Whipping Cream Market Size - By Source (Dairy, Non-Dairy), Type (Fresh Premix), End use (Bakery and Confectionery, Desserts, Beverages), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online), Regional Outlook & Global Forecast, 2023-2

Whipping Cream Market Size - By Source (Dairy, Non-Dairy), Type (Fresh Premix), End use (Bakery and Confectionery, Desserts, Beverages), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online), Regional Outlook & Global Forecast, 2023-2032

Whipping cream market size is projected to expand at over 5.5% CAGR from 2023 to 2032. The increasing popularity of gourmet desserts and the rising trend of home baking is fueling the demand for high-quality whipping cream. The growing emphasis of the foodservice sector to acquire premium ingredients is further driven by the rising consumer preference for indulgent and creamy textures in desserts and beverages.

The focus of the dairy industry on innovations as well as introducing flavored and plant-based whipping cream options is helping in meeting the diverse consumer preferences and dietary choices. For instance, in November 2022, Califia Farms, a dairy alternative manufacturer, launched Heavy Whip, its latest plant-based dairy substitute for providing consumers with a plant-based alternative with similar consistency and functionality as conventional heavy cream. Additionally, the growing adoption of whipping cream in both sweet and savory dishes along with its versatile application scope in culinary creations will boost the product consumption.

The whipping cream industry is bifurcated into type, source, end-use, distribution channel, and region.

Based on source, the market value from the non-dairy segment is projected to exhibit 5.8% CAGR through 2032, attributed to the increasing demand for plant-based alternatives. The growing consumer preference for lactose-free and vegan options is prompting the rise in plant-based diets. The expanding need for plant-based culinary alternatives will also add to the segment expansion.

With respect to type, the premix whipping cream market is estimated to attain 5.7% CAGR from 2023 to 2032. The growth is due to the increasing demand for convenient and ready-to-use whipping cream solutions. Premix whipping creams offer ease of use and time efficiency for catering to consumers and businesses seeking hassle-free options for culinary applications.

Regionally, the Europe whipping cream industry is forecasted to grow at 5.7% CAGR through 2032, due to the rich culinary traditions and the increasing demand for premium dairy products. The rising consumer interest in high-quality ingredients along with the increasing popularity of desserts and pastries will accelerate the product adoption. Moreover, the versatile usage of whipping cream in both sweet and savory European cuisines will also compliment the regional market expansion.