iCrowdNewswire Nov 23, 2020 10:30 AM ET
The new report by Expert Market Research titled, ‘Global Non-Dairy Creamer Market Growth, Share, Analysis, Trends, Price, Report and Forecast 2020-2025’, gives an in-depth analysis of the global non-dairy creamer market, assessing the market based on its segments like forms, types, flavours, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 16.25 billion (for Dairy Alternatives)
2. Forecast CAGR (2020-2025): 12.10% (for Dairy Alternatives)
3. Forecast Market Size (2025): USD 32.25 billion (for Dairy Alternatives)
The global non-dairy creamer market is being driven by the rising preference for healthier diets. This can be seen especially in the older population who opt for the high-protein and dietary-fibre content of non-dairy creamers (NDCs) rather than the high-calorific and fat-containing dairy counterparts. This is further aided by the lower cost and higher shelf-life of dairy alternatives. A factor that is predicted to increase the market size during the forecast period (2020-2025) is the rapidly growing vegan population. This trend is expected to increase the demand for plant-based substitutes for animal products and will be maintained by the continued spread of environmental awareness.
Industry Definition and Major Segments
Non-dairy creamers (more popularly known as tea or coffee whiteners) are a liquid or powdery substance meant to be used as an additive to beverages such as tea and coffee. They do not contain lactose and are hence used in lactose-intolerant diets. Low-calorie and low-fat versions of non-dairy creamers are also available.
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Non-dairy creamers are available in the following forms:
They can be classified based on type as:
1. Low Fat NDC
2. Medium Fat NDC
3. High Fat NDC
Non-dairy creamers are available in the following flavours:
1. French Vanilla
4. Irish crème
On the basis of application, the market is segmented into:
2. Milk Tea
3. Baking Food
4. Drinks and Candy
5. Instant Cereal
The global non-dairy creamer market can be classified based on region as:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Over the recent years, non-dairy creamer producers have been increasing the quality of their products to better imitate natural cream. Nestlé is one of the largest producers of Non-dairy creamers and launched a new line of products with Starbucks in July 2020, including flavoured non-dairy creamers such as almond milk and oat milk. The product is targeted towards vegans and is expected to boost the demand for Non-dairy creamers. The market continues to grow at a healthy pace in North America and Europe (where the major producers are based) due to the increasing health-consciousness among elderly populations and the growing preference for plant-based products among the youth.
Key Market Players
The major players in the market are Nestlé, Dean Foods, Rich Graviss Products Pvt. Ltd., Cargill, Incorporated, Fujian Jumbo Grand Food Co., Ltd, Super Group Ltd., PT Santos Premium Krimer, Caprimo, Friesland Campina Kievit, Suzhou Jiahe Foods Industry Co., Ltd., and Kerry Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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