Dry Cream Substitute Market Scope
Dry creams are used in ice creams, yogurts, cheese, and whipped toppings. It is also used in bread, cakes, and muffins. Dry creams are prepared from milk and contain a high butterfat layer. Hence, consumption in large quantities may develop health issues such as weight gain and health diseases. Furthermore, the increasing inclination of consumers toward healthy and nutritious food is increasing the demand for dry cream substitutes among people. A dry cream substitute is prepared from corn syrup solids, hydrogenated soy oil, and sodium caseinate. Due to its wide range of applications the demand is rising rapidly.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Conagra Foods (United States), Dairy Farmers of America (United States), Marron Foods (United States), Quality Ingredients Corp. (United States), Rich dairy (United States), Dohler (Germany) and Foods co (United States) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dry Cream Substitute market throughout the predicted period.
Conagra Foods (United States), Dairy Farmers of America (United States), Marron Foods (United States), Quality Ingredients Corp. (United States), Rich dairy (United States), Dohler (Germany) and Foods co (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dry Cream Substitute market by Type and Region with country level break-up.
On the basis of geography, the market of Dry Cream Substitute has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In June 2023, Froneri, a leading ice cream manufacturer, announced plans to acquire FrieslandCampina's global cream cheese and milk-based desserts business, including the popular dry cream brand, Friso. This acquisition will expand Froneri's reach in the dairy alternatives market.
In October 2023, Nestlé acquired a majority stake in "Natural Bliss," a Canadian company specializing in plant-based protein creamers. This move signals Nestlé's commitment to the growing plant-based market and its potential impact on the dry cream substitute sector.
Influencing Trend:
Increasing Promotional Activities is contributing to the Market
Market Growth Drivers:
Increasing Demand for Healthy Food Products by Consumers is Fueling the Market and Benefits Such as Increased Nutritional Value and Cooking Performance
Challenges:
Lack of Awareness about the Dry Cream Substitute and Limited Manufacturers of Dry Cream Substitute
Restraints:
The lockdown Imposed due to Coronavirus Pandemic is affecting the Manufacturing of Dry Cream Substitutes as there is a Lack of Workforce
Opportunities:
Increasing Demand for Packed Foods is Boosting the Market and Growing E-Commerce Industry
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others