Global Non-Dairy Creamer Market Size Estimated to Reach $2.4 Billion by 2027
Research Reports
Mar 28, 2022
Global Non-Dairy Creamer Market size is estimated to reach $2.4 billion by 2027, growing at a CAGR of 7.1% during the forecast period 2022-2027. Non-dairy creamers are plant based milk that are frequently delineated as lactose-free tea whiteners which are taken into account as a dairy stand-in while preparing quite a lot of foods and beverages. In short, creamers are the blend of low-calorie food additives that cut dependency upon actual milk while preparing bakery, hot beverages (tea, coffee, hot chocolate, hot lemon, and others), oatmeal, and many more. Creamers comprise additives like saturated and unsaturated vegetable oils, mono-and diglycerides, artificial flavors, sodium silicoaluminate, corn syrup, and milk-derived protein “casein” in form of sodium caseinate. The presence of antioxidants and emulsifiers such as lecithin and sodium stearoyl lactylate extends good water solubility and foaming ability to non-dairy creamers. Moreover, ascribing to the presence of lower calories and fats non-dairy creamers are considered as a healthier option against actual milk. The global non-dairy creamer market outlook is exceptionally appealing as the trend of veganism is swelling across the globe. Also, adoption by big brands like Starbucks and Seven Eleven, heightening usage in the food and beverages industry, rising disposable income and health awareness among people, swift urbanization, higher shelf life, and availability of a wide range of flavors are the factors set to drive the growth of the Global Non-Dairy Creamer Market for the period 2022-2027.
Global Non-Dairy Creamer Market Segment Analysis-By Application
The Global Non-Dairy Creamer Market based on the application type can be further segmented into tea premix, bakery items, coffee, milkshakes, and others. The tea premix and coffee segment held the largest revenue share in 2021. The growth is owing to hiking consumption of coffee and tea accrediting to their taste and several health benefits such as the abridged probability of heart attack and Alzheimer, weight loss, and others. Drinking tea is a sort of tradition in countries like Iran, Turkey, India, UK, and others as these countries are the biggest consumers of tea worldwide. Nevertheless, hot beverages like coffee and tea have become an inextricable part of college canteens and corporate cafeterias due to extortionate demand. Also, non-dairy creamers extend the option of a variety of flavors and additionally, they have a longer lifespan as compared to actual dairy. Moreover, the tea and coffee along with the bakery segment are estimated to be the fastest-growing with a CAGR of 7.6% over the forecast period 2022-2027. This growth is owing to growing urbanization and budding disposable income of people. Additionally, due to the presence of emulsifiers like lecithin, non-dairy creamer extends better water solubility and foaming qualities during bakery preparation.
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Global Non-Dairy Creamer Market Segment Analysis-By Distribution Channel
The Global Non-Dairy Creamer Market based on distribution channel can be further segmented into offline platforms and online platforms. The offline segment held the largest share in 2021. The growth is owing to a comprehensive network of offline facilities in both urban and bucolic areas. Even after the existence of hundreds of online facilities, still, the majority of the total world population loves shopping offline. According to a PwC consumer survey, more than 40% of consumers undergo offline buying once a week, whereas only 25-27% go for e-commerce options. This can be attributed to the benefits of easy returns, instant purchase options, proper product inspection, sale support, and strong positioning of such facilities in minds of the consumer. Nevertheless, the online segment is estimated to be the fastest-growing segment with a CAGR of 7.9% over the forecast period 2022-2027. This growth is owing to the astonishing speed at which digitalization is encroaching every single corner of the world. Moreover, pandemic restrictions are providing better ground for making online purchases. According to a report, more than 2.1 billion people made online purchases in 2021. Every year e-retail sales are snatching considerable share from physical stores. Also, with growing smartphone users and a tech-friendly population, the segment is likely to reach new heights within a few years.
Global Non-Dairy Creamer Market Segment Analysis-By Geography
The Global Non-Dairy Creamer Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest revenue share of 42% of the overall market in 2021. The growth in this segment is owing to the factors such as high awareness among people. Widespread obesity and diabetes are the root cause behind the mounting prevalence of cancer in the U.S. Therefore, considering the health benefits of non-dairy creamers many elders and millennials are gravitating toward it. Moreover, luxury lifestyles due to high disposable incomes allow people to opt vegan diet with one hand tied behind their back. Moreover, unlike many countries, the U.S. is home to world-class supermarket/Hypermarkets which allows people to make such purchases at the drop of a hat. However, Asia-pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the growing economic affluence of countries like India, China, and Indonesia. The economies of these nations are growing at a jaw-dropping pace and eventually raising the living standards of people. Even despite the pandemic, China witnessed a trade surplus of $676 billion in 2021. In addition to that, India is exporting at a tremendous pace. Moreover, heightening manufacturing activities, as these countries are the top destination for businesses around the globe due to cheap labor and ease of doing business, have a reasonable share in the growth of regional market.
