openPR Logo
Press release

Non-dairy creamer market is projected to grow at 4.8% volume CAGR through 2028

02-15-2019 07:00 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Non-dairy creamer market is projected to grow at 4.8% volume CAGR

Nearly 2 million metric tons of non-dairy creamers were consumed in 2018 totaling a market value worth US$ 2.3 billion. According to FMI’s latest study, fat-free, plant-based and organic are being received positively by consumers, encouraging manufacturers to experiment. These insights are according to a new research study by Future Market Insights (FMI).

The consumption of non-dairy creamer is expected to grow at 5% y-o-y in 2019. Key driving factors include,

Increasing prevalence of lactose intolerance condition across the globe

Growing use of non-dairy creamers as a substitute for milk or cream

Non-dairy products’ labeling lacks FDA classification

“The market for dairy products witnessed a strong competition from non-dairy alternatives in the past decade against the backdrop of increasing population of lactose intolerants. Consumer sentiments for health have led them to distinguish between their purchase of dairy and non-dairy products. In addition, non-dairy brands are leveraging the health consciousness of consumers to communicate the health benefits of non-dairy products. However, without FDA classification, consumers will remain bemused during their purchase, thereby impacting the future market growth,” says FMI.

Powdered Non-dairy Creamers Top Selling Category

The FMI study finds that powdered non-dairy creamer consumption remained higher in 2018 and accounted for over 78% of the total non-dairy creamer consumption. While the status-quo is expected to continue in the future, demand for liquid non-dairy creamer is expected to grow at 5% in 2019.

Powdered non-dairy creamer was the first entrant in the non-dairy creamer market and its popularity continue to rise till date. Manufacturers in the field of non-dairy creamer market have introduced several packaging and preservation technology advances to increase the shelf life and deliver a high-quality product to consumers.

Conventional Non-dairy Creamers Continue to Hold Higher Market Share

As per FMI valuation, the non-dairy creamer market is witnessing a gradual penetration of the ‘organic trend’. The study finds that consumption of conventional non-dairy creamers equaled nearly 94% of demand in 2018.

The projected rise in the consumption of organic non-dairy creamers can be attributed to consumer sentiments for natural or organic ingredients in the non-dairy products. However, a strong brand image created by non-dairy creamer manufacturers will continue to fuel the consumption of conventional non-dairy creamers in the future.

The non-dairy creamer marketplace has witnessed expanding product portfolio wherein manufacturers are shifting to introduce flavored non-dairy creamers. The business strategy is led by manufacturers’ awareness regarding increasing consumer palate for different flavors in non-dairy products.

The FMI study finds that French vanilla, chocolate, coconut, hazelnut and other flavors collectively accounted for over 55% of the total non-dairy creamer consumption in 2018. Original/unflavored non-dairy creamers accounted for the remaining 45% of the consumption.

Request Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8691

Fat-free Non-dairy Creamers Gaining Popularity

The non-dairy creamer market manufacturers offer product variants apart from original non-dairy creamers, such as light and fat-free variants. FMI shows that light and fat-free non-dairy creamers will collectively account for over two-fifth of the overall non-dairy creamer consumption in 2019. Consumption of the latter will grow over 5% in 2019, implying increasing consumer preference for fat-free food products.

While the popularity of new variants is increasing, consumption of non-dairy creamers with the original nutritional value will continue to account for a considerable share in the market.

Consumer Preference for Plant-based Non-dairy Creamers On the Rise

FMI thoroughly studied the consumer preference landscape wherein increasing demand for plant-based products was observed in the non-dairy creamer market also. According to the FMI study, consumption of plant-based non-dairy creamer (almond, coconut, soy, hemp and cashew) will grow at nearly 5% y-o-y in 2019. Vegetable oil-based non-dairy creamers have remained a traditional offering by manufacturers and account for a hefty bulk of the overall consumption.

Food and beverage processing industry remains a prominent end-user of non-dairy creamers. As per the study, over 45% of all the non-dairy creamers are expected to be consumed in the food and beverage processing industry. Buoyancy in the food and beverage processing industry will continue to ensure significant consumption of non-dairy creamer in the future, especially in the beverage mixes and coffee mixes.

Household/retail and Horeca/foodservice industries collectively accounted for the remaining non-dairy creamer consumption. The consumption trend is expected to grow at a significant rate in the coming years.

Direct Distribution Most Preferred Channel

FMI studied different distribution channels of non-dairy creamer market including direct and indirect (hypermarket/supermarket, modern grocery stores, specialty store and online retail). The study opines that non-dairy creamers will be distributed directly as compared to other sales channels. However, distribution through indirect sales channel, especially hypermarkets/supermarkets and online retail will witness a steady rise in the coming years.

Demand for non-dairy creamers in bulk packaging is expected to remain higher as compared to the products available in retail stores in sachets, pouches, bags, canisters, plastic jars and bottles.

Ask the Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-8691

The FMI study opines significant consumption of non-dairy creamers in Europe. North America followed by Europe also registered a notable consumption in 2018, wherein they collectively accounted for nearly half the non-dairy creamer consumption.

The FMI report tracks the non-dairy creamer market for the period 2018-2028. According to the report, the non-dairy creamer market is projected to grow at 4.8% volume CAGR through 2028. For more insights, write in to FMI analysts at press@futuremarketinsights.com

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Blog: Market Research Blog

FMI Blog: https://www.fmiblog.com/

Web: https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Non-dairy creamer market is projected to grow at 4.8% volume CAGR through 2028 here

News-ID: 1590629 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for FMI

According to FMI, Condition Monitoring Services Will Reach 6.79 Billion USD: FMI
The global condition monitoring service market is anticipated to exceed US$ 3.52 Bn by the end of 2022. Growing emphasis on the integration of condition monitoring software with computerized process control services and maintenance management software is expected to favour the growth in the market. The demand in the condition monitoring service global market is estimated to reach US$ 6.79 Bn by 2031, exhibiting growth at a CAGR of 9.8% during
Medication Dispenser Market Forecast and Analysis by FMI
According to Wikipedia, medication or pill dispenser is an equipment which releases medication at specified time. In simple language, an equipment gives a signal when the time comes to take the medicine. The purpose is to help senior citizens or people who may suffer from impaired ability to adhere to their prescribed medication regime. The device automatically releases the pre-measured dose into a small compartment that is easily opened and
Printing Paper Market Intelligence and Forecast by FMI
Global printing paper market: Introduction The global paper industry is undergoing rapid transformation and plays significant role in the global packaging industry. In addition to manufacturing of packaging products such as corrugated boxes, paperboards or envelopes, papers are also used for the production of printing paper for printing purposes. Printing paper market is anticipated to grow on the backdrop of packaging industry, printing industry, and as well as e-commerce industry
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during
Force Sensor Market Share, Value, Trends : FMI Report
Continuous adoption of force sensors as human-machine interface is projected to pave new business opportunities for force sensor manufacturers among various industries such as music & entertainment. In addition, surging implementation of various ICT technologies in healthcare, and rising necessity to improve quality of healthcare services are further expected to offer growth opportunities to developers of force sensing technology. Future Market insights (FMI), in its report, projects the global market