Whipping Cream Market
PUBLISHED: 2024 ID: SMRC25662
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Whipping Cream Market

Whipping Cream Market Forecasts to 2030 - Global Analysis By Product (Regular Whipping Cream, Heavy Whipping Cream, Light Whipping Cream, Extra Thick Whipping Cream, Organic Whipping Cream, Non-Dairy Whipping Cream and Other Products), Flavour, Packaging, Distribution Channel, Application, End User and By Geography

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4.6 (91 reviews)
Published: 2024 ID: SMRC25662

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Whipping Cream Market is accounted for $8.04 billion in 2023 and is expected to reach $11.72 billion by 2030 growing at a CAGR of 5.5% during the forecast period. Whipping cream, a versatile dairy product, is renowned for its creamy texture and rich flavor, making it a staple in culinary endeavours worldwide. With a high fat content, typically around 30-40%, it offers excellent whipping properties, resulting in light and fluffy peaks when beaten. Used as a topping for desserts, in baking recipes, or incorporated into savoury dishes, whipping cream enhances flavor and adds a luxurious touch. Its popularity stems from its ability to elevate both homemade and professional creations, catering to diverse consumer tastes and culinary preferences.

According to The Observatory of Economic Complexity (OEC), in 2021, the US imported $7.47 billion in bakery products and became the largest importer of bakery products globally. 

Market Dynamics: 

Driver: 

Growing consumer preference for dairy products

With an increasing focus on natural and wholesome ingredients, consumers are increasingly seeking out dairy-based products like whipping cream. The rich texture and flavor of whipping cream make it a desirable choice for a variety of culinary applications, from desserts to savoury dishes. As consumer awareness of the nutritional benefits and versatility of dairy products continues to rise, the demand for whipping cream as a premium ingredient for indulgent and high-quality recipes is expected to escalate, driving market growth.

Restraint:

Regulatory constraints

Regulatory constraints in the whipping cream market encompass stringent regulations regarding labeling, quality standards, and food safety. Compliance with these regulations requires significant investment in testing, certification, and adherence to specific manufacturing processes. Failure to meet these standards can result in product recalls, fines, and damage to brand reputation. Additionally, navigating complex regulatory frameworks poses challenges for market entrants, hindering market competitiveness and innovation.

Opportunity:

Expanding foodservice industry

As dining out becomes increasingly popular, demand for premium desserts, beverages, and culinary creations rises. Whipping cream, renowned for its rich and creamy texture, is a key ingredient in many indulgent dishes served in restaurants, cafes, and bakeries. Its versatility and ability to enhance the taste and presentation of various menu items make it a sought-after ingredient in the foodservice sector. 

Threat:

Price volatility of dairy products

Fluctuations in milk prices, a primary ingredient in whipping cream production, can lead to uncertainty in manufacturing costs and product pricing. This volatility can impact profit margins for manufacturers and deter investment in the market. Additionally, sudden price increases may lead to higher retail prices, potentially reducing consumer demand. As a result, the instability in dairy product prices hampers market growth by creating uncertainty for stakeholders and affecting the affordability and accessibility of whipping cream products.

Covid-19 Impact

The covid-19 pandemic has had a mixed impact on the whipping cream market. While initially experiencing disruptions due to supply chain challenges and changes in consumer behaviour, such as reduced dining out and pantry stocking, the market rebounded as home cooking and baking trends surged during lockdowns. Increased demand for whipping cream as a key ingredient for homemade desserts and baked goods offset some losses. However, ongoing concerns about economic uncertainty and supply chain disruptions continue to pose challenges for market stability, requiring agile strategies from industry players to navigate fluctuations effectively.

The customizable/do-it-yourself flavours segment is expected to be the largest during the forecast period

The customizable/do-it-yourself flavours segment is estimated to have a lucrative growth. Customizable or Do-It-Yourself (DIY) flavours in whipping cream offer consumers the opportunity to personalize their culinary creations according to their taste preferences and creativity. These products typically come in a neutral base flavor, allowing users to add their choice of extracts, syrups, fruits, or spices to create unique flavor profiles. It also promotes experimentation in the kitchen, inspiring consumers to unleash their creativity and innovate with flavors, thereby enhancing the overall appeal of whipping cream products in the market.

The topping & garnishing segment is expected to have the highest CAGR during the forecast period

The topping & garnishing segment is anticipated to witness the highest CAGR growth during the forecast period. Whipping cream serves as a quintessential ingredient in topping and garnishing various culinary creations. Its rich and creamy texture adds a luxurious finish to desserts, hot beverages, and savoury dishes alike. When whipped to perfection, it forms soft peaks that elegantly adorn cakes, pies, and pastries, enhancing their visual appeal and taste. Furthermore, its versatility extends beyond sweet treats, adding a delightful touch of indulgence to savoury dishes. Whipping cream elevates the presentation and flavor profile of dishes, making it a staple in topping and garnishing across culinary domains.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing consumer demand for dairy-based products, evolving culinary trends, and rising disposable incomes. Factors such as urbanization, westernization of diets, and a burgeoning foodservice industry have further fuelled market expansion. Additionally, the adoption of western-style desserts and bakery products in India has contributed to the surge in demand for whipping cream. The market is poised for continued growth, with ongoing advancements in dairy processing technologies.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period.  The region's strong dairy industry infrastructure, coupled with a growing demand for premium and convenience food products, has fuelled market growth. Increasing consumer awareness of natural and organic ingredients has also contributed to the expansion, with consumers seeking high-quality whipping cream options. Moreover, the popularity of homemade desserts and bakery products has driven demand in both retail and foodservice sectors ensuring a competitive and dynamic market landscape.

Key players in the market

Some of the key players profiled in the Whipping Cream Market include Nestle S.A., Danone S.A., FOODStuff SA, Fonterra Co-operative Group Limited, Dean Foods Company, Arla Foods, Kerry Group, Saputo Inc., Land O'Lakes Inc., FrieslandCampina, Agropur Cooperative, Schreiber Foods, Gujarat Cooperative Milk Marketing Federation Limited, The WhiteWave Foods Company, Granarolo Group, Califia Farms, Country Crock and Lactalis Group.

Key Developments:

In December 2023, Amul, a dairy brand by Gujarat Cooperative Milk Marketing Federation Ltd., launched its first whipping cream, which is made from milk cream and has 30% fat. This dairy-based whipping cream is creamier than vegetable fat-based whipping creams and can be used for cooking and as a topping. It comes in two packs and is stored in a dry place.

In February 2023, FOODStuff SA launched the UHT Whipping Cream (WC); it started rolling down the conveyers at one of the largest dairy manufacturers in South Africa and the industry leader in sustainability, Woodlands Dairy. The launch of the product is to satisfy the growing demand for whipping cream both locally and internationally.

Products Covered:
• Regular Whipping Cream
• Heavy Whipping Cream
• Light Whipping Cream
• Extra Thick Whipping Cream
• Organic Whipping Cream
• Non-Dairy Whipping Cream
• Other Products

Flavours Covered:
• Traditional Flavours
• Nutty Flavours
• Fruity Flavours
• Seasonal Flavours
• Exotic Flavours
• Regional & Cultural Flavours
• Customizable/Do-It-Yourself Flavours
• Other Flavours

Packagings Covered:
• Cartons
• Bottles
• Pouches
• Tetra Packs
• Aerosol Cans
• Other Packagings

Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Other Distribution Channels

Applications Covered:
• Baking & Cooking
• Topping & Garnishing
• Processed Foods
• Sauces & Soups
• Other Applications

End Users Covered:
• Household
• Food Service Industry
• Bakery & Confectionery Industry
• Dairy Industry
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary            
              
2 Preface             
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Product Analysis           
 3.7 Application Analysis          
 3.8 End User Analysis           
 3.9 Emerging Markets           
 3.10 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Whipping Cream Market, By Product         
 5.1 Introduction           
 5.2 Regular Whipping Cream          
 5.3 Heavy Whipping Cream          
 5.4 Light Whipping Cream          
 5.5 Extra Thick Whipping Cream          
 5.6 Organic Whipping Cream          
 5.7 Non-Dairy Whipping Cream          
 5.8 Other Products           
              
6 Global Whipping Cream Market, By Flavour         
 6.1 Introduction           
 6.2 Traditional Flavours           
 6.3 Nutty Flavours           
 6.4 Fruity Flavours           
 6.5 Seasonal Flavours           
 6.6 Exotic Flavours           
 6.7 Regional & Cultural Flavours          
 6.8 Customizable/Do-It-Yourself Flavours         
 6.9 Other Flavours           
              
7 Global Whipping Cream Market, By Packaging         
 7.1 Introduction           
 7.2 Cartons            
 7.3 Bottles            
 7.4 Pouches            
 7.5 Tetra Packs           
 7.6 Aerosol Cans           
 7.7 Other Packagings           
              
8 Global Whipping Cream Market, By Distribution Channel        
 8.1 Introduction           
 8.2 Supermarkets/Hypermarkets          
 8.3 Convenience Stores           
 8.4 Online Retail           
 8.5 Other Distribution Channels          
              
9 Global Whipping Cream Market, By Application         
 9.1 Introduction           
 9.2 Baking & Cooking           
 9.3 Topping & Garnishing          
 9.4 Processed Foods           
 9.5 Sauces & Soups           
 9.6 Other Applications           
              
10 Global Whipping Cream Market, By End User         
 10.1 Introduction           
 10.2 Household           
 10.3 Food Service Industry          
 10.4 Bakery & Confectionery Industry         
 10.5 Dairy Industry           
 10.6 Other End Users           
              
11 Global Whipping Cream Market, By Geography         
 11.1 Introduction           
 11.2 North America           
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe          
 11.4 Asia Pacific           
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand          
  11.4.6 South Korea          
  11.4.7 Rest of Asia Pacific          
 11.5 South America           
  11.5.1 Argentina          
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia          
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa          
  11.6.5 Rest of Middle East & Africa         
              
