Ultra-pasteurized Double Cream Market Analysis and Latest Trends
Ultra-pasteurized double cream is a dairy product that has been treated with ultra-high temperature (UHT) pasteurization to extend its shelf life and maintain freshness. This process involves heating the cream to a higher temperature for a shorter period of time compared to traditional pasteurization methods.
The market for ultra-pasteurized double cream is experiencing significant growth, driven by factors such as increasing consumer demand for convenience foods, growing awareness of the benefits of dairy products, and the rise in popularity of gourmet cooking at home. The rapid urbanization and changing lifestyles have also contributed to the rising demand for premium dairy products like ultra-pasteurized double cream.
The market is expected to continue growing at a CAGR of 13.5% during the forecast period, with key trends including the introduction of innovative flavors and varieties of double cream, increased focus on sustainable and organic products, and expanding distribution channels such as online retail platforms. Manufacturers are also investing in product development and marketing strategies to capitalize on the growing demand for high-quality dairy products.
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Ultra-pasteurized Double Cream Major Market Players
In the competitive landscape of the ultra-pasteurized double cream market, some key players include Fonterra, Agropur, Organic Valley, Dean Foods, Arla Foods, Byrne Dairy, Rockview Farms, Emborg, and Darigold.
Fonterra, a New Zealand-based cooperative, is one of the leading players in the dairy industry globally. They have a strong presence in the ultra-pasteurized double cream market owing to their high-quality products. Agropur, a Canadian dairy cooperative, is another major player with a diverse product portfolio that includes ultra-pasteurized double cream. Organic Valley, an American cooperative of organic farmers, has also gained a significant market share in the segment due to the growing preference for organic products.
Dean Foods, a U.S.-based dairy company, has a presence in the ultra-pasteurized double cream market through its various brands and distribution networks. Arla Foods, a Scandinavian cooperative, has seen growth in the market due to its focus on sustainable and organic dairy products.
Darigold, a U.S.-based dairy cooperative, has also seen growth in the ultra-pasteurized double cream market due to its focus on high-quality and locally sourced products.
The market size for ultra-pasteurized double cream is expected to grow further in the coming years due to the increasing demand for convenience foods and rising awareness about the benefits of dairy products.
In terms of sales revenue, Fonterra reported sales of $15.7 billion in 2020, while Agropur reported sales of $6.7 billion in the same year. Dean Foods reported sales of $7.8 billion in 2019, while Arla Foods reported sales of $13.6 billion in the same year. These figures indicate the significant market presence and growth potential of these companies in the ultra-pasteurized double cream market.
What Are The Key Opportunities For Ultra-pasteurized Double Cream Manufacturers?
The Ultra-pasteurized double cream market is experiencing steady growth due to the increasing demand for premium dairy products worldwide. Factors such as changing consumer preferences towards high-fat content dairy products and rising awareness about the health benefits of double cream are driving the market. The market is expected to witness further growth in the coming years, fueled by the growing foodservice industry and the adoption of western food trends in emerging markets. Innovations in packaging and product formulations, as well as the emphasis on sustainable and organic production practices, are anticipated to further boost market growth and expansion.
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Market Segmentation
The Ultra-pasteurized Double Cream Market Analysis by types is segmented into: