Global Sour Cream Market: Sour Cream Market Analysis and Forecast (2023-2029)

The Sour Cream Market size was valued at $1.67 Bn in 2022 and the market is expected to reach $ 2.60 Bn at a CAGR of 6.5 % from 2023-2029.
Sour Cream Market Overview 
Sour Cream is a dairy product that is being obtained by the fermentation process of cream with the se of bacteria like lactobacillus, which gives it a sour and tangy taste. The lactic acid present in milk is fermented by the bacteria, making the thick and creamy texture of sour cream. This sour cream is a very versatile product, which can be used in different and various food dishes. Sour cream products being enriched with nutrients like protein and calcium has resulted in the improvement of bone density simultaneously reducing the risk of heart diseases. The Sour Cream market is witnessing increased demand and the report is provided with the detailed analysis of key trends in market.

The Sour Cream market industry has been witnessing a drastic rise due to the growing awareness for health benefits across the world. The market report analyses information regarding the sour cream industry and provides a detailed analysis of the market in terms of dynamics, distinguishing the product by its type and application along with the competitive landscape. This report focuses on using primary and secondary information to give the market outlook and competitive landscape of key companies. The report has provided with the detailed analysis of SWOT and PESTLE along with the PORTER analysis. To know about the Research Methodology :- Request Free Sample Report
Sour Cream Market Dynamics
Increasing popularity of Sour Cream in Cuisines

The Sour Cream has been used in market in a variety of purpose. This rise in the demand and use of Sour Cream is increased because of the growing awareness of health benefits of Sour Cream products. The health benefits of Sour Cream products includes providing vital nutrients like protein, vitamin B12, calcium and probiotics for our body. The rise in eating more healthy food and cuisine has been driving the market. The Mexican and Canadian food dishes are becoming more popular around world and sour cream is the main ingredient in this dishes. People around world are turning towards eating more western cuisines, in order to look for different dishes from other countries, is leading the sour cream market to grow significantly.

Rise in the use of dairy product like cheese and yogurt has led to the introduction of Sour Cream in the market. The rising disposable income of middle class population is also a driving factor for the growth of Sour Cream market as they tend to spend their money in trying different cuisines products. The key leading companies in the market are developing new source of production of sour cream to meet the global demand of consumers around the world. With the growth in e-commerce the supply of sour cream products from the different countries has raised and thus making more convenient way of supply chain.

Increased demand for organic product leading to affect the market

The restraining factor for sour cream products is the rising demand for organic and plant –based products in the market, which is affecting the growth of sour cream market. The sour cream being a milk/ dairy products makes it difficult for some people to consume it. Consumer has witness symptoms like nausea and vomiting due to use of Sour Cream products, as they being a lactose intolerant and are allergic to dairy products. Sour Cream products is mostly manufactured by the use of dairy products, so some of the consumer being lactose intolerant faces some health issue like indigestion and diarrhea. The other restraining has been the fluctuating price of milk and the thus leading to rise the initial production cost. Also the government regulations for the production and use of organic sour cream products has made it limited and difficult to produce and sale the sour cream products in market.  This, also leads to the limiting of the demand and supply of Sour Cream products.

Increasing popularity of Western Cuisines giving more opportunities 

With the increase in demand for the Sour Cream product industry, the regional market has been showing many opportunities for the companies to grow, compete and meet the demand of consumers. The global demand for Sour Cream has seen a drastic rise due to the increasing in need for more organic food products. This factor is driving the demand and giving opportunity for organic Sour Cream products to be introduced in the market with new innovation. Lactose intolerant people who suffer from the consumption of dairy products need Sour Cream products which are the plant- based products.

Companies have opportunity in innovating new flavor and educating consumer for the benefits of using sour cream products. The increasing use of Sour Cream products in food industry for the rising popularity of trying western cuisine like Mexican and Indian cuisine which offer a little tanginess in taste in food dishes. With the rise in urbanization, people living in urban areas, cities are more likely to purchase convenient food product like sour cream from convenience store. The easy supply of products through the growth in e-commerce has made it possible for companies to reach a very distant customer.

