Sour Cream Market Research Report – Forecast to 2030

Sour Cream Market Research Report Information: by Category (organic and conventional), by Packaging Type (bottles, tubs/cups, squeezers, and others), by Distribution Channel (store based and non-store based), and by Region - Forecast Till 2030

ID: MRFR/F-B & N/4957-HCR | October 2022 | Region: Global | 100 Pages         

Sour Cream Market

The global sour cream market is expected to reach $1,954.91 Million by 2030 with a CAGR of 1.85%.

Segmentation

By Category Organic Conventional
By Packaging Type Bottles Tubs/Cups Squeezers Others
By Distribution Channel Store Based Non Store Based

Key Players

  • Laiterie Chalifoux Inc. (Canada)
  • Cabot Creamery Cooperative Inc. (US)
  • Uelzena Ingredients (Germany)
  • Organic Valley (US)
  • Daisy Brand LLC (US)
  • Meggle (Bosnia and Herzegovina)
  • Dean Foods (US)
  • Prairie Farms Dairy (US)
  • Only plant-based (US)
  • HP Hood LLC (US)
  • Kraft Heinz Company (US)
  • Saputo Inc. (Canada)
  • Vermont Creamery (US)

Drivers

  • Growing demand for dairy products
  • Rising availability of lactose-free dairy products
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Sour Cream Market Overview:


The global sour cream market is expected to reach $1,954.91 Million by 2030 with a CAGR of 1.85%. The global Market Growth is predicted to increase significantly during the Market Analysis, owing to consumers' growing preference for dairy products and changing eating habits. Sour cream is a dairy-based product prepared by fermenting pasteurized cream with high-fat content. Souring by lactic acid generating bacteria occurs during the fermentation of pasteurized cream, resulting in a slightly thick product known as sour cream. Sour cream includes good bacteria that promote digestive health, which is why it is in high demand. Increased demand for low-fat sour cream, easy container style, consumption of toppings, organic whipped cream, and low-fat cream have all contributed to global Sour Cream Market Value and Market Trends.


Sour cream flavors such as spicy, roasted, and unique mixes are becoming increasingly popular among consumers. Heluva Good, introduced a sour cream Beer-Battered Onion Ring dip prepared with fried sweet yellow onions, lager, and sour cream. Sour cream is typically served with food as a dip, topping, or combined with other ingredients to make a spread. Consumers love savory and spicy flavors because they go well with salty snacks. These all factors are increasing the Market Size and changing the Sour Cream Market Outlook.


COVID Analysis


The COVID-19 epidemic has wreaked havoc on the food business, causing the closure of manufacturing sites and the suspension of numerous activities. Following the devastation caused by the SARS-CoV-2 epidemic, players are focusing on improving their supply chains and speeding up their manufacturing processes to offer a wider range of functional beverages and avoid further revenue losses. The enhanced dairy-based product prepared by fermenting should benefit the Market Trends throughout the Sour Cream Market Analysis period, owing to increased health concerns as a result of the new coronavirus and the resulting increase in demand for sports and performance drinks. The ongoing COVID-19 pandemic is regarded as a once-in-a-lifetime event that will have a substantial impact on health issues as well as eating and drinking habits. As consumers seek to lower their risk of illness, the demand for functional items that help build immunity will rise. When it comes to such products, they must be seen as economical and reliable in terms of health claims. COVID, on the other hand, harmed the business and industry line, but it is still feasible to improve Market Growth and Market Share.


Market Dynamics


Drivers


Sour cream is a popular food condiment and topping that can be found in a variety of dishes. The growing demand for dairy products has significantly aided the expansion of the Market Value. Sour creams have become a culinary staple due to their use in pastries, salad dressings, and dips, propelling this industry. Sour cream is used in the preparation of various sweet foods in bakeries, including cookies, scones, and cakes. Since the last several years, Market Size has been steadily increasing as sour cream manufacturers have focused on manufacturing high-quality goods while employing aggressive marketing strategies during the Sour Cream Market Forecast, thus changing the Market Outlook. The demand for lactose-free organic sour cream is being pushed mostly by the rising consumption of baked goods and savory foods, as it adds lightening properties to these foods. The rising availability of lactose-free dairy products, as well as their market acceptance, represents a significant opportunity for dairy alternative makers. Furthermore, the growing cholesterol issue among customers has opened the way for the need for fat-free, low-fat, and other sour cream products. As a result, such products are projected to enhance the sour cream market throughout the forecast period.


