The surge in veganism and plant-based diets is driving demand for non-dairy creamers, appealing to health-conscious consumers with lower calorie and saturated fat content compared to traditional dairy options. This trend is expected to propel the non-dairy creamer market forward. Their in-depth report offers a comprehensive analysis of market growth factors, challenges, and opportunities, including investment analysis and insightful market landscape assessments. Gain a competitive edge - access the sample summary report today.
NEWARK, Del., March 26, 2024 /PRNewswire/ -- According to Future Market Insights (FMI), the worldwide non-dairy creamer market is valued at US$ 3,260.5 million in 2024 and US$ 6,587.3 million by 2034. By 2034, global non-dairy creamer demand is expected to increase at a CAGR of 7.3%.
Key Coverage in the Non-dairy Creamer Industry Report
- Adjacent Study on Non-dairy Creamer Market
- Indian Flavoured and Non-dairy Creamer Market
- Non-dairy Creamer Market Size, Current Insights, and Demographic Trends
- Global Non-dairy Creamer Sales Market
- Demand-side and Supply-side Trends Analysis of Non-dairy Creamer Sales Industry
- Investment Feasibility Matrix
- PESTLE and Porter's Analysis
Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-8691
The growing popularity of veganism and plant-based diets has created a surge in demand for non-dairy products, including non-dairy creamer. Non-dairy creamer is often low in calories and saturated fat, which makes it a popular choice for those looking to reduce their intake of dairy products. These are the key factors that are expected to surge the demand for non-dairy creamer.
The leading factor expected to fuel the growth of the non-dairy creamer market across the globe is the rising rate of lactose intolerance among the global population. Innovative marketing strategies employed by leading non-dairy creamer manufacturers are expected to boost the market during the forecast period. For instance,
- Starbucks, in collaboration with Nestle, released two flavors of non-dairy creamers: Caramel and Hazelnut.
- Danone launched a new range of plant-based coffee creamers called Honest to Goodness, aiming to attract younger coffee drinkers who prioritize sustainable and transparent ingredient sourcing.
The growing e-commerce platforms are making it easy for non-dairy cream manufacturers to reach a wider consumer base. With online marketplaces, manufacturers are expanding their reach into new markets and tapping into the global market.
Key Takeaways from the Non-dairy Creamer Market Report:
- The global non-dairy creamer market is expected to reach a valuation of US$ 6,587.3 million by 2034.
- Global demand for non-dairy creamer is likely to soar at 7.3% CAGR over the forecast period.
- North America is projected to hold a dominant value share of 21.9% in the global market by 2034.
- Japan's market is estimated to witness a value CAGR of 7.6% during the projection period.
- The United States non-dairy creamer industry is poised to exhibit a CAGR of 5.9% during the assessment period.
"The non-dairy creamer market continues to thrive, fueled by a global shift toward plant-based alternatives and rising health consciousness. As demand for lactose-free and vegan products grows, manufacturers are focusing on clean-label ingredients and sustainability practices to stay competitive in this dynamic market."- says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Competitive Landscape
Nestle SA, Danone SA, TreeHouse Foods Inc., Rich Products Corporation, Korn Thai Co. Ltd., and Preserved Food Specialty Co. Ltd. are key non-dairy creamer manufacturers listed in the report. Key companies are concentrating on expanding their portfolios by launching new products. They also use strategies such as advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance,
In 2022, Nestlé's brand, Coffee Mate, launched plant-based creamers in French Vanilla and Caramel flavors after 50 years.
Purchase now and gain full access to the Non-dairy Creamer Industry report, featuring comprehensive Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global non-dairy creamer market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study incorporates compelling insights on the non-dairy creamer market based on form (powder and liquid), base (plant-based milk, vegetable oil, and palm oil), end-use (food service, food processing, travel retail, and household/retail), and regions.
About the Food & Beverage Division at Future Market Insights (FMI)
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverage team at Future Market Insights (FMI) helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and one million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About the Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. Another feather to her cap manifests in the form of process automation. She is vocal about bringing automation to the fore to bring a 360-degrees-round revolution in manufacturing sector
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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