by The global whipping cream powder market is poised for substantial growth, with a projected CAGR of 8% from 2023 to 2030. By the end of 2030, the market is expected to achieve sales revenue of approximately US$1.7 billion.
Key Market Insights
The whipping cream powder market encompasses the production, distribution, and consumption of powdered whipping cream products. Whipping cream powder is a versatile dairy or non-dairy-based product that, when reconstituted with water, can be whipped to create a creamy and airy texture, similar to freshly whipped cream. It is widely used in the bakery and confectionery industries to make cakes, pastries, desserts, and toppings. The market is witnessing growth due to the increasing demand for bakery products, with manufacturers also exploring plant-based alternatives to traditional dairy whipping cream powder.
Whipping Cream Powder Market Overview
The market for whipping cream powder is thriving, driven by several key factors, including convenience, extended shelf-life, and the rise of e-commerce. Whipping cream powders longer shelf-life compared to liquid whipping cream makes it attractive to consumers seeking a dairy-like product that is readily available without frequent trips to the grocery store. The product can be easily reconstituted with water to create whipped cream quickly and conveniently, appealing to consumers who value hassle-free cooking and baking experiences. Moreover, pre-packaged whipping cream powder portions cater to busy individuals who want to enjoy whipped cream anywhere, whether at home, work, or while traveling.
For the foodservice industry, whipping cream powder streamlines operations by eliminating the need for refrigerated storage and reducing the risk of spoilage, enhancing efficiency in commercial kitchens. In the baking industry, it provides a stable and convenient alternative to liquid cream, ensuring consistent results in the production of baked goods.
Additionally, the availability of whipping cream powder through retail and online platforms offers consumers the convenience of choice, allowing them to purchase and use the product at their convenience. As urbanization leads to busier lifestyles and increased reliance on packaged, ready-to-use food products, whipping cream powder aligns with the demands of modern consumers, providing a versatile and convenient solution for creating creamy textures in various culinary applications.
Growing Prevalence of Plant-Based F&B Alternatives
Plant-based alternatives are a significant driver of the whipping cream powder market, responding to the growing demand for vegan and dairy-free options. As more consumers embrace plant-based diets for health, environmental, and ethical reasons, the demand for dairy alternatives has surged. Plant-based whipping cream powders provide a dairy-free option for consumers who are lactose intolerant, have dairy allergies, or choose to follow a vegan or vegetarian diet. The appeal of plant-based options extends to those who prioritize plant-based eating for health, sustainability, and animal welfare.
Plant-based whipping cream powders are used in vegan baking and cooking, enabling consumers to create dairy-free versions of their favorite recipes without compromising taste or texture. These alternatives are often perceived as more environmentally friendly due to their lower carbon footprint and reduced water usage compared to traditional dairy products, aligning with the sustainability concerns of many consumers. Some consumers also choose plant-based alternatives as part of their pursuit of healthier eating habits, and plant-based whipping cream powders can offer lower fat and calorie content than their dairy counterparts.
As the plant-based movement gains momentum, the inclusion of plant-based alternatives in the whipping cream powder market meets consumer demands and positions the industry as adaptable and forward-thinking, catering to evolving dietary preferences and lifestyle choices.
Growth Challenges
Potential Health Concerns
Health and nutrition concerns associated with whipping cream powder can act as market restraints, impacting consumer perceptions and purchasing decisions. As consumers become increasingly health-conscious, they may opt for whipping cream powder alternatives that align with their dietary goals and preferences. The demand for lower-fat or healthier alternatives could rise, potentially affecting the demand for traditional whipping cream powder.
Consumers with lactose intolerance, dairy allergies, or dietary preferences for plant-based or allergen-free options may avoid traditional whipping cream powder, favoring alternative products. Competition from alternatives, including products fortified with additional nutrients or functional ingredients, can also restrain market growth.
Overview of Key Segments
Dairy-Based Whipping Cream Powder Popular
Dairy-based whipping cream powder enjoys popularity due to several factors. It offers an authentic and familiar taste and texture that consumers associate with traditional whipped cream, making it a preferred choice for creating classic and beloved dishes. Dairy whipping cream powder is highly versatile and can be used in various culinary creations, including desserts, pastries, sauces, soups, and beverages, making it a staple in professional kitchens and home cooking.
In the baking and pastry industry, dairy-based whipping cream powder is prized for its ability to stabilize and enhance baked goods, ensuring consistent quality and texture in cakes, pastries, and other confections. The foodservice industry values the convenience and consistency of dairy whipping cream powder, which can be prepared on demand, eliminating the need for refrigerated storage and reducing the risk of spoilage. Dairy whipping cream powder aligns well with consumer preferences for an authentic and nostalgic experience.
Bakery & Confectionery Applications Lead
Whipping cream powder finds extensive use in bakery and confectionery applications, playing a crucial role in enhancing the texture, flavor, and presentation of various baked goods and sweet treats. It creates a light and airy texture when reconstituted and whipped, adding a luxurious mouthfeel to baked goods. In baking, whipping cream powder helps retain moisture, resulting in tender, moist products with extended shelf-lives.
Whipping cream powder stabilizes cream-based fillings, frostings, and toppings, ensuring they maintain their structure and appearance over time. This ingredient ensures consistent results in baking and confectionery recipes, delivering reliable outcomes for professional bakers and home cooks. The versatility of whipping cream powder allows it to be used in various creations such as cakes, pastries, muffins, doughnuts, truffles, fudges, and chocolates, enhancing the quality, appearance, and taste of sweet treats.
Growth Opportunities Across Regions
Consumption Maximum in Europe
Europe has a significant presence in the whipping cream powder market, driven by its rich culinary traditions, diverse bakery and confectionery culture, and demand for high-quality dairy products. The regions artisanal bakeries, patisseries, and confectioneries produce a wide range of baked goods and desserts that rely on whipping cream powder. Europe is known for its well-established dairy industry, contributing to consumer trust and demand for whipping cream powder. European manufacturers often supply their products both domestically and internationally, establishing the region as a global hub for production and distribution.
Asia Pacific to Turn Profitable
Asia Pacific is emerging as a lucrative market for various food products, including whipping cream powder. The regions growing population, urbanization, changing consumer preferences, and expanding foodservice industry create a thriving culinary market. As Asia Pacific experiences economic growth and urbanization, there is an evolving shift in dietary preferences, and consumers are exploring new flavors, cuisines, and dessert options, including products like whipping cream powder. The expansion of the middle class in many Asian countries has led to increased disposable incomes and greater expenditure on premium food products and dining experiences.
Whipping Cream Powder Market: Competitive Landscape
Leading players in the global whipping cream powder market include Kraft Heinz, Wilton Brands LLC, Adams Food Ingredients Ltd, Weikfield, Betty Crocker, AussieBlends, Dr. Oetker, Well & Good, Hoosier Hill Farm, and Swiss Bake Ingredients Pvt. Ltd.
Browse Global Whipping Cream Powder Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 (By Source Coverage, By Type Coverage, By Application Coverage, By Geographic Coverage and Leading Companies): https://www.fairfieldmarketresearch.com/report/whipping-cream-powder-market
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This press release first seen on Brilad
COMTEX_441061751/2840/2023-09-27T09:25:59
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.