Cream Powder Market By Source (Dairy-based, Plant-based), By Type (Sweet Cream Powder, Sour Cream Powder), By End User (Bakery Industry, Dairy Industry, Others), By Sales Channel (B2B, B2C): Global Opportunity Analysis & Industry Forecast, 2021-2031

Description

List of Tables

The global cream powder market size was valued at $4.8 billion in 2021 and is projected to reach $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. Fresh cream and milk are combined to form a cream powder, which is then pasteurized, and spray-dried, to produce a naturally rich cream powder. Another non-dairy option for people with lactose intolerance is coconut cream powder, which is created from the mature coconut's essence and has a moderate coconut flavor. In the food processing sector,* *cream powder is typically used to make a variety of items, including ice cream, chocolate, sweets, biscuits, and baked goods. When compared to ultra-heat-treated (UHT) milk and fresh cream, cream powder's distinctive qualities-good dispersibility, solubility, flavor, high-fat*content, simplicity of handling, and storage-allow it to be used in a variety of applications.

The COVID-19 pandemic resulted in a negative effect on the cream powder market as the bakery, and HoReCa industries are being shut down. For instance, according to the report of the U.S. Department of Agricultural Services, the COVID-19 pandemic has negatively affected the Chinese bakery sector via disruptions to production and distribution. Both packaged and unpackaged baked goods have suffered, though the unpackaged segment has been hit harder due to shorter shelf life, consumers' limited access to retail outlets, and increased concerns about food hygiene during the pandemic.

Consumers' preference for out-of-home consumption is shifting, and it is expanding rapidly. The tendency of consumers to "enjoy eating away from home" is anticipated to present particular difficulties for market participants. All occasions when a consumer eats a meal outside the house are considered out-of-home consumption. The market for cream powder is anticipated to expand at a quick rate during the projected period due to changes in consumer eating patterns, which present chances for industry participants to produce the new cream powder. Additionally, the growing desire for natural products among consumers is anticipated to fuel the development of the cream powder market.

The growing prevalence of lactose sensitivity may reduce consumer demand for cream powder. For instance, 60% of the world's population cannot metabolize*the lactose found in animal milk, according to a National Health Portal of India article. Since*plant-based cream powder is another non-dairy option for consumers who suffer from lactose intolerance, market participants hope that it will help them overcome this limitation on the cream powder market. The lactose intolerant population is anticipated to be drawn to the plant-based cream powder being given by various market participants, which is anticipated to increase demand for the cream powder market.

The rise in the vegan population globally owing to the growing concern for the environment as well as animals is expected to create an opportunity for the growth of the cream powder market in the near future. For instance, according to a survey commissioned by the Vegan Society, the number of vegans in the UK quadrupled between 2014 and 2018. In 2019, there were 6,00,000 vegans, around 1.16% of the population. Veganism has led to a corresponding increase in the amount of money that people are willing to spend on the purchase of vegan products. Such a rise in the vegan population coupled with plant-based cream powder being offered by market players such as coconut cream powder which is another non-dairy solution for lactose intolerant consumers made from the essence of mature coconuts and has a mild coconut flavor is expected to create an opportunity for market growth.

The outbreak of COVID-19 has negatively affected manufacturing activities and disrupted the distribution network of the cream powder market globally. People were forced to stay in their homes to limit the spread of the disease. The government's stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. All the major key players and other sales channels were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period.

The cream powder market is analyzed based on source, type, end-user, sales channel, and region. As per the source, the market is segmented into dairy-based and plant-based. According to type, the market is classified into sweet cream powder and sour cream powder. Depending on the end-user, the market is categorized into the bakery industry, dairy industry, and others. By sales channel, the market is segmented into B2C and B2B sales channels. The sweet cream powder and sour cream powder segments are further bifurcated into less than 30% fat, 30% to 60% fat, and above 60% fat. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key leading players operating in this market include: A The Food Source International, Inc., Arion Dairy Products B.V., Bluegrass Ingredients, Inc., Fonterra Co-operative Group Limited, Commercial Creamery Company, Shandong Tianjiao Biotechnology Co., Ltd., County Milk Products, Revala Ltd., Shenzhen Oceanpower Food Equipment Tech Co., Ltd., and WillPowder, LLC.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cream powder market analysis from 2021 to 2031 to identify the prevailing cream powder market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cream powder market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cream powder market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Source

Dairy-based
- Sub Segment
- Less than 30% Fat
- 30% to 60% fat
- Above 60% fat
Plant-based

By Type

Sweet Cream Powder
Sour Cream Powder

By End User

Bakery Industry
Dairy Industry
Others

By Sales Channel

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia-Pacific
LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players

The Food Source International, Inc.
Arion Dairy Products B.V.
Bluegrass Ingredients, Inc.
Fonterra Co-operative Group Limited
Commercial Creamery Company
Shandong Tianjiao Biotechnology Co., Ltd.
County Milk Products
Revala Ltd.
Shenzhen Oceanpower Food Equipment Tech Co., Ltd.
WillPowder, LLC.

Product Code: A39197

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Wide Usage
  - 3.4.1.2. Cost-effectiveness
- 3.4.2. Restraints
  - 3.4.2.1. Increase in lactose intolerance consumers
  - 3.4.2.2. Government laws and regulations
- 3.4.3. Opportunities
  - 3.4.3.1. Rise in the vegan population
  - 3.4.3.2. Increasing out-of-home consumption
3.5. COVID-19 Impact Analysis on the market
3.6. Market Share Analysis
3.7. Pricing Analysis
3.8. Value Chain Analysis

CHAPTER 4: CREAM POWDER MARKET, BY SOURCE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Dairy-based
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Dairy-based Cream Powder Market by Sub Segment
  - 4.2.4.1. Less than 30% Fat Market size and forecast, by region
  - 4.2.4.2. 30% to 60% fat Market size and forecast, by region
  - 4.2.4.3. Above 60% fat Market size and forecast, by region
4.3. Plant-based
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: CREAM POWDER MARKET, BY TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Sweet Cream Powder
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Sour Cream Powder
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: CREAM POWDER MARKET, BY END USER

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Bakery Industry
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Dairy Industry
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: CREAM POWDER MARKET, BY SALES CHANNEL

7.1. Overview
- 7.1.1. Market size and forecast
7.2. B2B
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. B2C
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: CREAM POWDER MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Source
  - 8.2.2.1. North America Dairy-based Cream Powder Market by Sub Segment
- 8.2.3. Market size and forecast, by Type
- 8.2.4. Market size and forecast, by End User
- 8.2.5. Market size and forecast, by Sales Channel
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Source
  - 8.2.6.1.3. Market size and forecast, by Type
  - 8.2.6.1.4. Market size and forecast, by End User
  - 8.2.6.1.5. Market size and forecast, by Sales Channel
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Source
  - 8.2.6.2.3. Market size and forecast, by Type
  - 8.2.6.2.4. Market size and forecast, by End User
  - 8.2.6.2.5. Market size and forecast, by Sales Channel
  - 8.2.6.3. Mexico
  - 8.2.6.3.1. Key market trends, growth factors and opportunities
  - 8.2.6.3.2. Market size and forecast, by Source
  - 8.2.6.3.3. Market size and forecast, by Type
  - 8.2.6.3.4. Market size and forecast, by End User
  - 8.2.6.3.5. Market size and forecast, by Sales Channel
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Source
  - 8.3.2.1. Europe Dairy-based Cream Powder Market by Sub Segment
- 8.3.3. Market size and forecast, by Type
- 8.3.4. Market size and forecast, by End User
- 8.3.5. Market size and forecast, by Sales Channel
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Source
  - 8.3.6.1.3. Market size and forecast, by Type
  - 8.3.6.1.4. Market size and forecast, by End User
  - 8.3.6.1.5. Market size and forecast, by Sales Channel
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Source
  - 8.3.6.2.3. Market size and forecast, by Type
  - 8.3.6.2.4. Market size and forecast, by End User
  - 8.3.6.2.5. Market size and forecast, by Sales Channel
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Source
  - 8.3.6.3.3. Market size and forecast, by Type
  - 8.3.6.3.4. Market size and forecast, by End User
  - 8.3.6.3.5. Market size and forecast, by Sales Channel
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Source
  - 8.3.6.4.3. Market size and forecast, by Type
  - 8.3.6.4.4. Market size and forecast, by End User
  - 8.3.6.4.5. Market size and forecast, by Sales Channel
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Source
  - 8.3.6.5.3. Market size and forecast, by Type
  - 8.3.6.5.4. Market size and forecast, by End User
  - 8.3.6.5.5. Market size and forecast, by Sales Channel
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Source
  - 8.3.6.6.3. Market size and forecast, by Type
  - 8.3.6.6.4. Market size and forecast, by End User
  - 8.3.6.6.5. Market size and forecast, by Sales Channel
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Source
  - 8.4.2.1. Asia-Pacific Dairy-based Cream Powder Market by Sub Segment
- 8.4.3. Market size and forecast, by Type
- 8.4.4. Market size and forecast, by End User
- 8.4.5. Market size and forecast, by Sales Channel
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Source
  - 8.4.6.1.3. Market size and forecast, by Type
  - 8.4.6.1.4. Market size and forecast, by End User
  - 8.4.6.1.5. Market size and forecast, by Sales Channel
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Source
  - 8.4.6.2.3. Market size and forecast, by Type
  - 8.4.6.2.4. Market size and forecast, by End User
  - 8.4.6.2.5. Market size and forecast, by Sales Channel
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Source
  - 8.4.6.3.3. Market size and forecast, by Type
  - 8.4.6.3.4. Market size and forecast, by End User
  - 8.4.6.3.5. Market size and forecast, by Sales Channel
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Source
  - 8.4.6.4.3. Market size and forecast, by Type
  - 8.4.6.4.4. Market size and forecast, by End User
  - 8.4.6.4.5. Market size and forecast, by Sales Channel
  - 8.4.6.5. New Zealand
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Source
  - 8.4.6.5.3. Market size and forecast, by Type
  - 8.4.6.5.4. Market size and forecast, by End User
  - 8.4.6.5.5. Market size and forecast, by Sales Channel
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Source
  - 8.4.6.6.3. Market size and forecast, by Type
  - 8.4.6.6.4. Market size and forecast, by End User
  - 8.4.6.6.5. Market size and forecast, by Sales Channel
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Source
  - 8.5.2.1. LAMEA Dairy-based Cream Powder Market by Sub Segment
- 8.5.3. Market size and forecast, by Type
- 8.5.4. Market size and forecast, by End User
- 8.5.5. Market size and forecast, by Sales Channel
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Brazil
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Source
  - 8.5.6.1.3. Market size and forecast, by Type
  - 8.5.6.1.4. Market size and forecast, by End User
  - 8.5.6.1.5. Market size and forecast, by Sales Channel
  - 8.5.6.2. Argentina
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Source
  - 8.5.6.2.3. Market size and forecast, by Type
  - 8.5.6.2.4. Market size and forecast, by End User
  - 8.5.6.2.5. Market size and forecast, by Sales Channel
  - 8.5.6.3. Saudi Arabia
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Source
  - 8.5.6.3.3. Market size and forecast, by Type
  - 8.5.6.3.4. Market size and forecast, by End User
  - 8.5.6.3.5. Market size and forecast, by Sales Channel
  - 8.5.6.4. South Africa
  - 8.5.6.4.1. Key market trends, growth factors and opportunities
  - 8.5.6.4.2. Market size and forecast, by Source
  - 8.5.6.4.3. Market size and forecast, by Type
  - 8.5.6.4.4. Market size and forecast, by End User
  - 8.5.6.4.5. Market size and forecast, by Sales Channel
  - 8.5.6.5. Rest of LAMEA
  - 8.5.6.5.1. Key market trends, growth factors and opportunities
  - 8.5.6.5.2. Market size and forecast, by Source
  - 8.5.6.5.3. Market size and forecast, by Type
  - 8.5.6.5.4. Market size and forecast, by End User
  - 8.5.6.5.5. Market size and forecast, by Sales Channel

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES

10.1. Revala Ltd.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
10.2. Fonterra Co-operative Group Limited
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
10.3. Bluegrass Ingredients, Inc.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Key strategic moves and developments
10.4. Shenzhen Oceanpower Food Equipment Tech Co., Ltd.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
10.5. Arion Dairy Products B.V.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
10.6. Shandong Tianjiao Biotechnology Co., Ltd.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
10.7. WillPowder, LLC.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
10.8. Commercial Creamery Company
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
10.9. The Food Source International, Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
10.10. County Milk Products
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments