Global Fresh Cream Market Size To Exceed USD 17.82 Billion By 2033 | CAGR of 4.75 %
Category: Food & BeveragesGlobal Fresh Cream Market Size To Exceed USD 17.82 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Fresh Cream Market is Expected to Grow from USD 11.2 Billion in 2023 to USD 17.82 Billion by 2033, at a CAGR of 4.75% during the forecast period 2023-2033.
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Browse key industry insights spread across 256 pages with 121 Market data tables and figures & charts from the report on the "Global Fresh Cream Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Heavy Cream, Light Cream, Half and Half, Whipping Cream, and Others), By Application (Bakery and Confectionery, Dairy Products, Beverages, Culinary, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/fresh-cream-market
The fresh cream industry is that segment of the food and beverages industry that specializes in the production, distribution, and sale of fresh cream foods. Fresh cream is a type of dairy item extracted from milk's fatty portion, commonly used for cooking, baking, and dessert preparation. Fresh cream falls under different classes based on the content of its fat and where it is employed, including whipping cream, single cream, double cream, and flavored creams. Moreover, the ever-expanding growth of the bakery and confectionery industry is a significant factor, which pushes the growth of the fresh cream market. The blooming consumption of pastries, cakes, and desserts started raising the demand for fresh cream. Fresh cream plays a very vital role in bringing richness in texture and flavor that the consumer loves in these products. In addition, furthering the development of fresh cream-dependent innovations in the bakery and confectionery business is expected due to the way society has changed and continues to change its taste to consumer preferences. However, the shelf life of fresh cream is very short compared to that of processed dairy items and can be wasted if not utilized in time. This also works against availability in areas with less efficient cold chain logistics and storage facilities.
The heavy cream segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the fresh cream market is divided into heavy cream, light cream, half and half, whipping cream, and others. Among these, the heavy cream segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to its high fat content and multidimensional applicability in culinary and bakery products, well-known for its creamy mouthfeel that can be whipped into stiff foam and hence is almost an essential ingredient in desserts such as whipped cream, mousse, and ganache. The demand for heavy cream is also spurred by the rising trend in gourmet cooking and the rising number of high-end restaurants.
The bakery and confectionery segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the fresh cream market is divided into bakery and confectionery, dairy products, beverages, culinary, and others. Among these, the bakery and confectionery segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven due to its existence in preparation for the manufacture of everything right from cakes and pastries to fillings and toppings. Growth in the bakery and confectionery industry, arising from consumer preference for more exquisite and indulgent products, is thereby a considerable driver for the growth of fresh cream. Additionally, seasonal and festive items in the bakery sector further augment fresh cream demand in this segment.
The supermarkets & hypermarkets segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the distribution channel, the fresh cream market is divided into supermarkets & hypermarkets, convenience stores, online retail, and others. Among these, the supermarkets & hypermarkets segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is attributed to the extensive reach and wide variety of items these retail channels offer. These channels provide consumers with easy access to fresh cream assortments of different types and brands.
North America holds the majority share of the global fresh cream market during the forecast period.
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North America holds the majority share of the global fresh cream market during the forecast period. The fresh cream market in North America is greatly aided by the robust dairy industry and high degrees of consumption for bakery and confectionery products. The western preference for premium, high-quality dairy products, combined with a growing fad of home baking and gourmet cooking, is bound to maintain the demand for fresh cream. The U.S. and Canada are the principal markets in the region, with a great presence of leading dairy manufacturers and a high consciousness among the people regarding the nutritional benefits of dairy products.
Asia Pacific is estimated to grow at the fastest pace in the global fresh cream market during the forecast period. The increased demand in many markets, especially in China and India, is encouraged by urbanization, disposable income rise, and Western food culture. The growing middle class and increasing demand for premium and high-end dairy products will lead to an increased consumption of fresh cream.
Major vendors in the global fresh cream market are Nestlé S.A., Danone S.A., Arla Foods amba, Fonterra Co-operative Group Limited, Dairy Farmers of America Inc., Dean Foods Company, Saputo Inc., FrieslandCampina, Groupe Lactalis, The Kraft Heinz Company, Meiji Holdings Co., Ltd., Amul, Parmalat S.p.A., Royal FrieslandCampina N.V., Yili Group, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2024, Amul, India's well-known dairy cooperative, entered the U.S. market through a strategic collaboration with Costco Wholesale. Amul Gold fresh milk with 6% fat content was made available for sale in gallon size at all Costco stores in the U.S. Apart from fresh milk; by fulfilling the requirements of the Indian community and American consumers, Amul also plans to introduce other popular products such as curd, buttermilk, and fresh cream.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the fresh cream market based on the below-mentioned segments:
Global Fresh Cream Market, By Product Type
- Heavy Cream
- Light Cream
- Half and Half
- Whipping Cream
- Others
Global Fresh Cream Market, By Application
- Bakery and Confectionery
- Dairy Products
- Beverages
- Culinary
- Others
Global Fresh Cream Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Global Fresh Cream Market, By Regional
- 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
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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