North America Cheese Powder Market Size & Outlook
North America cheese powder market, 2018-2030 (US$M)
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North America cheese powder market highlights
- The North America cheese powder market generated a revenue of USD 1,606.5 million in 2023.
- The market is expected to grow at a CAGR of 6.6% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,606.5 million |
| Market revenue in 2030 | USD 2,516.1 million |
| Growth rate | 6.6% (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, North America region accounted for 35.2% 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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North 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% in 2023. Horizon Databook has segmented the North 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.
The cheese powder market in North America is expected to have a stagnant growth in the forecast period. North America and Europe are the largest cheese consuming regions in the world both in terms of value and volume.
In 2017, they accounted for approximately 70% of the total cheese consumption. Dairy product consumption estimates and annual per capita milk show that per capita consumption of cheese products are increasing despite of their saturated markets.
According to the U.S. Centers for Disease Control and Prevention (CDC), the food allergy rates are increasing at a high rate in the matured markets. Furthermore, Food Allergy Research & Education (FARE) reports that more than 15 million Americans have food allergies which has forced cheese powder manufacturers to provide allergen free products to satisfy the demand of this population.
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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 North America cheese powder market , including forecasts for subscribers. This continent databook contains high-level insights into North America cheese powder market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cheese powder market size, by country, 2018-2030 (US$M)
North America Cheese Powder Market Outlook Share, 2023 & 2030 (US$M)
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