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Procured from milk, fresh cream is a dairy product that has various functional properties such as enhancing the flavour, providing a rich consistency and helps in emulsification. It is used on its own as well as a base within numerous cuisines across the world. Moreover, fresh cream can also be accompanied with fruits, yoghurts, sauces, curries, cheese, ice creams, etc. A new research report by IMARC Group, titled “Global Fresh Cream Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of around 3.5 Million Metric Tons in 2017. The report further anticipates the market to cross a volume of 4 Million Metric Tons by 2023, at a projected CAGR of more than 2% over the forecast period.
Market Drivers/Constraints:
Regional Insights:
On a geographical front, Asia, Europe, Middle East and Africa, North America and South America. Currently, Europe represents the largest consumer of fresh cream accounting for the majority of the total market share.
Competitive Landscape:
The market is highly fragmented with the presence of both small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:
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