Cream Powder Market Outlook
The cream powder is prepared from a blend of fresh cream and milk that has been pasteurized, spray dried to create a naturally rich cream powder with a fat content ranging from 42% to 60% fat. Coconut cream powder is another non-dairy solution for lactose intolerance consumers which is made from the essence of mature coconuts and has a mild coconut flavor. The cream powder generally used in the food processing industry for preparing various products such as ice creams, chocolate, desserts, biscuits, baked food products, others. The unique characteristics of cream powder such as good dispersibility, solubility, flavor, high-fat content, easy to handle, and store as compared to UHT and fresh cream, make a cream powder to use in various applications. The cream powder is also a cost-effective solution compared to fresh cream as it reduces refrigeration, easy to store as well as has a high shelf life.
Reasons for Covering Cream Powder Market Title
Rise in vegan population globally owing to growing concern of environment as well as animals, increasing demand of cream powder for preparing whipped creams, expanding health-conscious consumers, and changing consumers’ preference towards dairy alternatives are the factors influencing the growth of the cream powder market in the near future. Additionally, increase in lactose intolerance consumers, accelerating the trend of out-of-home food consumption pattern, the rise in per capita consumption of ice creams and frozen desserts, and growing trend for product premiumization are some other factors fueling the growth of the cream powder market during the forecast period. However, variation in fat content in cream powder makes it difficult to maintain a dessert’s appealing look, availability of alternative products, and growing food safety as well as quality standards along with government laws and regulations may hamper the growth of cream powder market during the forecast period.
Global Cream Powder: Market Segmentation
On the basis of source, the global cream powder market has been segmented as –
- Dairy Cream Powder
- Non-Dairy Cream Powder
On the basis of nature, the global cream powder market has been segmented as –
- Organic Cream Powder
- Conventional Cream Powder
On the basis of application, the global cream powder market has been segmented as –
On the basis of the distribution channel, the global cream powder market has been segmented as –
- Store-Based Retailing
- Convenience Stores
- Discount Stores
- Food and Drink Specialty Stores
- Independent Small Groceries
- Online Retailer
- Store-Based Retailing
Global Cream Powder Market: Key Players
Some of the key players operating in the global cream powder market are Revala Ltd., Dohler Group, NZMP Company, Joker plus Ltd., Bluegrass Dairy & Food, Inc., Molda AG Shenzhen Ocean Power Corporation, Arion Dairy Products B.V., Shandong Tianjiao Biotech Co., Ltd., WillPowder, LLC, Asher manufacturer, Amul, Grandplace Vietnam Ltd., Adi Coperations Limited, H & C Food Industrial Co., Ltd., and others.
Rise in population in developing countries lead to accelerating in the demand for Asian foods, expanding disposable income of mid-class income people, and consumers are shifting from artificial ingredients or additives towards natural ingredients in food products which are attributed to an increase in demand for luxury fragrances developed with Cream Powder are some of the leading factors driving the growth of the global cream powder market. Moreover, companies are searching for various government certifications to have a competitive edge coupled with expanding their customer base by offering novel products and meet consumer demand for rich, creamy, and natural dairy flavor cream powder products are expected to grow the cream powder market during the forecast period.
Opportunities for Global Cream Powder Market Participants
The shifting trend of out-of-home consumption sees robust growth among the population. Consumers’ inclination to 'enjoy food away from home' is creating unique challenges for manufacturers. Out-of-home consumption includes all occasions when a consumer enjoys a product outside the home. Thus, changes in consumers’ eating habits provide innovation opportunities for various food manufacturers to develop novel food products is the factors due to which cream powder market revenue is expected to grow at a rapid growth rate, over the forecast period. Moreover, consumers are demanding for natural products for healthy diet and premium products are the primary factor accelerating the growth of the cream powder market.
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.