Dairy Cream Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.43 Billion |
| Market Size (2029) | USD 18.45 Billion |
| CAGR (2024 - 2029) | 3.64 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dairy Cream Market Analysis
The Dairy Cream Market size is estimated at USD 15.43 billion in 2024, and is expected to reach USD 18.45 billion by 2029, growing at a CAGR of 3.64% during the forecast period (2024-2029).
Consumers are willing to opt for low-calorie cream cheese with cleaner ingredients or no artificial ingredients for flavoring and coloring, as well as higher protein content and an improved nutritional profile. Since it is ideal for keto dishes owing to its nutritional value and also used to enhance the taste and preference of the consumers.
Increased government-run health and wellness campaigns aimed at combating obesity and other health-related problems such as diabetes, high blood pressure, heart disease, and high cholesterol are encouraging consumers to buy healthier products like low-fat dairy creams. Companies entering this market are expected to have a high potential due to consumers' preference for functional/organic products. For example, Schulz organic dairy provides pure dairy cream, which is increasingly popular among Australian consumers.
Manufacturers engaged in the business of dairy cream emphasize new product development with a complete solution from which they satisfy several types of cooking requirements like restaurants, hotels, and homes. The nutrition aspect of the product appears to be the primary focus of the producers by offering pasteurized milk and cream, especially low-fat cream. Increasing health awareness among consumers has led to the demand for low-fat dairy creams in the global market.
However, increasing penetration from manufacturers towards plant-based cream products can hinder the potential market for dairy cream over the forecast period. For instance, In February 2023, Alamance Foods launched three distinct flavors of dairy-free substitutes for whipped cream such as oat, almond, and coconut.
Dairy Cream Market Trends
Increasing Demand for Sour Cream
Owing to the prevalence of lactose intolerance in various parts of the world has led to the demand for lactose-free sour cream. Demand for lactose-free organic sour cream is primarily driven by the rising consumption of baked goods and savory foods, which benefit from their lightening properties.
Moreover, healthy eating is a market trend that drives demand for lactose-free and organic sour cream products. The increased availability of lactose-free dairy products and their consumer acceptance represents a significant opportunity for dairy alternative manufacturers. In addition, consumers' growing cholesterol problem has paved the way for the demand for fat-free, low-fat, and other sour cream products which might in shaping the overall market for dairy cream.
Furthermore, the dairy industry's increasing emphasis on research and development activities is spurring new product innovations and product enhancement, benefiting the dairy cream market. For instance, in August 2021, Good Culture launched a lactose-free line and a squeezable, classic sour cream pouch. The products are made with simple ingredients, including gut-friendly live and active cultures as well as pasture-raised milk sourced from small farms in the Midwest. The products can be availed from retailers across the United States.
Gulf Cooperation Council Countries to Witness Steady Growth
The Gulf Cooperation Council dairy cream market is being driven by the region's growing population as well as rising disposable incomes. Consumers are increasingly demanding innovative and high-quality products such as vitamin-enriched, low-fat, or sugar-free options. The citizens of the Gulf Cooperation Council countries are also becoming more aware of the health benefits of dairy-based creams.
The Kuwaiti dairy industry is witnessing an increasing prevalence of strategic partnerships and alliances between dairy companies to alleviate the shortage of dairy products in the country. Companies like Arla Foods are also investing in production facilities and implementing expansion strategies to expand their dairy production facilities. Arla Foods is also developing its sales and distribution in Lebanon, Qatar, and Kuwait to expand its dairy capacity in such countries. Such partnerships play a prominent role in dairy companies' development, maintaining their quality of performance and competitiveness in the market. Thus, the increasing number of strategic initiatives, especially partnerships, and alliances between companies to revolutionize the dairy market in Kuwait, is, in turn, boosting the market's growth in the country.
Dairy Cream Industry Overview
The dairy cream market is highly competitive as it comprises regional and international competitors. The leading players in the market enjoy a dominant presence worldwide. These players focus to leverage opportunities posed by emerging markets to expand their product portfolio so that they can cater to the requirements of various product segments, especially sour cream, fresh cream, and whipping cream. Companies compete on different factors, including product offerings, quality, price, functionality, size, packaging, and marketing activities, to gain a competitive advantage in the market. Key players in the market include Dairy Farmers of America Inc., Fonterra Co-operative Group, Arla Foods, Agropur Cooperative, Gujarat Co-operative Milk Marketing Federation Ltd (Amul), and Nestle SA.
Key players in this market are now focusing on social media platforms and online distribution channels for the online marketing and branding of their products to attract more customers. For instance, in January 2023, The Bega Group expanded its product offerings and introduced cream cheese products derived from locally sourced milk. The product can be suitable for baking and cooking recipes and also ideal for snacking as a spread. The Bega Cream Cheese can be purchased from Woolworths and independent stores in Australia.
