The non-dairy creamer market is experiencing significant growth, expected to increase from $1.80 billion in 2023 to $1.93 billion in 2024, representing a CAGR of 7.2%. This growth is driven by rising lactose intolerance rates, the popularity of plant-based diets, and increased coffee consumption. By 2028, the market is projected to reach $2.58 billion, with a CAGR of 7.6%. Major trends include innovations in flavor and texture, as well as advancements in ingredient formulations.
Major Driver In The Non Dairy Creamer Market
The non-dairy creamer market is expected to flourish due to the rising vegan population. Veganism is gaining traction as more individuals choose to avoid animal products for health, environmental, and ethical reasons. Non-dairy creamers provide a versatile alternative in vegan cooking and baking, delivering a creamy texture without dairy. According to the Vegan Society in April 2024, the number of vegans in Europe reached approximately 2.6 million in 2023, up from 2.5 million in 2022. This growing vegan demographic is driving the expansion of the non-dairy creamer market.
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Non Dairy Creamer Market Competitive Landscape
Cargill Incorporated, Nestlé S.A., Danone S.A., Royal FrieslandCampina N.V., Kerry Group plc, Land O'Lakes Inc., Rich Products Corporation, Tree House Foods Inc., Blue Diamond Growers, Balchem Corporation, Oatly Group AB, SunOpta Inc., Bay Valley Food LLC, Califia Farms LLC, Laird Superfood Inc., Ripple Foods PBC, PT Lautan Natural Krimerindo, Nutpods, Elmhurst Milked LLC, Minor Figures Inc., Custom Food Group, Nature’s Charm, Pacific Foods of Oregon LLC, Buddy Dean, Korn Thai Co. Ltd.
Key Non Dairy Creamer Market Trend
The non-dairy creamer market is shifting towards innovative plant-based options to cater to health-conscious consumers. Califia Farms launched USDA Certified Organic Almond Creamers in March 2024, made with simple ingredients and no additives. This product meets the growing demand for natural, sustainable alternatives, enhancing the variety available for health-conscious consumers.
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Non Dairy Creamer Market Segmentation
The non-dairy creamer market covered in this report is segmented –
1) By Type: Low Fat Non-Dairy Creamer, Medium Fat Non-Dairy Creamer, High Fat Non-Dairy Creamer
2) By Form: Powder, Liquid
3) By Flavor: French Vanilla, Caramel, Hazelnut , Irish Creme, Other Flavors
4) By Application: Coffee, Milk Tea, Baking Food, Drinks And Candy, Instant Cereal, Other Applications
By Geography:The regions covered in the non-dairy creamer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the non-dairy creamer market in 2023.
The Non Dairy Creamer Global Market Report 2024 furnishes information about the global non dairy creamer market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
