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The global whipping cream market is expected to reach USD 3.32 billion by 2023 at a CAGR of 4.2%, during the forecast period. The global whipping cream volume sale recorded a growth of 1.7%, in the past five years. Europe consumed about 304 million Kg of Whipping Cream in 2017, which is growing at a stable growth rate.
Germany is the largest market for whipping cream with a massive volume consumption of 128 million Kg in 2017, which is followed by the US. However, the value sales declined by 2.6% during the last five year in Germany. Increased consumption of confectionery and toppings, growing demand for lactose-free, organic whipped cream and low fat cream has fueled the Whipping Cream market growth.
Bakery and Food Service Driving sales
Whipping cream is mostly consumed on bakery and pastry products to provide fluffy, softness, and creamy texture that retains for long. The whipped cream demand is growing in food service channel for bakery, soups, meat, ready cooked dishes, and ice cream application. The global Cakes, Pastries & Sweet Pies market crossed a sale of 14607 million Kg in 2017 with Europe accounting for major share. Pastries are the fastest growing category in baked goods that accounts for 80% of the absolute volume growth in the past five years. China is another significant market, which accounts for more than 50% of the baked food growth globally.
Asia-Pacific Posses Growth Opportunity
Australia is the most significant market in Asia-Pacific, with a whipped cream market size of USD million in 2017, which is followed by Japan. China, Thailand, India are at the nascent stage that possesses potential opportunity for the market growth. China whipped cream market is expected to register a CAGR of 8.4%, during the forecast period. Expanding foodservice channel in Asia-Pacific, which makes use of ready-made cream is the future whipped cream market opportunity for companies. Increased international flux, which has raised the popularity of multi-cuisine is driving the whipped cream application. Besides, the food-service channel has experienced a healthy growth rate in countries, such as India, China, and Vietnam. Rising consumption of coffee and growing demand for specialty coffee in Vietnam, China, India, and Indonesia are another opportunities for whipped cream application. Indonesia is the fastest growing retail coffee market in Asia observed a growth rate of 17.5% during 2012-2016, followed by India and Vietnam. The launch of cold coffee in Asia during 2011-2016 has almost doubled driven by the local taste preference.
Key Developments
• May 2016 - Westland Milk Products launched whipping cream in China, along with its UHT milk, and butter. The company introduced product to meet the growing demand of western style baked food in China. Baked food and expanding food service channel are the potential opportunity targeted by the company.
The global Whipping Cream market is competitive with a large number of multinational players competing for market share. The leading cream company, Fonterra’s premium Anchor whipping cream brand is the focus to increase the sale of UHT whipped cream targeting China. China is an attractive market for longer shelf life whipped cream sale. Private label brands, such as Safeway Inc. provides tough competition to the existing players with their flavored product offerings. Anchor whipping cream is the dominant freshest cream in New Zealand market.
Major players include - NESTLÉ S.A, FONTERRA CO-OPERATIVE GROUP LIMITED, WESTLAND CO-OPERATIVE DAIRY COMPANY LIMITED, CONAGRA BRANDS, INC., KRAFT FOODS, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Germany is the largest market for whipping cream with a massive volume consumption of 128 million Kg in 2017, which is followed by the US. However, the value sales declined by 2.6% during the last five year in Germany. Increased consumption of confectionery and toppings, growing demand for lactose-free, organic whipped cream and low fat cream has fueled the Whipping Cream market growth.
Bakery and Food Service Driving sales
Whipping cream is mostly consumed on bakery and pastry products to provide fluffy, softness, and creamy texture that retains for long. The whipped cream demand is growing in food service channel for bakery, soups, meat, ready cooked dishes, and ice cream application. The global Cakes, Pastries & Sweet Pies market crossed a sale of 14607 million Kg in 2017 with Europe accounting for major share. Pastries are the fastest growing category in baked goods that accounts for 80% of the absolute volume growth in the past five years. China is another significant market, which accounts for more than 50% of the baked food growth globally.
Asia-Pacific Posses Growth Opportunity
Australia is the most significant market in Asia-Pacific, with a whipped cream market size of USD million in 2017, which is followed by Japan. China, Thailand, India are at the nascent stage that possesses potential opportunity for the market growth. China whipped cream market is expected to register a CAGR of 8.4%, during the forecast period. Expanding foodservice channel in Asia-Pacific, which makes use of ready-made cream is the future whipped cream market opportunity for companies. Increased international flux, which has raised the popularity of multi-cuisine is driving the whipped cream application. Besides, the food-service channel has experienced a healthy growth rate in countries, such as India, China, and Vietnam. Rising consumption of coffee and growing demand for specialty coffee in Vietnam, China, India, and Indonesia are another opportunities for whipped cream application. Indonesia is the fastest growing retail coffee market in Asia observed a growth rate of 17.5% during 2012-2016, followed by India and Vietnam. The launch of cold coffee in Asia during 2011-2016 has almost doubled driven by the local taste preference.
Key Developments
• May 2016 - Westland Milk Products launched whipping cream in China, along with its UHT milk, and butter. The company introduced product to meet the growing demand of western style baked food in China. Baked food and expanding food service channel are the potential opportunity targeted by the company.
The global Whipping Cream market is competitive with a large number of multinational players competing for market share. The leading cream company, Fonterra’s premium Anchor whipping cream brand is the focus to increase the sale of UHT whipped cream targeting China. China is an attractive market for longer shelf life whipped cream sale. Private label brands, such as Safeway Inc. provides tough competition to the existing players with their flavored product offerings. Anchor whipping cream is the dominant freshest cream in New Zealand market.
Major players include - NESTLÉ S.A, FONTERRA CO-OPERATIVE GROUP LIMITED, WESTLAND CO-OPERATIVE DAIRY COMPANY LIMITED, CONAGRA BRANDS, INC., KRAFT FOODS, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
