Cream Powder Global Market Report 2024

Description

Cream powder is the dried form of cream, produced through spray-drying or freeze-drying to reduce its water content significantly. Made from pasteurized sweet cream, it retains the flavor and richness of liquid cream while offering an extended shelf life and easier storage and transport. To use, it is reconstituted by mixing with water to achieve a creamy consistency akin to fresh cream.

Cream powder is categorized into two main types high fat powder and lipid powder. High fat powder, with a fat content exceeding 40%, includes dairy-based and plant-based variants. These find application in diverse sectors such as bakery, soups, sauces, dairy products, beverages, confectionaries, desserts, and more. Distribution occurs through supermarkets, hypermarkets, online retail, specialty stores, and other channels.

The cream powder market research report is one of a series of new reports from The Business Research Company that provides cream powder market statistics, including the cream powder industry global market size, regional shares, competitors with cream powder market share, detailed cream powder market segments, market trends, and opportunities, and any further data you may need to thrive in the cream powder industry. These cream powder market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cream powder market size has grown strongly in recent years. It will grow from $4.93 billion in 2023 to $5.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The rise during the historical period was driven by higher demand for dairy-based products, creamy beverages, and convenient foods.

The cream powder market size is expected to see strong growth in the next few years. It will grow to $7.39 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. Anticipated growth in the forecast period is fueled by the rising popularity of ready-to-eat foods, a growing vegan demographic, and increased demand for baked goods. Key trends expected during this period include product innovation, technological advancements, and the introduction of new products and services.

The increasing consumption of bakery products is anticipated to drive growth in the cream powder market in the future. Bakery products encompass a wide array of items made from wheat flour to produce diverse final bakery-related goods. The global rise in demand for bakery products is influenced by shifts in lifestyle, health preferences, economic factors, and advancements in the food industry. Cream powder offers an extended shelf life compared to fresh cream, aligning with consumer preferences for longer storage periods. For example, according to a report from the American Bakers Association in 2021, sales of baking ingredients and supplies saw significant increases in 2020. Furthermore, statistics from Euromonitor International, as published on the Government of Canada's official website in October 2022, indicate that retail sales of baked goods in the US surged to $67.9 billion in 2021 and are projected to reach $75.8 billion by 2026. Hence, the growing demand for bakery products is propelling the expansion of the cream powder market.

Leading companies in the cream powder market are introducing instant powder mixes to broaden their product portfolios and meet the rising demand for plant-based alternatives. Instant powder mixes are dry, soluble powders designed to be quickly blended with water or another liquid to create ready-to-consume beverages, food products, or culinary ingredients. For instance, Nestle S.A., a Swiss multinational, launched Nido instant powder in October 2023 in Central and West Africa. This product, called Nido Milk & Soya, combines milk with local soy, offering essential nutrients such as protein, fiber, iron, and calcium. Developed by Nestle's regional R&D team in Abidjan, Cote d'Ivoire, this versatile product complements various cereals, porridges, and beverages and has recently debuted in Nigeria.

In April 2024, Greenyard, a Belgian company known for manufacturing fresh, frozen, and prepared fruit and vegetables, acquired Creme de la Creme for an undisclosed sum. This acquisition enables Greenyard to broaden its range of plant-based dairy alternatives and reinforce its presence in the expanding market for dairy-free frozen desserts. Creme de la Creme, based in the US, specializes in innovative plant-based ice cream, frozen snack products, and cream powder, including products such as Creme De La Creme Mica Powder.

Major companies operating in the cream powder market are Nestle 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, Muller 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.

Europe was the largest region in the cream powder market in 2023. 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.

The countries covered in the cream powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cream powder market consists of sales of instant cream powder, whipping cream powder and organic cream powders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Cream Powder Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cream powder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for cream powder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cream powder market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Companies Mentioned: Nestle S.A.; Unilever PLC; Groupe Lactalis S.A.; Yili Group; Royal FrieslandCampina N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19099

1. Executive Summary

2. Cream Powder Market Characteristics

3. Cream Powder Market Trends And Strategies

4. Cream Powder Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Cream Powder Market Size and Growth

5.1. Global Cream Powder Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cream Powder Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cream Powder Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cream Powder Market Segmentation

6.1. Global Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
High Fat Powder
Lipid Powder
6.2. Global Cream Powder Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dairy-Based Cream Powder
Plant-Based Cream Powder
6.3. Global Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Bakery
Soups And Sauces
Dairy Products
Beverages
Confectionaries
Desserts
Other Applications
6.4. Global Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Supermarkets Or Hypermarkets
Online Retail
Specialty Stores
Other Channels

7. Cream Powder Market Regional And Country Analysis

7.1. Global Cream Powder Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cream Powder Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cream Powder Market

8.1. Asia-Pacific Cream Powder Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cream Powder Market

9.1. China Cream Powder Market Overview
9.2. China Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cream Powder Market

10.1. India Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cream Powder Market

11.1. Japan Cream Powder Market Overview
11.2. Japan Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cream Powder Market

12.1. Australia Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cream Powder Market

13.1. Indonesia Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cream Powder Market

14.1. South Korea Cream Powder Market Overview
14.2. South Korea Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cream Powder Market

15.1. Western Europe Cream Powder Market Overview
15.2. Western Europe Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cream Powder Market

16.1. UK Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cream Powder Market

17.1. Germany Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cream Powder Market

18.1. France Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cream Powder Market

19.1. Italy Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cream Powder Market

20.1. Spain Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cream Powder Market

21.1. Eastern Europe Cream Powder Market Overview
21.2. Eastern Europe Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cream Powder Market

22.1. Russia Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cream Powder Market

23.1. North America Cream Powder Market Overview
23.2. North America Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cream Powder Market

24.1. USA Cream Powder Market Overview
24.2. USA Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cream Powder Market

25.1. Canada Cream Powder Market Overview
25.2. Canada Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cream Powder Market

26.1. South America Cream Powder Market Overview
26.2. South America Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cream Powder Market

27.1. Brazil Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cream Powder Market

28.1. Middle East Cream Powder Market Overview
28.2. Middle East Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cream Powder Market

29.1. Africa Cream Powder Market Overview
29.2. Africa Cream Powder Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cream Powder Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cream Powder Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cream Powder Market Competitive Landscape And Company Profiles

30.1. Cream Powder Market Competitive Landscape
30.2. Cream Powder Market Company Profiles
- 30.2.1. Nestle S.A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Unilever PLC
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Groupe Lactalis S.A.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Yili Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Royal FrieslandCampina N.V.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Cream Powder Market Other Major And Innovative Companies

31.1. Fonterra Co-operative Group Limited
31.2. Inner Mongolia Mengniu Dairy Limited
31.3. Saputo Inc.
31.4. Kerry Group plc
31.5. Dairy Farmers of America
31.6. Schreiber Foods Inc.
31.7. Doehler Group SE
31.8. Muller Industries
31.9. GROUPE SODIAAL
31.10. DMK Deutsches Milchkontor GmbH
31.11. Arla Foods Group
31.12. NOW Foods
31.13. Parag Milk Foods Ltd
31.14. Anand Milk Union Limited (AMUL)
31.15. Bluegrass Dairy

32. Global Cream Powder Market Competitive Benchmarking

33. Global Cream Powder Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cream Powder Market

35. Cream Powder Market Future Outlook and Potential Analysis

35.1 Cream Powder Market In 2028 - Countries Offering Most New Opportunities
35.2 Cream Powder Market In 2028 - Segments Offering Most New Opportunities
35.3 Cream Powder Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer