Global Whipping Cream Market Size to Worth USD 17.94 Billion by 2033: Market Statistics Report

Global Whipping Cream Market Size to Worth USD 17.94 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global Whipping Cream Market Size is Estimated to Grow from USD 8.40 Billion in 2023 to USD 17.94 Billion by 2033, Growing at a CAGR of 7.88% during the forecast period 2023-2033.

Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Whipping Cream Market Size, Share, and COVID-19 Impact Analysis, By Product (Non-dairy and Dairy), By Application (B2B and B2C), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

The market for whipping cream is for a high-fat dairy product that is used to give meals taste and texture. The demand for whipping cream has increased significantly due to the growing worldwide population and the increased consumption of food and beverages such as ice cream, cupcakes, pies, cakes, waffles, and hot chocolate milkshakes. Additionally, this product's shelf life has been increased while maintaining its flavor and texture thanks to technologies such as ultra-high temperature processing. This technique enhances user convenience by enabling producers to provide goods that don't need to be refrigerated until they are opened. The baking sector's ongoing growth offers the whipping cream industry yet another significant growth path. In a variety of baking recipes, such as cakes, scones, muffins, and cookies, whipping cream is used to provide moisture, richness, and a soft crumb. Cakes and other baked items have a lighter, fluffier feel because of the finer crumb that whipping cream's fat content helps create. To get a softer and more delicate texture, whipping cream can also be added to different doughs and batters, such as those for waffles, pancakes, or biscuits. Recent developments in emulsification technology have contributed to increased whipped cream stability, which reduces the possibility of separation and enhances its performance in baking and cooking applications. However, the market for whipping cream is severely hampered by shelf-life concerns, especially for fresh types, which normally have a short shelf life of two to three weeks.

The dairy segment held the largest share of 62.13% in 2023 and is expected to grow at a CAGR of 6.5% throughout the projection period.                            

Based on the product, the global whipping cream market is categorized into non-dairy and dairy. Among these, the dairy segment held the largest share of 62.13% in 2023 and is expected to grow at a CAGR of 6.5% throughout the projection period. Retail consumers, commercial bakers, and chefs have always favored dairy whipping cream due to its accessibility and affordability when compared to vegan substitutes. A broader range of diet-conscious consumers can also be served by the availability of dairy-based products with varying fat percentages. This kind of whipping cream, especially in baked products and sweets, is typically linked to luxury and superior quality. It is anticipated that the market for dairy-based whipped cream will increase over the coming decades as customers seek out luxuriant and richer food product options.      

The B2B segment dominated the global whipping cream market in 2023 and is predicted to grow at a CAGR of 5.19% throughout the projection period.

Based on the application, the global whipping cream market is classified into B2B and B2C. Among these, the B2B segment dominated the global whipping cream market in 2023 and is predicted to grow at a CAGR of 5.19% throughout the projection period. The food service, bakery, dairy, and confectionery industries, which rely largely on whipping cream in the manufacturing of food and beverages, continue to have a significant need for this commodity. Whipping cream is used in restaurants, cafes, and lodging facilities for a variety of purposes, including as a topping for coffee drinks, desserts, and creamy sauces. Additionally, there is a consistent demand since large catering companies that provide food for occasions such as weddings, parties, and business gatherings frequently use whipping cream for sweets and creamy foods.       

The offline segment accounted for the largest share of 60% in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the global whipping cream market is divided into offline and online. Among these, the offline segment accounted for the largest share of 60% in 2023 and is expected to grow at a significant CAGR during the forecast period. Convenience stores and supermarkets guarantee consistent product sales because consumers typically prefer purchasing whipping cream in its freshest form, free of preservatives. During busy times such as holidays, retailers frequently launch seasonal packaging or promotions to boost sales. When whipped cream is advertised with other holiday-specific products such as pies, cakes, or baking tools, consumers are more inclined to purchase it.

North America is expected to hold the largest share of the global whipping cream market through the forecast period.

North America is expected to hold the largest share of the global whipping cream market through the forecast period. The industry has expanded owing to the growing usage of this product in baking and culinary preparations as well as the steady high demand for desserts and sweet foods. Furthermore, the availability of organic and plant-based solutions has made it easier for businesses to serve more consumers in regional economies such as the U.S. and Canada, where the number of vegans is gradually increasing.

Asia Pacific is predicted to grow at the fastest CAGR of the global whipping cream market over the forecast period. The market for whipped cream products is competitive because of the continuously changing dietary tastes and the continually growing populations in regional economies such as China, Japan, and India. The demand for low-fat and sugar-free whipping creams has increased as a result of the rise of a health-conscious consumer base. In response to the growing demand from consumers for healthier alternatives to traditionally decadent items, companies are launching reduced-fat or sugar-free whipped cream types. Promising growth opportunities for the regional market have been created by such activities.

Company Profiling

Major key players in the global whipping cream market include Gay Lea Foods Co-operative Ltd., Rich Products & Solutions Pvt Ltd, GCMMF, Conagra Brands, Hanan Products Co., Inc., Borden Dairy, Gruenewald Manufacturing Company, Inc., LACTALIS, Granarolo S.p.A, Cabot Creamery, and others.

Recent Developments

• In July 2023, the gourmet-style Président Whipped Crème range of whipped crème for outdoor events such as parties and get-togethers was introduced by Lactalis American Group.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the whipping cream market based on the below-mentioned segments:

Global Whipping Cream Market, By Product

• Non-dairy
• Dairy

Global Whipping Cream Market, By Application

• B2B
• B2C

Global Whipping Cream Market, By Distribution Channel

• Offline
• Online

Global Whipping Cream Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa