Cheese Powder Market size is was valued at USD 610 million in 2021, growing at a CAGR of 14.3% from 2022 to 2028. The global market provides a detailed overview of the global cheese powder market, and that can be segmented by cheese type, by application, and by distribution channel. By cheese type, the global cheese powder market has been segmented into Cheddar Cheese, American Cheese, Parmesan Cheese, Gouda Cheese, Mozzarella Cheese, Blue Cheese, and Others. The Cheddar Cheese powder segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the upcoming forecasted years. Based on application, the global cheese powder market is segmented into Ready Meals, Sweet and Savory Snacks, Confectionary and Bakery, Condiments, Dips, and Sauces, Others. Among these, the ready meals segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on the distribution channel, the segment has been segregated into Super Markets & Hyper Markets, Online Stores, Departmental Stores. The Super Markets & Hyper Markets segment is expected to dominate other segments in the global cheese powder market. The online stores segment is expected to witness the highest CAGR during the forecast period according to precision business insights. Cheese is a dairy product derived from the milk which forms by the coagulation of milk protein known as casein. Cheese is a highly nutritious and rich in vitamins and minerals and produced in different textures, flavors, and shapes. Cheese powder is prepared by dehydrating hard cheese. Cheese powder is commonly used in the food and beverages for improving the flavor of the products.
In July 2022, Madryn foods launched new Welsh cheese crisps to create new varieties in the market.