The Asia Pacific Whipping Cream Powder Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
The increase in the number of vegans in the region as a result of increased environmental and animal welfare concerns has substantially supported the growing demand for non-dairy whipping cream powders. The rise in ice cream and frozen dessert consumption per capita, the acceleration of the trend toward out-of-home food consumption, the rise in consumers with lactose intolerance, and the expanding trend toward product premiumization are some additional factors driving the development of the market over the course of the forecast period.
In addition, consumers are moving away from synthetic components or additives in food products in favor of natural ingredients, which is attributed to a rise in demand for whipped cream powder. Growing disposable income of people in middle-class income groups and the rising population in developing countries are some of the other major factors propelling the market's expansion. The demand for creamy, rich, and natural flavor whipped cream powder products is anticipated to drive the growth of the market during the forecast period. Companies are also vying for various government certifications to gain a competitive edge, expand their customer base by offering novel products, and satisfy this demand.
The region has a developed dairy industry owing to major producers of dairy like India and China. India is the world's top producer of milk, accounting for 24% of all milk produced worldwide in 2021–2022, according to Invest India. The Indian government is making Significant infrastructure investments in processing, chilling, transport, calf feed, etc., to support the dairy industry's expansion. For example, Dairy Processing & Infrastructure Development Fund has been established with a capital of Rs. 8,004 crores with the National Bank for Agriculture and Rural Development (NABARD) after the Union Budget 2017–18 announcement. Hence, the region extends numerous growth opportunities for the expansion of the market by enabling easy availability of raw materials as well as consumers as it is a major dairy and dairy product producer.
The China market dominated the Asia Pacific Whipping Cream Powder Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $131.4 Million by 2030. The Japan market is estimated to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Scope of the Study
Market Segments Covered in the Report:
By Source
By Application
- Bakery & Confectionery
- Ice-cream & Frozen Desserts
- Beverages
- Others
By Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Swiss Bake Ingredients Pvt. Ltd.
TABLE 1 Asia Pacific Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Dairy Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Dairy Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Non-Dairy Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Non-Dairy Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Icecream & Frozen Desserts Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Icecream & Frozen Desserts Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Beverages Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Beverages Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Sweetened Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Sweetened Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Unsweetened Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Unsweetened Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Whipping Cream Powder Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Whipping Cream Powder Market by Country, 2023 - 2030, USD Million
TABLE 27 China Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 28 China Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 29 China Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 30 China Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 31 China Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 32 China Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 33 China Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 34 China Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 35 Japan Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 36 Japan Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 37 Japan Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 38 Japan Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 39 Japan Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 40 Japan Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 41 Japan Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 42 Japan Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 43 India Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 44 India Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 45 India Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 46 India Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 47 India Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 48 India Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 49 India Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 50 India Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 51 South Korea Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 52 South Korea Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 53 South Korea Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 54 South Korea Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 55 South Korea Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 56 South Korea Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 57 South Korea Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 58 South Korea Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 59 Singapore Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 60 Singapore Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 61 Singapore Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 62 Singapore Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 63 Singapore Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 64 Singapore Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 65 Singapore Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 66 Singapore Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 67 Malaysia Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 68 Malaysia Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 69 Malaysia Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 70 Malaysia Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 71 Malaysia Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 72 Malaysia Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 73 Malaysia Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 74 Malaysia Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 75 Rest of Asia Pacific Whipping Cream Powder Market, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Whipping Cream Powder Market, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Whipping Cream Powder Market by Source, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Whipping Cream Powder Market by Source, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Whipping Cream Powder Market by Application, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Whipping Cream Powder Market by Application, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Whipping Cream Powder Market by Type, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Whipping Cream Powder Market by Type, 2023 - 2030, USD Million
TABLE 83 Key Information – Swiss Bake Ingredients Pvt. Ltd.
TABLE 84 Key Information – AussieBlends LLC
TABLE 85 Key Information – The Food Source International, Inc.
TABLE 86 Key Information – Weikfield foods pvt. Ltd.
TABLE 87 Key Information – Yaffa's Kitchen Pty Ltd
TABLE 88 Key Information – General Mills, Inc.
TABLE 89 Key Information – Hoosier Hill Farm LLC
TABLE 90 Key Information – The Kraft Heinz Company
TABLE 91 Key Information – Dr. August Oetker KG
TABLE 92 Key Information – Royal FrieslandCampina N.V.
LIST OF FIGURES
FIG 1 Methodology for the research
FIG 2 Asia Pacific Whipping Cream Powder Market share by Source, 2022
FIG 3 Asia Pacific Whipping Cream Powder Market share by Source, 2030
FIG 4 Asia Pacific Whipping Cream Powder Market by Source, 2019 - 2030, USD Million
FIG 5 Asia Pacific Whipping Cream Powder Market share by Application, 2022
FIG 6 Asia Pacific Whipping Cream Powder Market share by Application, 2030
FIG 7 Asia Pacific Whipping Cream Powder Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Whipping Cream Powder Market share by Type, 2022
FIG 9 Asia Pacific Whipping Cream Powder Market share by Type, 2030
FIG 10 Asia Pacific Whipping Cream Powder Market by Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Whipping Cream Powder Market share by Country, 2022
FIG 12 Asia Pacific Whipping Cream Powder Market share by Country, 2030
FIG 13 Asia Pacific Whipping Cream Powder Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: The Kraft Heinz Company