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Dairy Cream Market

Global Market Study on Dairy Cream Market: Low-Fat Cream to Gain Traction among Health-Conscious Consumers

Global Dairy Cream Market Segmentation by Nature- (Organic, Conventional). The organic diary cream is anticipated to grow at a CAGR of 3.9% and is expected to reach US$ 3.23 Bn by the end of 2033.

Dairy Cream Market Outlook (2023-2033)

The market for dairy cream can be expected to expand at a value based CAGR of 3.5% and show an increase in revenue from US$ 14,727.9 Mn to around US$ 20,875.7 Mn by 2033.

Dairy Cream Market Size (2023E)

US$ 14,727.9 Mn

Projected Sales of Dairy Cream (2033F)

US$ 20,875.7 Mn

Value CAGR (2023-2033)

3.5%

Value Share of Top 5 Countries (2022E)

47.1%

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Dairy Cream Consumption Analysis (2018-2022) Vs. Market Estimations (2023-2033)

The global dairy cream market has witnessed significant growth in the historical period registering a CAGR of 3.5% in the historical period and was valued at US$ 14,727.9 Mn in 2023. Cream products are gaining popularity among consumers, foodservice, and food and beverage manufacturers due to their taste characteristics and perceived health benefits. Europe has a traditional market for cream products, and has the highest number of cream products consumers. South Asia is expected to emerge as a potentially profitable market as a result of the expanding foodservice industry and the increasing number of cream consumers.

The foodservice industry is one of the largest users of cream products and ingredients. Cream enhances the taste and texture of products such as coffees, mocktails, ice-teas, ice-creams, and desserts, which are the key products in the foodservice industry containing high amounts of cream. With increasing technological advancements and innovation, the foodservice industry is anticipated to create huge opportunities for manufacturers of dairy cream.

The global market for dairy cream is estimated to reach an approximate valuation of US$ 14,727.9 Mn in the forecast period.

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What are the Key Trends in the Market for Dairy Cream?

Low-Fat Cream to Gain Traction among Health-Conscious Consumers

Today, consumers are more health-conscious than they were a decade before, and show a marked preference for healthy and sustainable ingredients and food products. Additionally, these customers verify the ingredients used in available food product options. Dairy products such as desserts, confectionery, and ice-creams are the most popular products across the world, and these products also have the highest content of cream. Industries targeting health conscious consumers seek high quality low-fat cream for use in their products to cater to the demand for healthier options.

“Consumer Focus on Customized Dairy Cream is Fueling the Global Dairy Cream Market”

Manufacturers in the global dairy industry focus on providing customized cream products to the food manufacturing, foodservice and household sectors. The customized creams are manufactured according to the requirements of end-use sectors such as bakery, dessert, foodservice, processed food, and for household uses.

  • For instance, Fonterra Co-operative Group provides products Anchor Fresh Cream for bakery and household use, Anchor Whipped Cream for the foodservice industry, Anchor Long Life Dessert Cream for dessert products.

“Easy Extraction Process and Availability to Boost Usage in Processed Food”

Cream has a wide number of applications in processed food, ready to eat meals, confectionery, and ice-cream products. According to the World Health Organization, the global population is expected to reach around 9 billion by 2050. Fulfilling the requirements of this vast population will emerge as the biggest challenge for the global food and beverage industry. The number of food and beverage manufacturers is increasing daily. Cream is the very first by-product of milk, and the simple and quick extraction method make it available in large volume. This makes cream a sustainable ingredient for global food and beverage manufacturers.

Increasing Popularity of Coffee and Café Culture to Boost Demand for Cream

Coffee shops and cafes are the fastest-growing segments in the foodservice industry. Changing food habits, standardizing lifestyles, and increasing disposable incomes are the key factors behind the rise in the number of cafes and coffee shops. In the preparation of coffee, cream is one of the important ingredients, as it provides taste, texture, and creaminess to coffee. Addition of extra cream in coffee is gaining popularity amongst consumers, which leads to an increase in demand for cream products and ingredients.

  • For instance, the global coffee brand Starbucks provides one of its most popular product “Caffè Mocha” with fluffy cloud of sweetened whipped cream and strawberry flavoring.

“Taste Enhancing Properties of Cream to Increase its Usage in Food Preparation”

Cream is a key ingredient in the foodservice industry, especially for cafes, restaurants, and hotels. Cream consumption has increased as a result of the popularity of coffee culture and the changing consumer preference for higher fat content products. Cream is a widely used ingredient in coffee, desserts, confectionery, and ice tea making to enhance the taste, texture, and appearance of these products. It is one of the tastier offerings in the range of dairy products. Desserts are the most loved dishes. Most dessert products contain cream as an ingredient, which enhances the taste and offers a pleasurable on consumption of these preparations.

“Varying Global Standards across Regions to Create Challenges for Manufacturers”

Milk cream is consumed worldwide and the composition of content present in the cream varies across regions and countries. For instance, in the U.S., the presence of approximately 18% fat content in cream is a common phenomenon, whereas the European population consumes cream with minimum fat content. Additionally, in the European region, cream is widely consumed in households as a staple ingredient. On the other hand in Asia Pacific, MEA, and other regions, it is widely used by the foodservice industry, and for the manufacturing of food products. The demand for cream with different fat content varies according to requirements from householders and by the foodservice and food production industries. Additionally, manufacturers have to produce offerings that are aligned with the food trends and the geographical background of the target country and region. These factors may hamper the growth of the dairy cream market.

