The global cheese concentrates market is set to be valued at US$ 1858 million in 2023 and is projected to grow at a CAGR of 5% during the forecast period. The market is expected to reach a valuation of US$ 2979.7 million by 2033. Demand for cheese concentrates is anticipated to showcase year-on-year (Y-o-Y) growth of 7.8% in 2022.
Cheese Concentrates is a cost effective substitute for natural cheese. Cheese concentrates have the flavor strength up to 15 to 20 times than that of the standard cheese. As a result it can be used in the preparation of many food products as low as 0.2%. Cheese Concentrates has a maximum shelf life from 6 to 12 months. Cheese concentrate has a wide range of food application. Cheese concentrates are famously used in the preparation of Cheese sauces and ready meals. In processed cheese, Cheese Concentrates can be used to replace mature cheese partially or fully. Cheese concentrates is being used as flavoring agent in the production of salad dressings, dips and in snack sectors as well.
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Cheese Concentrate Market: Regional Outlook:
The global Cheese Concentrate market has been categorized into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. According to International Market Bureau, United States is the leading country in the global sauces and dressings market. The consumption rate for these product have gone up post-recession period since American consumers turned to packaged food products owing to the busy lifestyle adopted. Moreover, the consumption rate of bakery product is high in the European regions specifically in UK, Germany, France and major parts of Eastern Europe. Taking in account to the fact cheese concentrate being used as the prime ingredient for these products consumed , the value sales for North America and Europe is being anticipated to be higher for Cheese Concentrate market.
Cheese Concentrate Market: Demand Driver:
The global Fat free product market is expected to grow at faster rate in the coming years owing to the rising awareness of its health benefits. Cheese Concentrate being used in the production of fat free product, will witness its growth in terms of value and volume sales globally. Owing to rising number of diet conscious consumers, there will be rise in demand for Cheese Concentrate oriented products especially in regions like North America and Asia Pacific. Moreover there is a trend of rise in preferences for Mexican food especially in Asia Pacific and North American regions. As result, cheese concentrate will witness rise in demand especially from the food processing industry for the same.
ADM, a global leader in alternative protein and nutrition products and solutions, and Benson Hill, Inc., a food tech company unlocking the natural genetic diversity of plants, strategically partnered to rule inventive soy ingredients that will assist meet the swiftly increasing demand for plant-based proteins. The partnership will assist a variety of plant-based food and beverage markets to meet savory, sweet, and dairy customer needs.
Some of the key players in the cheese concentrate market are:
- Archer Daniels Midland Company
- Ingredion Incorporated
- Adare Food Ingredients Pvt Ltd
- Dale Farm Ltd
- C.P. Ingredients Ltd
- Land O’ Lakes Inc.
- Dairy Farmers of America, Inc.
- First Choice Ingredients (DSM)
- Butter Buds Inc.
- GoBia Ltd
- Puramio India Pvt Ltd
- Jeneil Bioproducts GmbH
- Others
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Key Segments of the Cheese Concentrate Market
By Product:
- Mozzarella Cheese
- Cheddar Cheese
- Parmesan Cheese
- Swiss Cheese
- Goat Cheese
- Blue Cheese
- Others
By Form:
- Powder
- Paste / Spread
- Chunk
- Grated
- Others
By Buyer:
- Commercial Bakers
- Artisan Bakers
- Retail Buyers
- Food Service Providers
By Application:
- Bakery & Confectionery
- Processed Cheese
- Sauces, Dressings, Dips & Condiments
- Dairy & Desserts
- Snacks & Savory Items
- Ready Meal Production
- Others
By Sales Channel:
- B2B / HoReCa
- B2C
- Hypermarkets /Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Discount Stores
- Food Specialty Stores
- Independent Small Groceries
- Online Retail
- Others Retail Formats
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- Europe
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