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MarketersMEDIA / Newsroom / Non-dairy Creamer Market is anticipated to grow at a CAGR of ~5% during the forecast period for 2019-2029

Non-dairy Creamer Market is anticipated to grow at a CAGR of ~5% during the forecast period for 2019-2029

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Non-Dairy Creamer Sales to Increase Manifold amid the Rise of Lactose Intolerance, Finds FMI

— According to a new study by FMI, sales of non-dairy creamer is expected to reach a valuation of ~US$ 2.3 Bn in 2019. Globally, 65% of the human population have developed a reduced ability to digest food containing lactose after infancy, which has increased the demand for lactose-free products. The lactose intolerant population has been increasing over the years, and the non-dairy creamer market has proved to be a very popular solution for this category of consumers. In the view of stable prices of the raw materials and greater awareness of non-dairy products among the consumers, the non-dairy creamer market is expected to witness a ~5% CAGR during the forecast period of 2019-2029.

The non-dairy creamer has been garnering significant momentum as a viable substitute for traditional creamers in food and beverage processing industry, foodservice sectors, and in households. The rise of vegan population is expected to significantly impact the demand for non-dairy creamer, as it not only align with emerging trends but also imparts taste like milk creamers and bring same consistency to the product it is added to.

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Dairy-based Products to Dairy Alternatives – The Shift is Underway

Dairy consumption among the consumers has always persisted due to rich nutrition profile and limited options for dairy alternatives. However, the change of trend has been observed in the recent years, as dairy-free products continued to emerge with various options, attracting a large number of consumers worldwide. Millennials and generation Z are on the journey of exploring new products and ingredients, leading to increased demand for plant-based and natural products such as non-dairy creamer. As the demand continues to move on an upward swing, manufacturers are focusing on expanding their product portfolio with enhanced nutrition.

Gains Upheld by Higher Shelf Stability of Non-Dairy Creamer

Non-dairy creamer is generally produced using either vegetable oils or the plant-based milk as base, and is widely available in powdered or packaged liquid form. The powdered form of non-dairy creamer will continue to account for relatively high sales as compared to their liquid counterparts, in the view of higher shelf life, which has an impact on the choice of consumers as well as retailers. Ease of storage, cost-effectiveness, and extended shelf life have also contributed to the adoption of non-dairy creamer.

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‘Fat-free’ and ‘Organic’ Trends Pushing Innovations

Although conventional non-dairy creamers continues to influence the growth strategies, manufacturers are focusing on increasing the production of organic variants to capitalize on ever-evolving consumer trends. Further, in order to maintain innovation supremacy in the non-dairy creamer market, stakeholders are working on offering wide range of flavours such as chocolate, hazelnut, and vanilla that will help retain and attract new segment of customers.

Moreover, the foodservice industry, especially in developing countries, continues to expand at a rapid pace, on the back of sprung in number of working population, increased disposable incomes, and penetration of new products. Therefore, players active in the non-dairy creamer market should be looking at a period of sustained demand, according to FMI’s analysis.

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This study by FMI offers insights into the non-dairy creamer market for the forecast period of2019-2029. The non-dairy creamer market is projected to record a CAGR of ~5% during the stipulated timeframe.

More Related Reports from Food and Beverages Market Insights:

Phospholipase Enzyme Market

Probiotic Ingredients Market

Egg Free Mayonnaise Market

Contact Info:
Name: Abhishek
Email: Send Email
Organization: Future Market Insights
Address: 616 Corporate Way, Suite 2-9018
Phone: 3479183531

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Source: MarketersMedia

Release ID: 88933440

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