The Non Dairy Whipping Agents Market To Witness Explicit Growth At A CAGR Of 4.4% Between 2018-2026

With evolving consumer preferences, the F&B industry is constantly witnessing a wave of dairy-free and vegan products over the recent past. In addition, the rampant expansion of bakery and ice cream sectors continues to underscore a few highly impactful industry trends, of which non-dairy whipping agents constitute an important one.

Receiving a prominent push from the dramatically growing vegan dietary trend, the cumulatively increasing bakery consumption also continues to boost the revenue growth of the non-dairy whipping agents market.

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In 2019, the global revenue of non-dairy whipping agents market is likely to surpass US$ 375 million, as indicated by a new study on the global non-dairy whipping agents market published by Persistence Market Research.

As the report suggests, food processing remains the largest end use segment, accounting for a roughly 55% revenue share in the non-dairy whipping agents market. The study also offers exclusive insights on the form of non-dairy whipping agents. Owing to the cost benefit during transit, cold storage, shipping, and maintenance, liquid whipping agents continue to generate the most of market revenue, over powdered non-dairy whipping agents.

The report states that bakery and desserts collectively account for more than 70% share of the total value of non-dairy whipping agents market – the share of bakery is however relatively higher.

While baking is most likely to remain the most sought after application of non-dairy whipping agents owing to a consistent upsurge in the demand for stabilizers and whipped toppings, the report points to prominently growing adoption of whipping agents for taste enhancement.

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A growing number of manufacturers are striving for innovation of non-dairy whipping agents to cater to evolving demands of the trending vegan lifestyle. Ice creams, desserts, and baked products are most likely to demonstrate notable innovation and consumption. Aerated food products segment is highlighted as a rapidly emerging segment.

Europe secures the top ranking position globally, followed by North America. The former currently holds around 1/3rd share in the total value of non-dairy whipping agents market owing to a few prominent factors, including –

Largest bakery market across the globe
Highest aerated food products consumption
Presence of the premium class consumer
High consumer awareness about healthful food ingredients

Despite the two developed regional markets are likely to remain the dominant over others in the global marketplace, the report indicates that Asia Pacific reflects a relatively higher growth potential. This growth is attributed to the widening expanse and diversification of bakery sector across Asian economies and rapid industrialization of the F&B industry in the region.

Research also positions Latin America’s market for non-dairy whipping agents as an attractive regional territory for investors, as the region is steadily witnessing a growing consumer preference for healthful products that are available in a wide range of flavors.

Indigenous to West Africa, oil palms are cultivated across the globe, including the entire African continent, North America, Asia Pacific, and Latin America regions. Indonesia is currently the top producer and exporter of palm oil, followed by Malaysia.

As palm oil constitutes one of the key ingredients used in the making of non-dairy whipping agents, the flourishing palm oil market scenario is directly stimulating the growth of non-dairy whipping agents.

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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.