Press release
High Fat Non Dairy Creamer Market Insights, New Project Investment and Potential Growth Scope
Non-dairy creamers are intended to substitute milk or cream as an additive to tea, coffee, hot chocolate, or other beverages. Non-dairy creamers can be used in food processing, cosmetic & personal care, and the pharmaceutical industry. The global high fat non-dairy creamer market is divided into six regions, such as North America, South America, Europe, Asia Pacific, the Middle East, and Africa.Increasing demand for non-dairy creamers in developed and developing countries is expected to propel the global high fat non-dairy creamer market growth during the forecast period. For instance, in October 2017, DanoneWave planned to invest around US$ 60 million to expand its plant-based beverage manufacturing operations in the United States. Moreover, growing awareness and increasing consumer preferences towards a vegan diet are also expected to drive growth of the global high fat non-dairy creamer market.
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Restraint:
Limited availability and volatile prices of raw materials are expected to hinder the global high fat non-dairy creamer market growth.
Opportunities:
Rising awareness and penetration of the non-dairy creamer in developing countries is expected to create significant growth opportunities in the market.
Regional Insights:
North America is expected to witness robust growth in the global high fat non-dairy creamer market due to increasing production and demand for non-dairy products in the region. For instance, in January 2020, Danone expanded its Silk plant-based portfolio in the U.S. with new dairy-free half and half alternative.
Asia Pacific is also expected to witness robust growth in the global high fat non-dairy creamer market due to rising demand for vegan and plant-based products in the region.
Competitive Section:
Key players active in the global high fat non-dairy creamer market are Kerry Group, Nestle, FrieslandCampina, Danone, Super Group, Custom Food Group, Wenhui Food, Bigtree Group, Shandong Tianmei Biotech, Suzhou Jiahe Foods Industry, Zhucheng Dongxiao Biotechnology, and Jiangxi Weirbao Food Biotechnology.
In July 2020, Nestle teamed up with Starbucks to launch non-dairy coffee creamers in the United States.
In June 2019, Panos Brands launched ready-to-drink alternative milk beverages to expand the company’s non-dairy product portfolio.
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