28-Feb-2020 | Facts and Factors
Facts and Factors has authored “Whipped Topping Market By Type (100% dairy, Dairy blend and non-dairy), By Sales Channel(Bakery, Beverage, Casual Dining and HORECA), By Application (Food Service (B2B) and Retail): China Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”. The report predicts China Whipped Topping market to reach around USD 2560.32 million by 2026. The China Whipped Topping market is anticipated to register a significant CAGR of 6.8% between 2020 and 2026
The food industry is one of the most rapidly growing industries in China. With the growing adoption of western food cultures, China’s food market has viewed major changing trends. Increasing consumption of westernized bakery products has led to an increase in the consumption of whipped toppings in China. Whipped toppings were traditionally made of milk and eggs to add flavor to confectioneries. With changing tastes and preferences, whipped toppings are being made with dairy as well as non-dairy items. There are creams made of dairy products as well as vegetable oils. Whipped creams are widely used for cooking in households, restaurants, cafes, bakeries, large scale confectioneries producers and others. As confectioneries and baked goods are among popular food items in China, several international players in the food and beverage industry have focused on expanding their reach in China’s food industry, this has created opportunities for small, local producers of whipped topping to collaborate and increase the revenue in China.
Browse the full “Whipped Topping Market By Type (100% dairy, Dairy blend and non-dairy), By Sales Channel(Bakery, Beverage, Casual Dining and HORECA), By Application (Food Service (B2B) and Retail): China Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026" report at https://www.fnfresearch.com/whipping-topping-market-report
Increase in consumption of coffee is trending globally; this has also influenced the china’s population. There are several organized as well as unorganized cafes in China that offer whipped toppings with sweets and coffee. This is one of the primary reasons for the growth of the whipped topping market in China. The population in China is growing rapidly; this has also increased the average disposable income of households, driving the sales of whipped toppings in China. Concerns related to obesity and heart disease are increasing in China; therefore there is a significant shift of individuals towards healthy food habits. In addition, there is a noticeable change in people turning into vegans and also people following vegetarianism for a healthier lifestyle, this reason is expected to hinder the demand for whipped toppings in China. Furthermore, whipped cream producers across China are focused on introducing nutritional creams which are low in saturated fat, to cater to healthier food category.
By type, the non-dairy segment led China Whipped Toppingmarket by accounting a share of almost 48% owing to the advantages provided by non-dairy products such as low fat, low carbohydrates, and others. By application, the foodservice (B2B) segment is estimated to hold a market share of 32% during the forecast period. Furthermore, the bakery segment in the sales channel category led the market by accounting to 434 million in 2019. The beverage segment under the sale channel category is expected to grow with a CAGR of 7.8% during the forecasted time period.
Some of the essential players operating in the Whipped Toppings market, but not restricted to include Rich Products Corporation, Westland Co-operative Dairy Company Limited, Fonterra Co-operative Group, Nestlé SA, Fuji Oil Holdings Inc., GranaroloS.p.A., Bi Lei International (Shanghai) Co, Ltd., Lactalis China, China Mengniu Dairy Company Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Savencia SA, Qingdao Kesong Food Co., Ltd.,QingdaoKesong Food Co., Ltd., Lakeland Dairies Co-op Society Limited, Shanghai Hi-Road Food Technology Co. Ltd. and others.
The taxonomy of the Whipped Toppings industry by its scope and segmentation is as follows:
China Whipped Topping Market: By Type Segmentation Analysis
- 100% dairy
- Dairy blend
China Whipped Topping Market: By Application Segmentation Analysis
- Food Service (B2B)
China Whipped Topping Market: By Sales Channel Segmentation Analysis
- Casual Dining
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