Whipped Topping Concentrate Market by Source, Application, Physical Form & Region | Forecast 2023 to 2033
The primary driver fueling the growth of the Whipped Topping Concentrate market is the various end use applications it has. Explore more Growth Trends with FMI Team!
Whipped Topping Concentrate Market Outlook from 2023 to 2033
The global Whipped Topping Concentrate market is expected to reach a market valuation of US$ 4,338 million by 2033, recording a CAGR of 5.2% from 2023 to 2033.
To add air and a creamy flavor, whipping topping concentration is used as a whipping agent in many food systems. Common applications include ice cream manufacture, whipped toppings, various dessert creams, cake filling creams, and decorating creams. The concentrate for whipping topping comes in both powder and liquid forms. Although the liquid version of whipping topping concentrate continues to sell well, the powder form has experienced fast growth in the food industry in recent years. The foodservice and food processing industries use whipped topping concentrate in both organic and inorganic forms.
The demand for cutting-edge ingredients has been sustained due to the growing use of emulsifiers in the food industry. Sales of whipped topping concentrate have increased along with the rise in demand for dairy whipped topping concentrate. Over the projected period, there is expected to be an increase in demand for whipped topping concentrate due to the use of vegetable oil to create emulsifier agents.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Whipped Topping Concentrate.
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How Has the Market Progressed So Far in 2022?
Market Statistics
Details
Jan–Jun (H1), 2021 (A)
5.1%
Jul–Dec (H2), 2021 (A)
5.3%
Jan–Jun (H1),2022 Projected (P)
5.5%
Jan–Jun (H1),2022 Outlook (O)
5.9%
Jul–Dec (H2), 2022 Projected (P)
5.4%
Jul–Dec (H2), 2022 Outlook (O)
5.3%
Jan–Jun (H1), 2023 Projected (P)
5.1%
Historic v/s Future Outlook Comparison for Whipped Topping Concentrate?
In recent years, the market for whipped topping concentrate has expanded quickly because to the rise in bread product consumption. Cake, desserts, and other products that contain whipped topping concentration are more stable and have a longer shelf life. As consumer preferences in the food and beverage industries have altered, emulsifiers and whipping agents have been steadily growing in favor. Furthermore, some of the most important trends in the sector are being amplified by the increasing popularity and consumption of desserts, ice cream, and bakery goods. Food and beverage manufacturers are increasingly using non-dairy ingredients, and the market for whipped topping concentrate is likely to grow quickly.
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New Developments in the Whipped Topping Concentrate Market
Numerous variables could have an effect on the demand for whipped topping concentrate. An increase in interest in whipped topping concentrates created from non-dairy sources or with fewer artificial chemicals, for instance, may result from the growing demand for plant-based and natural components. A shift towards lower calorie and sugar-free whipped topping concentrates may result from the trend towards healthier eating habits and an emphasis on calorie and sugar reduction.
Comparative View of Associated Market
Bakery Ingredients Market:
Attributes
Bakery Ingredients Market
CAGR (2023 to 2033)
6%
Market Value (2023)
US$ 18,390.77 million
Growth Factor
The consumers are preferring dishes which are appealing, tasty, and textured which is increasing the growth in this sector.
Key Trend
Consumers are looking for more healthier alternatives in the market which is forcing the bakery ingredients industry to make health related improvements in the market.
Desert Variegates Market:
Attributes
Desert Variegates Market
CAGR (2023 to 2033)
6.2%
Market Value (2023)
US$ 110.3 million
Growth Factor
Dessert variegates are goods that are used to enhance the beauty and taste of desserts.
Key Trend
Variegates, often referred to as spins, sauces, swirls, or revels, make ice cream more enjoyable and colorful. An ice-cream variegate is used to add extra texture and flavor dimension to any flavor.
Decorations and Inclusions Market:
Attributes
Decorations and Inclusions Market
CAGR (2023 to 2033)
8.1%
Market Value (2023)
US$ 7.3 billion
Growth Factor
Meals can be made more enticing and appealing by using decorations and additions. They employ a wide variety of techniques to fulfill decorative reasons.
Key Trend
The need from the food service industry, the popularity of home bakeries, and DIY cakes are all expected to drive growth in the market for decorations and inclusions.
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Country-wise Insights
How the Sales of Whipped Topping Concentrate Market Shaping in United States of America?
In the United States, the market for whipped topping concentrate has grown significantly due to convenience. The demand for prepared and simple-to-use ingredients, such whipped topping concentrate, has expanded as a result of busy lives and the desire for food that can be consumed on the move. It gives food producers and foodservice operators a quick and easy solution to give their products a creamy and airy feel without having to make whipped cream from scratch.
Why is there a Rising Demand for Whipped Topping Concentrate in India?
Numerous causes are responsible for India's increased demand for whipped topping concentrate. The rising desire for Western-style desserts and baked goods in the nation is the primary cause of this need. The demand for goods like cakes, pastries, and other confectionary items that often call for whipped cream as a fundamental ingredient is rising as more and more Indians are exposed to Western food culture via social media and overseas travel. For producers of food and operators of foodservice establishments, whipped topping concentrate offers a practical and affordable substitute for whipped cream.
How Big is the German Market for Whipped Topping Concentrate?
With a long history of baking and confectionery, Germany is a mature and established market for food and beverage products. As a result, whipped topping concentrate, which is utilized in a variety of dessert and bakery products, is in great demand as a handy and adaptable component.
The expanding popularity of home baking and cooking, along with the rising demand for convenience foods, are what are driving the growth of the whipped topping concentrate industry in Germany. Whipped topping concentration is an appealing alternative for both commercial food producers and amateur cooks since it provides a quick and easy way to create a creamy and airy texture to sweets and baked products.
Category-wise Insights
How is the Bakery Products Industry Impacting the Market?
The most important market for whipped topping concentrate is the baking and confectionery sector. In addition to being used in a range of baked goods like cakes, pastries, and cookies, whipped topping concentration is also utilized in sweets like candies, fudge, and marshmallows. Because of factors like rising packaged and convenience food demand as well as rising interest in home baking and cooking, it is anticipated that the bakery and confectionery market would keep expanding.
What is the Contribution of the Foodservice Industry?
The foodservice industry covers a wide range of organizations that provide consumers with prepared meals or beverages, including restaurants, cafes, hotels, catering services, and other foodservice outlets. Whipped topping concentrate is a flexible component that can be used in a range of desserts, baked goods, coffee drinks, and cocktails.
Convenience is one of the key benefits of using whipped topping concentrate in the foodservice sector. It is simple to store and use whipped topping concentration in busy foodservice operations because it is a shelf-stable product that does not require refrigeration. By doing away with the necessity for hand whipping of cream or other components, it also enables foodservice operators to save time and labor expenses.
Competitive Landscape
Whipped Topping Concentrate market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
Scope of the Report
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
US$ million for Value and Metric Ton for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered
United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered
Source, Application, Physical Form, and Region
Key Companies Profiled
Peak Food LLC
RICH’s Products Corporation
BASF SE
SKM Egg Products
Lasenor
Palsgaard A/S
Fine Organics
Ashland
FBC Industries, Inc.
Gelita, Real Ltd.
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Whipped Topping Concentrate Market by Category
By Source:
Dairy
Non-Dairy
By Application:
Dessert
Bakery Products
Others
By Physical Form:
Solid
Liquid
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Frequently Asked Questions
What is the global Whipped Topping Concentrate Market reported by FMI for 2023?
The Whipped Topping Concentrate Market is valued at US$ 2,613 million for 2023.
What is the Whipped Topping Concentrate Market valuation expected for 2033?
The Whipped Topping Concentrate Market valuation is expected to be US$ 4,338 million in the year 2023.
What is the projected CAGR for the Whipped Topping Concentrate Market from 2023 to 2033?
The value of CAGR for the Whipped Topping Concentrate Market is estimated to be 5.2%.
Which segment type will garner significant value share by 2023?
The bakery products segment would garner significant market value share by 2023.
