Non-Dairy Creamer Market Size Is Likely To Reach A Valuation Of Around USD 2.38 Billion By 2027

Dairy alternative has become a need for consumers who are allergic to conventional milk/milk products.

PORTLAND, OR, US, February 26, 2023 /einpresswire.com / -- Allied Market Research published a report, titled, 'non-dairy creamer market by Origin (Almond, Coconut, Soy & Others), Form (Powdered & Liquid), Nature (Organic and Conventional), and Sales Channel (Supermarkets/Hypermarkets, Online Stores, Departmental Stores, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.' According to the report, the global non-dairy creamer industry generated $1.73 billion in 2019, and is expected to garner $2.38 billion by 2027, witnessing a CAGR of 7.3% from 2021 to 2027.

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Drivers, restrains, and opportunities

Increase in plant-based product demand, expansion of retail sector, and surge in vegan population drive the growth of the global non-dairy creamer market. However, expensive nature and popularity of low-fat and low cholesterol conventional milk hinder the market growth. On the other hand, rise in consumers who are allergic to dairy products and introduction of different taste & flavors of dairy alternative beverages present new opportunities in the coming years.

Major Key Companies Included:

Nestlé S.A.

White Wave Foods

TreeHouse Foods Inc.

Ripple Foods

Nutpods

Super Group Ltd.

Laird Superfood

Califia Farms

Kerry Group, and Rich Product Corporation.

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Based on form, the liquid segment accounted for nearly two-thirds of the global non-dairy creamer market in 2019, and is expected to contribute its highest contribution in terms of revenue by 2027. Moreover, this segment is expected to portray the highest CAGR of 7.4% during the forecast period. This is attributed to convenience and ease of use offered by liquid non-dairy creamers and rise in number of lactose intolerant population across the world. The report also analyzes the powdered form.

Regional Analysis:

North America to continue its leadership status throughout the forecast period

Based on region, North America accounted for the highest share with nearly two-fifths of the total share of the global non-dairy creamer market in 2019, and will continue its leadership status throughout the forecast period. This is attributed to aggressive marketing and positioning strategies, new product launches, and rise in health awareness among consumers. However, Asia-Pacific is estimated to witness the largest CAGR of 8.6% from 2021 to 2027, owing to growing inclination of consumers toward non-dairy products.

Table Of Content:

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research

1.5. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Non-Dairy Creamer market snapshot
2.2. Key findings of the study
2.3. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets

3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rising demand for plant-based products
3.5.1.2. Increase in disposable income
3.5.1.3. Expanding retail market
3.5.1.4. Growth in vegan population

3.5.2. Restraints

3.5.2.1. High price of non-dairy creamer
3.5.2.2. Prominence of low cholesterol and low-fat conventional milk

3.5.3. Opportunity

3.5.3.1. Increase in dairy allergic consumers
3.5.3.2. Innovation in taste and flavor of dairy alternative beverages

3.6. COVID-19 impact analysis

3.6.1. Introduction
3.6.2. Impact on the food & beverage industry
3.6.3. Impact on Non-Dairy Creamer market

3.7. Value Chain Analysis
3.8. Top Impacting Factor

Toc Continue.....

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Based on the non-dairy creamer market analysis by origin, almond was the most prominent segment in 2019, and is anticipated to grow at the highest CAGR of 7.6%. However, the coconut segment is expected to grow at a notable CAGR throughout the forecast period, reaching the market size of $573.4 million in 2027.

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