Persistence Market Research (PMR) provides crucial insights on the global non-dairy whipping agents market, in its upcoming outlook titled, ‘Non-dairy Whipping Agents Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026’. The non-dairy whipping agents market, in terms of value, is anticipated to display a pattern of steady growth, with a CAGR of 4.4% over the forecast period, owing to various elements, regarding which, PMR offers comprehensive insights in detail.
It is perceptible by the data points observed that, on the basis of form, the liquid form of non-dairy whipping agents is anticipated to hold the upper hand in the non-dairy whipping agents market, with a promising CAGR of 5.0% over the forecast period. The major sector responsible for the growth of the non-dairy whipping agents market is the ever-expanding bakery industry. The bakery industry utilizes non-dairy whipping agents in a multitude of ways. Non-dairy whipping agents are not specifically involved in the taste of the final product, due to lack of milk cream in the product. Hence, for garnishing and decoration purposes, non-dairy whipping agents are utilized across the globe by the bakery industry. Non-dairy whipping agents are also popular because of a fast mode of preparation that they assure in a hasteful modern kitchen where time is of essence for the modern baker, as non-dairy whipping agents are often available as instant whipped cream. This nature of non-dairy whipping agents overshadows the inferior taste profile, due to which it is expected to garner a wider consumer base over the forecast period.
The production of global whipping agents has gone up from 226,343 MT in 2016 to 237,947 MT in volume, as of 2017. Non-dairy whipping agents is an important product category in the products portfolio of whipping agents, and proportionately, the production of non-dairy whipping agents has been proliferating as well. North America has been a major influence in the non-dairy whipping agents market, owing to a fast food culture that has incorporated whipped cream into multiple food products. This obvious inclusion of whipped cream into the beverage and food product portfolio expands to vegan, lactose-free, and dairy-free diets as well, by the virtue of which, non-dairy whipping agents have witnessed an early growth in the North American market. North America especially has predominantly experienced an increase in the vegan population over the last decade, owing to social media influence and increased awareness. This has prompted many whipped cream manufacturers and bakers to opt for non-dairy whipping agents to fit modern consumer expectations. Although North America and APAC, both, are the largest consumers of ice cream, globally, Europe proves itself to be the largest consumer of non-dairy whipping agents. This is largely attributed to the use of non-dairy whipping agent gourmet foods and desserts in Europe, in synergy with the tourism industry that Europe holds.
The obvious influence of North America and APAC over the non-dairy whipping agents market is also majorly due to the high ice cream consumption in these regions, primarily the U.S. and China in respective regions. In 2017, China surpassed the U.S. to become the largest ice cream consumer. The presence of the largest ice cream consumer in the APAC region, coupled with India as a developing country with a rapidly evolving food industry with a taste for Western food, has presented interesting growth prospects for the non-dairy whipping agents market APAC over the forecast period.
The liquid form of non-dairy whipping agents is preferred by bakers and confectionary makers for the longer shelf life and superior textural properties that these non-dairy whipping agents offer over their counterparts. Owing to this, non-dairy whipping agents have become an integral part of desserts as well.
Detailed company profiles of market players in the non-dairy whipping agents market are also included in the scope of the report, to evaluate their recent advances, key offerings, and long-term and short-term strategies in the non-dairy whipping agents’ space.
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Key players profiled in the report for the non-dairy whipping agents market include BASF SE, Wacker Chemie AG, Kerry Group PLC, Royal FrieslandCampina N.V. (Kievit), Molkerei MEGGLE Wasserburg GmbH & Co. KG, Rich Graviss Products Pvt. Ltd., Mokate Sp. Z.o.o., DP Supply B.V., Palsgaard A/S, Ingredion Incorporated, Corbion N.V., Lasenor Emul, S.L., Fine Organic Industries Limited, Ashland Global Holdings Inc., SKM Egg Products Company, FBC Industries, Inc., Gelita AG, and Conagra.