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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.
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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.
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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.
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.