Global Imitation Whipped Cream Market to Surpass US$ 1,502.9 Mn by 2030
The global imitation whipped cream market is projected to reach US$ 1,502.9 Mn by the end of 2030. The market was valued at US$ 958.7 Mn in 2020. If these figures hold true, the market will exhibit a CAGR of 4.6% between 2020 and 2030. Growing preference for products with natural ingredients and the increasing application of imitation whipped cream in food premixes, soups and sauces, beverage mixes, coffee mixes, tea mixes, bakery products and ice cream, RTD beverages, and others are driving imitation whipped cream market to growth.
Imitation Whipped Cream Market - Key Research Findings
- The growth of imitation whipped cream market is majorly driven by millennial generation, owning to their changing preference in and changing eating habits.
- North America dominates share the imitation whipped cream market and expected to maintain its dominance share during the coming years as well over the other regions.
- Asia Pacific is projected to be the fastest growing market driven by rising usage of imitation whipped cream in the food service industry.
- At present, conventional imitation whipped cream accounts for more than one-third of the market share and expected to maintain its dominance during the coming few years.
- Imitation Whipped cream are expected to find immense application in food and beverage industry over the HoReCa and Household sectors.
Key Factors Shaping Imitation Whipped Cream Market
Higher Shelf Stability of the Imitation Whipped Cream Comparison with Regular Creamers
Imitation whipped cream is produced using either the vegetable oils or the plant-based milk and are then spray-dried to achieve change them into a powder form. Imitation whipped cream in the powdered form have the highest economic contribution due to its higher shelf life, which has an impact on the choice of consumers as well as the retailers that sell the product. Imitation whipped cream is easily storable and do not require any additional efforts. The storage of imitation whipped cream in supermarkets is also easier and cost-effective as these non-dairy creamers have an extended life. Thus, the value of the imitation whipped cream is higher in the global market.
Increasing Application of Imitation Whipped Cream in Snack Products
According to the International Food Information Council Foundation, 57% of people snack at least once a day to treat themselves, satisfy their hunger, or to gain energy. The number of individuals who consume snacks every day is increasing, and thus, the demand for snack products is increasing rapidly. Customers prefer innovative and unique snack products and cream is widely used for the preparation of various snack products such as chips, pizzas, nachos and burgers to add different flavors and improve the taste. The increasing sales of snack products help boost the growth of the imitation whipped cream market for the food service industry.
APEJ Shows Higher Growth than Other Regions
Asia Pacific (APEJ) represents the most lucrative imitation whipped cream market. Rising population of young people and their changing eating habits particularly in developing countries such as India and China are critical in influencing growth in the regional market. FMI reveals that consumers in emerging countries are showing greater interest towards trendy food and beverages. As such, market players are focusing more on APEJ and channelizing their resources over there.
However, the coronavirus (COVID-19) pandemic has created disruptions in global food supply chains. The impact of the pandemic across the food system, especially in China – has resulted in loss of demand for the market. The food and beverage industry as well is facing challenges owing to curbs imposed on transport. Social distancing and stay at home orders have further shuttered restaurants and food chains, which is negatively impacting the market.
Imitation Whipped Cream Market: Structure Analysis
- Some of the major players operating in imitation whipped cream market includes Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Grupo Chantilly SA de CV, Ilsa Frigo, Kerry, Dos Anclas, Eurocas Group of Companies, Hydrosol GmbH & Co. KG, PURATOS, Arla Foods and others
- Manufacturers in this market are focusing on developing research and development to find the more new source to derived imitation whipped cream. Such as cashews, oats and hemp imitation whipped cream are few new addition in the product category.
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Report Metric |
Details |
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Base year considered |
2020 |
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Historical Period |
2015 - 2019 |
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Forecast period |
2020 - 2030 |
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Market Value in 2020 |
US$ 958.7 Mn |
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Segments covered |
Nature, Form, Product Type, End-Use, Sales Channel and Region |
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Regions covered |
North America, Latin America, Europe, Asia Pacific, Japan, Oceania and MEA |
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Key Players |
Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Grupo Chantilly SA de CV, Ilsa Frigo, Kerry, Dos Anclas, Eurocas Group of Companies, Hydrosol GmbH & Co. KG, PURATOS, Arla Foods and others. |
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Growth Drivers |
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Manufacturers to Capitalize on High Adoption of Organic Products
The trend of consumers buying organic products has been increasing over time. The consumption of organic food products is anticipated to be a major contributor to the revenue growth. Organic food products are made from organically grown ingredients and are processed naturally without inclusion of any chemicals. Such products are considered healthy for consumption. The demand for food containing organic ingredients is increasing. Currently, the production of organic cream is not up to the mark as manufacturing and obtaining certifications are time consuming and expensive processes. Thus, there is a demand-supply gap. However, the supply is likely to increase in the foreseeable future. Rising demand for healthier imitation whipped cream recipes will aid the expansion of the market.
Asia Pacific Market is anticipated to Witness Significant Growth
Asia Pacific is the fastest-growing market for imitation whipped cream. It is projected to record the highest CAGR during the forecast period. Asia Pacific is also one of the leading consumers of imitation whipped cream and imitation whipped cream frosting. The rise in the millennial population, rising popularity of plant-based ingredients, increasing consumption of healthy food, and expanding HoReCa and food service sectors are major factors driving the market in Asia Pacific. In Asia Pacific, India is projected to contribute the highest revenue in the near future due to relatively high consumption and high daily intake of imitation whipped cream among Indian consumers. Oceania, however, is expected to see rapid growth over the forecast period due to increased market awareness of imitation whipped cream products and increased consumer preferences for nutritionally rich food products in countries such as Australia and New Zealand.
