The North America Whipping Cream Powder Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
Whipping cream powder is used in a variety of baked goods, sweets, and frozen desserts, among other food products. Cake mixes, cookies, mousses, pastries, ice creams, as well as other desserts all contain it as a key ingredient. Whipping cream powder is a favorite among food makers and chefs because it offers ease, a long shelf life, and uniform quality. It is anticipated that the expanding market will be aided by the rising use of whipped cream powder in such applications. A number of causes, including the rise in cooking programs, the influence of social media, and the increased demand for handcrafted and artisanal food products, have contributed to the considerable increase in the popularity of baking and pastry-making across the region.
In 2019, Facebook, the biggest social media network, had 2.4 billion members. Over one billion people each used YouTube and WhatsApp, two additional social media services., there were 7.7 billion individuals in 2019, with a minimum of 3.5 billion of them online. This indicates that more than two-thirds of all internet users and one in three persons utilize social media platforms. Whipping cream powder, which gives sweets, cakes, and other confections stability, texture, and creaminess, is a practical and adaptable component used in a variety of baking and pastry recipes.
American consumers consumed 667 pounds on average of dairy products with milkfat in 2021. The consumption of yogurt also climbed at the quickest pace in the past ten years. Similarly, yogurt consumption has gradually climbed in Canada over the past ten years and increased by 43.7% between 2007 and 2016, from 7.66 to 11.01 liters per person. Fortified ice creams and frozen yogurt is becoming one of the most popular dairy products in Canada due to growing consumer interest in ingredients like probiotics. Because of this, nonfat variants of whipped cream powder are expanding the fastest in these developed countries. The self-serve method is also quickly gaining popularity. Therefore, the market will benefit from increased ice cream and frozen yogurt demand because of all these elements.
The US market dominated the North America Whipping Cream Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $322.1 Million by 2030. The Canada market is poised to grow at a CAGR of 9.5% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8.5% 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 U.S., Mexico, Canada, and Rest of North America.
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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