Cream Replacer Market Significant Profits Estimated to be Generated by 2018 - 2026

Market Outlook

The cream is one of the key ingredients in baked goods, ice-creams and other cream based dishes. The high-fat content of cream is what makes it suitable for easy whipping and application in confectionery foods. But in the current scenario, cream consumption is considered unhealthy and harmful by a health-conscious segment of consumers who want to cut down on their calories and saturated fat consumption. This has led to the introduction of cream replacer in the market which is healthier and offers better nutritional benefits compared to conventional dairy cream. Cream replacer product portfolio is wide as the base ingredient used for cream replacer production can vary. Cream replacer is dairy-free cream products that are based on plant-based milk such as coconut milk, soy milk, and others. This explains the demand for cream replacer based food products among consumers who are either lactose intolerants or simply those who are trying to follow strict dairy-free or vegan diets.

Increasing Demand For Cream Replacer In Healthy And Vegan Food Suppliers

Cream replacer market can outperform the dairy cream market by providing nutrition without unwanted calories and saturated fats. The number of confectionery food service providers is increasing. They are trying to deliver the demands of health-conscious consumers which mostly includes millennial, without hampering the taste of their end products. Hence they are preferring nutritional substitutes as ingredients, replacing dairy cream with healthier cream replacer for instance. This is driving the demand for cream replacer in turn. Further, this demand is aided by the rising popularity of plant-based alternatives. The continuous launch of new plant-based food products is driving the demand for plant-based ingredients. However, cream replacer has used a replacement to cream. Hence it cannot provide the exact desired flavour and texture to the dish. This can be overcome by using the right kind of cream replacement that suits well to the flavour and consistency of the end product.

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Cream Replacer Market: Segmentation:

On the basis of end-use industries -

Food and Beverage
Bakery
Confectionery
Desserts
Others

On the basis of the nature of production-

Conventional
Organic

On the basis of base ingredient-

Coconut milk based
Almond milk based
Cashew milk based
Other non-dairy milk based

Cream Replacer Market: Key Participants

The participants of cream replacer market are majorly involved in plant-based product manufacturing. Some of the key participants identified are McCormick & Company, Inc., Celebes Coconut Corporation, SunOpta, Danone Groupe SA, Oatly AB, EcoMil, Daiya Foods, and others.

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