The global Whipped Topping Concentrate market is expected to reach a market valuation of US$ 4,338 million by 2033, recording a CAGR of 5.2% from 2023 to 2033.
To add air and a creamy flavor, whipping topping concentration is used as a whipping agent in many food systems. Common applications include ice cream manufacture, whipped toppings, various dessert creams, cake filling creams, and decorating creams. The concentrate for whipping topping comes in both powder and liquid forms. Although the liquid version of whipping topping concentrate continues to sell well, the powder form has experienced fast growth in the food industry in recent years. The foodservice and food processing industries use whipped topping concentrate in both organic and inorganic forms.
| Attribute | Details |
|---|---|
| Whipped Topping Concentrate Market Size (2023E) | US$ 2,613 million |
| Whipped Topping Concentrate Market Projected Size (2033F) | US$ 4,338 million |
| Value CAGR (2023 to 2033) | 5.2% |
| Top 3 Countries Marketing Share | 63.5% |
The demand for cutting-edge ingredients has been sustained due to the growing use of emulsifiers in the food industry. Sales of whipped topping concentrate have increased along with the rise in demand for dairy whipped topping concentrate. Over the projected period, there is expected to be an increase in demand for whipped topping concentrate due to the use of vegetable oil to create emulsifier agents.
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| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 5.1% |
| Jul–Dec (H2), 2021 (A) | 5.3% |
| Jan–Jun (H1),2022 Projected (P) | 5.5% |
| Jan–Jun (H1),2022 Outlook (O) | 5.9% |
| Jul–Dec (H2), 2022 Projected (P) | 5.4% |
| Jul–Dec (H2), 2022 Outlook (O) | 5.3% |
| Jan–Jun (H1), 2023 Projected (P) | 5.1% |
In recent years, the market for whipped topping concentrate has expanded quickly because to the rise in bread product consumption. Cake, desserts, and other products that contain whipped topping concentration are more stable and have a longer shelf life. As consumer preferences in the food and beverage industries have altered, emulsifiers and whipping agents have been steadily growing in favor. Furthermore, some of the most important trends in the sector are being amplified by the increasing popularity and consumption of desserts, ice cream, and bakery goods. Food and beverage manufacturers are increasingly using non-dairy ingredients, and the market for whipped topping concentrate is likely to grow quickly.
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Numerous variables could have an effect on the demand for whipped topping concentrate. An increase in interest in whipped topping concentrates created from non-dairy sources or with fewer artificial chemicals, for instance, may result from the growing demand for plant-based and natural components. A shift towards lower calorie and sugar-free whipped topping concentrates may result from the trend towards healthier eating habits and an emphasis on calorie and sugar reduction.
In the United States, the market for whipped topping concentrate has grown significantly due to convenience. The demand for prepared and simple-to-use ingredients, such whipped topping concentrate, has expanded as a result of busy lives and the desire for food that can be consumed on the move. It gives food producers and foodservice operators a quick and easy solution to give their products a creamy and airy feel without having to make whipped cream from scratch.
Numerous causes are responsible for India's increased demand for whipped topping concentrate. The rising desire for Western-style desserts and baked goods in the nation is the primary cause of this need. The demand for goods like cakes, pastries, and other confectionary items that often call for whipped cream as a fundamental ingredient is rising as more and more Indians are exposed to Western food culture via social media and overseas travel. For producers of food and operators of foodservice establishments, whipped topping concentrate offers a practical and affordable substitute for whipped cream.
With a long history of baking and confectionery, Germany is a mature and established market for food and beverage products. As a result, whipped topping concentrate, which is utilized in a variety of dessert and bakery products, is in great demand as a handy and adaptable component.
The expanding popularity of home baking and cooking, along with the rising demand for convenience foods, are what are driving the growth of the whipped topping concentrate industry in Germany. Whipped topping concentration is an appealing alternative for both commercial food producers and amateur cooks since it provides a quick and easy way to create a creamy and airy texture to sweets and baked products.
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The most important market for whipped topping concentrate is the baking and confectionery sector. In addition to being used in a range of baked goods like cakes, pastries, and cookies, whipped topping concentration is also utilized in sweets like candies, fudge, and marshmallows. Because of factors like rising packaged and convenience food demand as well as rising interest in home baking and cooking, it is anticipated that the bakery and confectionery market would keep expanding.
The foodservice industry covers a wide range of organizations that provide consumers with prepared meals or beverages, including restaurants, cafes, hotels, catering services, and other foodservice outlets. Whipped topping concentrate is a flexible component that can be used in a range of desserts, baked goods, coffee drinks, and cocktails.
Convenience is one of the key benefits of using whipped topping concentrate in the foodservice sector. It is simple to store and use whipped topping concentration in busy foodservice operations because it is a shelf-stable product that does not require refrigeration. By doing away with the necessity for hand whipping of cream or other components, it also enables foodservice operators to save time and labor expenses.
Whipped Topping Concentrate market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Source, Application, Physical Form, and Region |
| Key Companies Profiled |
Peak Food LLC; RICH’s Products Corporation; BASF SE; SKM Egg Products; Lasenor; Palsgaard A/S; Fine Organics; Ashland; FBC Industries, Inc.; Gelita, Real Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Whipped Topping Concentrate Market is valued at US$ 2,613 million for 2023.
The Whipped Topping Concentrate Market valuation is expected to be US$ 4,338 million in the year 2023.
The value of CAGR for the Whipped Topping Concentrate Market is estimated to be 5.2%.
The bakery products segment would garner significant market value share by 2023.
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Whipped Topping Concentrate Market
