Whipping Cream Market Is Anticipated To Reach US$ 14.6 Billion By 2033, Fact.MR

Whipping cream is a beloved ingredient in a variety of desserts, such as profiteroles and layer cakes, and is frequently used for decorative purposes in themed desserts and signature cakes. According to Fact.MR, a market research and competitive intelligence provider, the global whipping cream market is projected to reach a value of US$ 14.6 billion by 2033, with a compound annual growth rate (CAGR) of 6% from 2023 to 2033.

One of the primary drivers of whipping cream sales is the robust growth of the global food and beverage industry. The increasing popularity of desserts like ice creams, cupcakes, hot chocolate, sundaes, puddings, and milkshakes is significantly boosting demand for whipping cream. Additionally, the emergence of premium confectionery boutiques and bakeries, which offer elaborate and customized pastries and cakes, is expected to further enhance product demand.

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The global growth of the food and beverages industry is significantly contributing to the positive outlook for the whipping cream market. The rising consumption of whipping cream in products such as puddings, milkshakes, hot chocolate, sundaes, ice creams, and cupcakes, especially among millennials, is creating lucrative opportunities for market players.

The increasing number of premium confectionery and bakery stores offering personalized pastries and cakes is also driving the demand for whipping cream. Additionally, whipped cream is extensively used as a decorative element in various gourmet dishes, signature confectioneries, and themed desserts.

Innovations in product lines, including the introduction of vegan, organic, and sugar-free whipping creams in flavors such as mango, cinnamon, and rose, are positively influencing whipping cream sales. Furthermore, consumers' rising purchasing power and the convenience of obtaining products through online channels are expected to boost the demand for whipping cream.

Key Takeaways from Market Study
• The global whipping cream market is estimated to advance at a CAGR of 6% from 2023 to 2033.
• The market is forecasted to reach a value of US$ 14.6 billion by 2033.
• Sales of whipping cream are estimated to be valued at US$ 8.1 billion in 2023.
• The Canadian is projected to expand at a CAGR of 5.9% through 2033.
• Sales of whipping cream in Germany are anticipated to increase at a CAGR of 3.2% from 2023 to 2033.
"Rising consumption of pies, ice creams, cupcakes, hot chocolate milkshakes, sundaes, waffles, puddings, and cheesecake is estimated to propel the sales of whipping cream for decorative purposes," says a Fact.MR analyst.

Key Market Players
• Conagra Brands
• Fonterra Co-operative Group Ltd.
• Nestle SA
• The Kraft Heinz Company
• Westland Co-operative Dairy Co., Ltd.
• Arla Foods AMBA
• The Tatua Co-operative Dairy Company Limited
• Land O'Lakes

Product innovations, such as the launch of vegan, organic, and sugar-free whipping cream in new flavors like cinnamon, rose, and mango, are fueling the growth of the whipping cream market. Additionally, consumers' rising disposable income and the easy availability of whipping cream through online retail channels are expected to complement market expansion. Increasing demand for light whipping cream, with a fat content of 30% to 36%, is attributed to growing health consciousness.

The worldwide growth of the food and beverage market is driving the demand for whipping cream. Increasing consumption of puddings, milkshakes, hot chocolate, sundaes, ice cream, and cupcakes among millennials is creating new opportunities. The rise of premium bakery and confectionery stores offering customized pastries and cakes is also boosting the demand for whipped cream, a popular decorative ingredient for various desserts.

Increasing Health Awareness among Consumers Driving Product Demand
The growing health consciousness among consumers is fueling the demand for low-fat whipping cream. The wide availability of flavor-infused whipping creams such as Kahlúa, chocolate, orange, coffee, cinnamon, vanilla, and rose, as well as sugar-free and vegan options, is expected to further boost this demand.

Easy access to whipping cream through online retail channels and consumers' increasing spending power on premium products will also drive this demand. Additionally, the influence of social media, with food-related posts and videos, along with the growing number of food bloggers highlighting its use as a decorative ingredient, is expected to significantly impact the demand for whipping cream.

Segmentation of Whipping Cream Industry Research
• By Product :
o Dairy
o Non-dairy
• By Application :
o B2B
o B2C

• By Distribution Channel :
o Warehouse Clubs
o Variety Stores
o Department Stores
o Online Retail
o Convenience Stores
o Supermarkets and Hypermarkets
o Specialist Retailers
o Others

• By Region :
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa

Read More: https://www.factmr.com/report/whipping-cream-market

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This release was published on openPR.