Cream Powder Market By Source (Dairy-based, Plant-based), By Type (Sweet Cream Powder, Sour Cream Powder), By End User (Bakery Industry, Dairy Industry, Others), By Sales Channel (B2B, B2C): Global Opportunity Analysis and Industry Forecast, 2021-2031

Cream Powder Market By Source (Dairy-based, Plant-based), By Type (Sweet Cream Powder, Sour Cream Powder), By End User (Bakery Industry, Dairy Industry, Others), By Sales Channel (B2B, B2C): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global cream powder market size was valued at $4.8 billion in 2021 and is projected to reach $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. Fresh cream and milk are combined to form a cream powder, which is then pasteurized, and spray-dried, to produce a naturally rich cream powder. Another non-dairy option for people with lactose intolerance is coconut cream powder, which is created from the mature coconut's essence and has a moderate coconut flavor. In the food processing sector, cream powder is typically used to make a variety of items, including ice cream, chocolate, sweets, biscuits, and baked goods. When compared to ultra-heat-treated (UHT) milk and fresh cream, cream powder's distinctive qualities—good dispersibility, solubility, flavor, high-fat content, simplicity of handling, and storage—allow it to be used in a variety of applications.

The COVID-19 pandemic resulted in a negative effect on the cream powder market as the bakery, and HoReCa industries are being shut down. For instance, according to the report of the U.S. Department of Agricultural Services, the COVID-19 pandemic has negatively affected the Chinese bakery sector via disruptions to production and distribution. Both packaged and unpackaged baked goods have suffered, though the unpackaged segment has been hit harder due to shorter shelf life, consumers’ limited access to retail outlets, and increased concerns about food hygiene during the pandemic.

Consumers' preference for out-of-home consumption is shifting, and it is expanding rapidly. The tendency of consumers to enjoy eating away from home is anticipated to present particular difficulties for market participants. All occasions when a consumer eats a meal outside the house are considered out-of-home consumption. The market for cream powder is anticipated to expand at a quick rate during the projected period due to changes in consumer eating patterns, which present chances for industry participants to produce the new cream powder. Additionally, the growing desire for natural products among consumers is anticipated to fuel the development of the cream powder market.

The growing prevalence of lactose sensitivity may reduce consumer demand for cream powder. For instance, 60% of the world's population cannot metabolize the lactose found in animal milk, according to a National Health Portal of India article. Since plant-based cream powder is another non-dairy option for consumers who suffer from lactose intolerance, market participants hope that it will help them overcome this limitation on the cream powder market. The lactose intolerant population is anticipated to be drawn to the plant-based cream powder being given by various market participants, which is anticipated to increase demand for the cream powder market.

The rise in the vegan population globally owing to the growing concern for the environment as well as animals is expected to create an opportunity for the growth of the cream powder market in the near future. For instance, according to a survey commissioned by the Vegan Society, the number of vegans in the UK quadrupled between 2014 and 2018. In 2019, there were 6,00,000 vegans, around 1.16% of the population. Veganism has led to a corresponding increase in the amount of money that people are willing to spend on the purchase of vegan products. Such a rise in the vegan population coupled with plant-based cream powder being offered by market players such as coconut cream powder which is another non-dairy solution for lactose intolerant consumers made from the essence of mature coconuts and has a mild coconut flavor is expected to create an opportunity for market growth.

The outbreak of COVID-19 has negatively affected manufacturing activities and disrupted the distribution network of the cream powder market globally. People were forced to stay in their homes to limit the spread of the disease. The government’s stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. All the major key players and other sales channels were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period.

The cream powder market is analyzed based on source, type, end-user, sales channel, and region. As per the source, the market is segmented into dairy-based and plant-based. According to type, the market is classified into sweet cream powder and sour cream powder. Depending on the end-user, the market is categorized into the bakery industry, dairy industry, and others. By sales channel, the market is segmented into B2C and B2B sales channels. The sweet cream powder and sour cream powder segments are further bifurcated into less than 30% fat,  30% to 60% fat, and above 60% fat. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key leading players operating in this market include A The Food Source International, Inc., Arion Dairy Products B.V., Bluegrass Ingredients, Inc., Fonterra Co-operative Group Limited, Commercial Creamery Company, Shandong Tianjiao Biotechnology Co., Ltd., County Milk Products, Revala Ltd., Shenzhen Oceanpower Food Equipment Tech Co., Ltd., and WillPowder, LLC.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cream powder market analysis from 2021 to 2031 to identify the prevailing cream powder market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cream powder market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cream powder market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Source

Dairy-based
Sub Segment
Less than 30% Fat
30% to 60% fat
Above 60% fat
Plant-based

By Type

Sweet Cream Powder
Sour Cream Powder

By End User

Bakery Industry
Dairy Industry
Others

By Sales Channel

B2B
B2C

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
New Zealand
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
Rest of LAMEA

Key Market Players

The Food Source International, Inc.
Arion Dairy Products B.V.
Bluegrass Ingredients, Inc.
Fonterra Co-operative Group Limited
Commercial Creamery Company
Shandong Tianjiao Biotechnology Co., Ltd.
County Milk Products
Revala Ltd.
Shenzhen Oceanpower Food Equipment Tech Co., Ltd.
WillPowder, LLC.

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