The global cream market is expected to register significantly high growth in the forecoming years. Major factors driving growth of the global cream markets is rising quick food, restaurant chain across the globe. Further, other factors such as the availability of wide-range of cream types and flavors, rising urbanization & disposable incomes are driving the growth of the global cream market.
The global cream market report has been segmented on the basis of type, distribution channel, end user, and region.
On the basis of type, the global cream market has been segmented into dairy cream and vegetable/blended cream. The dairy cream is further subdivided into fresh cream, whipping cream, sour cream, double cream, and others including light cream, clotted cream etc. The vegetable/blended cream is further divided into soybean, coconut, palm kernel, and others
On the basis of distribution channel, the global cream market has been segmented into retail stores and e-commerce. The retail store segment is further subdivided into department store, super market, hypermarket, and specialty store. The retail store segment is expected to account for significant market share in the global cream market, due to ease of accessibility of products. The e-commerce segment is expected to register highest CAGR in upcoming years, due to growing internet penetration coupled with higher rate of adoption of smart phones.
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On the basis of type, the global cream market has been segmented into restaurants, café, hotels, bakeries & pastries, others including pubs etc.
On the basis of region, the global cream markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America cream market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due rising consumer demand for dairy product in this region. However, Asia Pacific cream market is projected to register highest CAGR in the next five years owing to western influence on diets and food items, and growing population.
Key players operating in the global cream market include Nestlé S.A, Danone SA, Cabot Creamery Cooperative, Inc., Fonterra Co-operative Group, Uelzana Group, Meggle AG, Starbucks Corporation, Roda International Co., Ltd., and Amul Industries Pvt Ltd.