Global packaged sour cream substitutes industry overview
The introduction of new products with improved taste along with effective marketing are major factors driving the growth of packaged sour cream substitutes market. Several packaged sour cream substitute manufacturers are expanding their manufacturing capacities while improving distribution networks and launching new offerings.
The introduction of new technologies in the manufacturing process and the use of bi-products of packaged sour cream substitutes is one of the key sour cream substitutes market trends which will drive the growth of this market. Acid whey is a by-product generated during Greek yogurt production. This product is believed to have a detrimental effect on the environment if untreated. However, the presence of water-insoluble proteins and high-acid content of the liquid makes it quite difficult for filtering acid whey. This has induced companies to develop techniques to neutralize this acid and use it as a food product bulking or sweetening agent. Other players like Danon are using it as animal feed and biodigester as part of their plan for agricultural recycling. Fueled by these factors, the packaged sour cream substitutes market will grow at a CAGR of over 9% during the forecast period.
Top packaged sour cream substitutes companies covered in this market research report
The packaged sour cream substitutes market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this packaged sour cream substitutes industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Packaged sour cream substitutes market segmentation based on geographic regions
Packages Sour Cream Substitutes market analysis reveals that the Americas will lead the sour cream substitutes market share and the APAC region will account for the highest growth of this market throughout the forecast period.
Packaged sour cream substitutes market segmentation based on products
Packaged Greek yogurt
Packaged cottage cheese
Other packaged sour cream substitutes
The packaged Greek yogurt segment will occupy the largest packaged sour cream substitutes market share during the forecast period while other packaged sour cream substitutes (which includes buttermilk, packaged coconut milk among others) will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the packaged sour cream substitutes market size.
Key highlights of the global packaged sour cream substitutes market for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the packaged sour cream substitutes market during the next five years
Precise estimation of the global packaged sour cream substitutes market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the packaged sour cream substitutes industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of packaged sour cream substitutes companies
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