Lactose Intolerance among Consumers May Give Headwinds to Growth
The consumer base for non-dairy products is increasing around the world. Consumers who choose dairy alternatives either \prefer dairy alternatives more than the dairy products or have lactose intolerance. They often use imitation whipped cream frosting and products from various whipping cream brands in their beverages and other food products. Considering this, in the future the imitation whipped cream market is likely to entertain an increasing number of consumers.
- Approximately more than 3/4 of human does not have ability to digest food containing lactose after infancy. This has led to many manufacturers produce dairy alternatives such as plant-based products with the same taste and appearance.
Conventional imitation whipped cream segment holds dominance share
Organic imitation whipped cream segment to rise at a higher CAGR
Powder segment holds dominance share
Liquid segment to rise at a higher CAGR
Soy creamers segment holds dominance share
Vegetable Cooking Cream segment to rise at a higher CAGR
Food and Beverage Industry segment holds dominance share
Household/ retail segment to rise at a higher CAGR
How Growth will Unfold
Increasing investment in innovation and product development in the food and beverage industry, especially in developing countries, is driving the imitation whipped cream market. Over the past few years the popularity of ready to drink beverages, coffee, and bakery food consumption has significantly risen. The increasing incidence of lactose intolerance has been bolstering the demand for imitation whipped cream containing plant-based ingredients. The fluctuation in the pricing of milk is also compelling manufactures to shift towards plant-based sources. These factors are driving the dairy based whipped cream adoption. The growing use of imitation whipped cream in the food and beverage industry also helps in market expansion. In addition to this, growing demand for convenience food items and rapidly changing lifestyles, are likely to increase the growth rate of the plant-based Ingredients in the food industry.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Imitation Whipped Cream Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the imitation whipped cream market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Imitation Whipped Cream Market Taxonomy
The global imitation whipped cream market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Nature
- Organic
- Conventional
Form
- Powder
- Liquid
Product Type
- Soy Creamer
- Almond Creamer
- Oat Creamer
- Hemp Creamer
- Coconut Creamer
- Rice Creamer
- Cashew Creamer
- Coffee Creamer
- Vegetable Cooking Cream
- Other Product Types
End-Use
- HoReCa/Food Service
- Food & Beverage Processing
- Food Premixes
- Soups and Sauces
- Beverage Mixes
- Coffee Mixes
- Tea Mixes
- Bakery Products and Ice Cream
- RTD Beverages
- Others
- Infant Food
- Prepared and Packaged Food
- Household/Retail
Sales Channel
- Direct Sales
- Indirect Sales
- Modern Trade
- Convenience Store
- Departmental Store
- Online Retailers
- Specialty Store
- Other Sales Channel
Region
- North America
- Latin America
- Europe
- APEJ
- Japan
- MEA
- Oceania
What's Included
The executive summary of the imitation whipped cream market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global imitation whipped cream market.
Readers can find the detailed segmentation and definition of the imitation whipped cream market in this chapter, which will help them understand basic information about the imitation whipped cream market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Imitation whipped cream market report.
The associated industry assessment of the imitation whipped cream market is carried out in this section. The macroeconomic factors affecting growth of the imitation whipped cream market are provided in this section and the impact of these macroeconomic indicators on the imitation whipped cream market is analyzed. The processing overview and technological advancements in the Imitation whipped cream market is also provided.
Profit margins at each level of the imitation whipped cream market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
The drivers and restraints impacting the growth of the imitation whipped cream market are explained in this chapter. Opportunities and ongoing trends in the Imitation whipped cream market are also comprehensively discussed.
This chapter includes detailed analysis of the historical imitation whipped cream market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019-2020) and incremental opportunity for the forecast period (2020-2030). This chapter provides details about the imitation whipped cream market on the basis of nature, form, and end-use application. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the Imitation whipped cream market is anticipated to grow across North America, Latin America, Europe, APEJ, Middle East and Africa and Oceania.
This chapter includes a detailed analysis of the growth of the Imitation whipped cream market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on application and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the imitation whipped cream market in the Latin America region. This chapter also includes growth prospects of the Imitation whipped cream market in leading LATAM countries such as Brazil, Mexico, Argentina, Chile, Peru and Rest of Latin America.
Important growth prospects of the Imitation whipped cream market based on its end user in several countries such as EU5, Russia, Poland, BENELUX, Nordic and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the Imitation whipped cream market in the APEJ region, along with a country-wise assessment that includes, China, India, South Korea and Rest of APEJ . Readers can also find regional trends, regulations, and market growth of countries in the APEJ region.
This chapter offers insights into how the Imitation whipped cream market is expected to grow Japan, along with different segments of the market during the forecast period of 2020-2030.
This chapter offers insights into how the Imitation whipped cream market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa, and the Rest of MEA, during the forecast period 2020-2030.
This chapter offers insights into how the imitation whipped cream market is expected to grow in major countries in the Oceania region such as Australia and New Zealand, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the imitation whipped cream market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Imitation whipped cream market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are The Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Grupo Chantilly SA de CV, Ilsa Frigo, Kerry, Dos Anclas, Eurocas Group of Companies, Hydrosol GmbH & Co. KG, PURATOS, Arla Foods and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the imitation whipped cream report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the imitation whipped cream market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Distributors
- Traders
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
Secondary Research
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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