Global Dairy Cream Market is projected to be valued at USD 18,722.1 Million by 2025, expanding at a CAGR of 3.80% during the forecast period. Dairy cream is composed of a high-fat layer skimmed from the top of the milk before homogenized. The demand for dairy cream has been increasing at a moderate pace across the globe over the last few years. However, the increasing adoption of vegan and plant-based protein products around the world is expected to restrict the growth of the market. The rising consumer demand for organic dairy cream products is expected to create a growth opportunity for dairy cream manufacturers.
Europe constituted a dominant share of the dairy cream market in 2018 owing to the increasing demand from hotels/restaurants/cafes (HoReCa) industry. Germany and the UK are among the most lucrative markets for manufacturers in the region. The increasing use of dairy cream in bakery products has further boosted sales in Europe. The market in Asia-Pacific is anticipated to exhibit the highest CAGR during the review period. China is a significant dairy cream market in the region due to the growing food service industry. Other factors such as increasing the number of restaurants, bars, and cafés and the rise in the consumption of dairy cream primarily in dressings, confectionery, dairy products, and desserts is expected to drive the growth of the dairy cream market in the region.
Global Dairy Cream Market has been Segmented Based on Type, End-Use, and Region.
By Type, the market has been divided into thickened cream & whipping cream, fresh cream, sour cream, and others. The thickened cream & whipping cream segment accounted for the maximum market share in 2018, and the same segment is expected to register the highest CAGR of 4.42% during the forecast period. Thickened cream is matured and sawn with lactic ferments. The cream is matured in the tank to acidify, thicken, and intensify the taste. The thickened cream has a fat content of 55% to 60% and hence is not recommended for cooking as it tends to separate on heating. It is ideal as a filling in desserts.
Based on End Use, the global dairy cream market has been classified as food processing, food service, and food retail. The food processing segment is further divides into bakery & confectionery, dairy & frozen desserts, sauces, dressings, & spreads, and others. The food processing segment accounted for the larger market share in 2018. The food processing segment is further segmented into bakery & confectionery, dairy & frozen desserts, sauces, dressings, & spreads, and others. Dairy cream is an essential ingredient used in food processing industries. Dairy cream is also used with some flavoring and decoration ingredients such as cherries and sugar balls in the food processing industry.
Geographically, the global dairy cream market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2018. The dairy cream market in North America accounted for the second-largest share in 2018. Asia-Pacific is projected to register the highest CAGR of 4.21% during the forecast period.
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Key Findings of the Study
- The Global Dairy Cream Market is projected to register a growth rate of 3.80% from 2019 to 2025. The health benefits offered by dairy cream, followed by the growing application areas, are expected to propel the growth of the global dairy cream market.
- The thickened cream & whipping cream segment is estimated to retain its prominent share by 2025 and is anticipated to register a growth rate of 4.03% during the forecast period.
- The food processing segment accounted for the largest market share in 2018 and is expected to grow at a rate of 3.62% during the forecast period.
Market Research Future identified Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF/Amul) (India), Arla Foods (Denmark), Land O'Lakes, Inc. (US), Lactalis Group (France), Royal FrieslandCampina N.V. (Netherlands), Agropur (Canada), Saputo Inc. (Canada), Dairy Farmers of America, Inc. (US), Fonterra Co-operative Group (New Zealand), and Organic Valley (US) as the Key Players in the Global Dairy Cream Market.
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