Global Ultra-pasteurized Heavy Cream Market Size To Exceed USD 8.98 Billion By 2033 | CAGR of 6.46%
Category: Food & BeveragesGlobal Ultra-pasteurized Heavy Cream Market Size To Exceed USD 8.98 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Ultra-pasteurized Heavy Cream Market is Expected to Grow from USD 4.80 Billion in 2023 to USD 8.98 Billion by 2033, at a CAGR of 6.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 256 pages with 125 Market data tables and figures & charts from the report on the "Global Ultra-pasteurized Heavy Cream Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Liquid Ultra-pasteurized Heavy Cream, Whipped Ultra-pasteurized Heavy Cream, Powdered Ultra-pasteurized Heavy Cream), By Application (Dairy Products, Bakery & Confectionery, Foodservice & Hospitality), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail), By End User (Food & Beverage, Cosmetics & Personal Care, Pharmaceuticals), 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/ultra-pasteurized-heavy-cream-market
The ultra-pasteurized heavy cream market refers to the industry and dealing with heavy cream goods that have undergone ultra-pasteurization. Ultra-pasteurization is also better at keeping the flavor, texture, and nutritional value of cream for a longer time in comparison to simply pasteurized cream. Developing trends in the popularity of premium dairy and the increasingly competitive food service industry have contributed to the demand for ultra-pasteurized heavy cream across the globe. Moreover, the growing consumption of dairy-based products, such as whipped creams, sauces, desserts, and coffee additives, has increased the demand for heavy cream. This rising preference among consumers has been indulged by ultra-pasteurized heavy cream with a longer shelf life and convenience of use. However, ultra-pasteurized cream is pricier than plain pasteurized cream due to the very special heating method utilized. Hence, this becomes not very pocket-friendly for consumers who are very price-conscious andrestricts the use of the product in lower-income markets.
The liquid ultra-pasteurized 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 ultra-pasteurized heavy cream market is divided into liquid ultra-pasteurized heavy cream, whipped ultra-pasteurized heavy cream, and powdered ultra-pasteurized heavy cream. Among these, the liquid ultra-pasteurized heavy cream segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to liquid ultra-pasteurized heavy cream, which can be substituted for various applications, including sauces, soups, beverages like coffee and lattes, and desserts. Also, the liquid heavy cream is kept fresh for a longer period, which is of particular interest to consumers and food service providers alike, as they all need a dependable product with an extended shelf life.
The dairy products 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 ultra-pasteurized heavy cream market is divided into dairy products, bakery & confectionery, and food service & hospitality. Among these, the dairy products segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to products such as ice cream, yogurt, butter, cheese, and sauces that contain cream, made out of ultra-pasteurized heavy cream, have a long shelf life, and retain the richness and creaminess of flavor that is preferred for use in these products. These ultra-pasteurized dairy creams are primarily processed for use in the mass production of processed dairy that requires stable textures and long shelf life, such as cream cheese, sour cream, and flavored milk products.
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 ultra-pasteurized heavy cream market is divided into supermarkets & hypermarkets, convenience stores, and online retail. 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 driven by most supermarkets and hypermarkets stocking a wide variety of brands and packaging, allowing consumers to find ultra-pasteurized heavy cream easily. Promotions, discounts, and loyalty programs are rampant in supermarkets and hypermarkets, enticing customers seeking high-quality products such as ultra-pasteurized heavy cream at competitive prices.
The food & beverage segment accounted for the biggest share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period.
Based on the end user, the ultra-pasteurized heavy cream market is divided into food & beverage, cosmetics & personal care, and pharmaceuticals. Among these, the food & beverage segment accounted for the biggest share in 2023 and is anticipated to grow at a substantial CAGR during the forecast period. The growth is attributed to ultra-pasteurized heavy cream, a common ingredient used in various food and drink applications, including ice cream, sauces, soups, baked goods, and desserts. It is typically mixed in beverages such as coffee, lattes, and specialty drinks because of these applications; as such, it represents a space with strong demand.
North America holds the majority share of the global ultra-pasteurized heavy cream market during the forecast period.
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North America holds the majority share of the global ultra-pasteurized heavy cream market during the forecast period. In both the United States and Canada, consumer demand for high dairy products such as premium-quality ice creams, cream sauces, and coffee creamers shows a strong base. North America's largest dairy processors and brands have further enabled the widespread availability of ultra-pasteurized heavy cream in supermarkets and food service outlets. The continuing growth of North American restaurant, bakery, and café industries has boosted the demand for ultra-pasteurized heavy cream.
Asia Pacific is estimated to grow at the fastest pace in the global ultra-pasteurized heavy cream market during the forecast period. Urbanization and growing disposable incomes are allowing more consumers in the APAC region to include dairy-based products in their diets; thus, demand for ultra-pasteurized heavy cream and similar products is on the rise. The growth of ultra-pasteurized heavy cream would be expansive due to increasing interest among consumers for high-quality, long-shelf-life dairy products in the countries of India and China.
Major vendors in the global ultra-pasteurized heavy cream market are Fonterra, Agropur, Organic Valley, Dean Foods, Arla Foods, Bye Dairy, Rockview Farms, Emborg, Darigold, Upstate Niagara Cooperative, Oldenburger, Lactalis, and 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 April 2022, Saputo Inc. initiated a new promotional campaign for its ultra pasteurized heavy cream products to enhance brand consciousness among consumers. The campaign encompasses digital advertising, social media activities, and promotional activities in-store.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the ultra-pasteurized heavy cream market based on the below-mentioned segments:
Global Ultra-pasteurized Heavy Cream Market, By Product Type
- Liquid Ultra-pasteurized Heavy Cream
- Whipped Ultra-pasteurized Heavy Cream
- Powdered Ultra-pasteurized Heavy Cream
Global Ultra-pasteurized Heavy Cream Market, By Application
- Dairy Products
- Bakery & Confectionery
- Foodservice & Hospitality
Global Ultra-pasteurized Heavy Cream Market, By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retail
Global Ultra-pasteurized Heavy Cream Market, By End User
- Food & Beverage
- Cosmetics & Personal Care
- Pharmaceuticals
Global Ultra-pasteurized Heavy 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
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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