Dairy Cream Market Expected to Expand at a Steady CAGR through 2018-2028
Global Dairy Cream Market: An Overview
Dairy cream has varying standards across regions. In the U.S., dairy cream refers to a dairy product with a milk composition of at least 18%. While, in Europe, ‘cream’ refers to a product with minimal milk content. Dairy cream is widely consumed in households, with Europe being at the forefront of growth in demand. Dairy cream is consumed in several forms, which include heavy cream, double cream, clotted cream, and others. Dairy cream manufacturing is a highly regulated process, and is often marketed as pasteurized and ultra-pasteurized. Furthermore, flavored creams are more popular during Christmas, especially in western countries. Double cream is combined with alcohol and sugar to produce Brandy, Cinnamon, and Calvados creams. These are widely used for the preparation of delicacies such as Christmas pudding, Apple tart, and others. Thus, the market for flavored dairy cream is expected to witness growth in revenues during special occasions.
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Global Dairy Cream Market: Dynamics
Manufacturers in the dairy cream market have been engaged in marketing their new cream products as a complete solution to most of their cooking needs. The key focus seems to be on the nutrition aspect of the product. Most large-scale producers in the dairy cream market have been offering pasteurized milk and cream, especially from nonfat milk, to their consumers. This is in line with the growing consumer demand for dairy products rich in milk proteins and vitamins. Growth in the number of diet conscious-consumers has resulted in higher consumption of nonfat milk in households as it eliminates most of the saturated fats and cholesterols.
Some of the large-scale producers in the dairy cream market such as Nestle and Saputo have been offering a variety of dairy cream for their consumers, including sour cream. To cater to a wider consumer base, small and medium-scale dairy cream producers must consider the special dietary and religious requirement of consumers, and include halal and kosher certified dairy cream in their portfolio.
Global Dairy Cream Market: Regional Outlook
The North America dairy cream packaging market is expected to maintain leading position during the forecast period. This is attributed to a well-established industry in the U.S. and Canada. In Western Europe, Germany is expected to be the most attractive country for the regional dairy cream market, with a market volume share of more than 40%. In terms of market growth, countries such as the Netherlands and Belgium are projected to register CAGRs of more than 3%, over the forecast period. The Asia Pacific dairy cream market has been increasing during the last couple of years. However, growth is anticipated to be gradual. Dairy cream market in the Latin America region is expected to witness slow growth till 2020, after which, it is expected to pick up pace, once the region has fully recovered from the effects of the recession in 2015. The market for dairy cream prepared to cater special dietary and religious requirements is expected to witness positive growth in the Middle East.
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Global Dairy Cream Market: Key players
Some of the key producers operating in the Dairy Cream market include –
- Saputo Dairy Foods USA Inc.
- Nestle S.A.
- Dean Foods
- Land O’ Lakes Inc.
- Dairy Farmers of America Inc.
- Schreiber Foods
- Kraft Foods Group
- Agropur Cooperative
- Leprino Foods Co.
- Grup LaLa
- Kroger Co. The
- Parmalat SpA
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