Cream

The cream market, valued at an estimated USD 18.45 billion in 2024 and projected to reach USD 23.11 billion by 2028, churns out a variety of cream products catering to diverse applications. However, despite its richness, the market encounters a few challenges.

Challenges Whipping Up Trouble:

• Health Concerns and Lactose Intolerance: Rising health consciousness and lactose intolerance can steer consumers towards low-fat or plant-based alternatives.
• Raw Material Fluctuations: Milk prices, impacted by factors like weather and seasonality, can affect cream production costs.
• Short Shelf Life: Fresh cream, a significant market segment, requires efficient cold chain management to minimize spoilage.

Top Players Skimming the Cream:

• Fonterra Co-operative Group (New Zealand)
• Dairy Farmers of America Inc. (USA)
• Arla Foods (Denmark)
• Land O'Lakes, Inc. (USA)
• Gujarat Co-operative Milk Marketing Federation Ltd. (India)

A Sweetened Future:

The cream market is expected to witness a steady growth rate, with a Compound Annual Growth Rate (CAGR) of around 4%. This growth is attributed to:

• Increasing Applications: Cream's versatility in desserts, beverages, and savory dishes fuels market expansion.
• Convenience Food Trends: Rising demand for ready-to-eat and bakery products containing cream bolsters market growth.
• Premiumization: Consumers seeking indulgent experiences drive the demand for premium, high-fat creams.

Market by the Numbers:

• Fresh cream is anticipated to be the leading product segment due to its widespread use in desserts and sauces.
• The application of cream in the food service industry is a major contributor to market revenue.
• Europe is a dominant region in the cream market, though Asia Pacific is expected to witness significant growth due to its expanding middle class.