Cream Market – Global Industry Analysis and Forecast (2023-2029)

Cream Market size was valued at US$ 18.61 Bn. in 2022 and the total revenue is expected to grow at 4.01% through 2023 to 2029, reaching nearly US$ 24.51 Bn.

Cream Market Overview:

The dairy business has been thrown off by COVID-19. There has been a trend away from wholesale food service sectors since hotels, restaurants, and bakeries have shuttered. Due to covid worries, several milk processors are having trouble finding drivers to carry milk from farms. Despite these setbacks, there has been a surge in demand for dairy products for a variety of reasons, including a growth in home baking activity, as a result, retail sales of dairy products such as milk, butter, and cream have soared. Another factor driving up demand for liquid milk is the growing number of people working from home, which has increased demand for milk in teas and coffees. The industry has found that high production costs and health consciousness, which leads to low-fat consumption, are hurdles. Further growth potential in this market are likely to include innovative product development with low trans-fat and organic cream products. Increased product launches with creative ideas such flavoured cream, low-calorie, and low-fat cream are likely to propel the industry forward. Furthermore, cream's vast range of applications, from bread to confectionary, drives the market growth.

Cream Market Snapshot

Cream MarketTo know about the Research Methodology :- Request Free Sample Report In the food service industry, dairy cream is a major ingredient, particularly in cafes, full-service restaurants, and hotels. It's a popular flavor, texture, and aesthetic enhancer in coffee, desserts, confectionary, and ice tea. Dairy cream is an ingredient in the majority of popular desserts.

Cream Market Dynamics:

Increased government-run health and wellness campaigns aimed at combating obesity and related diseases (diabetes, high blood pressure, heart disease, and high cholesterol) are encouraging customers to buy healthier goods like low-fat cream. Because customers choose functional/organic products, companies entering this industry are projected to see significant growth. Furthermore, demand for fortified yoghurt is increasing. Schulz organic dairy, for example, provides pure cream, which is becoming increasingly popular among Australian consumers. According to the United States Department of Agriculture, total low-fat ice cream consumption in the United States reached 2.21 billion pounds in 2020, up from 2.12 billion pounds in 2017. As a result of the increasing popularity of coffee culture and shifting customer preferences, cream consumption has increased. Coffee shops and cafes, particularly in South Asian countries, are the fastest-growing segments of the foodservice industry. The influx of new cafés and coffee shops is due to changing culinary preferences, standardized lifestyles, and increased spending on foodservice. Cream is a key element in coffee preparation since it gives it flavor, texture, and creaminess. Consumers are increasingly requesting extra cream in their coffee, resulting in a rise in demand for cream goods and ingredients. Starbucks, for example, has expanded its presence in India and now serves one of its most famous drinks, the "Caffe Mocha," which features a fluffy cloud of sweetened whipped cream and strawberry flavor. Dairy cream manufacturers throughout the world are focusing on supplying customized dairy cream products to the food production, foodservice, and retail industries. Low-fat, low-sugar, flavored, and organic raw ingredients are sought by food and beverage makers for use in their end-use products. Because of these variables, customized dairy creams are produced to meet the needs of end-use industries such as baking, dessert, restaurant, processed food, and household usage. Fonterra Co-operative Group, for example, sells Anchor Fresh Cream for baking and household use, Anchor Whipped Cream for foodservice, and Anchor Long Life Dessert Cream for desserts. Food quality has deteriorated as a result of climate change. Increased intake of junk food has negative health consequences, prompting customers to seek out healthier, organic, chemical-free food options. To attract these consumers, food and beverage manufacturers seek organic components and raw materials for inclusion in their products, which is likely to generate significant potential for the global dairy cream market. Friesland Campina, a dairy manufacturing corporation established in the Netherlands, aspires for annual organic growth of 2%.