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Country-wise insights

What is the value share held by India for the dairy cream market?

The India dairy cream market is estimated to hold 4.4% in the global dairy cream market and expected to grow at a CAGR of 7.6%. In the Asia Pacific region, the majority of dairy cream are consumed through the foodservice and food manufacturing industries. However, household use and retail sector hold high growth opportunities for sales of cream products. Moreover, the marketing and promotion conducted by key player across the region boost the dairy cream market.

What is the CAGR and value share of the South Asian dairy cream market?

The South Asian region holds 6.8% of the current market share and is valued at US$ 921.6 Mn and is growing at 6.9% CAGR. South Asia is one of the fastest growing regions in the world on the basis of both population and economy. This region has the highest number of consumers of milk and milk products. While consumers in this region are not very informed about cream products and the characteristics of cream, the region is witnessing an increase in the popularity of cream products. This creates potential for expansion into this untapped landscape for the key players in the global dairy cream market.

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Category-wise insights

Which Nature of Dairy Cream Market Accounts for High Revenue Generation?

The organic segment of global dairy cream market is growing at a rapid rate, especially in the developed region i.e. North America and Europe, as an increasing number of consumers demand products containing natural and authentic ingredients without added chemicals or artificial ingredients along with high levels of transparency and sustainability from manufacturers. The organic diary cream is anticipated to grow at a CAGR of 3.9% during the forecast period and is expected to reach US$ 3,238.1 Mn by the end of 2033.

Competitive Dashboard

The leading producers of dairy cream are focused on increasing their product portfolio by increasing their organic product offering in order to attain these goals the producers are collaborating and sponsoring the various dairy farms. Moreover, the manufacturer are providing essential requirements such as equipment, raw materials to the farmers to enhance their production capacity which help them to increase the organic milk products.

  • In 2018, Glanbia Plc finalized a joint venture agreement with Dairy Farmers of America and select milk producers in the U.S. to invest US$470m to build, supply, and operate a cheese and whey production facility in Michigan.
  • In 2018, Groupe Lactalis S.A. finalized a joint venture agreement with Dairy Farmers of America and select milk producers in the U.S. to invest US$470m to build, supply, and operate a cheese and whey production facility in Michigan.
  • Granarolo S.P.A. has an organic dairy product portfolio. It processed 20,000 tons of organic milk in 2017 and aims to achieve milk processing capacity of 50,000 tons by 2020.
  • Meadow Foods Ltd. is investing to increase its organic portfolio of ingredients by providing training and essential assistance to its partnered farmers.

Dairy Cream Industry Report Scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018-2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Nature
  • Distribution Channel
  • End-Use
  • Region

Key companies profiled

  • Glanbia Plc.
  • Groupe Lactalis
  • Savencia Fromage & Dairy
  • Fonterra Co-operative Group
  • GCMMF (Amul) India
  • FrieslandCampina
  • DMK Group
  • Arla Foods
  • SODIAAL
  • Saputo
  • Unternehmensgruppe Theo Müller
  • Schreiber Foods Inc.
  • Meiji Holdings Company, Ltd.
  • Baltic dairy board
  • Freedom Foods Group Ltd.
  • Granarolo S.P.A.
  • BV Dairy
  • Burra Foods Australia
  • Meadow Foods Ltd.
  • Nestlé S.A.

Report coverage

  • Market forecast
  • Company share analysis
  • Competition intelligence
  • DROT analysis
  • Market dynamics and challenges
  • Strategic growth initiatives

Customization & pricing

Available upon request

Dairy Cream Industry Research by Category

By Nature:

  • Organic
  • Conventional

By Form:

  • Processed Food
    • Bakery
    • Confectionery
    • Others
  • Dairy Dessert & Beverages
  • Retail/Household
  • Foodservice
  • Others

By Distribution Channel:

  • Business to Business
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Online Retails
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • Glanbia Plc.
  • Groupe Lactalis
  • Savencia Fromage & Dairy
  • Fonterra Co-operative Group
  • GCMMF (Amul) India
  • FrieslandCampina
  • DMK Group
  • Arla Foods
  • SODIAAL
  • Saputo
  • Unternehmensgruppe Theo Müller
  • Schreiber Foods Inc.
  • Meiji Holdings Company, Ltd.
  • Baltic dairy board
  • Others (on request)

- Frequently Asked Questions -

The global market for dairy cream has a value of US$ 14,727.9 Mn in 2023.

The global market for dairy cream has a value CAGR of 2.1% from 2018-2022.

The global market for dairy cream has a value of US$ 14,727.9 Mn in 2033.

The global market for dairy cream has a value CAGR of 3.5% from 2023-2033.

The top players in the global dairy cream market includes FrieslandCampina, Fonterra Co-operative Group, Groupe Lactalis, Saputo Inc. and others.

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