Latin America Cheese Powder Market Size & Outlook
Latin America cheese powder market, 2018-2030 (US$M)
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Latin America cheese powder market highlights
- The Latin America cheese powder market generated a revenue of USD 249.8 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 249.8 million |
| Market revenue in 2030 | USD 403.8 million |
| Growth rate | 7.1% (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, Latin America region accounted for 5.5% 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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Latin America 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 40.11% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South American Food-to-go market is expected to grow at a higher rate in the forecast period. Brazil, Argentina and Chile remained the key markets for international brands to increase their customer base. In Central & South America the major cheese producing countries have expanded the production.
Brazil, Argentina and Chile have increased their productivity with 57%, 27% and 58% respectively. Alliance of food and beverage associations in Latin America also known as ALAIB is a trade alliance made up of 22 industry organizations across U.S. and the Caribbean, Latin America and the Mexican Council of the Consumer Products Industry (ConMexico) among others.
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Our clientele includes a mix of cheese powder market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cheese powder market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cheese powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cheese powder market size, by country, 2018-2030 (US$M)
Latin America Cheese Powder Market Outlook Share, 2023 & 2030 (US$M)
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