Sour Cream Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.54 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sour Cream Market Analysis
The global sour cream market is expected to register a CAGR of 2.54% during the forecast period.
- Sour cream contains beneficial bacteria, which support digestive health, thus, boosting its demand. Increased demand for low-fat sour cream, convenient packaging format, consumption of toppings, and organic sour cream has fueled the sour cream market's growth worldwide. The consumer demand for convenient and healthy on-the-go snack options is the primary attribute for selling dairy products like sour cream worldwide.
- Consumers increasingly demand various flavors in sour creams, such as spicy, roasted, and exotic combinations. Heluva Good! offers sour cream beer-battered onion ring dip, made with fried sweet yellow onions, lager, and sour cream. Sour cream is mostly consumed with snacks as a dip, topping, or mixed with other ingredients to use as a spread. Savory and spice are consumers' preferred flavors as they combine perfectly with salty snacks.
- Dairy-based products like sour cream are naturally high in calcium content and are perceived as a healthy snacking option. These products' health benefits with probiotic properties, especially their ability to improve digestion and the immune system, have attracted consumers worldwide. Health and wellness trends have led to the inclination of consumers toward low-fat, lactose-free, and calcium-rich variants of sour cream products.
Sour Cream Market Trends
This section covers the major market trends shaping the Sour Cream Market according to our research experts:
Growing Demand for Lactose-free Sour Cream Products
- The prevalence of lactose intolerance in North American and European countries has created a burgeoning demand for lactose-free sour cream. The demand for lactose-free organic sour cream is primarily driven by increasing consumption of baked products and savory products as they provide lightening properties to these products.
- Additionally, healthy eating is a prominent trend in the market that propels the demand for lactose-free and organic sour cream products. The increased launch of lactose-free dairy products and their acceptance among consumers represent a substantial opportunity for dairy alternative manufacturers. Also, the growing cholesterol problem among consumers has paved the demand for fat-free, low-fat, and other sour cream products. Thus, such products are expected to boost the market for sour cream during the forecast period.
- Manufacturers in the market are focused on offering innovative products suiting the changing demands of consumers to increase their customer base. These players are also innovating products in terms of packaging to attract customers further.
- For instance, in August 2021, Good Culture launched lactose-free sour cream in the United States. The lactose-free sour cream was made available in squeezable and tub packaging formats.
Europe Holds A Significant Market Share
- The market studied is primarily driven by the rising health consciousness among consumers seeking protein and calcium-rich food products. Moreover, factors such as the increasing government-run health and wellness campaigns designed to combat obesity and related problems (diabetes, high blood pressure, heart disease, and high cholesterol) have been encouraging consumers to purchase healthier products, which has been directly fueling the growth of sour cream in the region.
- Moreover, the growing demand for organic products in the market is raising the demand for organic sour cream in the region. In the European region, sour cream is comparably popular with the yogurt category and is well-positioned as a wonderfully fermented product. Also, it is widely used as an ingredient in cakes, cookies, biscuits, donuts, and scones.
- The growing market of dairy alternatives in the European region has shifted consumer preference and industrial applications to incorporate dairy-free sour cream. For consumers with lactose intolerance, manufacturers in the region are introducing lactose-free sour creams, which are expected to drive market growth over the coming years.
Sour Cream Industry Overview
The market studied is competitive with the existence of both local as well as global players. New product launches in various formats, such as dip, exotic flavored sour cream, and new convenient packaging, are among the key strategies being adopted by companies. Private-label brands provide tough competition to existing players with their flavored product offerings. The prime factors determining the market players and their position in the concerned market include the continuous launch of new products with various claims, such as low fat, lactose-free, and high quality. Companies are considerably active in investing in the target segments. Thus, the key players are embarking on expansion as one of their key strategies to achieve consolidation, optimize their offerings, and increase their consumer base. Kraft Heinz Company, Dean Foods, Fonterra Co-operative Group Limited, Danone SA, and Green Valley Creamery, among others, are the key players in the market.
Sour Cream Market Leaders
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Dean Foods
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Fonterra Co-operative Group Limited
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The Kraft Heinz Company
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Green Valley Creamery
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Danone SA
*Disclaimer: Major Players sorted in no particular order
Sour Cream Market News
- January 2023: Violife launched its new dairy-free sour cream in the United States. This was in line with the company's aim to expand its presence in the dairy-free market in the country. Moreover, the product is available in around 883 Walmart stores in the country.
- October 2022: PA Dairy Processor expanded their capacity of production of sour cream, owing to the increasing demand for the same in the market.
- September 2021: Only Plant Based, a plant-based condiment company in Birmingham, launched vegan mayo, sour cream, and dressings at retailers across the United States. The plant-based brand uses rapeseed oil, spirit vinegar, vegetables, and spices, to craft its condiments, which come in varieties such as garlic mayo, chipotle mayo, ranch, and sour cream.
Sour Cream Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Organic
5.1.2 Conventional
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Germany
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 The Kraft Heinz Company
6.3.2 Dean Foods
6.3.3 Fonterra Co-operative Group Limited
6.3.4 Green Valley Creamery
6.3.5 Organic Valley
6.3.6 Prairie Farms Dairy
6.3.7 Daisy Brand LLC
6.3.8 Laiterie Chalifoux
6.3.9 Danone SA
6.3.10 Nestle SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
Sour Cream Industry Segmentation
Sour cream is a dairy product obtained by fermenting regular cream with certain kinds of lactic acid bacteria. The bacteria culture is introduced, either deliberately or naturally.
The global sour cream market is segmented by type, distribution channel, and geography. Based on type, the market includes organic and conventional sour cream. The distribution channels adopted by manufacturers to distribute their product offerings to a wide consumer base include supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. The market has been studied thoroughly for countries in regions across the world, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa.
The report offers market size and forecasts for all the above segments in value (USD million).
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Sour Cream Market Research FAQs
What is the current Sour Cream Market size?
The Sour Cream Market is projected to register a CAGR of 2.54% during the forecast period (2024-2029)
Who are the key players in Sour Cream Market?
Dean Foods, Fonterra Co-operative Group Limited, The Kraft Heinz Company, Green Valley Creamery and Danone SA are the major companies operating in the Sour Cream Market.
Which is the fastest growing region in Sour Cream Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sour Cream Market?
In 2024, the Europe accounts for the largest market share in Sour Cream Market.
What years does this Sour Cream Market cover?
The report covers the Sour Cream Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sour Cream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sour Cream Industry Report
Statistics for the 2024 Sour Cream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sour Cream analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
