Non-Dairy Creamer Market To Garner $2,386.6 Million, Globally, By 2027 At 7.3% CAGR | Laird Superfood, Ripple Foods

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Non-Dairy Creamer Market

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.

PORTLAND, OR, US, October 25, 2023 /EINPresswire / -- 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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Non-dairy creamer is a lactose-free alternative to the milk-based creamers. It has gained popularity the developed regions such as North American and Europe, owing to adoption of vegan culture. Non-dairy creamers are often used by lactose intolerant population and by people who are on a dairy-free diet. The non-dairy creamer market in the emerging regions such as the Asia-Pacific and LAMEA is in its nascent stage, and surge adoption of dairy-free products is expected to offer potential growth opportunities for the global non-dairy creamer market growth.

Leading Key Players:

Nestlé S.A.
White Wave Foods
TreeHouse Foods Inc.
Ripple Foods
Nutpods, Super Group Ltd.
Laird Superfood
Califia Farms
Kerry Group
Rich Product Corporation

The report segments the market based on origin, form, nature, sales channel, and region. By origin, the market is divided into almond, coconut, soy, and others. Depending on form, it is bifurcated into powdered and liquid. On the basis of nature, it is fragmented into organic and conventional. According to sales channel, it is categorized into supermarkets/hypermarkets, online stores, departmental stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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On the basis of nature, the conventional segment accounted for the largest share in the market, and is expected to remain dominant during the forecast period. However, the organic segment is anticipated to garner the highest CAGR throughout the forecast.

As per sales channel, the hypermarkets/supermarkets segment was the leading sales channel with a major market share in 2019, and is expected to exhibit significant CAGR during the forecast period. This is attributed to increase in business of non-dairy creamers through retail sales and availability of large shelf space promoting maximum sales.

Regional Analysis:

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.

The growth of the non-dairy creamer market is driven by changes in food & beverage consumption patterns and rise in fitness concern among people. The additional facts that support the growth of the market include increase in café culture, rise in disposable income, and surge in vegan population. However, high cost of non-dairy creamers and availability of low-fat & low calorie milk act as a major restraints of the market. On the contrary, frequent introduction of new flavors is expected to provide numerous opportunities for expansion of the non-dairy creamer industry, globally.

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Based on origin, the almond segment accounted for the highest market share in 2019, accounting for nearly one-third of the global non-dairy creamer market, and is expected to maintain its lead position during the forecast period. Moreover, this segment is estimated to register the largest CAGR of 7.6% from 2021 to 2027. This is due to low cholesterol and low-fat content in almond creamers and rise in demand for cholesterol-free products. The research also discusses segments including coconut, soy, and others.

Key findings of the study

Almond segment is projected to witness the highest CAGR of 7.6% in revenue terms during the forecast period.

Depending on nature, the conventional segment is expected to dominate the market in 2027.

Supermarket/hypermarket segment occupied the largest market with maximum value share in 2019, and is expected to grow at the significant CAGR during the forecast period.

U.S. is the largest country in terms of demand and production of non-dairy creamer.

Coconut is anticipated to witness a notable growth rate, registering a CAGR of 7.4% from 2020 to 2027, in value terms.

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