India Cheese Powder Market Size & Outlook, 2023-2030
India cheese powder market, 2018-2030 (US$M)
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India cheese powder market highlights
- The India cheese powder market generated a revenue of USD 88.5 million in 2023 and is expected to reach USD 159.4 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% 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.
Cheese powder market data book summary
| Market revenue in 2023 | USD 88.5 million |
| Market revenue in 2030 | USD 159.4 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Cheddar cheese powder |
| Fastest growing segment | Swiss Cheese Powder |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 1.9% of the global cheese powder market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cheese powder market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 159.4 million by 2030.
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Cheese Powder Market Scope
Cheese Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 40.23% in 2023. Horizon Databook has segmented the India 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.
The food industry in India has been flourishing in the recent times owing to the increasing disposable income of middle class. According to NRAI (National Restaurant Association of India) foreign brands have grabbed more than 60% of the Indian QSR market.
In addition, over 80% of the foodservice sector is unorganized which shows that international brands have acquired a huge share of the small pie. The penetration of international brands and the rising trend of fast food is expected to drive the growth of cheese powder market in this region.
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Target buyers of India 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 country-level data and insights on the India cheese powder market , including forecasts for subscribers. This country databook contains high-level insights into India cheese powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cheese powder market size, by product, 2018-2030 (US$M)
India Cheese Powder Market Outlook Share, 2023 & 2030 (US$M)
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