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 reach $707.8 million by 2027, registering a notable CAGR during the forecast period.
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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.
Regional Outlook:
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.
Leading Key Players
The major strategies adopted by key players to expand their business include new product launches and business expansion. The key players profiled in the report are 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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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.
Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Non-Dairy Creamer Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Non-Dairy Creamer Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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Based on the non-dairy creamer market forecast by form, the liquid segment accounted for the largest share in the market in 2019, and is expected to remain dominant during the forecast period. However, the powder segment is expected to garner a notable CAGR throughout the forecast.
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