Asia Pacific Cheese Powder Market Size & Outlook
Asia Pacific cheese powder market, 2018-2030 (US$M)
Related Markets
Asia Pacific cheese powder market highlights
- The Asia Pacific cheese powder market generated a revenue of USD 666.7 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, cheddar cheese powder was the largest revenue generating product in 2023.
- Swiss Cheese Powder is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 666.7 million |
| Market revenue in 2030 | USD 1,107.7 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Cheddar cheese powder |
| Fastest growing segment | Swiss Cheese Powder |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cheddar Cheese Powder, Parmesan Cheese Powder, Blue Cheese Powder, Romano Cheese Powder, Swiss Cheese Powder, Other Cheese Powders |
| Key market players worldwide | Kerry Group PLC Class A, The Kraft Heinz Co, Archer-Daniels Midland Co, LAND O'LAKES, Lactosan, Commercial Creamery Company, Kanegrade, Aarkay Food Products Ltd, All American Foods, Inc., DairiConcepts |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 14.6% of the global cheese powder market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,107.7 million by 2030.
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Cheese Powder Market Scope
Cheese Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cheese powder market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cheese powder market will help companies and investors design strategic landscapes.
Cheddar cheese powder was the largest segment with a revenue share of 40.17% in 2023. Horizon Databook has segmented the Asia Pacific cheese powder market based on cheddar cheese powder, parmesan cheese powder, blue cheese powder, romano cheese powder, swiss cheese powder, other cheese powders covering the revenue growth of each sub-segment from 2018 to 2030.
In 2017, China, India and Japan were the major markets in terms of consumer spending on eating out owing to the rising consumer expectations on quality food and quick service. In addition the rising demand of convenience food because of the busy lifestyles and ageing population has also gained traction in the cheese powder market.
Retail sales data of Asia Pacific shows that consumers are cutting back on certain foods that are high in fats and sodium and are gradually turning towards the healthier options which can hinder the growth of cheese powder market in this region.
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Target buyers of Asia Pacific cheese powder market databook
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Our clientele includes a mix of cheese powder market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cheese powder market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cheese powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cheese powder market size, by country, 2018-2030 (US$M)
Asia Pacific Cheese Powder Market Outlook Share, 2023 & 2030 (US$M)
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