Whipping Cream Market Size, Share, Growth, Price Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global whipping cream market size is expected to reach
USD 10.35 billion by 2025 registering a CAGR of 8.1%, according to a new report
by Grand View Research, Inc. Rising consumption of foods, such as pies, ice
creams, cupcakes and cakes, puddings, scones, milkshakes, hot chocolate, espresso
drinks, and coffee drinks, is expected to remain a favorable factor for the
market growth.
Furthermore,
rising awareness about the health benefits of whipping creams, such as improved
bone health and immune system, due to the presence of vitamins A, D, E, K, and
choline. Companies are investing more in product development to increase their
market share. For instance, in August 2018, Kraft Heinz partnered with
Hershey’s and launched Milk Chocolate Dairy Whipped Topping and Peanut Butter
Cup Dairy Whipped Toppings.
In Feb 2019,
Amazon launched new private label Happy Belly brand in its dairy and beverage
product line. Under this brand umbrella, the company will sell numerous product
variants including half and half, heavy whipping cream and dairy whipped
topping. In March 2019, DuPont Nutrition & Heath launched Grindsted WP 300
Flexwhip, a sugar-free non-dairy whipping cream. In May 2019, Gay Lea, a
Canadian milk and dairy products company, launched a new non-dairy vegan real
coconut whipped cream.
Further key
findings from the study suggest:
- The dairy
product segment accounted for the largest market share of more than 60% in
2018 and will continue to expand further at a steady CAGR from 2019 to
2025
- The B2B
application segment is expected to register the fastest CAGR of 8.2% from
2019 to 2025
- Europe is
expected to be the largest regional whipping cream market accounting for a
market share of more than 35% by 2025
- Online
distribution channel is expected to be the fastest-growing segment at a
CAGR of 8.5% from 2019 to 2025
Access
full research report on global whipping cream market:
www.grandviewresearch.com/industry-analysis/whipping-cream-market
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Created on Dec 9th 2019 06:55. Viewed 395 times.