Global Dairy Cream Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Thickened Cream & Whipping Cream, Sour Cream, Fresh Cream), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Others), By End User (Food processing, Foodservice, Food Retail), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Dairy Cream Market Insights Forecasts to 2033

• The Global Dairy Cream Market Size was estimated at USD 14.89 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 3.35% from 2023 to 2033
• The Worldwide Dairy Cream Market Size is Expected to Reach USD 20.71 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Dairy Cream Market Size was valued at USD 14.89 Billion in 2023 and is slated to cross USD 20.71 Billion by 2033, growing at a CAGR of 3.35% from 2023 to 2033. The dairy cream market is being driven by the increase in demand for premium dairy products, a large rise in consumption in bakery and confectionery, the growing preference for natural ingredients, and Asia-Pacific as an emerging key growth region.

Market Overview

The dairy cream industry is considered a business about manufacturing, distributing, and selling dairy-based cream, as extracted from milk or some other dairy production source. Dairy cream is a part of the high-fat components that are extracted in the milk processing and used to prepare all manner of cooking and baking dishes as well as desserts and drinks like coffee. The increased consumer preferences toward dairy-based goods such as ice creams, cakes, and bakes lead significantly to the demand for dairy cream. The other prominent factor contributing significantly to the increased use of whipped creams, heavy cream, or even sour cream in various recipes makes up an effective driver. Moreover, urban consumers are looking for quicker and healthier meals, and for that, dairy is the best choice since it's full of nutritional content and can be used in many recipes. Thus, the future of the global dairy market is being propelled by this trend of urbanization. Innovations in the production of dairy cream, such as enhanced freshness preservation methods, texture improvement, and shelf-life extension, are supporting growth in the market. For instance, new technologies in packaging enable longer shelf lives for dairy cream products, increasing convenience for both retailers and consumers.

Report Coverage

This research report categorizes the dairy cream market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the dairy cream market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the dairy cream market.

Driving Factors

Dairy cream is used widely in the food industry, especially in confectionery and bakery goods. Rising desserts, pastries, and premium ice cream consumption boost demand for various dairy creams. Expansion of the food service sector consisting of restaurants, cafes, and catering services fuels demand for bulk dairy cream. Bulk preparation of sauces, soups, and beverages creates a big market for bulk dairy cream. As people's tastes change and their demand for dairy creams increases, new products are now being developed to meet these varied needs, which include flavored creams, organic creams, and lactose-free creams.

Restraining Factors

People are allergic to specific proteins in milk, which also includes dairy cream. This limits the market for dairy-based products and pushes consumers to explore non-dairy alternatives. Consumer practices of lower fat, no cholesterol, and low-fat hearts contribute to smaller consumer demand through omission or abstinence from buying such dairy creams.

Market Segmentation

The dairy cream market share is classified into product type, distribution channel, and end user.

• The thickened cream & whipping 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 dairy cream market is divided into thickened cream & whipping cream, sour cream, and fresh cream. Among these, the thickened cream & whipping 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 whipping cream and thickeners being used in various culinary applications, including desserts, beverages, and savory dishes. People use these creams to prepare the most extravagant premium products, such as ice cream, creamy dressings, and luxury desserts. Consumers increasingly demand richer, more indulgent experiences. Consequently, demand for such creams will grow.

• The supermarkets/hypermarkets segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the dairy cream market is divided into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. Among these, the supermarkets/hypermarkets segment dominated the market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven due to it mainly providing a broad range of cream products, available in different types (whipping cream, sour cream, fresh cream, etc.), which can be easily consumed out of store. Supermarkets and hypermarkets mostly have offers, discounts, and promotions that could lead to higher sales.

• The food processing segment accounted for the largest share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

Based on the end user, the dairy cream market is divided into food processing, foodservice, and food retail. Among these, the food processing segment accounted for the largest share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The segmental growth is due to dairy cream being an essential component of many food products, such as ice cream, pastries, and sauces, and demand for dairy cream is increasing due to the consumer's preference for rich and flavorful products. This has led to an increase in the food processing segment.

Regional Segment Analysis of the Dairy Cream Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the dairy cream market over the predicted timeframe.

Europe is anticipated to hold the largest share of the dairy cream market over the predicted timeframe. Europe, especially France, Germany, and the Netherlands, has the most developed dairy industry in the world. The demand for high-quality and organic dairy products, as well as those sustainably produced and supplied, is increasing within the European market for dairy cream. Food sourcing awareness has become widespread, and sales of organic and premium dairy cream products have been on the rise as a result.

Asia Pacific is expected to grow at a rapid CAGR in the dairy cream market during the forecast period. Rising disposable incomes and lifestyle changes in India, China, and Southeast Asia have led to an increasing move towards Western diets that include higher usage of dairy products, especially cream. Western desserts, coffee, and cream-based foods are highly gaining popularity in APAC, particularly in China, India, and Japan, where global trends are being accepted.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the dairy cream market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Glanbia Plc.
• Groupe Lactalis
• Savencia Fromage & Dairy
• Fonterra Co-operative Group
• GCMMF (Amul) India
• FrieslandCampina
• DMK Group
• Arla Foods
• SODIAAL
• Saputo
• Unternehmensgruppe Theo Müller
• Schreiber Foods Inc.
• Meiji Holdings Company, Ltd.
• Baltic dairy board
• Others

Key Target Audience

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

Recent Development

• In January 2023, Woodlands Dairy launched its latest Ultra Heat Treatment (UHT) whipping cream. Its company claims that its product can be used in almost all types of desserts, cakes, milkshakes, pies, waffles, warm drinks, and even more. Woodlands Dairy initiated the product release to respond to the rising local and international demands for whipping cream.

Market Segment

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

Global Dairy Cream Market, By Product Type

• Thickened Cream & Whipping Cream
• Sour Cream
• Fresh Cream

Global Dairy Cream Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail Stores
• Others

Global Dairy Cream Market, By End User

• Food processing
• Foodservice
• Food Retail

Global Dairy 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