Sour Cream Powder Market

Market Overview:

The global sour cream powder market size reached US$ 1,006.10 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,439.20 Million by 2028, exhibiting a growth rate (CAGR) of 6.10% during 2023-2028. The rising demand for convenience foods, the escalating adoption of sour cream powder in the food industry, and the increasing demand for a long shelf life of food items represent some of the key factors driving the market.

Sour cream powder refers to a dehydrated form of the popular dairy product, sour cream. It is produced by removing the moisture from sour cream through drying, resulting in a fine powdered form. Regular cream is often fermented with lactic acid bacteria to produce sour cream, a rich and creamy dairy product. It is frequently used as a topping, condiment, or dip in a variety of culinary dishes due to its tangy and slightly tart flavor. It acts as a practical and adaptable replacement for conventional sour cream. When compared to its liquid form, it can be stored, transported and has a longer shelf life in powder form. The ability of the sour cream powder to preserve the characteristic tangy flavor of sour cream even after dehydration is one of its main benefits. It can nearly resemble the flavor and consistency of fresh sour cream when reconstituted with water or other liquids.

Sour Cream Powder Market Trends:

The escalating demand for convenience foods majorly drives the global market. This can be supported by the widespread adoption of sour cream powder on account of its extended shelf life when compared to traditional sour cream. It can be stored for longer periods without refrigeration, making it ideal for food manufacturers, retailers, and consumers who value convenience and reduced food waste, thus significantly supporting the market. Along with this, the extensive application of sour cream powder in the food industry, including bakery products, snacks, dips, dressings, soups, sauces, and ready-to-eat meals, is positively influencing the market. Therefore, its versatility allows easy incorporation into various recipes, thereby enhancing flavor and texture while providing the characteristic tanginess of sour cream. In addition, the growing popularity of flavored and specialty food products is also propelling the market as sour cream powder serves as a key ingredient in creating a wide range of unique and appealing flavors. Apart from this, manufacturers are developing low-fat and reduced-calorie products into formulations to cater to health-conscious consumers seeking healthier alternatives without compromising taste, thus catalyzing the market. Furthermore, the introduction of plant-based sour cream powders manufactured from ingredients, such as soy, coconut, or cashews, that offer a dairy-free option for catering to the needs of vegan and lactose-intolerant consumers is creating a positive market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global sour cream powder market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on type, end use, and distribution channel.

Type Insights:

• Low-fat
• Regular
   

The report has provided a detailed breakup and analysis of the sour cream powder market based on the type. This includes low-fat and regular. According to the report, regular accounted for the largest market share.

End Use Insights:

• Foodservice
• Food Industry
• Household/Retail
   

A detailed breakup and analysis of the sour cream powder market based on the end use has also been provided in the report. This includes foodservice, food industry, and household/retail. According to the report, foodservice accounted for the largest segment.

Distribution Channel Insights:

• Direct/B2B
• Indirect/B2C
  • Hypermarkets and Supermarkets
  • Specialty Stores 
  • Modern Grocery Stores
  • Online Stores 
  • Others
     

The report has provided a detailed breakup and analysis of the sour cream powder market based on the distribution channel. This includes direct/B2B and indirect/B2C (hypermarkets and supermarkets, specialty stores, modern grocery stores, online stores and others). According to the report, direct/B2B represented the largest segment. 

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for sour cream powder. Some of the factors driving the North America sour cream powder market included the growing demand for convenience foods, continual innovations in the manufacturing processes, rapid urbanization, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global sour cream powder market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Bluegrass Ingredients, Inc., Commercial Creamery Company, Dairy Farmers of America, Inc., Hoosier Hill Farm LLC, Rogers & Company Foods Pty Ltd, The Food Source International Inc., Thrive Life LLC, Tsukuba Dairy Products Co., Ltd. (Shoei Foods Corporation), Varesco Group, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Sour Cream Powder Market Report Scope:

Key Questions Answered in This Report:

• How has the global sour cream powder market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global sour cream powder market?
• What is the impact of each driver, restraint, and opportunity on the global sour cream powder market?
• What are the key regional markets?
• Which countries represent the most attractive sour cream powder market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the sour cream powder market?
• What is the breakup of the market based on the end use?
• Which is the most attractive end use in the sour cream powder market?
• What is the breakup of the market based on the distribution channel?
• Which is the most attractive distribution channel in the sour cream powder market?
• What is the competitive structure of the global sour cream powder market?
• Who are the key players/companies in the global sour cream powder market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the sour cream powder market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global sour cream powder market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the sour cream powder industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.