USD 8.43 Billion
Report ID:
SQMIG30I2420 |
Region:
Global |
Published Date: January, 2025
Pages:
185
|Tables:
84
|Figures:
71
Global Whipping Cream Market size was valued at USD 8.43 Billion in 2023 and is poised to grow from USD 9.15 Billion in 2024 to USD 18.36 Billion by 2032, growing at a CAGR of 8.6% in the forecast period (2025-2032).
The global population is rising, and there is an increase in the consumption of food & beverage products such as ice creams, cupcakes, pies, cakes, waffles, and hot chocolate milkshakes. All this creates a high demand for whipping cream. Furthermore, ultra-high temperature processing has been developed to increase the shelf life of this product without losing its texture and flavor. This process enables the manufacturer to provide products that do not need refrigeration until they are opened, thus enhancing user convenience. Another notable avenue for the global whipping cream market growth comes from the further expansion of the baking industry. Whipping cream is an integral part of a wide range of baking recipes for cakes, scones, muffins, and cookies that provide moisture, richness, and a tender crumb. Whipping cream provides a fat component that allows a finer crumb in cakes and other baked products, thereby contributing to a lighter, fluffier texture.
Whipped cream can be incorporated into different doughs and batters like biscuits, pancakes, or waffles to produce a softer and more delicate texture. Now, recent breakthroughs and developments in emulsification technology have been developed to enhance the stability of whipped cream, which reduces the risk of separation and increases its performance in food and baking. The rising sales of light whipping cream products, whose fat contents vary around 30%, are major drivers in increasing market share and sales. Light whipping creams come as the creamier product most health-conscious individuals want for use in recipes, so they don't have to remove calories yet consume creamy products at the same time.
Market snapshot - (2025-2032)
Global Market Size
USD 8.43 Billion
Largest Segment
B2B
Fastest Growth
B2C
Growth Rate
8.6% CAGR
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The global whipping cream market is segmented into product, application, distribution channels, and regions. By product, the market is divided into dairy and non-dairy. Depending on the application, it is classified into b2b and b2c. According to distribution channel, the market is bbifurcatedonline and offline. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
As per the 2024 global whipping cream market analysis, the dairy segment held a significant revenue share of 69.1% in the global market. Dairy whipping cream has been used traditionally by most retail customers and commercial bakers and chefs owing to its readiness and cost effectiveness compared to most of the alternatives. Also, dairy products exist in various concentrations of fat which can cater for a wider spectrum of diet-conscious buyers. Such whipped creams are mainly used in indulgence and premium applications, especially in desserts and baked goods. This product has been found to gain importance due to increased demand for richer and more luxurious options in food products, thus contributing to growth in the coming years in dairy-based whipping cream demand.
On the other hand, the non-dairy segment is expected to have a higher growth rate of CAGR during the forecast period. The rapidly growing vegan population and rising incidence of lactose intolerance have forced manufacturers to introduce non-dairy plant-based alternatives. Examples in this class are coconut cream, soy-based cream, oat-based cream, cashew cream, and almond-based cream. Whipping creams made from plants are predicted to introduce a variety of delicate tastes based on the selected base for their enhancement to either sweet or savory dishes. Most plant-based creams such as oat, almond, or soy-based creams are less destructive in comparison to dairy-based ones, with less consumption of water and emission of greenhouse gases.
Based on the 2024 global whipping cream market forecast, the B2B segment had a significant share of revenue in the global market. Whipping cream is in great demand by several large industries, including food service, bakery, dairy, and confectionery, which are highly dependent on this product in the food and beverage production process. Restaurants, cafes, and hotels consume whipping cream in a variety of applications, including toppings for coffee drinks, desserts, and creamy sauces. Large catering companies and event food service providers catering for weddings, birthday parties, or corporate events depend on whipping cream for desserts or creamy dishes regularly. Preimmunizing products, comfort foods, as well as indulging experiences, will help keep constant demand for this high-quality B2B market of dairy whipped cream.
The B2C segment is expected to grow at the fastest CAGR from 2025 to 2032, as whipping cream plays an important role in households, catering to consumers who use it for various cooking and baking applications. The increased popularity of home baking trends, especially after the COVID-19 pandemic, has led to the increased use of whipping cream to enhance cakes, cupcakes, pies, pastries, and other baked goods. It is necessary for whipping toppings and for incorporating into batters and frostings. Additionally, consumers also employ whipping cream for making rich sauces, soups, and creamy dishes at home, such as Alfredo sauce, creamy soups, or mashed potatoes. Consequently, companies are introducing various types of whipping creams that can efficiently cater to different consumer needs.
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North America held the leading revenue share of 38.1% in the whipping cream industry in 2024. The region's dominance is attributed to the increasing use of whipping cream in baking and culinary preparations, along with consistently strong demand for desserts and sweet food items. Further, with the presence of plant-based and organic options, companies have been able to cater to a larger base of customers. This has particularly been possible in the U.S. and Canada, where the demographic of vegans is increasing steadily. Consumer interest in premium and health-conscious alternatives, and adoption of innovative product offerings, have further propelled the market growth in North America and have been key contributors to the global whipping cream industry.
Asia Pacific is expected to grow at the highest CAGR during the period 2025-2032. The continuously growing population in regional economies such as China, Japan, and India, along with the continued shift in dietary preferences, has created a competitive market for whipped cream products. A growing health-conscious customer base has driven the demand for low-fat and sugar-free whipping creams. Many consumers prefer healthier versions of traditionally indulgent products, and brands are responding to this need by introducing reduced-fat or zero-sugar whipping cream variants. Such developments have opened promising growth opportunities for the regional market.
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Increased Demand for Whipped Cream Due to Rise in Demand for Bakery Goods and Desserts
Growing Use of Organic and Plant-Based Products
High Degree of Substitute Competition
Issues with Perishability and Storage
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The major players in the competitive global whipped cream market concentrate their efforts on innovation, variety in products, and sustainability for market share benefits. Large chains are led by some of the big-known brands across the globe, Nestlé, Danone, Lactalis, and enjoy superior distribution networks across many markets. To keep abreast of changes in consumer taste, newer players also make extensive use of plant-based and organic variants. Fierce competition within branding, price and technological progress across this still-growth segment propels the never-ending cycle of innovation and distinction.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global whipping cream market is expected to grow rapidly with increasing demand for baked goods, sweets, and innovative culinary uses. The market is changing due to growing customer demands for high-end, plant-based, and organic products, which is pushing producers to expand their product lines. North America and Europe are the two most important regions; however, new markets in Asia-Pacific offer rich prospects because of urbanization and shifting eating patterns. Improvements in environmentally friendly packaging and the rising demand for flavorful products balance off issues such as perishability, storage constraints, and competition from alternatives. It will grow steadily, as business innovates and evolves with the change in the need of customers and thus gains a significant place in the global food sector.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8.43 Billion |
Market size value in 2032 | USD 18.36 Billion |
Growth Rate | 8.6% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Whipping Cream Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Whipping Cream Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Whipping Cream Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Whipping Cream Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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