, the Cheese Powder market has been segmented into Bakery & Confectionery, Sauces, Sweet & Savoury Snacks, Dips & Condiments, Dressings And Ready Meals. In 2016, the largest share of the global Cheese Powder market is contributed by ready meals segment. The growth in this segment is due to increasing busy life styles and rapid urbanization.
North America dominated the market in 2016

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The highest share of the Cheese Powder market in 2016 is possessed by North America, followed by Europe. The North American Cheese Powder market valued for more than 30% of global market share. APAC is expected to show high growth rate during the forecast period due to increasing population rising demand for ready made foods owing to rise in cheese powder market growth.
The various players in the Cheese Powder market include Land O'Lakes Inc., Kanegrade Limited, Kraft Foods Group Inc., Lactosan A/S, Archer Daniels Midland Company, DairiConcepts LP and Kerry Group Plc.

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