Cream Market Segment Analysis:

Based on Source, the Cream Market is segmented into Dairy and Non-Dairy. In 2022, Dairy segment dominates the market. In the approaching years, the Non-Dairy Segment is expected to increase at a healthy rate. It is gaining popularity as a result of improved cost-in-use calculations, lower fat content, and improved foam stability, making it simple to use and appealing to caterers and bakers. However, creating a successful copycat product, particularly one that whips, necessitates not only the proper fats but also the right combination of emulsifiers and stabilizers. Based on Application, the Cream Market is segmented into Commercial and Household. The product's commercial applicability is expected to continue to grow in the forecast period. The increasing use of the product in a variety of processed foods is expected to keep the category growing steadily. For example, Dairy Day, an Indian company, launched a new line of ice cream cakes in April 2022, featuring four new flavors. Furthermore, the product's widespread availability in a variety of convenience stores is projected to increase its use in households. Over the industry forecast period, the household category is expected to grow at a CAGR of 3.82 percent. Consumers are increasingly opting for creative and healthier varieties of creams because to the rising popularity of home cooking over dining out and the widespread availability of numerous dairy products that save time from scratch cooking. Based on Type, the Cream Market is segmented into Fresh, Table, Heavy, Whipping and Others. The fresh sector, which is the most commonly seen product in both offline and online retail establishments, held largest market share in 2022. It has a lower fat content than whipped cream and can be used to thicken coffee as well as savory meals like gravies and soups. It cannot, however, be whipped and molded for decorative purposes because it contains 25% fat. As a result, the baking industry is expanding its need for whipped cream for sweets and cake embellishments.

Cream Market, by Type in 2022(%)

Cream Market

Cream Market Regional Insights:

In 2022, Europe's market value was US$5.39 billion, and the region is expected to continue to lead the global industry in the future years. In many European countries, particularly the United Kingdom, Germany, France, and Italy, dairy products are an important element of the diet. Consumer interest in at-home cooking and baking has led to the purchasing of a variety of dairy products, including cream. For several years, Europe has seen robust demand for bread items and coffee, promising solid sales for the industry forecast period. Europe is a key global market, and the consumption patterns of vegan and dairy alternatives vary by country, depending on regional needs and customs. Germany, for example, places a greater emphasis on organic, natural, and vegan products, but the United Kingdom is the leading market for fresh and whipped varieties. In terms of market share, North America is expected to be the second-largest market. In North America, the dairy and vegan options are still popular. Vegan goods sales in stores are increasing as more Americans are willing to pay more for higher-quality food. For American customers, food Source, safety, nutritional value, and health consciousness are becoming increasingly critical considerations, driving up demand for high-quality cream and its products. Vegan and organic products are in high demand due to consumer preferences for organic and plant-based diets. Land O Lakes, Dean Foods, Dairy Farmers of America Inc., and Agropur are some of the important companies in the industry in North America, all of whom are continually working to extend their product portfolios or product offers. Strategic partnerships and alliances between dairy companies are becoming more common in Kuwait's dairy industry, in order to address the country's dairy deficit. Companies like Arla Foods are expanding their dairy production facilities by investing in new facilities and pursuing expansion plans. Arla Foods is also expanding its dairy capacity in Lebanon, Qatar, and Kuwait by increasing sales and distribution. Partnerships like this are helping dairy firms grow, maintain their quality of performance, and remain competitive in the market. As a result, the growing number of strategic initiatives, particularly partnerships and alliances between enterprises, to transform Kuwait's dairy sector is driving the country's market growth. The objective of the report is to present a comprehensive analysis of the Cream market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Cream market dynamics, structure by analyzing the market segments and project the Cream market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cream market make the report investor’s guide.

Cream Market Scope: Inquire before buying

Global Cream Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 18.61 Bn.
Forecast Period 2023 to 2029 CAGR: 4.01% Market Size in 2029: US $ 24.51 Bn.
Segments Covered: by Type Fresh Table Heavy Whipping Others
by Application Commercial Household
by Source Dairy Non-Dairy
by Nature  Pasturised Ultra- Pasteurized
by Distribution Channel Supermarkets/ Hypermarkets Convenince Stores Online Retail Stores Other Distribution Channels

Cream Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Cream Market, Key Players are

1. Glanbia Plc. (Ireland) 2.Groupe Lactalis (France) 3. Savencia Fromage & Dairy (France) 4. Fonterra Co-operative Group (New Zealand) 5. GCMMF (Amul) (India) 6. FrieslandCampina (Netherlands) 7. DMK Group (Germany) 8. Arla Foods (Denmark) 9. SODIAAL (France) 10. Saputo (Canada) 11. Unternehmensgruppe Theo Müller (Germany) 12. Schreiber Foods Inc. (U.S.) Frequently Asked Questions: 1. What is the forecast period considered for the Cream market report? Ans. The forecast period for the Cream market is 2023-2029. 2. What segments are covered in the Cream Market Report? Ans. The Cream Market is segmented by Source, Application, Type, Nature, and Distribution Channel. 3. What is the compound annual growth rate (CAGR) of the Cream market for the forecast period? Ans. The CAGR for Global Cream Market is expected to be 4.01%. 4. Which is the dominating segment by type in the Cream market? Ans. Fresh Segment dominates the market. 5. Which is the region expected to hold the largest share in Cream market? Ans. Europe is expected to dominate the Global Cream Market.
1. Global Cream Market: Research Methodology 2. Global Cream Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Cream Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Cream Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Cream Market Segmentation 4.1 Global Cream Market, by Type (2022-2029) • Fresh • Table • Heavy • Whipping • Others 4.2 Global Cream Market, by Application (2022-2029) • Commercial • Household 4.3 Global Cream Market, by Source (2022-2029) • Dairy • Non-Dairy 4.4 Global Cream Market, by Nature (2022-2029) • Pasteurized  • Ultra-Pasteurized 4.5 Global Cream Market, by Distribution Channel (2022-2029) • Supermarkets/ Hypermarkets • Convenience Stores • Online Retail Stores • Other Distribution Channels 5. North America Cream Market(2022-2029) 5.1 North America Cream Market, by Type (2022-2029) • Fresh • Table • Heavy • Whipping • Others 5.2 North America Cream Market, by Application (2022-2029) • Commercial • Household 5.3 North America Cream Market, by Source (2022-2029) • Dairy • Non-Dairy 5.4 North America Cream Market, by Nature (2022-2029) • Pasteurized  • Ultra-Pasteurized 5.5 North America Cream Market, by Distribution Channel (2022-2029) • Supermarkets/ Hypermarkets • Convenience Stores • Online Retail Stores • Other Distribution Channels 5.6 North America Cream Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Cream Market (2022-2029) 6.1. European Cream Market, by Type (2022-2029) 6.2. European Cream Market, by Application (2022-2029) 6.3. European Cream Market, by Source (2022-2029) 6.4. European Cream Market, by Nature (2022-2029) 6.5. European Cream Market, by Distribution Channel (2022-2029) 6.6. European Cream Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Cream Market (2022-2029) 7.1. Asia Pacific Cream Market, by Type (2022-2029) 7.2. Asia Pacific Cream Market, by Application (2022-2029) 7.3. Asia Pacific Cream Market, by Source (2022-2029) 7.4. Asia Pacific Cream Market, by Nature (2022-2029) 7.5. Asia Pacific Cream Market, by Distribution Channel (2022-2029) 7.6. Asia Pacific Cream Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Cream Market (2022-2029) 8.1 Middle East and Africa Cream Market, by Type (2022-2029) 8.2. Middle East and Africa Cream Market, by Application (2022-2029) 8.3. Middle East and Africa Cream Market, by Source (2022-2029) 8.4. Middle East and Africa Cream Market, by Nature (2022-2029) 8.5. Middle East and Africa Cream Market, by Distribution Channel (2022-2029) 8.6. Middle East and Africa Cream Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Cream Market (2022-2029) 9.1. South America Cream Market, by Type (2022-2029) 9.2. South America Cream Market, by Application (2022-2029) 9.3. South America Cream Market, by Source (2022-2029) 9.4. South America Cream Market, by Nature (2022-2029) 9.5. South America Cream Market, by Distribution Channel (2022-2029) 9.6. South America Cream Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Glanbia Plc. (Ireland) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Groupe Lactalis (France) 10.3 Savencia Fromage & Dairy (France) 10.4 Fonterra Co-operative Group (New Zealand) 10.5 GCMMF (Amul) (India) 10.6 FrieslandCampina (Netherlands) 10.7 DMK Group (Germany) 10.8 Arla Foods (Denmark) 10.9 SODIAAL (France) 10.10 Saputo (Canada) 10.11 Unternehmensgruppe Theo Müller (Germany) 10.12 Schreiber Foods Inc. (U.S.)

About This Report

Report ID 148209
Category Food & Beverages
Published Date Aug 2023
Updated Date