Market Overview:
The global packaged sour cream substitutes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for healthy and convenient food products. In addition, the growing trend of using sour cream substitutes in various applications such as sauces, soups, baked products, chocolate and ice cream is also contributing to the growth of this market. Some of the major players operating in this market are General Mills Inc., Kraft Heinz Company, Danone SA and Nestle SA.
Product Definition:
Packaged sour cream substitutes are products that can be used in place of sour cream in recipes. They are often made from dairy or soy, and they come in a variety of flavors and textures. Packaged sour cream substitutes can be important for people who have allergies or dietary restrictions, or who do not like the taste of traditional sour cream.
Packaged Greek yogurt:
Packaged Greek yogurt is a dairy product, which is produced by bacterial fermentation of milk. It has several advantages over conventional yogurts as it contains protein, calcium and vitamin D. The product also provides digestive health benefits due to the presence of probiotics in it.
The U.S., China and India are the major markets for packaged greek yogurt in the world owing to growing consumer awareness about its various health benefits such as weight control, improvement of heart health etc.
Packaged Cottage Cheese:
Packaged Cottage Cheese is a food product made by the curdling of whole milk. It has a texture similar to that of regular cheese and is available in various flavors such as plain, strawberry, blueberry, etc. The product was first introduced in Europe and currently holds significant market share across North America & Asia Pacific regions owing to its high demand among consumers as an alternative for sour cream or regular cheese.
Application Insights:
Packaged cream sauces and soups led the market in 2017, accounting for over 30.0% share of the overall revenue. The segment is projected to expand further at a steady CAGR from 2018 to 2030 owing to its wide application scope in various foods and preparations including casseroles, macaroni & cheese, soups, chowders, gazpacho soup as well as salad dressings.
The baked products segment is also expected to witness significant growth over the forecast period on account of rising demand for healthier food options across various regions coupled with an increasing preference towards home-baked goods among consumers globally. This trend has particularly benefited packaged sour cream substitutes industry as these products are available in pre-portioned packaging ideal for single serving applications or households.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high demand for dairy products from countries, such as Germany, U.K., and France. Moreover, these products are considered an essential ingredient in many traditional European dishes that are being increasingly adopted by the consumers of other regions.
North America is also expected to witness significant growth due to growing vegan population along with changing lifestyles which has resulted into increased demand for plant-based foods among youth population; Packaged Greek yogurt accounted for more than 50% share in this region owing to its wide range product applications such as pizza base, dip substitute for chips/crackers/vegetables etc.
Growth Factors:
- Increasing demand for healthy and organic food products: The global packaged sour cream substitutes market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for healthy and organic food products across the globe.
- Rising awareness about the health benefits of sour cream substitutes: There is a growing awareness among consumers about the health benefits of consuming sour cream substitutes, which is driving their demand in developed as well as developing countries.
- Growing popularity of veganism and vegetarianism: The popularity of veganism and vegetarianism is rising rapidly, which is leading to an increase in demand for plant-based dairy alternatives such as packaged sour cream substitutes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Packaged Sour Cream Substitutes Market Research Report
By Type
Packaged Greek yogurt, Packaged Cottage Cheese, Others
By Application
Cream Sauces and Soups, Baked Products, Chocolate, Ice Cream
By Companies
Chobani, Daisy Brand, Danone, Dean Foods, FAGE, General Mills, Kraft Heinz, Chobani
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Packaged Sour Cream Substitutes Market Report Segments:
The global Packaged Sour Cream Substitutes market is segmented on the basis of:
Types
Packaged Greek yogurt, Packaged Cottage Cheese, Others
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
Cream Sauces and Soups, Baked Products, Chocolate, Ice Cream
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:
- Chobani
- Daisy Brand
- Danone
- Dean Foods
- FAGE
- General Mills
- Kraft Heinz
- Chobani
Highlights of The Packaged Sour Cream Substitutes 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:
- Packaged Greek yogurt
- Packaged Cottage Cheese
- Others
- By Application:
- Cream Sauces and Soups
- Baked Products
- Chocolate
- Ice Cream
- 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 Packaged Sour Cream Substitutes 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
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- Consumer Insights
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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?
Packaged sour cream substitutes are products that are designed to replicate the taste and texture of regular sour cream. They can be made from a variety of ingredients, including milk, yogurt, and cheese.
Some of the key players operating in the packaged sour cream substitutes market are Chobani, Daisy Brand, Danone, Dean Foods, FAGE, General Mills, Kraft Heinz, Chobani.
The packaged sour cream substitutes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size & Forecast, 2018-2028 4.5.1 Packaged Sour Cream Substitutes Market Size and Y-o-Y Growth 4.5.2 Packaged Sour Cream Substitutes Market Absolute $ Opportunity
Chapter 5 Global Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Type
5.2.1 Packaged Greek yogurt
5.2.2 Packaged Cottage Cheese
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Applications
6.2.1 Cream Sauces and Soups
6.2.2 Baked Products
6.2.3 Chocolate
6.2.4 Ice Cream
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Analysis and Forecast
9.1 Introduction
9.2 North America Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Type
9.6.1 Packaged Greek yogurt
9.6.2 Packaged Cottage Cheese
9.6.3 Others
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 Packaged Sour Cream Substitutes Market Size Forecast by Applications
9.10.1 Cream Sauces and Soups
9.10.2 Baked Products
9.10.3 Chocolate
9.10.4 Ice Cream
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 Packaged Sour Cream Substitutes Analysis and Forecast
10.1 Introduction
10.2 Europe Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Type
10.6.1 Packaged Greek yogurt
10.6.2 Packaged Cottage Cheese
10.6.3 Others
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 Packaged Sour Cream Substitutes Market Size Forecast by Applications
10.10.1 Cream Sauces and Soups
10.10.2 Baked Products
10.10.3 Chocolate
10.10.4 Ice Cream
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 Packaged Sour Cream Substitutes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Type
11.6.1 Packaged Greek yogurt
11.6.2 Packaged Cottage Cheese
11.6.3 Others
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 Packaged Sour Cream Substitutes Market Size Forecast by Applications
11.10.1 Cream Sauces and Soups
11.10.2 Baked Products
11.10.3 Chocolate
11.10.4 Ice Cream
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 Packaged Sour Cream Substitutes Analysis and Forecast
12.1 Introduction
12.2 Latin America Packaged Sour Cream Substitutes 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 Packaged Sour Cream Substitutes Market Size Forecast by Type
12.6.1 Packaged Greek yogurt
12.6.2 Packaged Cottage Cheese
12.6.3 Others
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 Packaged Sour Cream Substitutes Market Size Forecast by Applications
12.10.1 Cream Sauces and Soups
12.10.2 Baked Products
12.10.3 Chocolate
12.10.4 Ice Cream
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) Packaged Sour Cream Substitutes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Packaged Sour Cream Substitutes 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) Packaged Sour Cream Substitutes Market Size Forecast by Type
13.6.1 Packaged Greek yogurt
13.6.2 Packaged Cottage Cheese
13.6.3 Others
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) Packaged Sour Cream Substitutes Market Size Forecast by Applications
13.10.1 Cream Sauces and Soups
13.10.2 Baked Products
13.10.3 Chocolate
13.10.4 Ice Cream
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 Packaged Sour Cream Substitutes Market: Competitive Dashboard
14.2 Global Packaged Sour Cream Substitutes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chobani
14.3.2 Daisy Brand
14.3.3 Danone
14.3.4 Dean Foods
14.3.5 FAGE
14.3.6 General Mills
14.3.7 Kraft Heinz
14.3.8 Chobani