According to the latest report by IMARC Group, titled “Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian cream market size reached a value of INR 6.12 Billion in 2021. Cream refers to a dairy product which is utilized to give a smooth texture and consistency to food products. As a result, it is widely used in the preparation of numerous dishes, desserts and beverages, including ice-creams, salads, sweet meals, tea, coffee, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
In India, the growing utilization of cream in several food products, such as ice-creams, milkshakes, tea, coffee, sauces, etc., is primarily catalyzing the product demand. Furthermore, the changing consumer dietary patterns and increasing preferences for various western dishes, such as chowder, crème brûlée, tiramisu, etc., is also propelling the market growth. Besides this, the expanding health-conscious consumers, along with the emergence of organic product variants is further augmenting the growth of the cream market in the country. Additionally, a significant growth in the food processing industry and introduction of advanced technologies for improving the shelf life of cream, are anticipated to fuel the product demand in India over the forecasted period. Looking forward, IMARC Group expects the market to reach INR 13.18 Billion by 2027, exhibiting at a CAGR of 13.18% during 2022-2027.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- GCMMF
- Mother Dairy
- Parag Milk Foods
The report has examined the Indian Cream Market in 15 major states:
- Maharashtra
- Uttar Pradesh
- Andhra Pradesh
- Tamil Nadu
- Gujarat
- Rajasthan
- Karnataka
- Madhya Pradesh
- West Bengal
- Bihar
- Delhi
- Kerala
- Punjab
- Orissa
- Haryana
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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