Dublin, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The "Sour Cream Powder Market Global Forecast Report by Type, End-use, Distribution Channel, Countries and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The Global Sour Cream Powder market size is anticipated from US$1.41 billion in 2023 to US$1.96 billion in 2032 with CAGR from 2024 to 2032 of 3.75%
The sour cream powder has multiple applications. Dry form of the product is used in dips, sauces and dressing manufactured through dry blends and in baking industry for adding flavor and texture to breads, cakes and cookies. Also, it is applied as a flavoring agent for snack foods, such as chips and crackers where it will add flavor without making it wet. Its shelf stability character and the way it is usually packaged make it suitable for use in large scale food preparation and most domestic kitchens where space is always a limiting factor.
Growth Drivers for the Global Sour Cream Powder Market
Rising Demand for Convenience Foods
In the present era of fast life, consumers look for easily storable and easily manageable as well as easily disposable foods. This challenge is meet by the sour cream powder since it offers the premium quality of fresh sour cream which has a tangy flavor and creamy like consistency without refrigeration. Sour cream powder is a good addition to processed and convenience foods due to its longer shelf life in both dry mixes and resealed packages, read-to-eat meals, sauces, snack foods, and more.
This increase in consumption of convenience foods is shifting the focus towards more demand for sour cream powder in Retail Food Stores as well as commercial food businesses increasing the global market at a steady rate. The overall data of adults suffering from obesity will increase from 0.81 billion in 2020 up to 1.53 billion in the course of 2035 on average according to WHO. Obesity is quickly becoming apparent in most people and since sour cream powder can be found in low fat and fat free form, it is being used more frequently.
Expanding Applications in the Food Industry
One of the greatest factors that have instigated the increasing use of the sour cream powder is its versatility. It is popularly applied in baking, snacks, sauces, and dressings and is applied in improving multiple products' taste and texture. With no added moisture, but a deep, tangy flavor, it is ideal for dry mixture for dips, baking and seasoning. While still offering a wide range of standard food ingredients such as fats and oils, the global food industry expands into offering more complex product options such as the multifunctional sour cream powder ingredient thus facilitating market growth.
In the United Kingdom, Uber Eats plans to partner with Getir, a quick commerce firm, starting September 2023. This aspect of the partnership is particularly in grocery delivery and seeks to allow Uber Eats expand its basket of portfolio. They also anticipate that both these companies will further develop this sort of a relationship in other regions of Europe in the future years.
Growth in the Snack Food Segment
The snack foods segment has expanded significantly on the global level, attributed to customer inclination towards delicious food that is convenient to consume. The main function of sour cream powder is to add the seasoning of chips, crackers, and other kinds of snacks, where it can bring the savory and tangy flavor to the taste of such snacks.
The growth of interest in-flavored snacks, especially in the Asia Pacific and North American markets, is behind the growth of the sour cream powder market. That welcomed increase in the segment an ongoing focus on innovation in the snack sector is projected to sustain demand for sour cream powder. Recently, in 2023, Flipkart has come up with what is called 'Flipkart Commerce Cloud' - a global marketplace of retailing technologies for retailers.
Europe Sour Cream Powder Industry
The European sour cream powder industry is relatively young and stable due to the continuous interest in convenient and versatile foods. Through sour cream powder, there is the possibility of improving taste in snacks, sauces, confectionery products and baked products as consumer seeks foods with longer shelf lives.
The two other factors are the convenience that comes with already prepared meals and the home cooking culture is also growing steadily. Germany, France, and the UK can be considered as identified key markets as innovative product portfolio along with growing distribution network acts as the driver for market growth in the region.
Germany Sour Cream Powder Industry
The manufacturers in Germany are starting to invest more in the sour cream powder industry due to the changing trends within the society where people are ready to embrace convenience and more so better ingredients in foods. Being one of the leaders on the European food market, Germany pays special attention to quality and new products in terms of food products, which has resulted in the increased use of sour cream powder as a flavoring agent. It is a popular ingredient in snack products, seasonings and baking for home use as well as the commercial food industry. Extending the list of benefits, the recently active healthy eating and increasing popularity of ready-to-eat meals help it.
Furthermore, e-commerce growth contributes to consumers' opportunities for various sour cream powder products, which contributes to general market development. Sept 2024 Arla Foods Ingredients unveiled the Nutrilac ProteinBoost range of patented microparticulate whey proteins targeting manufacturers seeking to formulate to meet consumer cravings for high protein products.
Middle East Sour Cream Powder Industry
The industry for sour cream powder in the Middle East is growing well due to constantly elevated consumer demand for easy to use food products. A young population with rising disposable income and an expanding middle-income population has seen the need for convenience products in culinary and pastries.
Sour cream powder is used as a flavoring agent especially in snacks, sauces and other edible productions. Finally, the growth of the middle class in countries such as the UAE and Saudi Arabia the focus on western style of food processing and the availability of sour cream powder make this product an attractive offering for both consumers and producers.
Saudi Arabia Sour Cream Powder Industry
The consumption for sour cream powder in Saudi Arabia is predicted to increase year on year because of the growing population that needs food ingredients that are easy to use and have a long shelf life. The general population is expanding its middle-class size and adjusting its diet preferences, looking for sour cream powder in their everyday meals and for baking. The chief application is in the processed foods seasonings, snacks, dips and sauces is a favorite among locals.
Besides the improving food processing sector and the impact of the western style diet are also increasing the market. E-retail website also provide increased availability of sour cream powder, thus increasing the acceptance of the product by the consumers in KSA. That July, Puck introduces brand creams limited to Middle Eastern markets only.
Global Sour Cream Powder Company Analysis
The major participants in the Sour Cream Powder market includes Bluegrass Ingredients, Inc., Commercial Creamery Company, Dairy Farmers of America, Inc., Hoosier Hill Farm LLC, Rogers & Company Foods Pty Ltd, The Food Source International Inc., Thrive Life LLC, Varesco Group.
Global Sour Cream Powder Company News
In April 2024, to accommodate customers who are lactose intolerant, Prairie Farms Dairy introduced additional lactose-free dairy products, including milk, cottage cheese, and sour cream.
Company Analysis
- Bluegrass Ingredients, Inc.
- Commercial Creamery Company
- Dairy Farmers of America, Inc.
- Hoosier Hill Farm LLC
- Rogers & Company Foods Pty Ltd
- The Food Source International Inc.
- Thrive Life LLC
- Varesco Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $1.41 Billion |
| Forecasted Market Value (USD) by 2032 | $1.96 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research & Methodology
3 Executive Summary
4 Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5 Global Sour Cream Powder Market
6 Market Share Analysis
6.1 Type
6.2 End use
6.3 Distribution Channel
6.4 Country
7 Type
7.1 Low-fat
7.2 Regular
8 End Use
8.1 Foodservice
8.2 Food Industry
8.3 Household/Retail
9 End Use
9.1 Direct/B2B
9.2 Indirect/B2C
10 Country
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11 Porter's Five Forces
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12 SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13 Key Players
13.1 Overview
13.2 Key Persons
13.3 Recent Development & Strategies
13.4 Product Portfolio
13.5 Financial Insights
For more information about this report visit https://www.researchandmarkets.com/r/k0jkj3
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