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Non-Dairy Toppings Market: Rising Veganism Trend Likely to Boost Demand for Non-Dairy Toppings || Key PlayePinnacle Foods Inc., Schlagfix, Dawn Food Products Inc., Goodrich Carbohydrates Limited,So Delicious Inc.rs:

02-08-2019 02:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Non-Dairy Toppings Market: Rising Veganism Trend Likely

The non-dairy toppings market is likely to maintain a robust growth rate throughout the period of assessment, 2018-2028, as consumers shift toward veganism and plant-based products. Steadily increasing consumer awareness regarding health benefits of dairy alternatives continues to remain instrumental in driving sales of non-dairy toppings worldwide. Demand for non-dairy toppings is expected to grow at a CAGR of 7.0% in terms of volume throughout the period of forecast. Global sales of non-dairy toppings are likely to increase by 34,000 tons in 2028 over 2018.

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Non-Dairy Toppings Emerge as a Viable Culinary Option for Lactose Intolerant Demographic

Significant rise in lactose intolerant population is expected to drive the demand for plant-based food products such as non-dairy toppings. According to NIDDK (National Institute of Diabetes and Digestive and Kidney Diseases), about 68% of the global population is facing lactose malabsorption leading to lactose intolerance.

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Adoption of UHT Technology Gaining Ground among Manufacturers

Apart from nutritional benefits, the demand for non-dairy toppings is also influenced by their production methods. Producers of non-dairy toppings are adopting UHT (Ultra High Temperature) technology. UHT provides non-dairy toppings, especially whipped creams, with higher stability, prevents syneresis and enhanced fat reduction. Moreover, non-dairy toppings produced from UHT do not curdle and can be combined with any color or flavors.

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The non-dairy toppings market has been segmented in detail to cover every angle of the non-dairy toppings market impacting its growth. The non-dairy toppings market is segmented on the basis of base ingredient (soy milk, vegetable oil, almond milk, coconut milk, others), by form (liquid, powder, frozen), by application (bakery, confectionery, processed fruits, frozen desserts, beverage, others), by type (whip cream, pouring cream, spooning cream, others), by distribution channel (direct and indirect – modern stores, specialty food stores, e-commerce, others) and by region (North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan and Middle East and Africa).

Non-dairy toppings are dairy-free products, used as alternatives to dairy-based toppings, which have similar applications as their dairy-based counterparts. Non-dairy toppings include base ingredients such as vegetable oil, almond milk, soy milk, rice milk and hemp milk among others. Non-dairy toppings are available in various forms such as powder, liquid and frozen formats.

The non-dairy toppings market report covers analysis on various key players involved in the production and distribution of non-dairy toppings across the globe. Profiles of key companies such as ConAgra Brands Inc., FrieslandCampina Kievit, and Puratos NV have been included in the competitive landscape section of the report. Key facets including growth strategies, financials, product portfolios, innovations and developments and overall SWOT of these companies is covered here.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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