Market Overview:
The global custard powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for custard powder in home and restaurant applications, and increasing awareness about the benefits of using custard powder. Based on type, the global custard powder market is segmented into instant custard powder and general purpose custard powder. The instant variety is witnessing higher demand due to its convenience and easy-to-use properties. It can be directly added to milk or other liquids without any prior preparation, which makes it a preferred choice for busy households. General purpose Custard Powder is used for a wide range of applications such as desserts, bakery items, ice creams etc., owing to its versatility in terms of flavor and texture profile. Regionally, North America dominates the global Custard Powder Market followed by Europe due high consumption rates in these regions coupled with presence of major players operating in these regions.
Product Definition:
Custard Powder is a powder that is used to make custard. It is made up of cornstarch, sugar, and vanilla. It is important because it helps thicken the custard and gives it a good flavor.
Instant Custard Powder:
Instant custard powder is a dry mix made up of egg yolk, milk and cornflour. It can be used as an alternative to the liquid version in any recipe that requires a custard base. The product was first launched in Australia by Unilever under the brand name Nesquik.
General Custard Powder:
General custard powder is a blend of flour, milk, egg yolk and corn starch. It is used in making various types of custards such as crème caramel, vanilla ice cream and other desserts.
Application Insights:
The restaurant segment dominated the global market in 2017. The product is used as a base for making various types of ice cream and frozen desserts. It helps enhance the taste, texture, and consistency of the end products. Furthermore, it acts as an important ingredient in several bakery & confectionery products such as cakes, cookies & pastries that are consumed directly or packed for retail sale across the globe.
The home application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing demand among consumers for easy-to-use custard powder at home without having to go out specially for dinner or lunch with friends and family every day. This convenient option saves time while also cutting down on costs associated with food wastage when preparing meals at home due to lack of knowledge about cooking techniques and recipes by chefs/ cooks who should be teaching people how cook instead writing books about them selfs which will only bore readers silly!.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from U.S. and Canada, as well as Mexico. The region is expected to maintain its dominance over the forecast period due to increasing number of restaurants and home delivery services in the U.S., thus boosting product sales across this region. Europe is also expected to be a promising market for custard powder with presence of many prominent players such as Britannia Superfine (BFS) Ltd, Rennovia Foods Sdn Bhd, Otsuka Pharmaceutical Co., Ltd., etc.
Asia Pacific is anticipated to be one of fastest growing regions with a CAGR exceeding 5% during the forecast period owing to rapid development taking place in China and India especially Mumbai city which has been declared as financial capital of Asia by International Monetary Fund (IMF).
Growth Factors:
- Increasing demand for custard powder in bakery and confectionery products.
- Rising trend of ready-to-eat and convenience foods.
- Growing popularity of frozen desserts and ice creams.
- Proliferation of fast food chains and restaurants across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Custard Powder Market Research Report
By Type
Instant Custard Powder, General Custard Powder
By Application
Home, Restaurant
By Companies
Weikfield, GD Foods, Premier Foods, Kraft Foods, Pillsbury Company, Weikfield
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Custard Powder Market Report Segments:
The global Custard Powder market is segmented on the basis of:
Types
Instant Custard Powder, General Custard Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Restaurant
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Weikfield
- GD Foods
- Premier Foods
- Kraft Foods
- Pillsbury Company
- Weikfield
Highlights of The Custard Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Instant Custard Powder
- General Custard Powder
- By Application:
- Home
- Restaurant
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Custard Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Custard powder is a type of cornstarch that is used to thicken and flavor custards, puddings, ice cream, and other desserts.
Some of the key players operating in the custard powder market are Weikfield, GD Foods, Premier Foods, Kraft Foods, Pillsbury Company, Weikfield.
The custard powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Custard Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Custard Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Custard Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Custard Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Custard Powder Market Size & Forecast, 2018-2028
4.5.1 Custard Powder Market Size and Y-o-Y Growth
4.5.2 Custard Powder Market Absolute $ Opportunity
Chapter 5 Global Custard Powder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Custard Powder Market Size Forecast by Type
5.2.1 Instant Custard Powder
5.2.2 General Custard Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Custard Powder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Custard Powder Market Size Forecast by Applications
6.2.1 Home
6.2.2 Restaurant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Custard Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Custard Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Custard Powder Analysis and Forecast
9.1 Introduction
9.2 North America Custard Powder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Custard Powder Market Size Forecast by Type
9.6.1 Instant Custard Powder
9.6.2 General Custard Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Custard Powder Market Size Forecast by Applications
9.10.1 Home
9.10.2 Restaurant
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Custard Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Custard Powder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Custard Powder Market Size Forecast by Type
10.6.1 Instant Custard Powder
10.6.2 General Custard Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Custard Powder Market Size Forecast by Applications
10.10.1 Home
10.10.2 Restaurant
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Custard Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Custard Powder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Custard Powder Market Size Forecast by Type
11.6.1 Instant Custard Powder
11.6.2 General Custard Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Custard Powder Market Size Forecast by Applications
11.10.1 Home
11.10.2 Restaurant
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Custard Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Custard Powder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Custard Powder Market Size Forecast by Type
12.6.1 Instant Custard Powder
12.6.2 General Custard Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Custard Powder Market Size Forecast by Applications
12.10.1 Home
12.10.2 Restaurant
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Custard Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Custard Powder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Custard Powder Market Size Forecast by Type
13.6.1 Instant Custard Powder
13.6.2 General Custard Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Custard Powder Market Size Forecast by Applications
13.10.1 Home
13.10.2 Restaurant
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Custard Powder Market: Competitive Dashboard
14.2 Global Custard Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Weikfield
14.3.2 GD Foods
14.3.3 Premier Foods
14.3.4 Kraft Foods
14.3.5 Pillsbury Company
14.3.6 Weikfield
