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Data Bridge Market Research analyses that the non-dairy whipping agents market was valued at 0.4 billion in 2021 is expected to reach the value of USD 0.56 billion by 2029, at aw CAGR of 4.4% during the forecast period of 2022 to 2029.
"Global Non-dairy whipping agents market Market research report gives detailed market insights with which visualizing market place clearly become easy. The market report endows with an utter background analysis of the industry along with an assessment of the parental market. This market research report puts forth the comprehensive analysis of the market structure and the estimations of the various segments and sub-segments of the industry. The process of formulating Non-dairy whipping agents market Market report is initiated with the expert advice and the utilization of several steps. To perform several estimations and calculations, the definite base year and the historic year are considered as a support in the report.
Detailing about the actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values is also conducted in the Non-dairy whipping agents market Market business report. The report contains key information about the industry, market segmentation, important facts and figures, expert opinions, and the latest advancements happening across the globe. This market report surely assists in the journey to accomplish the business growth and success. Employment of well-known statistical tools and coherent models for analysis and forecasting of market data makes Non-dairy whipping agents market Marketing report outperforming.
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Non-dairy whipping agents are liquid formulations or spray dried powders that, when combined with water or milk and whipped, produce whipped cream with a desirable texture and flavour. Non-dairy whipping agents are also highly modifiable because their function is not dependent on the presence of dairy cream.
Non-Dairy Whipping Agents Market Dynamics
Drivers
- Rising consumption of confectionaries around the world and growing lactose intolerant population
Significant growth in the food and beverage industry around the world is one of the key factors driving the market's positive outlook. Furthermore, growing lactose intolerant population, rising consumption of cupcakes, ice cream, sundaes, hot chocolate, milkshakes, and puddings, particularly among millennials, is propelling market growth. In line with this, the introduction of premium bakeries and confectionery boutiques offering customised and intricately designed cakes and pastries is also helping to drive market growth. Non-dairy whipping agents are a popular decorative ingredient in a wide range of delicacies, themed desserts, and signature confectioneries.
- Rising cases of food borne diseases
As people become more health-conscious, there will be a greater demand for light non-dairy whipping agents with lower fat contents, which will drive market growth. Furthermore, the introduction of flavour-infused whipped creams is expected to increase demand. Furthermore, product innovations like the introduction of sugar-free, organic, and vegan non-dairy whipping agents in new flavours are driving market growth. Other factors such as rising consumer spending power and easy product availability through online retail channels are expected to drive the market forward. Social media plays an important role in product demand because of the growing number of food bloggers and the availability of food-related videos and posts about utilizing non-dairy whipped cream as decorative agent.
Opportunity
The growing chain of fast full service, casual restaurants and fast food restaurants are the main drivers of the global whipped cream market. Furthermore, an increase in disposable income, a higher standard of living, a shift in lifestyle, and an increase in consumer demand for healthy foods with exotic flavours are driving demand in the global non-dairy whipped cream market. Cream market players are introducing new products in a variety of flavours such as strawberry, coconut, and so on. The global cream market attests to a trend in packaging and environmental projects in terms of material resources. Biodegradable and bioplastic materials have emerged as the preferred solution in the cream packaging industry all over the world.
Global Non-Dairy Whipping Agents Market Scope
The non-dairy whipping agents market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Non-Dairy Whipping Agents Market Regional Analysis/Insights
Asia-Pacific dominates the non-dairy whipping agents market due to the region's increasing adoption by the food and beverage industries. Europe is expected to grow from 2022 to 2029 due to increased product demand in countries such as the United Kingdom, Belgium, Germany, the Netherlands, and France, as well as increased use of whipped creams in pancakes, coffee and cakes.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Major Points Covered in TOC:
Non-dairy whipping agents market Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Non-dairy whipping agents market Market portions by application, study goals, and years considered.
Non-dairy whipping agents market Market Landscape: Here, the opposition in the Worldwide Non-dairy whipping agents market Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.
Non-dairy whipping agents market Profiles of Manufacturers: Here, driving players of the worldwide Non-dairy whipping agents market Market are considered dependent on deals region, key items, net edge, income, cost, and creation.
Non-dairy whipping agents market Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Non-dairy whipping agents market Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.
Non-dairy whipping agents market Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Non-dairy whipping agents market Market.
Non-dairy whipping agents market Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.
Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.
Some of the major players operating in the non-dairy whipping agents market are:
- Arla Foods amba (Denmark)
- GCMMF (India)
- Land O'Lakes, Inc. (US)
- Royal FRIESLANDCAMPINA NV (Netherlands)
- Groupe Lactalis (France)
- Agropur (Canada)
- Dairy Farmers of America, Inc. (US)
- Saputo Inc. (Canada)
- Organic Valley (US)
- Fonterra Co-operative Group Limited (US)
- ASF SE (Germany)
- Cargill, Incorporated (US)
- Kerry group plc (Ireland)
- Conagra Brands (US)
- Rich Products & Solutions Pvt Ltd (US)
By Type (Liquid Formulations, Spray Dried Powders), Application (Confectionary, Bakery, Desserts, Other)
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