Price volatility of raw material hampering the market growth

The Sour Cream Market offers various benefits to consumers by the use of these products and simultaneously faces some challenges. These challenges have been affecting the market growth for sour cream products. The price volatility of raw material for the manufacturing of Sour Cream products like milk, which is the key ingredient fluctuates daily and the rise in the price of milk directly affects the price for production of sour cream. Some consumer due to the lack of education of products have high-fat sour cream, which contains more saturated fats leading to chronic disease like obesity.

Government regulation for the production and labeling of content in the sour cream products has increased due to rising health awareness which has raised the manufacturing and packaging cost directly. This regulation has affected the foreign companies by sales and thus limiting the competition in Sour Cream product market. The increased competition between companies for manufacturing of more plant based products and using other sources like soy and cashew has been a challenge. These sources are often expensive and rising the prices of products. High cost of investment in the research and development of more new and plant based product is also a challenging factor for the growth of market.
Sour Cream Market Segments Analysis
Based on Type 

On the basis of Product, the market is divided mainly into two sub-parts which includes the organic and conventional sour cream. The conventional sour cream is the most dominant type of sour cream in the market while acquiring the market of about 95% in 2022. The report has included the detailed analysis of sour cream market on the basis of its type. The conventional sour cream market is priced lower than the organic sour cream due to is low cost of production and making it more affordable for consumers to buy. This conventional sour cream is a very versatile product, which is used in variety of recipes from being used in dips to the toppings on snacks and baked food items. The report has provided with the detailed analysis by its application in different food products.

The high demand of conventional sour cream has included the bulk packaging of the products for better supply in food services and restaurants. The other type of sour cream is the organic sour cream, which accounts for only 5% of the total global market in 2022. The high price of production of organic sour cream has made it costlier and less affordable for the consumer to make use of products. Organic sour cream has also been raised in demand due to its health benefits and growing popularity of health issue awareness. The high price of organic sour cream makes it limited in value and volume of sales. Though, being relatively the small market for organic sour cream, it has a great potential to grow in the forecast period.Based on Application 

On the basis of application, the Sour Cream market is sub divided in its use in different industries. The major application of Sour Cream products is in the dietary supplements which accounts for the largest market share. The increasing use of Sour Cream products has raised due to awareness for health, with the benefits of Sour Cream providing various nutrients for the requirement of daily need of body. Sour Cream products like dips, and sauces are a popular product among consumer and restaurant industry for making various dishes. The rising demand for Sour Cream has increased, as people try to stay fit in order to maintain health condition. The use of sour cream has increased due to rising popularity of dishes and fast food like nachos and tacos as a source of side dish.

The use of sour cream in dip has been a largest market in 2022 accounting for about 30 % of the total global market. Sour cream dip can be used with chips, and other snacks. The second most application of Sour Cream products is topping on dishes as sour cream is a very versatile product with various applications. The sour cream topping has captured about 25 % of the total global market. The dishes like baked potatoes is mainly stuffed with sour cream and cheese, along with in taco topping, salads, desserts, and snacks toppings. It is also used as topping in burritos and quick service restaurant with the onion fried rings as a toppings on it. Sauces and dressing is the third application of sour cream, with its use for dressing on the top of dishes to make the dish more attractive and make it tastier.
Sour Cream Market Regional Analysis
Europe is largest Sour Cream market in the region for the manufacturing and consumption of sour cream products.  The market for Sour Cream in this region is increasing in demand due to the rising need of food and beverages manufactures which makes use of sour cream to make dips and sauces. The growing awareness for health benefits of Sour Cream among users and consumers for providing healthy nutrients like protein, probiotics, calcium and vitamin B12 for our body. Sour Cream products has saturated fats and calories which is also useful in diet purpose. Sour Cream Food Industry has seen the possible opportunity by the use of Sour Cream in various dishes in this region. The dishes like Pierogi, Goulash, Pelmeni and Blini are the most popular dishes in the countries of Europe and uses Sour Cream as a topping as well as a side dipping sauce, which is very liked by the people of Europe. The European Companies manufacture more dip sauces and the rise in the use of dips has raised in popularity, along with the supermarket as well as in the convenience stores.North America is the second largest region for Sour Cream prodcuts development and consumptionThe rising demand for products in this region is driven by the continuous growing awareness for the health benefits of Sour Cream in food product and dishes among the consumers and people. The United States in this region is the largest consumer of Sour Cream products. The United States contributes about 90% of the total use of Sour Cream products in the North America region. The growing food industry and consumer growing need for tasting new cuisines is rising the demand for sour cream usage. The use of sour cream in the market has raised due to the eating habit of consumer as they tend to turn towards healthier option of eating like baked potatoes, tacos and burritos, soups and many others.

Canada Sour Cream Market and Mexico Sour Cream Market are the next growing market for Sour Cream products and has witnessed a steady growth in the recent years, because the changing food preference of population in this countries. The rise in disposable income has been a major factor for the growth in this region as the consumers have extra money to spend on the more food products and sour cream products like dips and sauces. Canadian food dishes uses more sour cream in the market for making salads, casseroles and desserts. The Perogies is the most popular Canadian dish, which is often served with sour side cream which gives these dish a tanginess and adding more flavor to it. The Mexican food dishes like tacos and burritos are most popular and they uses sour cream products as a source for dips and sauces. Nachos and salsa are the most popular dishes in Mexican region and the use for sour cream for making the side dishes to make creamier salsa and the sour cream is added as a topping in nachos.
Competitive Landscape
The report gives details of competitive companies in the market of Sour Cream products. The Kraft Heinz Company is a global leader in the manufacturing of Sour Cream products. The company has key development in research and development and they have improved the texture and increased creaminess of sour cream products. While improving the texture, Heinz have also kept their focus on introducing new flavours and different varieties of sour cream product such as garlic flavoured sour cream and onion flavoured sour cream. Heinz has also invested $150 million in its sour cream production facility in Pittsburgh, Pennsylvania for the sustainable production of sour cream products, which has led to introducing 50% fat free sour cream with the same taste and increased creamy texture, which has significantly increased their revenue by 5% to USD 1.3 Billion.

Unilever Company has made a significant development in the technological advancement of making sour cream products. Unilever uses artificial intelligence in developing new flavours and new products. By the use of AI, they are able to analyse the consumer data by identifying various patterns and trends in the sour cream market. Another development is the use of 3D printing for the making of packaging prototype of new sour cream products. Unilever has also invested €850 million with the focus for research and development of sour cream products to meet the changing demand of consumers. The report is included with the detailed analysis of key competitor in the market based on their technological advancement, their revenue by sales of products and others.
Global Sour Cream Market Scope: Inquire before buying



Global Sour Cream Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.67 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 2.60 Bn.


 Segments Covered:
by Product
Organic Sour Cream
Conventional Sour Cream


by Application
Dips
Toppings
Sauces
Spreads
Baked food products



Sour Cream Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Key Players in Sour Cream Market

1. Kraft Heinz Company
2. Dean Foods Company
3. Lactalis Group
4. Dairy Farmers of America
5. Unilever PLC
6. Danone SA
7. Laiterie Chalifoux
8. Organic Valley
9. Cabot Creamery
10. WhiteWave Services
11. Uelzena Ingredients
12. Daisy Brand
13. Meggle
14. Laiterie Chalifoux
15. Organic Valley
16. Cabot Creamery
17. WhiteWave Services
18. Uelzena Ingredients
19. Daisy Brand
20. Meggle

FAQ
1] What segments are covered in the Global Sour Cream Market report?
Ans. The segments covered in the Global Sour Cream Market report are based on Product and Application.

2] Which region is expected to hold the highest share in the Global Sour Cream Market?
Ans. Europe region is expected to hold the highest share in the Global Sour Cream Market.

3] What is the market size of the Global Sour Cream Market by 2029?
Ans. The market size of the Global Sour Cream Market by 2029 is expected to reach US$ 2.60 Bn.

4] What is the forecast period for the Global Sour Cream Market?
Ans. The forecast period for the Global Sour Cream Market is 2023-2029.

5] What was the market size of the Global Sour Cream Market in 2022?
Ans. The market size of the Global Sour Cream Market in 2022 was valued at US$ 1.67 Bn.