Analysis on Global Non-dairy Toppings Market Booming Trends and Forecast Assessment for the Period 2018 to 2028

Non-dairy topping Market Outlook

Increasing adoption of veganism in developed regions has resulted in rapid growth for the non-dairy products market in last few years. With key process food manufacturers revamping production facilities to adopt vegan recipes into their offering the non-dairy toppings market is expected to witness a rise in demand over the forecast period. The non-dairy topping are derived from the dairy alternative sources such as soy milk, almond milk, coconut milk and also sapping of other ingredients like plant-based fats and extracts to replace dairy-based ingredients in the dairy topping. The non-dairy topping market is expected to penetrate into new geographies creating a lucrative opportunity for the manufacturers participating in non-dairy topping based products. North America to stand as the major consuming region for the non-dairy topping market owing to its comparatively large population following the strict vegan diet. Ethical eating habit and anti-animal cruelty sentiments among millennial has also boosted the demand.

Non-dairy Topping Market: Reasons for Covering this Title

Over the past few years, tailored product offerings has experienced healthy growth rates in terms of both value and volume. Ingredient offerings from key global players indicate there is more traction from tailored food product manufacturers targeting niche segments helping diversifying product portfolio and fragmentize the market further. Non-dairy topping market is expected to gain a lot of traction over the forecast period as it complies with the abovementioned trend. Non-dairy topping targets consumer base opting for vegan options of general dairy products. The manufacturers in the non-dairy topping market have the flexibility to operate in both business-to-business segment and business to consumer segment which is expected to help the manufacturers maintain a market presence over competitive geographies. Non-dairy topping market players to also get benefited by the new innovative ingredient solutions to not only replace dairy from the final product but also to maintain its texture and flavors.

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Global Non-dairy Topping Market: Key Players

Some of the key players operating in the global Non-dairy Topping market are Goodrich Carbohydrates, Hanan Products Co. Inc., Rich Products Co., PURATOS, FrieslandCampina DMV, Conagra Brands, So Delicious,

Key Product Launches in Non-dairy Topping Market

The key product launches that have been observed over the non-dairy topping market over the recent years have seen launches targeting ethical buyers and vegan populations:

In 2017, the Conagra Brand Company launched non-dairy topping which is a whipped cream topping for consumers through its famous Reddi-Wip brand of topping. This whipped cream lacks any protein processed out from milk according to the company claims.
In 2017, So Delicious Company launched coconut-based non-dairy topping CocoWhip for consumer end use. The non-dairy topping is offered in tub packaging and is available in standard size of 9 oz.
Opportunities for Market Participants in Non-dairy Topping Market

Manufacturers participating in non-dairy topping market to witness strong revenue generation over the forecast period as the products are expected to penetrate into newer geographies. According to a nonprofit research organization for animals, Faunalytics the vegan population of U.S is 1.62 Mn in 2017. This is attributed to the increasing demand for non-dairy topping demand in the region. With increasing adoption of a vegan lifestyle in the region and also in Europe and the Asia Pacific with heavy celebrity endorsement and good press, the non-dairy topping market is expected to experience high CAGR in terms of value and volume over the forecast period. Non-dairy topping to improve its sensory quality over the time and is expected to get adopted by major food processors into their key products to maintain the vegan trend which in turn is anticipated to fuel demand for non-dairy topping over the forecast period.

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Brief Approach to Research

A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the source, nature, product types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges, and trends
Detailed value chain analysis of the market
The cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the market, including detailed profiles of the top players in Non-dairy Topping market
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