Cream Market

Global Cream Market Size (2024 to 2029)

The global cream market size is expected to reach USD 24.13 billion by 2029 from USD 19.74 billion in 2024, growing at a compound annual growth rate (CAGR) of 4.10% during the forecast period. Europe region is expected to dominate the cream market. The Non-dairy segment is anticipated to have lucrative growth in the market.

Global Cream Market Drivers:

The requirement for cream has increased, and demand has been generated from multiple industries, which is expected to drive the cream market growth. The bakery and coffee industries are the most widely and commonly used industries of cream, but in recent times, the rise in the applications for the cream from numerous industries, including alcohol and personal care, are expected to drive the market sales.

The rise in the focus on plant-based creamers for product innovation has created a no-win situation with the dairy. With the proliferation of the dairy cream innovation, addressing concerns and matching dairy’s versatility will determine the future growth of dairy and non-dairy products. In the past few years, the percentage increase in sales of the products carrying vegan products has increased; however, the share in the global market is very low when compared with others. A substantial proportion of the customers report minimizing interest in their animal food intake, such as dairy. Henceforth, there is a way for new opportunities for more innovations in the product space to appeal to customer segments who are searching for more variation in their food without animal ingredients. The companies started to spend more money on R&D for processing, mimicking dairy, and high-tech machinery to maintain the market growth trajectory. New cafes and multiple milk brands are launching new products that mimic dairy product properties. The changes in consumer preferences would drive the cream market.

Global Cream Market Restraints:

The increase in the incidence of lactose intolerance acts as a restraint to the cream market growth. Lactose intolerance is the most common health condition most often seen in the individuals at adolescents and young adults. Around 65% of the world's population is lactose intolerant, according to the National Center of Biotechnology Information. The rising number of individuals with lactose intolerance may have a negative impact on the market growth in the coming years. It requires new strategies and R&D groups to develop non-dairy products along with the time and investment of the companies. This results in the blockage of the entryway to the market and the development of the market for mid-level and niche companies. The requirement of the new product launch with the changing consumer preferences and health concerns can act as a restraint to market development and revenue generation.

Impact of COVID-19 on the Cream Market:

The COVID-19 pandemic has created an impact that has led to a decline in the growth of the cream market. The supply chain distribution has been disrupted, leading to a decline in revenue. Consumers' purchasing patterns have changed with the pandemic. Several countries are in lockdown, and the global economy went into crisis due to the COVID-19 pandemic. The lockdown has altered consumers' buying consumption patterns. The government has imposed various rules and regulations regarding the purchase of essential products. As the situation seemed to worsen in the initial months of the pandemic in most of the developed countries, the government kept changing its rules according to it. This has shown an influence on consumer buying behavior. The pandemic has created a platform for people to cook fresh food by themselves in most countries. Due to home quarantine, demand for products prepared fresh from the home-cooked is rising. However, the demand for the processed food industry and catering sector has declined during the pandemic period. Most companies lost traditional impulse purchases as more people prefer online services and avoid the time spent in stores.

REPORT COVERAGE:

This research report on the global cream market has been segmented and sub-segmented based on source, nature, type, application, & region.

Global Cream Market – By Source:

• Dairy
• Non - Dairy

The non-dairy segment in the cream market is expected to show lucrative growth during the forecast period. The better cost-in-use calculations, low-fat content, and better foam stability make it more convenient to use and attract more caterers and backers, and this drives segmental growth in the market. The successful imitation of the product, particularly whipping cream, requires the right fats and a combination of emulsifiers & stabilizers. The increase in the preference for non-dairy products by consumers creates a great opportunity for the market to expand to new segments.

Global Cream Market – By Nature:

• Pasteurized
• Ultra-Pasteurized

The ultra-pasteurized segment is expected to showcase considerable growth in the cream market. For the longer shelf life, preservation of the flavor and functionality, and flexibility to use can be achieved by the ultra-pasteurized process and its packaging. The right choice of stabilizers and emulsifiers helps in the storage of the product at room temperature for a longer period. The process is more suitable for dairy products compared to non-dairy products because it may result in a change in the taste and flavor of the particular product. So, most of the companies working with dairy products use the UHT process and take advantage of the process.

Global Cream Market – By Type:

• Fresh
• Table
• Heavy
• Whipping
• Others

The fresh cream segment is expected to grow at an exponential rate in the cream market as it is a more commonly found product in offline and online retail stores. There is less fat content in fresh cream compared to whipping cream, and it can be easily used for thickening coffee and savory dishes such as gravies and soups. But the drawback is it cannot be whipped and shaped for decorative purposes due to its 25% fat content. Industries like bakeries for dessert and cake decoration require whipped cream, which is rising in demand.

Global Cream Market – By Application:

• Commercial 
• Household

Commercial usage of the cream is more dominant in the cream market during the forecast period. The increasing application of the cream in several processed food products is expected to support the growth of the market. Many key market players are introducing a new range of product lines with new flavors.

The easy availability of the extensive range of products in various convenience stores is anticipated to boost the cream market. It is expected to grow with a high CAGR in the industry. The popularization of home cooking rather than dining out and the easy availability of several dairy products, such as ready-to-use products, save time from having to prepare from scratch. Consumers nowadays prefer more innovative and healthier versions of creams.

Global Cream Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The European region is anticipated to continue its domination in the global cream market in the coming years. Europe, especially the U.K., Germany, and France, consumes dairy products in their daily diet and has several dairy products available in the region. Consumers' preference for home cooking and baking led to an increase in sales of several dairy products. For the past several years, Europe has had a significant increase in demand for bakery products and coffee, which drives sales in the market. With the different consumption patterns of the vegan and dairy variants according to the local needs and cultures, Europe has a significant marketplace for the cream, in countries like Germany where people mainly focus on organic, natural, and vegan foods. The U.K. is known for its largest market for fresh and whipped cream varieties.

North America is expected to be the second most dominant region in the cream market in terms of market share. In this region, the dairy and vegan variants are dynamic. The sale of vegan products continues to boom in this region, and people are willing to pay more for better-quality products. The increase in concern about food origin, quality, safety, nutrition, and health are important issues on which more consumers in America are concentrating. 

KEY MARKET PLAYERS:

Amul, Arla Foods, Fonterra Co-operative Group, Dean Foods; Royal Friesland Campina N.V.; Dairy Farmers of America Inc.; Lactalis; Land O Lacks Inc.; Dean Foods, General Mills, Organic Valley; Agropur; Savenica Fromage & Dairy; DMK Group; Saputo and Woodlands Dairy are some of the noteworthy companies in the global cream market.

RECENT HAPPENINGS IN THE MARKET:

• In 2023, Woodlands Dairy introduced a new First Choice Ultra Heat Treatment (UHT) whipping cream. The product has a wide range of applications, including desserts, cakes, milkshakes, waffles, and others. The new product introduction aims to meet the growing demand for whipping cream at the national and international levels.
• In 2021, General Mills launched the oui-layered dessert strawberry cheesecake with chocolate crust. For an indulgent dessert experience, the product contains a spin-on cream fraiche, a cultured French cream combined with a chocolate crust and strawberry fruit.