Market Overview
The global Sour Cream Market Size is mainly driven by the growing demandfor dairy products and bakery products, according to the latest research report
from Market Research Future (MRFR). The global sour cream market is mainly
driven by the growing utilization of sour cream in dips, toppings, and
dressings in the global food and beverage industry.
CompetitiveAnalysis:
Leading players in the global Sour CreamMarket include Saputo Inc., Kraft Heinz Company, HP Hood LLC, Dean Foods, Meggle,
Daisy Brand LLC, Uelzena Ingredients, Cabot Creamery Cooperative Inc., Organic
Valley, and Laiterie Chalifoux Inc.
Segmentation:
The global sour cream market has been segmented basedon category, packaging type, and distribution channel.
Based on category, the sour cream market has been segmentedinto organic and conventional. The demand for organic sour creamis likely to increase steadily over the forecast period.
The market has been segmented by packaging materialinto bottles, tubs/cups, squeezers, and others.
By distribution channel, the sour cream market issegmented into store based and non-store based. Store based distribution is
likely to hold the dominant share in the global sour cream market over the
forecast period due to the widespread presence of modern supermarkets or
hypermarkets in emerging regions such as Asia Pacific. The growing presence of
local as well as international retailers in Asia Pacific is likely to be a
major driver for the sour cream market, as the Asia Pacific market has a high
volume.
RegionalAnalysis:
Europe holds the top spot in the global Sour Cream Market Size and is likely to remain the top revenue generator over the forecastperiod due to the growing demand for sour creams in dips and other products. Sour
cream has become a widely used dairy product in Europe due to the growing
consumption of bakery products in Europe as well as the growing popularity of
salads. Sour cream is widely used as a salad dressing in Europe, leading to a
growing demand from the sour cream market over the forecast period. The
increasing demand for baked goods is also likely to be a major driver for the
sour cream market in Europe, as sour cream is widely used as an ingredient in
dips and toppings on bakery products such as scones and puffs. The increasing
popularity of baked foods is thus likely to be a major driver for the global
sour cream market over the forecast period.
North America is also likely to hold aconsiderable share in the global sour cream market over the forecast period due
to the growing consumption of baked foods in the region. The increasing demand
for bakery products such as sweetbread and cakes is likely to act as a powerful
driver for the sour cream market in North America over the forecast period. The
increasing demand for dairy products in North America is also likely to remain
a major driver for the Sour Cream Market Size over the forecast period. Increasing demand for sour cream in NorthAmerica is mainly driven by the growing awareness of the health benefits of
sour cream, especially in comparison to other popular condiments such as
ketchup and mustard sauce.
Asia Pacific is likely to remain a majorregional market for the global sour cream market over the forecast period due
to the growing cross-cultural exchange in the food and beverages industry,
leading to a growing demand for Western foods such as sour cream. While dairy
products hold longstanding traditions in Asia Pacific, sour cream is a Western
invention. Growing awareness about the availability of Western foods in Asia
Pacific countries such as China, India, Japan, and South Korea is likely to be
a major driver for the global Sour Cream Market over the forecast period. The
increasing demand for salads in Asia Pacific is also likely to drive the demand
from the sour cream market, as sour cream is widely used as a topping and
dressing on salads.
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considering Covid19 Footprints for Better Analysis of Market and Industries.
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