Non-dairy Creamer Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1626
Global Non-dairy Creamer Market size is expected to grow at a moderate CAGR during the period 2017-2024.
The prominent market driver is the lactose intolerance tendency among people, to which non-dairy creamers prove out to be a solution owing to their lactose-free nature. According to a study conducted by Genetics Home Reference under U.S. library of medicine, more than 60% of the human population was found to be lactose intolerant after infancy. High growth prospects are projected for the non-dairy creamer products demand from the lactose intolerant people.
Rising disposable income and faster lifestyles are making people more prone to have ready-to-eat food products. Consumers have latched on to more wholesome and healthier foods, and have been demanding more transparency from companies over their food product contents. The broad range of flavour-variety available in the non-dairy creamers propel their growth. Also, non-dairy creamers bear longer shelf life than dairy-based products, which increases consumer preference for them. The nutritional profile of the underlying vegetable ingredients is also a key aspect of the market growth, with soy and nut-based creamers recording maximum growth.
The non-dairy creamer market can be classified based on product type as: coconut milk creamers, soy creamers, almond creamers and others including hemp milk creamer, cashew creamer, etc. Today, the diet is becoming a bit more eclectic and is featuring shift towards almond, cashew and coconut.
On the basis of applications, the market is mainly classified into beverages, food and the other segments. Food products include dairy products, bakery products, milk and chocolate confectionery, infant formula, etc. The non-dairy creamer products have been a prevalent choice for infant formula for their plant-based nature. The dairy product segment containing yogurts is frequently using non-dairy creamers, so as to make it suitable for the lactose-intolerant consumers. The beverages consist of milk tea, coffee and solid beverages.
The market is also segmented based on amount of fat content as low fat content, medium fat content and high fat-content. The growing consumer inclination for products that are lower in fats and calories will raise the low-fat segment at a healthy rate. The globally rising possibilities of diseases like diabetes and obesity is strengthening the consumer emphasis on weight management supporting products.
Based on distribution channel, market is divided as convenience stores, supermarkets pharmacies and online stores. Supermarkets will have the highest market share owing to its easy accessibility and the wide range of options they provide to the consumers. Such retail outlets aid in discovering several new types of non-diary creamers, to the consumers especially in the developing countries
Non-dairy creamer market is likely to witness the highest demand in the Asian countries as well as the European countries. Lactose intolerance in adulthood is prevalent in people of East Asian, Jewish, West African, Greek, Arab and Italian descent. With growing awareness about the usage of nan-dairy creamer products to deal with lactose intolerance and regional distribution channels advancement, the market is anticipated to grow in developing regions.
Key players in the global non-dairy creamer market are Cargill, Inc., Bigtree Group, FrieslandCampina, Nestle, Custom Food Group, Kerry Group, PT. Aloe Vera, PT. Santos Premium Krimer, Organic Valley Cropp Cooperative, PT. Menara Sumberdaya, Super Group, Pulmuone Foods USA, Inc. Yearrakarn Co. Ltd., Wenhui Food, Sugar Foods Corporation, The Whitewave Foods Company, Rich Products, Co., etc.
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