Global Non-Dairy Creamer Market Drivers
Augmenting usage of hot beverages such as tea and coffee is Anticipated to Boost Product Demand
Proliferating usage of tea and coffee is an impactful driver for the respective market as the demand for non-dairy creamers is escalating year by year. Turkey, the UK, and Iran are by far the biggest consumer of tea. Turkey’s annual per capita consumption has reached 3.16 kg annually (source-Wikipedia), whereas, Iran’s per capita consumption whirls around 2kg per year. Moreover, the consumption trend is on the rise in Asian countries like China, India, and Pakistan. Consequently, the figures are likely to jump further as non-dairy creamers extend better flavor options, longer shelf life, and healthy alternatives as compared to actual milk.
The growing concept of veganism, rising health awareness, and increasing disposable income of people is Expected to Boost Product Demand
Recent years have witnessed a massive swell in veganism trends around the globe. Many international organizations like PETA, Blue Cross, Animal Aid Unlimited, People for Animals, and many more are playing their significant role in voicing their support against animal slaughter and cruelty. Consequently, many millennials are turning vegan to show their support for such movements. A report claimed that there are more than 75 million vegan people throughout the globe that makes up around 1% of the total population. Frankly speaking, the number is slightly low but is likely to surge in foreseeable future. On another hand, the growing GDP per capita incomes of countries are fueling the purchasing power of people and allowing them to undergo such purchases.
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Global Non-Dairy Creamer Market Challenges
Deteriorated supply chain and reducing crop yield is Anticipated to Hamper Market Growth
Soil erosion due to widescale deforestation, accumulation of inorganic salts due to acid rain, pollution, compaction, and waterlogging are some of the preeminent factors behind reducing the fertility of the soil. Moreover, heavy dependence upon agrochemicals for farming practices is deteriorating the soil diversity by eliminating essential microorganisms like earthworms, termites, and other bacteria and fungi. Therefore, reducing soil richness is inflicting hostile effects on the harvest of essential crops like soy and reducing the overall yield. In addition to that, the vulnerable supply chain is posing severe challenges to the growth of the global non-dairy creamers market.
Global Non-Dairy Creamer Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the market. Global Non-Dairy Creamer top 10 companies include:
- Rich Product Corporation
- TreeHouse Foods
- Kerry group
- Nestle
- Ripple foods
- White Wave Foods
- Califia farms
- Laird Superfood
- Balchem Corporation
- Danone S.A
Recent Developments
- June 1, 2021, Illinois, United States-based food processing company “TreeHouse Foods” announced the successful sale of Ready-to-eat cereal business to Missouri, United States-based food packaging firm “Post Holding.” TreeHouse received a total of $85 million for the transaction. Following the transaction, the ownership of 2 facilities located in Ohio and Nevada transferred to Post Holdings.
- May 4, 2021, “Laird Superfood”, a company that deals in function and plant foods announced the successful acquisition of US-based company “Picky bars.” Picky has drawn the attention of millions of people in recent years toward its nutritionally enhanced granola bars. Laird made a payment of $12 million in order to bring the acquisition to a close.
- February 10, 2020, “Rich Products Corporation”, a New York, United States-based company that deals in food products announced the completion of 3 acquisitions. The company said it acquired 2 bakery manufacturing plants from TreeHouse Foods, Rizzuto Foods (a company famous for its frozen pizza doughs), and Morey Seafood (a frozen seafood distributing company).
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Key Takeaways
- Geographically, the North America Global Non-Dairy Creamer Market accounted for the highest revenue share in 2021. Furthermore, Asia-Pacific is poised to grow with the fastest CAGR over the period 2022-2027.
- Escalating vegan population, health benefits, and high shelf-life as compared to traditional milk are the factor driving the growth of the Global Non-Dairy Creamer Market. Lack of awareness of the existence of such products, deteriorated supply chain, and reduced crop yield due to environmental problems are said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Global Non-Dairy Creamer Market report.
Relevant Links:
A. Dairy Alternative (Beverage) Market
https://www.industryarc.com/Report/7430/dairy-alternative-beverage-market.html
B. US Non-Dairy Cream Cheese Market
https://www.industryarc.com/Report/19318/us-non-dairy-cream-cheese-market.html
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