Whipping Cream Market Size, Share, Growth, Price Trends and Industry Analysis Reportby Susan Hill Business Consultant
The 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
- 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
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Created on Dec 9th 2019 06:55. Viewed 163 times.