Dairy Cream Market Leaders
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Fonterra Co-operative Group
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Dairy Farmers of America Inc.
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Arla Foods
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Agropur Cooperative
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Gujarat Co-operative Milk Marketing Federation Ltd (Amul)
*Disclaimer: Major Players sorted in no particular order
Dairy Cream Market News
- In January 2023, Woodlands Dairy launched a new Ultra Heat Treatment (UHT) whipping cream. The claims that its product is suitable for various applications such as desserts, cakes, milkshakes, pies, waffles, warm drinks, and others. The launch of the product is to satisfy the growing demand for whipping cream both locally and internationally.
- In April 2021, Prairie Farms Dairy introduced 18 cream cheese and ice cream products. The products are derived from 100% real milk and cream that are sourced from local farm families. The company introduced a total of 6 cream cheese flavors in 3.5 Oz right-size cups and 12 ice-cream flavors in pint cartoons in the market.
- In January 2021, Fauji Foods Limited expanded its product offering with the launch of Nurpur dairy cream in the House of Nurpur Family brand. The company claims that its product is rich, wholesome, and a pure cream delight which is an ideal choice for the paratha and dessert applications.
Dairy Cream Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Fresh Cream
- 5.1.2 Thickened Cream / Heavy Cream
- 5.1.3 Whipping Cream
- 5.1.4 Sour Cream
- 5.1.5 Other Types
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5.2 Distribution Channel
- 5.2.1 Supermarkets/ Hypermarkets
- 5.2.2 Convenince Stores
- 5.2.3 Online Retail Stores
- 5.2.4 Other Distribution Channels
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Spain
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Germany
- 5.3.2.5 Russia
- 5.3.2.6 Italy
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 South Africa
- 5.3.5.2 United Arab Emirates
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies Adopted by Leading Players
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Dairy Farmers of America Inc.
- 6.3.2 Fonterra Co-operative Group
- 6.3.3 Dean Foods Company
- 6.3.4 The Kraft Heinz Company (Lactalis)
- 6.3.5 Arla Foods
- 6.3.6 Nestle S.A.
- 6.3.7 Graham's Family Dairy
- 6.3.8 Gujarat Co-operative Milk Marketing Federation Ltd (Amul)
- 6.3.9 Saputo Inc.
- 6.3.10 Schreiber Foods
- 6.3.11 Agropur Cooperative
- 6.3.12 Woodlands Dairy
- 6.3.13 Fauji Foods Limited (Nurpur)
- 6.3.14 Prairie Farms Dairy
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityDairy Cream Industry Segmentation
The cream is a dairy product prepared from milk and has a certain level of saturated fat content. It can be used in a variety of recipes and dishes such as spicy, sweet, and salty, sauces, ice cream, and various others. The dairy cream market is segmented into type, distribution channels, and geography. Based on type, the market is segmented into fresh cream, thickened cream/heavy cream, whipping cream, sour cream, and other types. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Type | Fresh Cream | |
| Thickened Cream / Heavy Cream | ||
| Whipping Cream | ||
| Sour Cream | ||
| Other Types | ||
| Distribution Channel | Supermarkets/ Hypermarkets | |
| Convenince Stores | ||
| Online Retail Stores | ||
| Other Distribution Channels | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Spain |
| United Kingdom | ||
| France | ||
| Germany | ||
| Russia | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| United Arab Emirates | ||
| Rest of Middle East & Africa |
Dairy Cream Market Research FAQs
How big is the Dairy Cream Market?
The Dairy Cream Market size is expected to reach USD 15.43 billion in 2024 and grow at a CAGR of 3.64% to reach USD 18.45 billion by 2029.
What is the current Dairy Cream Market size?
In 2024, the Dairy Cream Market size is expected to reach USD 15.43 billion.
Who are the key players in Dairy Cream Market?
Fonterra Co-operative Group, Dairy Farmers of America Inc., Arla Foods, Agropur Cooperative and Gujarat Co-operative Milk Marketing Federation Ltd (Amul) are the major companies operating in the Dairy Cream Market.
Which is the fastest growing region in Dairy Cream Market?
Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dairy Cream Market?
In 2024, the Europe accounts for the largest market share in Dairy Cream Market.
What years does this Dairy Cream Market cover, and what was the market size in 2023?
In 2023, the Dairy Cream Market size was estimated at USD 14.89 billion. The report covers the Dairy Cream Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dairy Cream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dairy Cream Industry Report
Statistics for the 2024 Dairy Cream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dairy Cream analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