Restraints


In the next years, the high expenses associated with premium foods, as well as the poor purchasing power of clients in emerging countries, may pose a significant challenge to the Sour Cream Market. The risk connected with energy drink consumption and the availability of a healthy substitute is expected to hinder the growth of the Sour Cream Market during the forecast period. Sour cream is similar to yogurt in popularity and is well-positioned in the European market as a fantastic, fermented product, but it is pricey. These are the primary restraints that may have an impact on the Functional Beverages Market Outlook.


Technology Analysis


The expanding consumer desire for probiotic goods, combined with the high consumption of Sour-cream-based products, has propelled the global market's rise, which is predicted to significantly enhance the market's revenue contribution throughout the forecast period. Consumers are growing more open to low-fat and vegan diets as a result of dietary, environmental, and ethical issues. This is predicted to be a major factor in increasing demand for sour cream shortly. The technology utilized to create sour cream has substantially increased the forecast for the sour cream industry and will also aid in future sour cream market analysis.


Segment Overview


The Global Sour Cream Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2030. The Global Market is segmented based on the following:


Based on the category, the global market has been segmented as follows:



  • Organic

  • Conventional


Based on the packaging material, the global market has been segmented as follows:



  • Bottles

  • Tubs/Cups

  • Squeezers

  • Others


Based on the distribution channel, the global sour cream market has been segmented as follows:



  • Store-Based

  • Non-Store Based


Based on the region, the sour cream market has been segmented as follows:


North America



  • US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe


Asia-Pacific



  • China

  • India

  • Australia

  • Singapore

  • Rest of Asia Pacific


Rest of the world



  • Brazil

  • Argentina

  • Saudi Arabia

  • South Africa

  • Others


Regional Classification


Because of the rising demand for dairy products and baked goods, Europe controls the sour cream industry. Sour cream is becoming increasingly popular in Europe, owing to its widespread use as a condiment in European cuisines. In this region, it is also used as a topping for cuisine. Growing incidences of lactose intolerance, as well as the availability of dairy substitutes, have propelled and continue to drive the European dairy alternative market. Manufacturers in the region are even offering lactose-free sour creams for consumers who are concerned about lactose intolerance, which is projected to boost market expansion in the future years. Because of the great preference for dairy products in food preparations, sour creams have grown steadily in North America. Sour creams are commonly used in the United States as a food condiment, as well as in the production of sweet pastries and cakes, among other things. Because of its enormous population, cross-cultural adoption, and rising purchasing power, Asia-Pacific is expected to be the fastest expanding market for sour creams.


Competitive Landscape


The market under consideration is a competitive market with both local and worldwide competitors. The companies' major approach is to offer new products in diverse formats, such as dip, exotic flavored sour cream, and innovative simple packaging. The continual development of new goods with varied claims, such as reduced-fat, lactose-free, and high quality, is one of the primary factors influencing market participants and their place in the concerned industry. As a result, the leading players are pursuing expansion as one of their primary tactics for achieving consolidation, optimizing their offers, and increasing their consumer base. The major key players in the sour cream market are as follows:



  • Laiterie Chalifoux, Inc. (Canada)

  • Cabot Creamery Cooperative, Inc. (US)

  • Uelzena Ingredients (Germany)

  • Organic Valley (US)

  • Daisy Brand LLC (US)

  • Meggle (Bosnia and Herzegovina)

  • Dean Foods (US)

  • Prairie Farms Dairy (US)

  • Only plant-based (US)

  • HP Hood LLC (US)

  • Kraft Heinz Company (US)

  • Saputo Inc. (Canada)

  • Vermont Creamery (US)


 Recent Developments



  • Only plant-based ingredients, Vegan mayo, sour cream, and dressings are now available in stores across the country. The plant-based company makes its condiments with components like rapeseed oil, spirit vinegar, veggies, and spices, and they come in flavors like garlic mayo, chipotle mayo, ranch, and sour cream.

  • Vermont Creamery, situated in Websterville, Vermont, introduced the brand's first cultured sour cream, which will be available in dairy cases in September 2021.

  • Prairie Farms Dairy has announced the addition of squeezable pouches of all-natural sour cream to its product line.


Report Overview


The study offers a description of the constraints and factors influencing the size of the sour cream market, as well as key segments, geographies, and top vendors. The study looks at the growth of the sour cream market over time, both historically and in the future. Aside from detailed market segmentation, the report also examines the sour cream market revenue during the study period, as well as historical value in terms of volume and value, technical improvements, and the important factors driving the market growth. Furthermore, the Report analyses well-known manufacturers with considerable market share, as well as the critical competitive strategies they employ to remain relevant.



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Frequently Asked Questions (FAQ) :

The expected CAGR growth for the sour cream market is 2.4% during the forecast period.

The European region is expected to be the market leader by the end of the global forecast period in 2027.

The segments covered in the report are category, packaging material, distribution channel, and region.