Whipping Cream Market Size Is Poised To Reach $10.3 Billion By 2025: Grand View Research Inc.

 


The global whipping cream market size is expected to reach USD 10.35 billion by 2025 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Rising consumption of foods, such as pies, ice creams, cupcakes and cakes, puddings, scones, milkshakes, hot chocolate, espresso drinks, and coffee drinks, is expected to remain a favorable factor for the market growth.

Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

Furthermore, rising awareness about the health benefits of whipping creams, such as improved bone health and immune system, due to the presence of vitamins A, D, E, K, and choline. Companies are investing more in product development to increase their market share. For instance, in August 2018, Kraft Heinz partnered with Hershey’s and launched Milk Chocolate Dairy Whipped Topping and Peanut Butter Cup Dairy Whipped Toppings.

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In Feb 2019, Amazon launched new private label Happy Belly brand in its dairy and beverage product line. Under this brand umbrella, the company will sell numerous product variants including half and half, heavy whipping cream and dairy whipped topping. In March 2019, DuPont Nutrition & Heath launched Grindsted WP 300 Flexwhip, a sugar-free non-dairy whipping cream. In May 2019, Gay Lea, a Canadian milk and dairy products company, launched a new non-dairy vegan real coconut whipped cream.

Whipping Cream Market Report Highlights

  • The dairy product segment accounted for the largest market share of more than 60% in 2018 and will continue to expand further at a steady CAGR from 2019 to 2025
  • The B2B application segment is expected to register the fastest CAGR of 8.2% from 2019 to 2025
  • Europe is expected to be the largest regional whipping cream market accounting for a market share of more than 35% by 2025
  • Online distribution channel is expected to be the fastest-growing segment at a CAGR of 8.5% from 2019 to 2025

Whipping cream is widely used in various desserts including layer cakes and profiteroles and as a decorative ingredient for most delicacies including signature cakes and themed deserts. This is also likely to fuel the demand, thereby augmenting market growth.

High demand for light whipping cream, with less than 30 to 36% of fat contents, owing to rising health consciousness will also boost market growth. In addition, the advent of flavored whipped creams including chocolate, coffee, vanilla, rose, cinnamon, kahlua, and orange is estimated to drive the demand further.

Social media also plays a key role in the product demand due to rising number of food bloggers and availability of videos and posts about various possible ways to utilize whipping cream as a decorative agent in cakes, tarts, pies, etc.

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The industry is fragmented as a result of high concentration of local manufacturing firms in developing economies including China and India. Most of the companies are focusing on product innovation, in terms of flavors, to maintain a competitive edge. Some of the prominent players in the whipping cream market include:

·        Rich Graviss Products Pvt. Ltd.

·        Hanan Products Co., Inc.

·        GCMMF-Amul

·        Conagra Brands-Reddi Wip

·        Gay Lea Foods Co-operative Ltd.

·        Cabot Creamery

·        Borden Dairy Company

·        Gruenewald Manufacturing Company, Inc.

·        Narsaria’s

·        Granarolo S.p.A

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

 

 

 

                       

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