Market Research Logo

Global Sour Cream Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Sour Cream Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)

The global Sour cream market was valued at USD 1.6 billion in 2017 and is expected to register a faster growth rate during 2018-2023. The global Sour cream volume sale is expected to witness a CAGR of 1.7%, during the forecast period. Europe consumed about 304 million Kg of Sour Cream in 2017 with Germany the largest market.

The leading countries for sour cream consumption are US, Germany, Poland, France, and UK, which is followed by eastern and central European countries. North America is expected to grow at a faster pace due to high demand of cultured dairy products. Sour cream contains beneficial bacteria, which supports digestive health thus rising in demand. Increased demand for low fat sour cream, convenient packaging format, consumption of toppings, growing demand for organic whipped cream, and low fat cream has fueled the Sour Cream market growth.

Innovative Packaging Led the Way

Sour cream is mostly consumed as toppings on snacks, baked potatoes, and bakery products. Flexible packaging allows consumer to pour cream easily. Recently Daisy launched new flexible pack of sour cream, which has received various award for its innovative technology and revolutionary design. The packaging has inverted pouch shape with dispensing solution.

Consumers are demanding various flavors, such as spicy, roasted, exotic combinations in sour cream. Brands, such as Heluva Good! Launched sour cream Beer-Battered Onion Ring dip, which is made with fried sweet yellow onions, lager, and sour cream. Sour cream are mostly consumed with snacks as dip, toppings or mixed with other ingredients to use as a spread. Savory and spice are the most preferred flavor by consumers as it combines perfect with salty snacks.

North America Driving sales

Sour cream is a traditional product originated in Europe, which penetrated its demand worldwide mainly in North America. US is the largest consumer of sour cream after Germany and France with a volume consumption surpassed 40 million Kg in 2016. Canada sour cream market size is expected to reach around three-fourth of US by 2023, witnessing a fastest volume CAGR of 4.9%.

The sour cream consumption pattern varies from country to country. In US, it is put on hot dishes with Chives where texture over taste is of high concern for the product. In other countries, such as France and Mexico it is eaten with dessert and savory snacks, where flavor and mouth feel is of great importance. Designing product based on the application offer potential sour cream opportunity to companies.

Key Developments

  • Sepetember 2017 - Klondike Cheese Co. launched Adelphos® Reduced Fat Sour Cream. The product has 40% less fat than the traditional sour cream. The product has only 25 calorie per serving while other leading brands of sour cream product contains an average of 64 calorie per serving

  • The global Sour Cream market is concentrated among few major players. New product launches in various format, such as dip, exotic flavored sour cream, and new convenient packaging are the key strategy adopted by the companies. Private label brands provides tough competition to the existing players with their flavored product offeringsMajor Players - KRAFT FOODS GROUP, INC., DAISY BRAND LLC, DEAN FOODS, UNILEVER PLC, THE TROPICAL HOUSE GMBH & CO. KG, amongst others.

    Reasons to Purchase this Report
  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
  • Distribution Channel sales Analysis by Value
  • Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel
  • Customization of the Report
  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

  • 1. Introduction
    1.1 Key Deliverables of the Study
    1.2 Study Assumptions
    1.3 Research Methodology
    2. Executive Summary
    3. Market Insights
    3.1 Market Overview
    3.2 Industry Value Chain Analysis
    3.3 Industry Attractiveness - Porter's Five Forces Analysis
    3.3.1 Bargaining Power of Suppliers
    3.3.2 Bargaining Power of Consumers
    3.3.3 Threat of New Entrants
    3.3.4 Threat of Substitutes
    3.3.5 Intensity of Competitive Rivalry
    4. Market Dynamics
    4.1 Drivers
    4.1.1 Increased Demand for Short Range Wireless Devices
    4.1.2 Evolution in Bluetooth and Wireless Technology
    4.1.3 Major Companies Sharing the Platform to Develop Standard Product
    4.1.4 Improved Battery Life of Wireless Products
    4.2 Restraints
    4.2.1 Presence of Substitute Wired Product
    5. Global Wireless USB Market Segmentation
    5.1 Application
    5.1.1 Bluetooth
    5.1.2 Wi Fi
    5.1.3 Input/Output Devices
    5.1.4 Others
    5.2 Region
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia-Pacific
    5.2.4 Latin America
    5.2.5 Middle East & Africa
    6. Competitive Intelligence - Company Profiles
    6.1 8Bitdo Tech Co., Ltd.
    6.2 Apple Inc.
    6.3 Dell Inc
    6.4 Fujitsu Corporation
    6.5 HP Development Company, L.P.
    6.6 Koninklijke Philips N.V.,
    6.6.1 Lenovo Inc
    6.7 Logitech Inc
    6.8 Microsoft Corporation
    6.9 Toshiba Corporation
    6.10 Zebronics India Pvt Ltd
    *List not exhaustive
    7. Investment Analysis
    7.1 Recent Mergers and Acquisitions
    7.2 Investor Outlook
    8. Future Outlook of Global Wireless USB Market

    Download our eBook: How to Succeed Using Market Research

    Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

    Download eBook

    Share this report