Global
Sour Cream Substitutes Market: Overview
Sour
cream is a type of fermented dairy product, rich in fat. Sour cream
is usually used as a topping on food products, such as salad
dressing, baked product, fruits or vegetables etc. The creamy
ingredient is a perfect choice for dips by most of the consumers.
Sour cream is high in calories as well as in fats, which can be
easily substituted by its substitutes such as cottage cheese, greek
yoghurt, soy, avocados etc. Health conscience consumers or the
consumers with health issues are major buyers of the sour cream
substitutes. Greek yoghurt as a substitute for sour cream is most
widely used in the market with variety of types such as whole milk
greek yoghurt, whole milk plain yoghurt, non-fat plain yoghurt.
Besides, the greek yoghurt has also contributed in increasing the
dairy products consumption owing to its popularity and health
benefits such as low fat and sugar. In countries such as Canada, U.K,
Austria etc. the trend of consuming lower fat foods, helps the sour
cream substitute market to grow.
Global
Sour Cream Substitutes Market: Drivers and Restraints
The
sour cream substitutes outperform the sour cream in terms of
nutritional benefits. The global sour cream market is primarily
driven by the growing demand for low-fat dairy products. The strong
changing dynamics of the global dairy industry such as intake of
extended shelf life dairy products, adoption of a healthier
lifestyle, organic & probiotic foods etc. helps the global sour
cream substitute market to expand further. Further, the fastest
growing fast food centres are among the top consumers for sour cream
substitutes and also one of the key parameters for growth statistics
of the global
sour cream substitutes market.
The regulations such as Food Safety Modernization Act (FSMA), Farm
Bill/Act, Safe Quality Food (SQF), etc. boots the global sour cream
substitute market.
Global
Sour Cream Substitutes Market: Segmentation
On
the basis of substitute type, sour cream substitutes market can be
segmented as follows:-
- Cottage Cheese
- Buttermilk
- Greek Yoghurt
- Soy
- Avocados
- Coconut Milk
- Others
On
the basis of the distribution channel, sour cream substitutes market
can be segmented as follows:-
- Grocery stores
- Supermarket/hypermarket
- Convenience stores
- Online
- Others
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Global
Sour Cream Substitutes Market: Region wise Outlook
The
global sour cream substitutes market is divided into seven regions,
namely North America, Latin America, Asia Pacific excluding Japan
(APEJ), Western Europe, Eastern Europe, Japan and the Middle East and
Africa (MEA). North America holds a major share in the global sour
cream substitute market, owing to the increasing demand for
probiotics food. The sour cream substitute market in Canada is quite
healthy owing to the consumer preference for low-calorie food intake.
Followed by North America, is Japan where dairy farming is an
important agricultural production and also people are more inclined
in using low-fat diet. The sour cream market in APEJ is expected to
grow at healthy CAGR during the forecast period with factors such as
growing retail sector, penetration of online selling of food items,
demographic trends etc. are expected to contribute towards the growth
in the region.
Global
Sour Cream Substitutes Market: Key Players
Some
of the key players identified in the global sour cream substitutes
market include:
- Danone Groupe SA
- NESTLÉ SA
- Ultima Foods Inc.
- General Mills
- Vermont Shepherd
- Cowgirl Creamery Corporation
- Chobani Inc.
- Yakult Honsha Co. Ltd
- Kraft Foods Group, Inc.
- Fonterra
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