Whipping Cream Market Forecasts to 2030 - Global Analysis By Product, Flavour, Packaging, Distribution Channel, Application, End User and By Geography

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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances