Dairy Cream Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Middle East and Africa|
*Disclaimer: Major Players sorted in no particular order
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Dairy Cream Market Analysis
The dairy cream market is forecast to register a CAGR of 4.11% during the forecast period (2022-2027).
The COVID-19 outbreak caused some disruptions in the dairy industry. Since hotels, restaurants, and bakeries were closed, there was a shift away from wholesale foodservice sectors. Some milk processors were reporting difficulty, including drivers, to transport milk from farms amid covid fears. Despite these setbacks, the demand for dairy products increased for a number of reasons, including rising interest in home baking, which resulted in increasing demand for dairy products such as milk, butter, and cream in retail sales. Another reason driving up demand for liquid milk is the growing number of people working from home, which has increased the demand for milk for teas and coffees.
The high production costs and health consciousness leading to low-fat consumption are found to be obstacles for the industry. Innovative product development with low trans-fat and organic cream products is expected to be further growth opportunities in this industry.
Increasing product launches with innovative ideas such as flavored, low-calorie, and low-fat creams are expected to accelerate the growth of the market. Additionally, wide applications of dairy cream, ranging from bakery to confectionery, increase the market size.
Dairy Cream Industry Segments
Cream is a dairy product prepared from milk. Creams have a certain level of saturated fat content. Creams can be used in a variety of recipes, including spicy, sweet, salty, and bitter ones. Cream is used in a variety of dishes, including sauces and ice creams. The dairy cream market is segmented into type, distribution channels, and geography. Based on type, the market is segmented into fresh cream, thickened cream, whipping cream, sour cream, and other types. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail channels, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts for the dairy cream market in value (USD million) for all the above segments.
|Thickened Cream / Heavy Cream|
|By Distribution Channel|
|Online Retail Stores|
|Other Distribution Channels|
Dairy Cream Market Trends
This section covers the major market trends shaping the Dairy Cream Market according to our research experts:
Increasing Demand for Low-fat Cream Products
Factors, such as increasing government-run health and wellness campaigns, designed to combat obesity and related problems (diabetes, high blood pressure, heart disease, and high cholesterol), are encouraging consumers to purchase healthier products such as low-fat dairy ream. Owing to the consumers’ preference for functional/organic products, the companies entering this market are expected to witness a high potential. Moreover, there is a rise in demand for fortified yogurt. For instance, Schulz organic dairy offers pure dairy cream, which is increasingly being appreciated by Australian Consumers. According to the United States Department of Agriculture, in 2020, the total consumption of low-fat ice creams in the United States amounted to 2.21 billion pounds as compared to 2.12 billion pounds in 2017.
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Gulf Cooperation Council Countries to Witness Steady Growth
The Kuwaiti dairy industry is witnessing an increasing prevalence of strategic partnerships and alliances between dairy companies to alleviate the shortage of dairy products in the country. Companies like Arla Foods are also investing in production facilities and implementing expansion strategies to expand their dairy production facilities. Arla Foods is also developing its sales and distribution in Lebanon, Qatar, and Kuwait to expand its dairy capacity in such countries. Such partnerships play a prominent role in dairy companies’ development, maintaining their quality of performance and competitiveness in the market. Thus, the increasing number of strategic initiatives, especially partnerships and alliances between companies to revolutionize the dairy market in Kuwait, is, in turn, boosting the market’s growth in the country.
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Dairy Cream Market Competitor Analysis
The dairy cream market is highly competitive because it comprises regional and international competitors. The leading players in the market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio so that they can cater to the requirements for various product segments, especially sour cream, fresh cream, and whipping cream. Companies compete on different factors, including product offerings, quality, price, functionality, size, packaging, and marketing activities, in order to gain a competitive advantage in the market. Key players in the market include Land O'Lakes Inc., Fonterra Co-operative Group, Dean Foods, Lactalis, and Nestle SA. Key players in this market are now focusing on social media platforms and online distribution channels for the online marketing and branding of their products to attract more customers. Manufacturers are focusing on innovations such as flavored cream, cream enhanced with omega-3 fatty acid, or whole functional cream that helps to maintain or reduce heart disease, cholesterol, and hypertension.
Dairy Cream Market Top Players
Land O’Lakes, Inc.
Fonterra Co-operative Group
*Disclaimer: Major Players sorted in no particular order
Dairy Cream Market Recent Developments
In November 2021, Land O' Lakes launched 12 SKUs, including shredded cheese, chunk cheese, and snack cheese, in Cub stores in Minnesota, which is a part of a longer and broader launch strategy. The product line features cheddar cheese produced at the Kiel plant in Wisconsin.
In April 2021, Dairy Day launched a new range of 500ml ice cream cakes in India. These are 100% vegetarian eggless ice creams and come in four flavors: Red Velvet, Choco Mocha, Choco Fantasy, and Honey Almond.
In January 2021, Fonterra Co-Operative Group launched Milk Phospholipids in the United States. These milk phospholipids are high in beneficial whey protein, which supports muscle build and recovery, and they are low in both lactose and sugar content.
Dairy Cream Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Fresh Cream
5.1.2 Thickened Cream / Heavy Cream
5.1.3 Whipping Cream
5.1.4 Sour Cream
5.1.5 Other Types
5.2 By Distribution Channel
5.2.1 Supermarkets/ Hypermarkets
5.2.2 Convenince Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East & Africa
188.8.131.52 South Africa
184.108.40.206 United Arab Emirates
220.127.116.11 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Share Analysis
6.2 Strategies Adopted by Players
6.3 Most Active Companies
6.4 Company Profiles
6.4.1 Land O’Lakes Inc.
6.4.2 Fonterra Co-operative Group
6.4.3 Dean Foods
6.4.5 Arla Foods
6.4.6 Nestlé SA
6.4.7 Graham's Family Dairy
6.4.8 Gujarat Co-operative Milk Marketing Federation Ltd (Amul)
6.4.9 Leprino Foods Co.
6.4.10 Schreiber Foods
6.4.11 Agropur Cooperative
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Dairy Cream Market Research FAQs
What is the study period of this market?
The Dairy Cream Market is studied from 2018 - 2028.
What is the growth rate of Dairy Cream Market?
The Dairy Cream Market is growing at a CAGR of 4.11% over the next 5 years.
Which region has highest growth rate in Dairy Cream Market?
Middle East and Africa is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Dairy Cream Market?
Europe holds highest share in 2021.
Who are the key players in Dairy Cream Market?
Land O’Lakes, Inc., Fonterra Co-operative Group, Dean Foods, Lactalis, Nestle SA are the major companies operating in Dairy Cream Market.
Dairy Cream Industry Report
In-depth industry statistics and market share insights of the Dairy Cream Market sector for 2020, 2021, and 2022. The Dairy Cream Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Dairy Cream Market report PDF.