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Growing Demand For Bakery Products Fuels Expansion Of The Cream Powder Market Driver: A Major Catalyst in the Evolution of the Cream Powder Market in 2025
Which drivers are expected to have the greatest impact on the over the cream powder market's growth?The growing consumption of bakery products is expected to fuel the growth of the cream powder market. Bakery products, which are popular globally, are driving the demand for ingredients like cream powder, which offers a longer shelf life than fresh cream. For instance, in March 2023, Farm Credit Canada reported that the revenue from bakery and tortilla products was projected to rise by 5.4% to $17.2 billion in 2023. As a result, the rising demand for bakery products is propelling the cream powder market.
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What is the future CAGR of the cream powder market, and how will it impact industry expansion?
The cream powder market has also grown considerably in recent years. It is projected to grow from $5.34 billion in 2024 to $5.8 billion in 2025 at a CAGR of 8.6%. The increase in demand for dairy products, creamy beverages, and convenience foods has contributed to this growth.
The cream powder market is expected to reach $8 billion by 2029 at a CAGR of 8.4%. The market growth is driven by a higher demand for ready-to-eat foods, the increasing vegan population, and the growing demand for baked goods. Trends include product innovation, technological advancements, and the introduction of new products and services.
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What new trends are reshaping the cream powder market and its opportunities?
In the cream powder market, companies are introducing instant powder mixes to meet the rising demand for plant-based alternatives. These mixes dissolve quickly in liquids to create ready-to-consume beverages or food products. In October 2023, Nestlé S.A., a Switzerland-based food company, launched Nido Milk & Soya, a blend of milk and soy, in Central and West Africa. This instant powder mix is rich in protein, fiber, iron, and calcium and can be combined with cereals, porridges, or beverages, offering a nutritious and versatile product.
Which key market segments comprise the cream powder market and drive its revenue growth?
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 regions are at the forefront of cream powder market expansion?
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.
Who are the leading players fueling growth in the cream powder market?
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.
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What Is Covered In The Cream Powder Global Market Report?
•Market Size Forecast: Examine the cream powder market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cream powder market for a structured understanding.
•Key Players Overview: Analyze major players in the cream powder market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cream powder market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cream powder market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cream powder market.
•Industry Challenges: Identify potential risks and obstacles affecting the cream powder market.
•Competitive Landscape: Review strategic developments in the cream powder market, including expansions, agreements, and new product launches.
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