Growth in Sales of Non Dairy Whipping Agents Market to Push Revenue Growth in the Global Market

With evolving consumer preferences, the F&B industry is constantly witnessing a wave of dairy-free and vegan products over the recent past. In addition, rampant expansion of bakery and ice cream sectors continues to underscore a few highly impactful industry trends, of which non-dairy whipping agents constitutes an important one.

Receiving a prominent push from the dramatically growing vegan dietary trend, the cumulatively increasing bakery consumption also continues to boost the revenue growth of non-dairy whipping agents market.

In 2019, the global revenue of non-dairy whipping agents market is likely to surpass US$ 375 million, as indicated by a new study on the global non-dairy whipping agents market published by Persistence Market Research.

As the report suggests, food processing remains the largest end use segment, accounting for a roughly 55% revenue share in the non-dairy whipping agents market. The study also offers exclusive insights on the form of non-dairy whipping agents. Owing to the cost benefit during transit, cold storage, shipping, and maintenance, liquid whipping agents continue to generate the most of market revenue, over powdered non-dairy whipping agents.

Desserts Register Rising Consumption of Non-dairy Whipping Agents

The report states that bakery and desserts collectively account for more than 70% share of the total value of non-dairy whipping agents market – the share of bakery is however relatively higher.

While baking is most likely to remain the most sought after application of non-dairy whipping agents owing to a consistent upsurge in the demand for stabilizers and whipped toppings, the report points to prominently growing adoption of whipping agents for taste enhancement.

Request for Sample Report: https://www.persistencemarketresearch.com/samples/25918

“At an estimated yearly revenue growth of more than 4%, desserts will register a decent incremental opportunity over coming years. Looking at the significantly rising popularity of light, creamy, and rich textured desserts that are healthy and taste excellent, it is more likely that the consumption of non-dairy whipping agents will display steady growth within the desserts segment,” says a senior research analyst at PMR.

A growing number of manufacturers are striving for innovation of non-dairy whipping agents to cater to evolving demands of the trending vegan lifestyle. Ice creams, desserts, and baked products are most likely to demonstrate notable innovation and consumption. Aerated food products segment is highlighted as a rapidly emerging segment.

The Limelight Still Belongs to Europe’s Non-dairy Whipping Agents Market

Europe secures the top ranking position globally, followed by North America. The former currently holds around 1/3rd share in the total value of non-dairy whipping agents market owing to a few prominent factors, including –

  • Largest bakery market across the globe
  • Highest aerated food products consumption
  • Presence of the premium class consumer
  • High consumer awareness about healthful food ingredients

Request for methodology: https://www.persistencemarketresearch.com/methodology/25918

Despite the two developed regional markets are likely to remain the dominant over others in the global marketplace, the report indicates that Asia Pacific reflects a relatively higher growth potential. This growth is attributed to the widening expanse and diversification of bakery sector across Asian economies and rapid industrialization of the F&B industry in the region.

Research also positions Latin America’s market for non-dairy whipping agents as an attractive regional territory for investors, as the region is steadily witnessing a growing consumer preference for healthful products that are available in a wide range of flavors.

Elevating Palm Oil Trade Activities Push Market Growth

Indigenous to West Africa, oil palms are cultivated across the globe, including the entire African continent, North America, Asia Pacific, and Latin America regions. Indonesia is currently the top producer and exporter of palm oil, followed by Malaysia.

As palm oil constitutes one of the key ingredients used in the making of non-dairy whipping agents, the flourishing palm oil market scenario is directly stimulating the growth of non-dairy whipping agents.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/25918

About us:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing start-ups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

Jayprakash Sharma

Persistence Market Research

Address – 305 Broadway, 7th Floor New York City,

NY 10007 United States

U.S. Ph. – +1-646-568-7751

USA-Canada Toll-free – +1 800-961-0353

Sales – sales@persistencemarketresearch.com

Website – https://www.persistencemarketresearch.com

Recommended For You

About the Author: yogesh sengar

Leave a Reply

Your email address will not be published. Required fields are marked *