Market Overview
The global dairy cream market is a thrivingmarket. Market growth attributes to health benefits associated with the
consumption of dairy cream. Besides, growing uses of dairy cream in applications
such as bakery & confectionery and dairy & frozen desserts boost the
market growth. The market is expected to emerge as a lucrative space for
vendors in developed and developing regions due to the increasing demand for
organic products.
Also, the rising popularity of functionaldrinks and energy drinks substantiate the market demand hugely. Moreover,
rising consumer preference for natural food products escalates the market
growth to further height. According to Market Research Future (MRFR), the global
dairy cream market is expected to reach USD 18,722.1 MN by 2025, registering
3.80% CAGR throughout the forecast period (2019-2025). Growing numbers of
health-conscious populaces impact market growth.
Increasing product launches with innovativeideas such as flavored cream, low-calorie & low-fat cream, etc, accelerate
the growth of the market. Additionally, wide applications of dairy cream
ranging from bakery to functional foods increase the market size. Conversely,
factors such as the rising veganism, preference for plant-based protein
products & non-dairy cream, and prevalence of lactose intolerance hamper
the growth of the market.
Global Dairy Cream Market - CompetitiveLandscape
Highly competitive, the dairy cream marketappears fragmented with the presence of many well-established players. M&A,
brand reinforcement, and innovation remain key trends for these players to gain
a larger competitive dairycream market share. These industry players focus on strengthening theirgeographic footprints by expanding their reach and launching innovative
products.
They also strive to develop acost-competitive manufacturing method to reduce the overall product cost and
product range with minimized downtime and increased shelf life. The market
competition is estimated to intensify with product innovations and
extensions.
Manufacturers increasingly try to enhancetheir products with innovations such as flavored cream, cream enhanced with
omega-3 fatty acids, or whole functional cream that help maintain and/or reduce
heart disease, cholesterol, and hypertension. These players emphasize more on
delivering unique products with differentiation, making products with improved
shelf-life.
Major Players:
Players leading the global dairy creammarket include Arla Foods (Denmark), Gujarat Co-operative Milk Marketing
Federation Ltd. (India), Land O'Lakes, Inc. (US), Royal FrieslandCampina N.V.
(Netherlands), Lactalis Group (France), Agropur (Canada), Dairy Farmers of
America, Inc. (the US), Saputo Inc. (Canada), Fonterra Co-operative Group (New
Zealand), and Organic Valley (US), among others.
Global Dairy Cream Market - Segment
The report is segmented into threedynamics;
By Type : Thickened, Whipping, Fresh, Sour Cream,and others.
By End-Use: Food Processing (Dairy &Frozen Desserts, Bakery & Confectionery, Sauces, Dressings & Spreads,
others.), Food Service, Food Retail, and others.
By Regions: Asia Pacific, North America,Europe, and the Rest-of-the-World.
Global Dairy Cream Market - Geographical Analysis
Europe dominates the global dairy creammarket. The region gained around 34.18% share of the overall market in 2018.
The larger market share attributes to the increasing consumption of dairy cream
in bakery products and changing consumer preferences. Moreover, the presence of
industry players such as Arla Foods and Royal FrieslandCampina N.V. positively
impacts the growth of the market.
Besides, growing dairy cream applicationsfor food dressing purposes fosters the growth of the regional market hugely. Additionally,
growing markets in Germany and the UK support regional market growth. The
European dairycream market growth is projected to retain its dominance over the globalmarket throughout the forecast period, registering 3.57% CAGR.
North America accounts for thesecond-largest share in the global dairy cream market. The market is driven by
the rapidly growing hotels/restaurants/cafes (HoReCa) industry in the region.
Moreover, the high consumption of dairy cream in functional beverages and the
popularity of energy drinks propel market growth. Furthermore, changing
consumption patterns influence the high production volume.
Simultaneously, the presence of a largenumber of production bases, many well-established players, and consumers
positively impacts regional market growth. The North American dairy cream
market in the region is projected to register a significant CAGR during the
assessment period.
The Asia Pacific dairy cream market ispromisingly growing. Factors such as thehigh-level production and popularity of cream in the region contribute to the
market growth. The region is experiencing substantial developments over the
past few years due to the rapid urbanization and shift in consumption patterns,
which, in turn, is boost the market growth. Besides, significantly growing
markets in Australia, New Zealand, China, and India drive the growth of the
regional market. The APAC dairy cream market is projected to generate a substantial
revenue pocket during the review period.
Industry/Innovation/Related News:
July 14, 2020 ----- Superior Dairy Inc.(the US), announced its plans to expand its milk processing and packaging lines
at the plant in Canton, entering markets that complement its fluid dairy
business. The company invested around USD 25.5 MN in this expansion project
would increase its capacity to make cottage cheese, sour cream, and cream
products.
Also, the packaging line in caselesscontainers (plastic jugs) can be shipped without the use of cases or boxes.
This investment demonstrates Superior Dairy's focus on innovation and
technology that will expand beyond the US and feed the world with the highest
quality product.
NOTE: Our Team of Researchers areStudying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of WantstatsResearch and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York10013, United States of America
