Global Whipped Topping Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Whipped Topping Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Whipped topping can refer to a variety of different creamy dessert garnishes, which is perfect for putting the finishing touches on cakes, puddings, pies, and even fresh fruit for a delicious and refreshing dessert. Whipped topping contains stabilizers that help it keep its shape, making it a better option as a topping or for folding into certain baked goods.

Market Overview:

The latest research study on the global Whipped Topping market finds that the global Whipped Topping market reached a value of USD 4174.32 million in 2022. It’s expected that the market will achieve USD 7087.57 million by 2028, exhibiting a CAGR of 9.22% during the forecast period.

The impact of the Russia-Ukraine War on the Whipped Topping industry mainly focuses on the following aspects. The first is Dairy Whipped Cream's upstream raw material dairy industry and grain production are limited. Secondly, Whipped Topping's packaging manufacturers and logistics transportation were affected by the war. Furthermore, many retailers and food service providers downstream of the industrial chain could not escape the devastation of the war, and the economic capacity of individual consumers also declined severely.

Financial Barriers

In order to ensure sustainable competitiveness, enterprises in the Whipped Topping industry need to continuously increase investment in product research and development with the continuous changes in market demand and the continuous development of seasoning food and baking ingredients.
Whipped Topping is a consumer product as an ingredient for baked goods. Its sales channel is not only a terminal for enterprises to realize sales revenue, but also a direct way to transmit product information to consumers. At the same time, the construction and marketing of the marketing network also require a certain amount of financial strength.
Therefore, a large amount of capital investment in the purchase of production equipment, technology research and development, and marketing in the Whipped Topping industry will form a relatively high capital threshold for industry entrants.

Analysis of Technical Barriers

The Whipped Topping industry has the characteristics of a wide variety, high process requirements, short product cycles, and fast replacement.
At present, well-known enterprises in the industry have strong R&D teams and mature patented and non-patented technologies. They are able to develop, innovate and produce a variety of products according to market demand, keeping customers fresh in the company's products.
Due to the lack of research and development capabilities of new entrants in the industry, and it takes a long time to establish a mature research and development team, it is more difficult to maintain continuous product updates. Technical issues such as research and development capabilities have become important barriers to entering the industry.

Region Overview:

In 2022, the share of the Whipped Topping market in Europe stood at 33.16%.

Company Overview:

Kraft Heinz, Conagra Brands, Fonterra were the top 3 players in the Whipped Topping market in 2022, taking up a market share of 27.48% together.

The Kraft Heinz Company is the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world, with eight $1 billion+ brands. A globally trusted producer of delicious foods, The Kraft Heinz Company provides high quality, great taste and nutrition for all eating occasions whether at home, in restaurants or on the go.

Conagra Brands, Inc. is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments.

Segmentation Overview:

By type, Dairy Whipped Cream segment accounted for the largest share of market in 2022.

Non-Dairy Whipped Cream

Non-Dairy Whipped Cream uses water, sugar, edible vegetable oil, etc. as the main raw materials, with or without other auxiliary materials and food additives. Non-Dairy Whipped Cream is a product made through ingredients, emulsification, sterilization, homogenization, cooling, filling and other processes.

Dairy Whipped Cream

Dairy Whipped Cream uses milk as raw material, separates the fat-containing part, adds or does not add other raw materials, food additives and nutritional fortifiers, and processes it into a product with a fat content of 10% to 80%.

Application Overview:

The market's largest segment by application is the segment Food Service, with a market share of 81.28% in 2022.

Retailer

Retailers can provide consumers with goods and services, mainly shopping malls, supermarkets, grocery stores, convenience stores, etc. Retailers are the main way for individual consumers to purchase Whipped Topping. Consumers can choose different styles, sizes and brands of Whipped Topping in retail stores, which is convenient for consumers to choose and compare.

Food Service

Food Service includes businesses, institutions and companies that prepare meals outside the home. Restaurants, hotels or dessert shops will use Whipped Topping as a baking ingredient or condiment. Many restaurants, dessert shops, bakery and coffee shop use large quantities of Whipped Topping for their desserts and delicacies.

Key Companies in the global Whipped Topping market covered in Chapter 3:

Westland Milk Products
Fonterra
KFI
Kraft Heinz
Namchow Group
Rich Products
Nestlé SA
Fuji Oil Holdings Inc
Good Food Group
Conagra Brands
Rise Baking Company
Hanan Products
Hiroad Food

In Chapter 4 and Chapter 14.2, on the basis of types, the Whipped Topping market from 2018 to 2029 is primarily split into:

Non-Dairy Whipped Cream
Dairy Whipped Cream

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Whipped Topping market from 2018 to 2029 covers:

Retailer
Food Service

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)