Cream Market For Food Service Industry Market Size, Share & Growth Analysis Report 2032

Cream Industry Prospective:

The global cream market size was worth around USD 18.96 billion in 2023 and is predicted to grow to around USD 27.01 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.01% between 2024 and 2032.

The report covers a forecast and analysis of the cream market for the food service industry on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).Request Free Sample

Cream Market: Overview

The dairy product, the cream has a fat content of more than 10%. In the manufacturing of cream, milk is separated into skimmed milk and cream. It is then standardized to the desired fat content. The different types of creams are distinguished by the type of heat treatment i.e. pasteurized or UHT cream. The cream has various functional properties such as providing a rich consistency, enhancing the flavor, and emulsification. Cream produced from natural pasture or grazing cattle often contains some natural carotenoid pigments derived from the plants they graze on which gives the cream a slight yellow tone which is also the origin of butter's yellow color.

The fat-free cream is widely incorporated as an essential substitute for other products such as Greek yogurt, cheese, and other products and is gaining immense popularity among health-conscious consumers. Population growth, changing dietary habits, and availability in many varieties are the key drivers for increasing demand for the product. Due to rising disposable income, changing dietary patterns, rising health consciousness, and hectic lifestyles among consumers, there has been a shift towards convenient and healthy food products. This is acting as a factor adding to the growth of the global cream market for food service industry. However, the soaring population of individuals that are lactose intolerant and vegans is posing a major threat to the market growth. Certain ethnic groups such as the Asian population are more affected by lactose intolerance as compared to others. The demand for lactose-free food products will augment owing to the increase in incidences of food allergies and intolerances.

The study includes drivers and restraints for the cream market for the food service industry along with the impact they have on the market demand over the forecast period. Additionally, the report includes the study of opportunities available in the cream market for the food service industry on a global level.

In order to give the users of this report a comprehensive view of the cream market for the food service industry, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses market attractiveness analysis, wherein the food service channel segment and cream type segment are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and cream type portfolio of various companies according to the region.

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Cream Market: Segmentation

The study provides a decisive view of the cream market for the food service industry by segmenting the market based on cream type, food service channel type, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on the cream type, the market is segmented into dairy cream and vegetable cream. The dairy cream market is further segmented into fresh cream, whipping cream, half-and-half cream, sour cream, double cream, and others. The vegetable cream is further segmented into soybean, coconut, palm kernel, and others.

Based on food service channel the market is segmented into restaurants, cafes, hotels/ motels, functional caterers, bakeries and pastries, and pubs.

Cream Market: Report Scope

Cream Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries. 

Europe is by far the leading cream market for the food service industry. As per the European Dairy Association, in north-western Europe, the dairy business is ruled by large firms. Germany and France have few large dairy firms and quite a large number of medium and small dairy farms. Europe is followed by the North American cream market for the food service industry, as dairy items make imperative commitments to the American eating routine. The Asia Pacific is anticipated to witness the fastest growth during the forecast period. Lifestyle changes of the consumers, increasing purchasing power, and rapid urbanization are some of the major factors driving the market growth in the Asia Pacific. However, despite being the biggest market globally and enrolling the speediest development as of late, per capita utilization of dairy in the Asia Pacific lags behind the rest of the world.

Cream Market: Competitive Analysis

The global cream market is dominated by players like:

• Nestlé S.A.
• Danone
• Cabot Creamery Cooperative, Inc.
• Fonterra Co-operative Group
• Uelzana Group
• Meggle AG
• Starbucks Corporation
• Arby’s
• Applebee's
• Auntie Anne’s LLC
• A&W Restaurants, Inc.
• McDonald’s Corporation

This report segments the global cream market for the food service industry as follows:

By Cream Type Segment Analysis

• Dairy Cream
  • Fresh Cream
  • Whipping Cream 
  • Half and Half Cream
  • Sour Cream
  • Double Cream
  • Others
• Vegetable/Blended Cream 
  • Soybean
  • Coconut
  • Palm Kernel
  • Others

By Food Service Channel Type Segment Analysis

• Restaurants
• Cafes
• Hotels/Motels
• Functional caterers
• Bakeries & Pastries
• Pubs

By Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa