The Europe Whipping Cream Powder Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
It is anticipated that the market will develop as a result of the rising demand for dairy-based products in several emerging regions. There is a rising demand for better forms of dairy-based goods due to the increased emphasis on health and wellness. As a result, alternatives like whipping cream powder that is low-fat and sugar-free have been created. Whipping cream powder, manufacturers are now offering reduced-fat and sugar formulations that nonetheless have the required taste and texture for consumers who are health-conscious. The expansion of the market is being driven by the creation of such healthier alternatives, which are in line with changing customer preferences and dietary choices.
The region also has a greater demand for bakery goods. The habit of working from home has become widespread in Europe, which has affected the behavior of the majority of consumers. The "snackification" trend, which has gained traction, is anticipated to fuel sales of packaged cakes and dessert mixes. The frequency of family gatherings, social events, and other occasions is also probably going to rise over time, which could be advantageous for cakes in particular. This will likely lead to the introduction of fresh, inventive goods as well as new flavors for cakes as well as dessert mixes. Similarly, processed and packaged flatbread is becoming increasingly popular, partly because it is thought to be more hygienic and has a longer shelf life than flatbread that has not been packaged. Hence, the expanding demand for such products will aid in expanding the regional market throughout the forecast period.
The Germany market dominated the Europe Whipping Cream Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $114.2 Million by 2030. The UK market is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The France market is expected to witness a CAGR of 7.7% during (2023 - 2030).
Based on Source, the market is segmented into Dairy, and Non-Dairy. Based on Application, the market is segmented into Bakery & Confectionery, Ice-cream & Frozen Desserts, Beverages, and Others. Based on Type, the market is segmented into Sweetened, and Unsweetened. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Whipping Cream Powder Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Kraft Heinz Company, The Food Source International, Inc, weikfield foods pvt. Ltd., General Mills, Inc. (Betty Crocker), AussieBlends LLC, Dr. August Oetker KG, Yaffa's Kitchen Pty Ltd, Hoosier Hill Farm LLC (Saco Foods), Royal FrieslandCampina N.V. and Swiss Bake Ingredients Pvt. Ltd.
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