Global Plant Based Creamers Market, By Form (Powder and Liquid), Nature (Organic and Conventional), Type (Regular, Light and Fat-free), Source (Soy Milk, Almond Milk, Coconut Milk, Vegetable Oil and Others), End-Use (Food and Beverages, Food Service Industry, Retail/Household), Distribution Channel (Business to Business, Business to Consumer) – Industry Trends and Forecast to 2029.
Plant Based Creamers Market Analysis and Size
The growing popularity of the dairy-free trend has shifted a large number of consumers' preferences toward plant-based products. Lactose-free, gluten-free, and non-GMO products are sought after by plant-based creamer consumers. The growing popularity of low-fat plant based products such as milk, yoghurt, and cream is allowing plant-based creamer manufacturers to introduce plant-based creamer products that are low in fat, non-GMO, and lactose-free.
Data Bridge Market Research analyses that the plant based creamers market was valued at 3.73 billion in 2021 is expected to reach the value of USD 5.18 billion by 2029, at aw CAGR of 4.20% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Plant Based Creamers Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Form (Powder and Liquid), Nature (Organic and Conventional), Type (Regular, Light and Fat-free), Source (Soy Milk, Almond Milk, Coconut Milk, Vegetable Oil and Others), End-Use (Food and Beverages, Food Service Industry, Retail/Household), Distribution Channel (Business to Business, Business to Consumer)
|
|
Countries Covered
|
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
|
|
Market Players Covered
|
Arla Foods amba (Denmark), GCMMF (India), Land O'Lakes, Inc. (USA), Royal FRIESLANDCAMPINA NV (Netherlands), Groupe Lactalis (France), Agropur (Canada), Dairy Farmers of America, Inc. (USA), Saputo Inc. (Canada), Organic Valley (USA), Fonterra Co-operative Group Limited (New Zealand), Nestle S.A. (Switzerland), Danone S.A. (France), Mokate Group (Poland), Puratis NV (Belgium), Hanan Products Co, Inc. (U.S.), Goodrich Carbohydrates Limited (India), Custom Food Group (Malaysia), Rich Products Corporation (U.S.)
|
|
Opportunities
|
|
Market Definition
Plant-based creamer, also known as coffee whitener or creamer, is a food additive used to replace milk powder in a variety of food products or to reduce the amount of milk in coffee, tea, oatmeal, hot chocolate, bakery, or other beverages. It is made up of liquid or powdered corn syrup, vegetable oil, lecithin, sugar, and flavourings. It is considered a healthier alternative to heavy cream because it contains fewer calories and less saturated fat.
Global Plant Based Creamers Market Dynamics
Drivers
- Rise in lactose intolerant population
Due to the increasing lactose intolerance of younger generations, the global plant-based creamer market has exponential revenue potential. New customers and consumer trends will provide the global plant-based market with limitless opportunities. The introduction of new flavours and bases (almond and coconut) are expected to be significant drivers of the plant based creamer market.
- Widespread availability through various retail channels
The widespread availability of plant based creamer in online and offline stores positively impacts the market. Aside from that, the increasing use of plant based creamer among lactose-intolerant patients is fuelling market growth. Furthermore, the growing acceptance of coffee culture and the growing adoption of advanced technologies such as spray drying and hydrogenation in the production of plant-based creamer are expected to increase their overall sales in the forecasted years.
Opportunities
One of the primary reasons is the growing number of consumers who suffer from health issues such as lactose intolerance. This has encouraged them to choose plant based products such as plant based creamer.
Furthermore, plant based creamer manufacturers are introducing novel base, type, and flavour variations. This results in a wide range of product offerings for consumers, which influences their purchasing behavior. As a result, consumers gravitate toward plant-based creamer.
Restraints
- Lack of awareness
Lack of awareness about the advantages and availability of products, as well as their negative impact on the human body, are acting as market restraints for the growth of the plant based creamer market during the forecast period.
This plant based creamers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plant based creamers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Plant Based Creamers Market Scope
The plant based creamers market is segmented on the basis of form, nature, type, source, base, end-use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Nature
- Organic
- Conventional
Form
- Powder
- Liquid
Source
- Soy Milk
- Almond Milk
- Coconut Milk
- Vegetable Oil
- Others
Type
- Original
- Light
- Fat-Free
Base
- Plant based
- Vegetable oil
End Use
- Food and Beverages
- Food Service Industry
- Retail/Household
Distribution Channel
- Business to Business
- Business to Consumer
Plant Based Creamers Market Regional Analysis/Insights
The plant based creamer market is analysed and market size insights and trends are provided by country, form, nature, type, base, source, end-use and distribution channel as referenced above.
The countries covered in the plant based creamers market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the plant based creamers market due to rising consumer preferences for natural as well as flavoured plant-based creamers.
Asia-Pacific is expected to grow from 2022 to 2029 due to the region's improved distribution channels.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Based Creamers Market Share Analysis
The plant based creamers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plant based creamers market.
Some of the major players operating in the plant based creamers market are:
- Arla Foods amba (Denmark)
- GCMMF (India)
- Land O'Lakes, Inc. (U.S.)
- Royal FrieslandAampina N.V. (Netherlands)
- Groupe Lactalis (France)
- Agropur (Canada)
- Dairy Farmers of America, Inc. (U.S.)
- Saputo Inc. (Canada)
- Organic Valley (U.S.)
- Fonterra Co-operative Group Limited (New Zealand)
- Nestle S.A. (Switzerland)
- Danone S.A. (France)
- Mokate Group (Poland)
- Puratis NV (Belgium)
- Hanan Products Co, Inc. (U.S.)
- Goodrich Carbohydrates Limited (India)
- Custom Food Group (Malaysia)
- Rich Products Corporation (U.S.)
SKU-