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Whipping Cream Market Size - By Source (Dairy, Non-Dairy), Type (Fresh Premix), End use (Bakery and Confectionery, Desserts, Beverages), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online), Regional Outlook & Global Forecast, 2023-2032

  • Report ID: GMI6983
  • Published Date: Oct 2023
  • Report Format: PDF

Whipping Cream Market Size

Whipping Cream Market size was valued at USD 7.6 billion in 2022 and is anticipated to register a CAGR of over 5.5% between 2023 and 2032. Consumer demand for convenience and quality plays a significant role in driving the market size. Many consumers prefer ready-made whipping cream for desserts and coffee, this in turn, is attributing to the market growth.
 

Whipping Cream Market

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In addition, the growth of the bakery and confectionery industry is a major driver for the market. Whipping cream is a crucial ingredient in making cakes, pastries, and other desserts.
 

There are alternatives to traditional whipping cream, including non-dairy options like coconut cream or almond-based products. Competition from these alternatives can restrain market demand. In addition, Whipping cream is high in saturated fat and calories, which can deter health-conscious consumers from using it, especially in large quantities.
 

COVID-19 Impact

The pandemic drove a surge in home cooking and baking, leading to increased demand for whipping cream as an essential ingredient in homemade desserts and dishes. This consumer trend compensated, to some extent, for the reduced demand in the bakery and foodservice sectors, which suffered due to closures and capacity restrictions. However, concerns about health and dietary choices were heightened, leading some consumers to opt for healthier alternatives or reduce their consumption of high-fat whipping cream.
 

Whipping Cream Market Trends

Health and wellness considerations led to a growing interest in healthier alternatives, including low-fat and non-dairy options. The rise of plant-based diets fueled the popularity of dairy-free whipping creams made from alternatives like coconut and almond. Clean labels and natural ingredients gained importance, as did gourmet and specialty whipping creams, which catered to discerning tastes.
 

Whipping Cream Market Analysis

Whipping Cream Market Size, By Source, 2021 - 2032 (USD Billion)

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Based on the source, the dairy segment dominated around USD 5.3 billion revenue in 2022. Dairy-based whipping cream offers a traditional and versatile option for various culinary applications. It can be used in both sweet and savory dishes, making it a popular choice for consumers and chefs. Additionally, the dairy segment has seen growth due to the development of niche products, such as premium or organic whipping creams, which cater to specific consumer preferences.
 

Whipping Cream Market Revenue Share, By Type, (2022)

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Based on type, the fresh segment held over 62.4% of the whipping cream market share in 2022. Fresh whipping cream is highly valued for its superior quality and rich, creamy taste. It provides a luxurious and authentic flavor that is difficult to replicate with shelf-stable or non-dairy alternatives, making it a preferred choice for consumers who prioritize taste in their culinary creations.
 

Whipping Cream Market Revenue, By End use , 2022

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Based on end use, bakery and confectionary segment accounted for 54.6% of the whipping cream market share in 2022.
 

Based on distribution channel, the hypermarket and supermarket segment recorded more than 34.5% of the market share in 2022. Professional bakers and pastry chefs are constantly innovating, creating new and exciting desserts that utilize whipping cream in various ways. These innovations drive demand for high-quality whipping cream to achieve desired textures and flavors in confectionery creations. In addition, the demand for gourmet and artisanal bakery and confectionery products is on the rise. Consumers are willing to pay a premium for high-quality, handcrafted desserts that often incorporate fresh whipping cream for superior taste and texture.
 

North America Whipping Cream Market Revenue, 2021 - 2032 (USD Billion)

The North America whipping cream market size reached USD 3.1 billion in the year 2022. The region has a thriving foodservice industry, including restaurants, cafes, and bakeries. The use of whipping cream is widespread in these establishments for preparing both sweet and savory dishes, contributing to market growth. In addition, the convenience of online shopping has further expanded access to whipping cream products, and e-commerce platforms have seen growth during the pandemic, allowing consumers to purchase these products easily.
 

Whipping Cream Market Share

Major companies operating in the whipping cream industry includes:

  •  Arla Foods amba
  • Conagra Brands
  • Dairy Farmers of America, Inc.
  • Fonterra Co-operative Group Limited
  • GCMMF
  • Groupe Lactalis
  • Land O'Lakes, Inc.
  • Organic Valley
  • Royal FRIESLANDCAMPINA NV
  • Saputo Inc.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market. 
 

Dairy Farmers of America is a prominent agricultural cooperative that focuses on milk and dairy product processing and marketing. It is one of the largest and most influential dairy cooperatives in the United States. DFA is owned and operated by dairy farmers, and it plays a significant role in supporting the American dairy industry by providing a wide range of services to its members and promoting dairy products in various markets.
 

Whipping Industry News

  • In Feb, 2020. Dairy Farmers of America acquired Dean Foods, America’s biggest milk producer, for USD 425 million. This acquisition is expected to increase the geographical expansion of the company. 
     

The market research report of whipping cream includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) and transactional volume (Kilo Tonnes) from 2018 to 2032, for the following segments:

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Market, By Type

  • Dairy
  • Non-Dairy

Market, By Source

  • Dairy
  • Non-Dairy

Market, By End use

  • Bakery and Confectionery
  • Desserts
  • Beverages
  • Others

Market, By Distribution channel

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of whipping cream reached USD 7.6 billion in 2022 and is set to record USD 13 billion by 2032, due to rising consumer demand for convenience and quality.
The fresh type segment accounted for 62.4% of the market share in 2022, owing to benefits, such as superior quality and rich, creamy taste.
North America market size was valued at USD 3.1 billion in 2022, attributed to the thriving foodservice sector including restaurants, cafes, and bakeries in the region.
Some major whipping cream companies are Arla Foods amba, Conagra Brands, Dairy Farmers of America, Inc., Fonterra Co-operative Group Limited, and GCMMF.

Whipping Cream Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 322
  • Countries covered: 20
  • Pages: 180
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