Dairy Cream Market Research: Regional Demand, Top Competitors, and Forecast 2028
Dairy Cream Market Overview
The global dairy cream market is a thriving market. 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 functional drinks 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 20,841.3 MN by 2028, registering 3.80% CAGR
throughout the forecast period (2021-2028). Growing numbers of health-conscious
populaces impact market growth.
Increasing product launches with innovative ideas 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 - Competitive Landscape
Highly competitive, the dairy
cream market research appears 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 share in the market.
These industry players focus on strengthening their geographic footprints by
expanding their reach and launching innovative products.
They also strive to develop a cost-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 enhance their 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 cream market 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 dairy cream market report is segmented into three
dynamics;
By type: thickened, whipping, fresh, sour cream, and others.
By end-use: food processing (dairy and frozen desserts;
bakery and confectionery; sauces, dressings, and spreads; and 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
The global dairy cream market trends are dominated by Europe.The
region gained around 34.18% of the overall market in 2021. The larger market
share is attributed 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 applications for 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 dairy cream market size is projected to retain its dominance over the
global market throughout the forecast period, registering a 3.57% CAGR.
North America accounts for the second-largest dairy
cream market share. The market is driven by the rapidly growing hotels,
restaurants, and 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.
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 caseless containers (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 are Studying 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 Wantstats Research and
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United States of America
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