Dairy Cream Market Size was valued at USD 15.2 billion in 2022. The Dairy Cream market industry is projected to grow from USD 15.7928 billion in 2023 to USD 21.45 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.90% during the forecast period (2023 - 2032). Increased consumer demand for healthy foods and Identifying potential customers and key opportunities in the market place are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Adhesives are increasingly used in the food and beverage industry due to their ease of use and abundance. The use of adhesives in food and beverages is increasing in developing countries in Europe and North America. The cream is necessary to produce all kinds of chocolate, pastries, fresh dairy products, biscuits, convenience foods, soups, and broths. It also has various functions to suit various applications. For example, it helps build texture and, through cream homogenization, gives soups and sauces a rich, velvety viscosity. This factor drives the Market CAGR.
Additionally, Consumer awareness is rising in proportion to the environmental and health impact of chemicals during food cultivation and processing. Due to the increasing awareness regarding the harmful impact of chemicals on human health, consumers are shifting toward organically cultivated and processed products. Thus, the demand for organically produced products is growing rapidly. Along with North America and Europe, the adoption of organic food products is increasing in Asia-Pacific and the Middle East & Africa. Consumers in these regions are becoming aware of the benefits of organic dairy products, which creates an opportunity for the producers of dairy cream. Manufacturers are trying to tap into this pool of opportunities by investing in R&D to launch innovative products. For instance 2018, Westby Cooperative Creamery launched sour cream under its organic product category. Thus, driving the Dairy Cream market revenue.
The Dairy Cream market segmentation, based on type, includes thickened cream & whipping cream, sour cream, and fresh cream. The thickened cream & whipping cream segment dominated the market because stick and-stick sticks are the most popular tools used in food and retail stores, and stick and glue sticks are the most popular tools used in food and retail stores. They use a variety of dishes such as sauces, soups, desserts and coffee drinks.
Based on end-use, the Dairy Cream market segmentation includes food processing, food service, and food retail. The food processing segment dominated the market because dairy cream is a key ingredient in many food products, such as ice cream, pastries, and sauces, and the demand for dairy cream is growing as consumers are increasingly looking for rich and flavorful products. This is driving the growth of the food processing segment.
Figure1: Dairy Cream Market, by End-Use, 2022&2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights for North America, Europe, Asia Pacific, and the rest of the world. The North American Dairy Cream market will dominate this market, owing consumption of dairy cream is high in the US due to its preference for soups, sauces, and dressings, which will boost the market growth in this Region.
In addition, major countries examined in the report market include the United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil.
Figure2: DAIRY CREAM MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The confectionery market in Europe has the second largest market share due to the increased use of sugar in bakery products, driving the growth of confectionery. Further, the German Dairy Cream market held the largest market share, and the UK Dairy Cream market was the largest-growing market in the European Region.
The Asia-Pacific Dairy Cream Market is expected to grow fastest from 2023 to 2032. This is because the demand for organic products is rising, influencing manufacturers to launch organic dairy creams. Moreover, China’s Dairy Cream market held the largest market share, and the Indian Dairy Cream market was the largest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Dairy Cream market, grow even more. Market participants are also undertaking different strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Dairy Cream industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s use in the Dairy Cream industry to benefit clients and increase the market sector. In recent years, the Dairy Cream industry has offered some of the most significant advantages to medicine. Major players in the Dairy Cream market, including Arla Foods (Denmark), Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF / Amul) (India), Land O'Lakes, Inc. (USA), Royal FRIESLANDCAMPINA NV (Netherlands), Lactalis Group (France), Agropur (Canada), Dairy Farmers of America, Inc. (USA), Saputo Inc. (Canada), Organic Valley (USA) and Fonterra Cooperative Group (New Zealand)., and others, are attempting to increase market demand by investing in research and development operations.
Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois, a suburb of St. Louis.Prairie Farms Dairy introduced 18 cream cheese and ice cream products. The products are from 100% real milk and cream sourced from local farm families. The company introduced 6 cream cheese flavors in 3.5 Oz right-size cups and 12 ice-cream flavors in pint cartoons in the market.
Fauji Foods Limited (formerly Noon Pakistan Limited) is a Pakistani food company of the Fauji Foundation of Pakistan Army Group. The company is headquartered in Lahore, Pakistan. Fauji Foods Limited has expanded its product range by launching Nurpur dairy products under the House of Nurpur Family brand. The company claims its product has a rich, good, and creamy flavor, making it ideal for parotta and dessert applications.
Dairy Cream Industry Developments
January 2023:Â Woodlands Dairy launched a new Ultra Heat Treatment (UHT) whipping cream. The claims that its product is suitable for various applications such as desserts, cakes, milkshakes, pies, waffles, and warm drinks. The product's launch is to satisfy the growing demand for whipping cream locally and internationally.
In April 2021:Â Prairie Farms Dairy introduced 18 cream cheese and ice cream products. The products are from 100% real milk and cream sourced from local farm families. The company introduced 6 cream cheese flavors in 3.5 Oz right-size cups and 12 ice-cream flavors in pint cartoons in the market.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 15.2 billion |
| Market Size 2023 | USD 15.7928 billion |
| Market Size 2032 | USD 21.44783777 billion |
| Compound Annual Growth Rate (CAGR) | 3.90%(2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, End-Use, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | USA, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea and Brazil |
| Key Companies Profiled | Â Arla Foods (Denmark), Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF / Amul) (India), Land O'Lakes, Inc. (USA), Royal FRIESLANDCAMPINA NV (Netherlands), Lactalis Group (France), Agropur (Canada), Dairy Farmers of America, Inc. (USA), Saputo Inc. (Canada), Organic Valley (USA) |
| Key Market Opportunities | Identifying potential customers and key opportunities in the marketplace |
| Key Market Dynamics | Increase in consumer demand for healthy foods |
Frequently Asked Questions (FAQ) :
The Dairy Cream market was valued at USD 15.2Billion in 2022.
The market is growing at a CAGR of 3.90% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are Arla Foods (Denmark), Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF / Amul) (India), Land O'Lakes, Inc. (USA), Royal FRIESLANDCAMPINA NV (Netherlands), Lactalis Group (France), Agropur (Canada), Dairy Farmers of America, Inc. (USA), Saputo Inc. (Canada), Organic Valley (USA).
The Thickened cream & whipping cream category dominated the market in 2022.
Food processing had the largest share of the market.
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