Report Description
The global sour cream market size was valued at USD 1.7 billion in 2022 and is projected to reach USD 2.80 billion by 2031, expanding at a CAGR of 5.72% between 2023 and 2031. The growth of the market is attributed to the ever-expanding applications across several industrial domains.
Sour cream is a dairy-based product that is made by fermenting ordinary cream, which is fat-rich and contains lactic acid bacteria. The bacterial culture is added to the cream to thicken it and give it a sour taste. Sour cream is extensively used as a condiment and topping in a variety of cuisines, as well as in baking, pastries, the dairy industry, and other industrial purposes.
Sour cream is heavy in lipids and calories, and commercially manufactured sour cream contains thickening agents like rennet, gelatin, and guar gum, among other things. It is frequently used as a necessary alternative for other goods such as cheese, Greek yoghurt, and other items.
Organic sour creams are in high demand because they include more omega-three fatty acids, CLA (Conjugated Linoleic Acid), antioxidants, and vitamins than ordinary sour creams. CLA is a naturally occurring fatty acid that has gained prominence as a component of weight-loss products. Heluva Good! has released a sour cream Beer-Battered Onion Ring dip with fried delicious yellow onions, beer, and sour cream.
Market Trends, Drivers, Restraints, and Opportunities
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Growing demand for fat-free sour cream among health-conscious customers is anticipated to push the market expansion during the forecast period.
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The rapid growth of the sour cream market for lactose-intolerant consumers is a key factor driving the market growth in the coming years.
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Growing cholesterol problems among consumers are expected to boost the market growth during the forecast period.
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The presence of stringent government regulations in various countries is expected to impede market expansion.
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R&D investment and technological advancements in flavor and packaging formats are projected to offer immense opportunities for the market players.
Scope of the Report
The report on the global sour cream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Sour Cream Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Organic Sour Cream and Conventional Sour Cream) and Applications (Bakery Products, Salad Dressing, Dips, Snacks, Sauces, Ice Cream, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Laiterie Chalifoux, Organic Valley, Cabot Creamery, WhiteWave Services, Uelzena Ingredients, Daisy Brand, and Meggle
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Market Segment Insights
The organic sour cream segment is projected to hold a large market share
In terms of types, the global sour cream market is segmented into organic sour cream and conventional sour cream. The organic sour cream segment is expected to constitute a key share of the market during the forecast period owing to clean label and natural trend. On the other hand, the conventional sour cream segment is anticipated to expand at a rapid pace during the forecast period.
The bakery products segment is anticipated to register at rapid CAGR
On the basis of applications, the global sour cream market is divided into bakery products, salad dressing, dips, snacks, sauces, ice cream, and others. The bakery products segment is expected to represent a key share of the market in the coming years due to increased applicability across numerous industrial fields. On the other hand, the salad dressing, dips, snacks, sauces segments are anticipated to expand at a rapid pace in the coming years.
Europe is expected to dominate the market
On the basis of regions, the global sour cream market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Europe is anticipated to expand at an impressive CAGR during the forecast period.
The regional market growth can be attributed to increasing occurrences of lactose intolerance and the availability of dairy substitutes. Furthermore, the rapid uptake of dairy substitutes in Europe has transformed consumer preferences, and dairy-free sour cream is being used in industrial applications.
On the other hand, the market of North America is expected to exhibit a rapid growth rate in the coming years due to heavy reliance on dairy products in culinary preparations and baked goods. In addition, because of the rising population that is primarily predisposed to adopting global eating patterns, the Asia-Pacific region is expected to be the fastest expanding market for sour cream.
Segments
The global sour cream market has been segmented on the basis of
Types
- Organic Sour Cream
- Conventional Sour Cream
Applications
- Bakery Products
- Salad Dressing
- Dips
- Snacks
- Sauces
- Ice Cream
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Laiterie Chalifoux
- Organic Valley
- Cabot Creamery
- WhiteWave Services
- Uelzena Ingredients
- Daisy Brand
- Meggle
Competitive Landscape
Key players competing in the global sour cream market include Laiterie Chalifoux, Organic Valley, Cabot Creamery, WhiteWave Services, Uelzena Ingredients, Daisy Brand, and Meggle.
Some of these players are investing heavily in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sour Cream Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sour Cream Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sour Cream Market - Supply Chain
4.5. Global Sour Cream Market Forecast
4.5.1. Sour Cream Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sour Cream Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Sour Cream Market Absolute $ Opportunity
5. Global Sour Cream Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Sour Cream Market Size and Volume Forecast by Types
5.3.1. Organic Sour Cream
5.3.2.
Conventional Sour Cream
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sour Cream Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Sour Cream Market Size and Volume Forecast by Applications
6.3.1. Bakery Products
6.3.2.
Salad Dressing
6.3.3.
Dips
6.3.4.
Snacks
6.3.5.
Sauces
6.3.6.
Ice Cream
6.3.7.
Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Sour Cream Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Sour Cream Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Sour Cream Demand Share Forecast, 2019-2026
8. North America Sour Cream Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Sour Cream Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Sour Cream Market Size and Volume Forecast by Types
8.4.1. Organic Sour Cream
8.4.2.
Conventional Sour Cream
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Sour Cream Market Size and Volume Forecast by Applications
8.7.1. Bakery Products
8.7.2.
Salad Dressing
8.7.3.
Dips
8.7.4.
Snacks
8.7.5.
Sauces
8.7.6.
Ice Cream
8.7.7.
Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Sour Cream Demand Share Forecast, 2019-2026
9. Latin America Sour Cream Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Sour Cream Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Sour Cream Market Size and Volume Forecast by Types
9.4.1. Organic Sour Cream
9.4.2.
Conventional Sour Cream
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Sour Cream Market Size and Volume Forecast by Applications
9.7.1. Bakery Products
9.7.2.
Salad Dressing
9.7.3.
Dips
9.7.4.
Snacks
9.7.5.
Sauces
9.7.6.
Ice Cream
9.7.7.
Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Sour Cream Demand Share Forecast, 2019-2026
10. Europe Sour Cream Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Sour Cream Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Sour Cream Market Size and Volume Forecast by Types
10.4.1. Organic Sour Cream
10.4.2.
Conventional Sour Cream
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Sour Cream Market Size and Volume Forecast by Applications
10.7.1. Bakery Products
10.7.2.
Salad Dressing
10.7.3.
Dips
10.7.4.
Snacks
10.7.5.
Sauces
10.7.6.
Ice Cream
10.7.7.
Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Sour Cream Demand Share Forecast, 2019-2026
11. Asia Pacific Sour Cream Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Sour Cream Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Sour Cream Market Size and Volume Forecast by Types
11.4.1. Organic Sour Cream
11.4.2.
Conventional Sour Cream
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Sour Cream Market Size and Volume Forecast by Applications
11.7.1. Bakery Products
11.7.2.
Salad Dressing
11.7.3.
Dips
11.7.4.
Snacks
11.7.5.
Sauces
11.7.6.
Ice Cream
11.7.7.
Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Sour Cream Demand Share Forecast, 2019-2026
12. Middle East & Africa Sour Cream Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Sour Cream Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Sour Cream Market Size and Volume Forecast by Types
12.4.1. Organic Sour Cream
12.4.2.
Conventional Sour Cream
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Sour Cream Market Size and Volume Forecast by Applications
12.7.1. Bakery Products
12.7.2.
Salad Dressing
12.7.3.
Dips
12.7.4.
Snacks
12.7.5.
Sauces
12.7.6.
Ice Cream
12.7.7.
Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Sour Cream Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Sour Cream Market: Market Share Analysis
13.2. Sour Cream Distributors and Customers
13.3. Sour Cream Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Laiterie Chalifoux
13.4.2.
Organic Valley
13.4.3.
Cabot Creamery
13.4.4.
WhiteWave Services
13.4.5.
Uelzena Ingredients
13.4.6.
Daisy Brand