Global Packaged Sour Cream Substitutes Industry

Global Packaged Sour Cream Substitutes Industry

  • April 2021 •
  • 207 pages •
  • Report ID: 5957627 •
  • Format: PDF
Abstract:
- Global Packaged Sour Cream Substitutes Market to Reach $25.9 Billion  by 2027
- Amid the COVID-19 crisis, the global market for Packaged Sour Cream Substitutes estimated at US$15.4 Billion  in the year 2020, is projected to reach a revised size of US$25.9 Billion  by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Packaged Greek Yogurt, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$14.3 Billion  by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Packaged Cottage Cheese segment is readjusted to a revised 6.1% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $4.2 Billion , While China is Forecast to Grow at 11.7% CAGR
- The Packaged Sour Cream Substitutes market in the U.S. is estimated at US$4.2 Billion  in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion  by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
- Other Products Segment to Record 12.1% CAGR
- In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 11.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion  in the year 2020 will reach a projected size of US$3.3 Billion  by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.6 Billion  by the year 2027, while Latin America will expand at a 13.9% CAGR through the analysis period.

- Select Competitors (Total 66 Featured) -
  • Chobani LLC
  • Daisy Brand LLC
  • Danone SA
  • Dean Foods Company
  • FAGE International S.A.
  • General Mills, Inc.
  • The Kraft Heinz Company