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The global fresh cream market size reached 8.5 Million Metric Tons in 2021. Looking forward, IMARC Group expects the market to reach 10.8 Million Metric Tons by 2027, exhibiting a growth rate (CAGR) of 3.95% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Fresh cream is a dairy product prepared by boiling and sterilizing milk at a high temperature. It is ivory in color, velvety in texture, luscious in taste, and richer than milk. It is used as a key ingredient in food products to enhance flavor and provide a thicker consistency. It is an excellent source of calcium, phosphorus and vitamin B2 that promotes the development of red blood cells (RBC), boosts the immune system, and maintains overall health. Besides this, it helps strengthen bones and teeth, improves brain functioning, and provides energy. As a result, fresh cream is extensively used in domestic and commercial applications across cafes, hotels, restaurants, and bakeries.
A significant rise in the food and beverage (F&B) industry represents one of the key factors positively influencing the market. It can also be attributed to the extensive applications of fresh cream in preparing ice cream, shakes, sauces, pasta, custards, and sandwiches. In addition, the growing global population is driving the demand for dairy and baked food products, which, in turn, is creating a positive outlook for the market. Apart from this, fast-paced lifestyles and changing dietary patterns of individuals are catalyzing the demand for fast food and ready-to-eat (RTE) products prepared with fresh cream. Additionally, the increasing consumption of alcoholic beverages, especially among the millennial population, is contributing to market growth. Along with this, the emerging trend of food vlogging and the rising use of fresh cream in the cosmetic industry to formulate personal care products are offering lucrative growth opportunities to manufacturers. Furthermore, the rising health awareness among individuals is propelling market players to introduce low-fat and vegan fresh creams. Besides this, the expansion of organized distribution channels, including supermarkets, hypermarkets, convenience stores, and departmental stores, is driving the market. The proliferation of the e-commerce industry that offers free doorstep delivery, exciting deals and discounts, and online payment methods is also augmenting the market growth. Moreover, increasing investments by the key market players in promotional activities to expand their consumer base and market reach are propelling the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global fresh cream market report, along with forecasts at the global and regional level from 2022-2027.
On a regional level, the report has analyzed the fresh cream market in the following regions – Asia, Europe, North America, South America, and Middle East & Africa. According to the report, Europe is currently the biggest producer of fresh cream. For each of the regions, this report provides both historical (2016-2021) and future (2022-2027) trends in the fresh cream market.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
The report also provides a detailed technical insight on setting up and operating a fresh cream manufacturing plant. This includes the manufacturing process, machinery requirements, land requirements, labor requirements, packaging requirements, transportation requirements, power requirements, incomes, expenditures, profit margins, NPV, IRR, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyze the complete information and change various inputs according to their requirements.
The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the fresh cream industry. This ranges from a macro overview of the market to micro details of the industry performance, manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the fresh cream industry.
The outbreak of the coronavirus disease (COVID-19) has resulted in disrupted supply chains and a shortage of adequate workforce, which, in turn, is negatively impacting the market growth.
The global fresh cream market reached a volume of 8.5 Million Metric Tons in 2021.
According to the estimates by IMARC Group, the global fresh cream market is expected to grow at a CAGR of 3.95% during 2022-2027.
Fresh cream is extensively utilized for preparing custards, pasta, ice-cream, shakes, sauces and sandwiches. The rising demand for these food items on account of inflating disposable incomes, hectic lifestyles and changing dietary patterns is bolstering the market growth significantly.
Leading players are focusing on the launch of unique and innovative product variants to expand their consumer base, which represents one of the major trends in the market.
On the geographical front, the market has been segmented into Europe, North America, Asia Pacific, South America, and Middle East and Africa.
Leading industry players are Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Danone S.A., Dairy Farmers of America, Inc. and Sodiaal S.A.
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