Sour Cream Market Share, Sales, Top Key Players Review, Market Penetration, Business Opportunity and Forecast 2020 to 2023
Research Reports
Jan 07, 2021
Market Overview
The sour cream market is segmented by category into organic and conventional. The organic segment accounts for the maximum share owing to the natural methods of cream formation. The cows used for the extraction of dairy are raised organically without the use of antibiotics. The milk from organic cows contains heart-healthy fatty acids that result in the production of better quality sour cream. Organic sour creams are gaining high demand as they are healthier than the conventional ones, owing to omega three fatty acids, CLA (Conjugated Linoleic Acid), and more antioxidant and vitamin content. CLA is a natural fatty acid that has grown popularity for its application in weight loss supplements.
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The distribution of sour cream has been segmented into store based and non-store based. Owing to strong vendor networks of the manufacturers, store-based distribution channel holds major share in the sour cream market. However, in the coming years, non-store-based distribution channel will have a substantial contribution in the market owing to the developments of e-commerce platforms.
Key Players Trend
Some of the key players in the Global Sour Cream Market are Uelzena Ingredients (Germany), Cabot Creamery Cooperative, Inc. (US), Laiterie Chalifoux, Inc. (Canada), Organic Valley (US), Daisy Brand LLC (US), Meggle (Bosnia and Herzegovina), Dean Foods (US), HP Hood LLC (US), Kraft Heinz Company (US), and Saputo Inc. (Canada).
Regional Analysis
North America holds a decent share in the sour cream market owing to the high dependency on dairy products in food preparations as well as baked goods. Asia-Pacific is witnessed to be the fastest growing market for sour cream owing to the growing population that is mainly inclined towards the adoption of global eating habits. Globally, the market is growing at a steady rate, and it is expected that the key players will strengthen the distribution system, thereby, increasing the consumer base.
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Segmentation
The market, by packaging type, has been segmented into bottles, tubs/cups, squeezers, and others.
The market, by distribution channel, has been segmented into store based and non-store based.
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