Whipping Cream Powder Market By Source (Dairy, Non-Dairy), By Type (Sweetened, Unsweetened), By Application (Bakery & Confectionery, Beverages), By Distribution Channel (Online, Offline), By Region, By Competition Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationWhipping Cream Powder Market By Source (Dairy, Non-Dairy), By Type (Sweetened, Unsweetened), By Application (Bakery & Confectionery, Beverages), By Distribution Channel (Online, Offline), By Region, By Competition Forecast & Opportunities, 2018-2028F
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 885.56 Million |
| CAGR (2023-2028) | 7.45% |
| Fastest Growing Segment | Online |
| Largest Market | Europe |
Market Overview
The market for powdered whipping cream has experienced significant growth in recent years due to its convenience and extended shelf life. Powdered whipping cream is made by drying high-fat cream and finds extensive use in the food and beverage industry because of its versatility and ease of use.
Several factors are driving the growth of this market
Rising Demand for Convenience FoodsThe global shift towards convenience foods, driven by changing lifestyles and busier schedules, has boosted the demand for powdered whipping cream. It offers an easy-to-use and readily found at solution for adding a creamy texture to a variety of dishes and beverages. Consumers are seeking products that save preparation time without compromising on taste and quality.
Expansion of the Bakery and Confectionery SectorThe bakery and confectionery industry is experiencing rapid growth, and powdered whipping cream is a crucial ingredient in various baked goods like cakes, pastries, and muffins. It enhances the texture, flavor, and appearance of these products, making it an attractive choice for bakery manufacturers. The trend of customized and elaborately designed cakes and pastries has further fueled the demand for powdered whipping cream.
Increased Consumption of Dairy-Based IngredientsDespite the emergence of dairy alternatives, dairy-based products remain popular in various cuisines and culinary traditions. Powdered whipping cream provides a convenient way to incorporate dairy goodness into a wide range of dishes. It caters to consumers who prefer the taste and texture of dairy-based ingredients, especially in regions where dairy products are integral to culinary practices.
Innovation and Product DiversificationManufacturers are continuously innovating to cater to changing consumer preferences and dietary needs. They are introducing variations of powdered whipping cream, including low-fat, organic, and lactose-free options. Additionally, there's a trend towards clean label and natural ingredients, leading to the development of powdered whipping creams with minimal additives and preservatives.
Geographically, the growth of the market is spread across various regions, with North America, Europe, and Asia-Pacific being significant contributors. As consumers' disposable incomes rise and their culinary preferences evolve, the market for powdered whipping cream is expected to continue its expansion.
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However, there are challenges to be addressed
Raw Material Price VolatilityThe market heavily relies on dairy commodities like milk and cream. Fluctuations in the prices of these commodities can significantly impact production costs. Manufacturers often employ strategic sourcing and efficient inventory management to mitigate these challenges.
Competition from Non-Dairy AlternativesThe growing popularity of plant-based and non-dairy diets poses a challenge to the powdered whipping cream market. Manufacturers are diversifying their product portfolios to include non-dairy alternatives to address this competition.
Clean Label and Ingredient TransparencyConsumer demand for cleaner labels and transparency in ingredients presents a challenge for manufacturers who traditionally use additives and stabilizers. Striking a balance between clean labels and product stability is essential.
Rising Demand and Supply Chain PressuresIncreasing demand for powdered whipping cream puts pressure on the supply chain. Manufacturers must ensure a consistent supply of high-quality raw materials and efficient distribution to meet market demands.
Quality ConsistencyMaintaining consistent product quality across batches is a challenge. Variations in sourcing of raw materials, production methods, and storage conditions can lead to differences in taste and texture.
Shelf Life and Storage StabilityEnsuring the shelf life and storage stability of powdered whipping cream is vital to prevent spoilage. Factors like moisture absorption, temperature fluctuations, and exposure to light can impact product quality over time.
In conclusion, the powdered whipping cream market is experiencing growth due to its convenience, versatility, and relevance in various industries. However, it also faces challenges related to raw material prices, competition from non-dairy alternatives, and the need for cleaner labels. Successful adaptation to these challenges will be essential for sustained growth in this competitive industry.
Recent Developments
- In2021, Hoosier Hill Farm launchedWhipped Cream Substitute Powder. This product is a vegan and gluten-freealternative to traditional whipped cream. It is made with coconut milk, sugar,and tapioca starch, and it can be whipped into a light and fluffy topping fordesserts or used as a filling for pastries.
Key Market Players
- KraftHeinz
- Wilton Brands LLC
- Betty Crocker
- Dr. Oetker
- AussieBlends
- Weikfield
- Well & Good
- Swiss Bake Ingredients Pvt.
- Hoosier Hill Farm
- Adams Food Ingredients Ltd.
Report Scope
In this report, the Global Whipping Cream Powder Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Whipping Cream Powder Market, By Source
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- Whipping Cream Powder Market, By Type
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- Whipping Cream Powder Market, By Source
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- Whipping Cream Powder Market, By Distribution Channel
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- Whipping Cream Powder Market, By Region
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