12 Key Developments            
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions           
 12.5 Other Key Strategies          
              
13 Company Profiling            
 13.1 Nestle S.A.           
 13.2 Danone S.A.           
 13.3 FOODStuff SA           
 13.4 Fonterra Co-operative Group Limited         
 13.5 Dean Foods Company          
 13.6 Arla Foods           
 13.7 Kerry Group           
 13.8 Saputo Inc.           
 13.9 Land O'Lakes Inc.           
 13.10 FrieslandCampina           
 13.11 Agropur Cooperative          
 13.12 Schreiber Foods           
 13.13 Gujarat Cooperative Milk Marketing Federation Limited       
 13.14 The WhiteWave Foods Company         
 13.15 Granarolo Group           
 13.16 Califia Farms           
 13.17 Country Crock           
 13.18 Lactalis Group           
              
List of Tables             
1 Global Whipping Cream Market Outlook, By Region (2021-2030) ($MN)       
2 Global Whipping Cream Market Outlook, By Product (2021-2030) ($MN)       
3 Global Whipping Cream Market Outlook, By Regular Whipping Cream (2021-2030) ($MN)     
4 Global Whipping Cream Market Outlook, By Heavy Whipping Cream (2021-2030) ($MN)     
5 Global Whipping Cream Market Outlook, By Light Whipping Cream (2021-2030) ($MN)     
6 Global Whipping Cream Market Outlook, By Extra Thick Whipping Cream (2021-2030) ($MN)     
7 Global Whipping Cream Market Outlook, By Organic Whipping Cream (2021-2030) ($MN)     
8 Global Whipping Cream Market Outlook, By Non-Dairy Whipping Cream (2021-2030) ($MN)     
9 Global Whipping Cream Market Outlook, By Other Products (2021-2030) ($MN)      
10 Global Whipping Cream Market Outlook, By Flavour (2021-2030) ($MN)       
11 Global Whipping Cream Market Outlook, By Traditional Flavours (2021-2030) ($MN)     
12 Global Whipping Cream Market Outlook, By Nutty Flavours (2021-2030) ($MN)      
13 Global Whipping Cream Market Outlook, By Fruity Flavours (2021-2030) ($MN)      
14 Global Whipping Cream Market Outlook, By Seasonal Flavours (2021-2030) ($MN)      
15 Global Whipping Cream Market Outlook, By Exotic Flavours (2021-2030) ($MN)      
16 Global Whipping Cream Market Outlook, By Regional & Cultural Flavours (2021-2030) ($MN)     
17 Global Whipping Cream Market Outlook, By Customizable/Do-It-Yourself Flavours (2021-2030) ($MN)    
18 Global Whipping Cream Market Outlook, By Other Flavours (2021-2030) ($MN)      
19 Global Whipping Cream Market Outlook, By Packaging (2021-2030) ($MN)      
20 Global Whipping Cream Market Outlook, By Cartons (2021-2030) ($MN)       
21 Global Whipping Cream Market Outlook, By Bottles (2021-2030) ($MN)       
22 Global Whipping Cream Market Outlook, By Pouches (2021-2030) ($MN)       
23 Global Whipping Cream Market Outlook, By Tetra Packs (2021-2030) ($MN)      
24 Global Whipping Cream Market Outlook, By Aerosol Cans (2021-2030) ($MN)      
25 Global Whipping Cream Market Outlook, By Other Packagings (2021-2030) ($MN)      
26 Global Whipping Cream Market Outlook, By Distribution Channel (2021-2030) ($MN)     
27 Global Whipping Cream Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)     
28 Global Whipping Cream Market Outlook, By Convenience Stores (2021-2030) ($MN)     
29 Global Whipping Cream Market Outlook, By Online Retail (2021-2030) ($MN)      
30 Global Whipping Cream Market Outlook, By Other Distribution Channels (2021-2030) ($MN)     
31 Global Whipping Cream Market Outlook, By Application (2021-2030) ($MN)      
32 Global Whipping Cream Market Outlook, By Baking & Cooking (2021-2030) ($MN)      
33 Global Whipping Cream Market Outlook, By Topping & Garnishing (2021-2030) ($MN)     
34 Global Whipping Cream Market Outlook, By Processed Foods (2021-2030) ($MN)      
35 Global Whipping Cream Market Outlook, By Sauces & Soups (2021-2030) ($MN)      
36 Global Whipping Cream Market Outlook, By Other Applications (2021-2030) ($MN)      
37 Global Whipping Cream Market Outlook, By End User (2021-2030) ($MN)       
38 Global Whipping Cream Market Outlook, By Household (2021-2030) ($MN)      
39 Global Whipping Cream Market Outlook, By Food Service Industry (2021-2030) ($MN)     
40 Global Whipping Cream Market Outlook, By Bakery & Confectionery Industry (2021-2030) ($MN)    
41 Global Whipping Cream Market Outlook, By Dairy Industry (2021-2030) ($MN)      
42 Global Whipping Cream Market Outlook, By Other End Users (2021-2030) ($MN)      
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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