According to a recent report by Future Market Insights, a market research and competitive intelligence provider, sales of imitation whipped cream are estimated to reach a value of USD 2.08 Bn by 2032, surging at 6.6% CAGR through the decade.
Imitation whipped cream can be used for a variety of purposes, including avoiding milk allergies by omitting dairy ingredients, providing a longer shelf life, greater flexibility in use, lowering costs, and providing convenience. It also has a lower fat content, better foam stability, and lower cost in use calculations, making it appealing to bakers and caterers.
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A few challenges for the imitation whipped cream market include obtaining high-quality ingredients, maintaining consistency in food standards, managing efficient hospitality service, high inventory carrying costs, high taxation, and high packaging costs.
Concerns such as rising health awareness, concerns about physical appearance, increasing media coverage on health, rising health conditions (obesity, diabetes, and cardiac problems), changing lifestyles, and soaring healthcare costs have led to the introduction of low/light, functional, natural, and organic products in the imitation whipped cream market.
Key Takeaways from Market Study
- China has the fastest-growing market for imitation whipped cream. During the forecast period, it is expected to have the highest CAGR.
- Oceania, on the other hand, is expected to grow rapidly during the forecasted period.
- The imitation whipped cream market is divided into two product categories, dairy-free creams, and dairy creams.
- The global market is divided into residential, restaurant, food and beverage processing, hotels, cafes, and so on.
“The rising popularity of dairy-free creamers such as soy creamer, almond creamer, hemp creamer, rice creamer, oat creamer, coconut creamer, cashew creamer, coffee creamer, and vegetable cooking cream is expected to fuel market growth over the forecasted period,” says a lead analyst at Future Market Insights.
Competitive Landscape
Manufacturers in this market are focusing on research and development to find new sources of imitation whipped cream. A few new additions to the product category include cashews, oats, and hemp imitation whipped cream.
- Silk, a leading plant-based beverage brand in the United States, released the first plant-based heavy whipping cream of its kind in January 2020, dubbed “NEW Silk Dairy-Free Heavy Whipping Cream Alternative.” The cream can be used to flavor desserts, soups, sauces, and a variety of other dishes.
Some of the key players in the Imitation Whipped Cream Market include Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Grupo Chantilly SA de CV, Ilsa Frigo, Kerry, Dos Anclas, Eurocas Group of Companies, Hydrosol GmbH & Co. KG, PURATOS, Arla Foods, and others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of imitation whipped cream presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
Imitation Whipped Cream Market By Category
By Nature, Imitation Whipped Cream Market is Segmented as:
- Organic
- Conventional
By Form, Imitation Whipped Cream Market is Segmented as:
- Powder
- Liquid
By Product Type, Imitation Whipped Cream Market is Segmented as:
- Soy Creamer
- Almond Creamer
- Oat Creamer
By End-Use, Imitation Whipped Cream Market is Segmented as:
- HoReCa/Food Service
- Food & Beverage Processing
- Household/Retail
By Sales-Channel, Imitation Whipped Cream Market is Segmented as:
- Direct Sales
- Indirect Sales
By Region, Imitation Whipped Cream Market is Segmented as:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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