Whipping Cream Powder Market - Global Whipping Cream Powder Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 -

Description

Global Whipping Cream Powder Market Set to Grow at 8% CAGR, Reaching US$1.7 Billion by 2030.

The global market for whipping cream powder is on the path to substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 8% during the period from 2023 to 2030. By the end of 2030, the sales of whipping cream powder are projected to generate revenues worth US$1.7 billion. This impressive expansion is driven by the increasing demand for convenience foods and the growing prevalence of plant-based and vegan alternatives.

Market Overview

Whipping cream powder, a versatile dairy or non-dairy product, has a multitude of applications, primarily in the bakery and confectionery industries. It can be reconstituted with water to create a creamy texture similar to freshly whipped cream, making it a valuable ingredient for cakes, pastries, desserts, and toppings. As consumer preferences evolve, manufacturers are exploring non-dairy plant-based options to cater to the growing demand for vegan products.

Key Findings

Revenue Expansion: The whipping cream powder market is poised for substantial revenue growth between 2023 and 2030, driven by factors such as convenience and extended shelf-life.

Dairy vs. Non-Dairy: While dairy-based whipping cream powder remains in demand, non-dairy alternatives are experiencing the fastest growth, aligning with the surge in plant-based diets.

Bakery and Confectionery Dominance: In 2022, the bakery and confectionery category held the highest market revenue share, emphasizing the vital role of whipping cream powder in enhancing various sweet creations.

Europe Leads, Asia Pacific Grows Strong: Europe continues to be the leader in the whipping cream powder market, whereas the Asia Pacific region is expected to witness the highest growth until 2030.

Growth Drivers

Demand for Convenience Foods: The fast-paced, hectic lifestyles of consumers are driving the demand for convenience foods. Whipping cream powder aligns perfectly with this trend, offering a hassle-free solution for creating creamy textures without liquid cream. Its longer shelf-life and ease of reconstitution make it an attractive option for busy consumers.

Plant-Based Alternatives: The surge in plant-based diets, driven by health, environmental, and ethical concerns, is boosting the market. Plant-based whipping cream powders cater to consumers who are lactose intolerant, have dairy allergies, or choose vegan or vegetarian diets. These alternatives align with sustainability concerns, as they often have a lower carbon footprint and reduced water usage compared to traditional dairy products.

Challenges

Health Concerns: Increasing consumer health and nutrition awareness can lead to more informed purchasing decisions. Consumers may opt for lower-fat or healthier alternatives, potentially impacting the demand for traditional whipping cream powder. Competition from alternative products, including those fortified with additional nutrients, can serve as a restraint for market growth.

Overview of Key Segments

Dairy-based vs. Non-Dairy: Dairy-based whipping cream powder remains popular due to its authentic taste and versatility. It is valued for its role in various culinary creations, including desserts, pastries, sauces, soups, and beverages. Non-dairy alternatives are gaining traction, particularly among those seeking vegan or lactose-free options.

Bakery and Confectionery Applications: Whipping cream powder is extensively used in bakery and confectionery applications. It enhances the texture, flavor, and presentation of baked goods and sweet treats. It contributes to the indulgence and satisfaction of consumers by creating a luxurious and velvety mouthfeel in various desserts.

Growth Opportunities Across Regions

Consumption in Europe: Europe's rich culinary traditions, diverse bakery and confectionery culture, and demand for high-quality dairy products have contributed to its leadership in the whipping cream powder market. European consumers appreciate the convenience and versatility of whipping cream powder in their culinary endeavors.

Profitable Asia Pacific: The Asia Pacific region is emerging as a lucrative market, driven by a growing population, urbanisation, changing consumer preferences, and an expanding foodservice industry. The demand for convenience foods and the adoption of international culinary trends are key factors contributing to market growth.

Competitive Landscape

Leading players in the 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. As the market continues to evolve, these key players are expected to play a significant role in shaping its future.

1. Executive Summary

1.1. Global Whipping Cream Powder Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Volume/Value, 2022
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Whipping Cream Powder Market Outlook, 2018 - 2030

3.1. Global Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 3.1.1. Key Highlights
  - 3.1.1.1. Dairy
  - 3.1.1.2. Non-dairy
3.2. Global Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 3.2.1. Key Highlights
  - 3.2.1.1. Sweetened
  - 3.2.1.2. Unsweetened
3.3. Global Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 3.3.1. Key Highlights
  - 3.3.1.1. Bakery & Confectionery
  - 3.3.1.2. Ice-cream & frozen desserts
  - 3.3.1.3. Beverages
  - 3.3.1.4. Others
3.4. Global Whipping Cream Powder Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Whipping Cream Powder Market Outlook, 2018 - 2030

4.1. North America Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Dairy
  - 4.1.1.2. Non-dairy
4.2. North America Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Sweetened
  - 4.2.1.2. Unsweetened
4.3. North America Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Bakery & Confectionery
  - 4.3.1.2. Ice-cream & frozen desserts
  - 4.3.1.3. Beverages
  - 4.3.1.4. Others
- 4.3.2. Market Attractiveness Analysis
4.4. North America Whipping Cream Powder Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 4.4.1.2. U.S. Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 4.4.1.3. U.S. Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 4.4.1.4. Canada Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 4.4.1.5. Canada Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 4.4.1.6. Canada Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Whipping Cream Powder Market Outlook, 2018 - 2030

5.1. Europe Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Dairy
  - 5.1.1.2. Non-dairy
5.2. Europe Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Sweetened
  - 5.2.1.2. Unsweetened
5.3. Europe Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Bakery & Confectionery
  - 5.3.1.2. Ice-cream & frozen desserts
  - 5.3.1.3. Beverages
  - 5.3.1.4. Others
- 5.3.2. Market Attractiveness Analysis
5.4. Europe Whipping Cream Powder Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.2. Germany Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.3. Germany Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.4. U.K. Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.5. U.K. Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.6. U.K. Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.7. France Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.8. France Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.9. France Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.10. Italy Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.11. Italy Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.12. Italy Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.13. Turkey Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.14. Turkey Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.15. Turkey Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.16. Russia Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.17. Russia Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.18. Russia Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 5.4.1.19. Rest of Europe Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 5.4.1.20. Rest of Europe Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 5.4.1.21. Rest of Europe Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Whipping Cream Powder Market Outlook, 2018 - 2030

6.1. Asia Pacific Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Dairy
  - 6.1.1.2. Non-dairy
6.2. Asia Pacific Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Sweetened
  - 6.2.1.2. Unsweetened
6.3. Asia Pacific Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Bakery & Confectionery
  - 6.3.1.2. Ice-cream & frozen desserts
  - 6.3.1.3. Beverages
  - 6.3.1.4. Others
- 6.3.2. Market Attractiveness Analysis
6.4. Asia Pacific Whipping Cream Powder Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. China Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.2. China Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.3. China Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.4. Japan Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.5. Japan Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.6. Japan Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.7. South Korea Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.8. South Korea Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.9. South Korea Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.10. India Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.11. India Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.12. India Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.13. Southeast Asia Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.14. Southeast Asia Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.15. Southeast Asia Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 6.4.1.16. Rest of Asia Pacific Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 6.4.1.17. Rest of Asia Pacific Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 6.4.1.18. Rest of Asia Pacific Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Whipping Cream Powder Market Outlook, 2018 - 2030

7.1. Latin America Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Dairy
  - 7.1.1.2. Non-dairy
7.2. Latin America Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Sweetened
  - 7.2.1.2. Unsweetened
7.3. Latin America Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Bakery & Confectionery
  - 7.3.1.2. Ice-cream & frozen desserts
  - 7.3.1.3. Beverages
  - 7.3.1.4. Others
- 7.3.2. Market Attractiveness Analysis
7.4. Latin America Whipping Cream Powder Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.2. Brazil Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 7.4.1.3. Brazil Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.4. Mexico Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.5. Mexico Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 7.4.1.6. Mexico Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.7. Argentina Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.8. Argentina Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 7.4.1.9. Argentina Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 7.4.1.10. Rest of Latin America Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 7.4.1.11. Rest of Latin America Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 7.4.1.12. Rest of Latin America Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Whipping Cream Powder Market Outlook, 2018 - 2030

8.1. Middle East & Africa Whipping Cream Powder Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
- 8.1.1. Key Highlights
- 8.1.2. Dairy
- 8.1.3. Non-dairy
8.2. Middle East & Africa Whipping Cream Powder Market Outlook, by Type, Value (US$ Bn), 2018 - 2030
- 8.2.1. Key Highlights
- 8.2.2. Sweetened
- 8.2.3. Unsweetened
8.3. Middle East & Africa Whipping Cream Powder Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
- 8.3.1. Key Highlights
- 8.3.2. Bakery & Confectionery
- 8.3.3. Ice-cream & frozen desserts
- 8.3.4. Beverages
- 8.3.5. Others
- 8.3.6. Market Attractiveness Analysis
8.4. Middle East & Africa Whipping Cream Powder Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.2. GCC Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 8.4.1.3. GCC Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.4. South Africa Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.5. South Africa Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 8.4.1.6. South Africa Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.7. Egypt Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.8. Egypt Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 8.4.1.9. Egypt Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.10. Nigeria Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.11. Nigeria Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 8.4.1.12. Nigeria Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
  - 8.4.1.13. Rest of Middle East & Africa Whipping Cream Powder Market by Source, Value (US$ Bn), 2018 - 2030
  - 8.4.1.14. Rest of Middle East & Africa Whipping Cream Powder Market Type, Value (US$ Bn), 2018 - 2030
  - 8.4.1.15. Rest of Middle East & Africa Whipping Cream Powder Market by Application, Value (US$ Bn), 2018 - 2030
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs Type/Source Heatmap
9.2. Company Market Share Analysis, 2022
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Kraft Heinz
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Swiss Bake Ingredients Pvt. Ltd.
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Development
- 9.4.3. Wilton Brands LLC
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Development
- 9.4.4. Weikfield
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Development
- 9.4.5. DANA Dairy Group
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
- 9.4.6. AussieBlends
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Development
- 9.4.7. Dr. Oetker
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Development
- 9.4.8. Hoosier Hill Farm
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Business Strategies and Development
- 9.4.9. Well & Good
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Development
- 9.4.10. Adams Food Ingredients Ltd
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Development
- 9.4.11. Betty Crocker
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations