Report ID: UCMIG30I2156
Report ID:
UCMIG30I2156 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global whipping cream market was valued at USD 5.98 billion in 2018, is projected to experience a compound annual growth rate (CAGR) of 8.1% from 2019 to 2025. The primary driver of this growth is the increasing consumption of various food items such as pies, cupcakes, ice creams, sundaes, cakes, hot chocolate milkshakes, waffles, cheesecake, and puddings, which creates a higher demand for whipping cream. Whipping cream finds extensive usage in a wide range of desserts, including layer cakes and profiteroles, as well as serving as a decorative element in signature cakes and themed desserts. This usage pattern significantly contributes to the demand for whipping cream, leading to market expansion.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30I2156