Sour Cream Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

[110+ Pages Report] According to the report published by Facts Factors, the global sour cream market size was worth around USD 696 million in 2019 and is predicted to grow to around USD 800 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global sour cream market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sour cream market.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the sour cream market in our study.

The report encompasses the forecast as well as an analysis of the sour cream market on a global and regional level. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the sour cream market report.

Key Insights from Primary Research

• As per the opinions of industry experts, the growth of the sour cream market is expected to witness a significant boost of nearly 4% over the forecast period
• Our primary respondents predicted that the sour cream market to reach around USD 800 million by the end of 2026.
• Europe dominated the global sour cream market owing to rising demand and availability of attractive flavors and fragrances. Along with Europe, North America is also showing a major share in the Sour Cream market.
• Additionally, changing lifestyles and increasing demand for milk and milk products are boosting the overall sales of sour cream in Latin America and the Middle East & Africa.
• By distribution channel, the B2B segment accounted for the highest share of the sour cream market which was nearly 50% in 2018. Premium food services and nonpremium food services are also anticipated to grow over the forecast period due to rising demand globally.
• By application, the baked goods & desserts segment dominated the market in 2018. This growth is attributed due to the high demand for a creamy texture and tangy taste and furthermore, it is expected to grow at the highest CAGR of more than 4%

Key Recommendations from Analysts

• In Europe, the demand for sour soup is high. Our analysts predicted that focusing on B2B services, premium food service, and non-premium food which leads to a major opportunity for the market players in Europe.
• Because of health awareness, it is important for the industry to manufacture to produce a product that contains low sugar, salt, fat, and other harmful ingredients. Most of the countries in North America and Asia-Pacific are focusing to produce low-fat products with low sugar and salt which increases the sour cream market growth.
• As per analysts, due to increasing per capita income and urbanization, demand for sour cream is increasing in Latin America and the Middle East, and Africa.
• Our analysts also predicted that companies operating in the global sour cream market will foresee several opportunities owing to the rising demand for low-fat and low-sugar food products. This aspect may lead to a significant CAGR of up to 5% over the forecast period.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the sour cream market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the sour cream market.

The study provides a decisive view of the sour cream market by segmenting the sour cream market based on Key Sales Channels, Key Applications (Recipes), and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Sour cream is a white dairy product made with bacteria that provides thickness to the cream and adds a tangy flavor. Sour cream may include the following additives and preservatives: potassium sorbate, modified food starch, sodium citrate, sodium phosphate, calcium sulfate, guar gum, locust bean gum, and carrageenan. Sour cream has been divided into three subtypes: regular sour cream, reduced-fat sour cream, and nonfat sour cream. Sour cream is used as a spread, raw dip, frosting ingredient, or sauce. Moreover, sour cream is widely used as a topping or garnish for soups, stews, and chili as well as Mexican preferences such as burritos and nachos.

The global demand for fast food has skyrocketed in developed as well as developing nations. Such rising demand in fast food has been attributable to changes in portion sizes, energy contents, and nutrient profiles of fast food. Sour cream is primarily used in savory dishes, sandwiches, salad dressings and dips, baked goods, ice cream or smoothies, etc. The significant growth in the global fast-food industry has been a key driving factor for the global sour cream market. The trends in the global food sector have made modern, consumers aware of new products introduced into the developed market.

Major players operating in the global sour cream market are introducing new products into the global market. The demand for healthier ingredients and portion control over the foods and beverages consumed has hampered the global sour cream market in developed and developing regions. Producing sour cream at home can help the consumer to avoid buying extra food, eventually reducing the costs of the food.

Report Scope

The ability of consumers to make sour cream on their own has been hampering the global sour cream market. Consumers' focus on weight loss management has fuelled the demand for high protein and high fiber content foods. A rise in the demand for healthier products has led manufacturers to introduce new low-fat and healthier foods into the market. Companies have invested in research and development of low-fat products. Companies operating in the global sour cream market will foresee various opportunities owing to the rising demand for low-fat and low-sugar food products.

The sour cream market is segmented based on the key sales channel and key application (Recipes).  Key sales channel-wise, the market is classified into premium food service, non-premium food service, and B2B. In terms of key applications (recipes), the market segment is sectored into savory, sandwich, salad dressings & dip, baked goods/desserts, ice creams & smoothies.

Key players operating in the sour cream industry are

• Daisy Brand LLC
• Dean Foods
• Land O'Lakes
• Scott Brothers Diary Inc.
• Uelzena Group
• Compsey Creamery
• Prairie Farms Dairy
• HP Hood LLC
• Cabot Creamery Cooperative
• Kemps LLC.

This report segments the sour cream market as follows:

Global Sour cream Market: By Sales Channel Segment Analysis

• Premium Food Service
• Non-Premium Food Service
• B2B

Global Sour cream Market: By Application Segment Analysis

• Savory
• Sandwich
• Salad Dressings & Dip
• Baked Goods/Desserts
• Ice Creams & Smoothies

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis of the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth.