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Growing Demand For Bakery Products Fuels Expansion Of The Cream Powder Market: Major Factor in the Transformation of the Cream Powder Market in 2025
Cream Powder Market Size
In recent times, there has been a substantial expansion in the cream powder market. The forecast suggests an upward trajectory from $5.34 billion in 2024 to an estimated $5.8 billion by 2025, with a compound annual growth rate (CAGR) of 8.6%. The growth during the historic period can be linked to a surge in consumer demand for dairy-based products, creamy beverages, and convenient food items.
Anticipated robust expansion is on the horizon for the cream powder market in the forthcoming years. The market evaluation is predicted to reach $8 billion by the year 2029, growing with a compound annual growth rate (CAGR) of 8.4%. This forecasted growth is primarily fueled by the escalating demand for convenience foods, the expansion of the vegan populace, and the surging demand for bakery products. Pertinent trends during this projected period are related to the introduction of innovative products, technological progression, and the debut of new products and services.
What Is Contributing to the Growth of the Cream Powder Market?
The increasing demand for bakery items is anticipated to catalyze the expansion of the cream powder market. Bakery items encompass a broad spectrum of products that are made using wheat flour for creating different types of bakery-related goods. The spur in demand is attributed to alterations in lifestyle, health-oriented trends, economic determinants, and advancements in the food sector. Cream powder aids in prolonging the shelf life in contrast to fresh cream and other bakery items, catering to the consumer's desire for longer storage durations. For example, a Food and Beverages 2023 report launched by Farm Credit Canada (FCC), a firm based in Canada offering specialized and custom financial services to agricultural endeavors, predicted in March 2023 that revenue for bakery and tortilla items will rise by 5.4% in 2023, amounting to $17.2 billion, a significant jump from $16.3 billion in the previous year. Consequently, the escalating demand for bakery items is propelling the growth of the cream powder market.
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Who Are the Major Industry Players Fueling Cream Powder Market Expansion?
Major companies operating in the cream powder market are Nestlé S.A., Unilever PLC, Groupe Lactalis S.A., Yili Group, Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Inner Mongolia Mengniu Dairy Limited, Saputo Inc., Kerry Group plc, Dairy Farmers of America, Schreiber Foods Inc., Doehler Group SE, Müller Industries, GROUPE SODIAAL, DMK Deutsches Milchkontor GmbH, Arla Foods Group, NOW Foods, Parag Milk Foods Ltd, Anand Milk Union Limited (AMUL), Bluegrass Dairy, Walton Feed Inc., Pelwatte Dairy Industries Pvt. Limited, Rogers and Company Foods Pty Ltd, Arion Dairy Products B.V.
Which Key Developments Are Influencing the Cream Powder Market?
Major firms in the cream powder industry are innovating instant powder mixes as part of their product enhancement strategies to meet the escalating demand for plant-based options. Instant powder mix is an easily dissolvable dry powder that can be instantly added into water or any other liquid to make an instantly consumable food item, drink, or cooking ingredient. For example, in October 2023, Nestlé S.A., a food and beverages processing corporation headquartered in Switzerland, brought to market a Nido instant powder made from a combination of milk and plant-based ingredients in Central and West Africa. The product, Nido Milk & Soya, unites both the benefits of milk and local soy and is loaded with vital nutrients like protein, fiber, iron, and calcium. This adaptable product, developed by the local R&D team at Nestlé in Abidjan, Côte d'Ivoire, is versatile enough to be had with a range of cereals, gruels, and drinks. It was recently introduced in the Nigerian market.
How Is the Segmentation of the Cream Powder Market Defined?
The cream powder market covered in this report is segmented -
1) By Type: High Fat Powder, Lipid Powder
2) By Source: Dairy-Based Cream Powder, Plant-Based Cream Powder
3) By Application: Bakery, Soups And Sauces, Dairy Products, Beverages, Confectionaries, Desserts, Other Applications
4) By Distribution Channel: Supermarkets Or Hypermarkets, Online Retail, Specialty Stores, Other Channels
Subsegments:
1) By High Fat Powder: Full Cream Powder, Instant Full Cream Powder, Spray-Dried High-Fat Cream Powder
2) By Lipid Powder: Non-Dairy Lipid Powder, Dairy-Based Lipid Powder, Specialized Lipid Powder For Functional Foods
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What Is the Leading Region in the Cream Powder Market?
Europe was the largest region in the cream powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cream powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Cream Powder Global Market Report?
- Market Size Analysis: Analyze the Cream Powder Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cream Powder Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cream Powder Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cream Powder Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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