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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.

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