| A06538 | Pages: 240 | Jun 2020 | 5827 Views | ||
| Author(s) : Sumesh Kumar , Roshan Deshmukh | Tables: 104 | Charts: 47 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Non-dairy Creamer Market
Request Now !The global non-dairy creamer market size was valued at $1,730.3 million in 2019, and is projected to reach $2,386.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027. The almond segment was the highest contributor to the non-dairy creamer market share, in 2019, and is estimated to grow at a CAGR of 7.6% during the forecast period. U.S. is one of the prominent regions in the market that accounted for a sizeable share of the total market in 2019.
Get more information on this report : Request Sample Pages
Non-dairy creamer is a beverage additive derived from plant. It does not contain lactose but may contain a milk protein called casein. In addition, it is considered a healthy beverage, owing to presence of a number of macro and micronutrients. Non-dairy creamer has witnessed increased popularity in developing markets, owing to adoption of veganism. Furthermore, rise in health awareness and increase in disposable income have boosted the global non-dairy creamer market growth. Moreover, introduction of additional healthy ingredients in non-dairy creamer significantly contributes toward the growth of the global market. However, high cost of such products and availability of low-fat and low-calorie milk act as the 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 market during the forecast period.
Get more information on this report : Request Sample Pages
The global non-dairy creamer market is segmented into 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. As per sales channel, the non-dairy creamer market is categorized into supermarkets/hypermarkets, online stores, departmental stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Get more information on this report : Request Sample Pages
Based on the non-dairy creamer market analysis, the almond non-dairy creamer segment generated the highest revenue in 2019, and is expected to remain dominant throughout the forecast period. This is attributed to low cholesterol and fat presence in almond creamers. In addition, the U.S. is expected to be the largest consumer of almond non-dairy creamer, owing to increase in obese population in the region. Furthermore, surge in demand for cholesterol-free products by aged and dieting consumers in countries such as Canada is expected to unfold attractive growth opportunities for this segment in non-dairy creamer market.
Get more information on this report : Request Sample Pages
Based on the non-dairy creamer market forecast by form, liquid segment was the most prominent segment in 2019, accounting for the highest share in the global non-dairy creamer market. This is attributed to convenience of use offered by liquid non-dairy creamer and rise in number of lactose intolerant population all around the world. However, the powdered segment is expected to witness the notable growth, owing to easy to storage and longer shelf life of powdered non-dairy creamer.
Get more information on this report : Request Sample Pages
On the basis of nature, the conventional segment led the market, accounting for the highest share in 2019. However, the organic segment in the non-dairy creamer market is expected to witness the fastest growth throughout the forecast period.
Get more information on this report : Request Sample Pages
As per sales channel, the supermarket/hypermarket dominates the non-dairy creamer market in 2019. This is attributed to the fact that supermarket/hypermarket serve as one-stop solution, which increases their popularity among consumers for shopping. Furthermore, these retail formats offer a wide range of products at a competitive price to customers, and are located at easily accessible areas. However, the online segment in the non-dairy creamer market is expected to witness the fastest growth, owing to increase in penetration of internet and rise in use of smartphones for online shopping, as it allows the consumer to compare products in real time and make informed decisions.
Region wise, North America and Europe are the most prominent markets, owing to high consumption and production of non-dairy creamer in these regions. Asia-Pacific is expected to grow with the highest CAGR throughout the forecast period, owing to surge in affinity of consumers in this region toward non-dairy products.
The players in the non-dairy creamer industry have adopted business expansion as their key development strategy to increase profitability and to strengthen their foothold in the competitive market. They have further relied on product launch to improve their product portfolio and stay relevant in the global market. The key players profiled in the report include 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.
Key Market Segments
Key Market Players
Loading Table Of Content...
The non-dairy creamer market is expected to witness steady growth even under several unrests such as uncertainty, terrorist attacks, and others. According to the insights of the key opinions of leaders of the industry, the changes in consumer’s perception about dairy, surge in awareness about lactose intolerance, and adoption of vegan culture as the three key factors, which determine the boost of the non-dairy creamer market. At present, consumers’ interest is shifting toward non-dairy products, owing to changes in taste and preference and increase in number of people who are allergic to dairy products. Moreover, availability of a variety of flavors and easy availability of this product have significantly contributed toward growth of the market. However, high cost and easy availability of fat-free dairy are expected to hamper the growth of market.
A. The global non-dairy creamer market size was valued at $1,730.3 million in 2019.
A. The global non-dairy creamer market is projected to grow at a CAGR of 7.3% from 2021 to 2027.
A. Sample report for Non-Dairy Creamer Market can be found in allied market research official website.
A. High cost and availability of low-fat and low-calorie milk act as the major restraints of the market.
A. The global non-dairy creamer market is segmented into origin, form, nature, sales channel, and region.
A. The growing trend of veganism is expected to shape the market in future.
A. The forecast period for the report is 2021-2027.
A. The key players profiled in the report include 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.
A. Noth-America is the prominent regional market in Non-Dairy Creamer Market.
Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
