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US dairy-free creamer market size to touch $4,989.1 mn by 2027: Report
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Thursday, 05 December, 2019, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The US dairy-free creamer market is accounted to US$3,750.0 million in 2018 and is expected to grow at a CAGR of 3.2% during the forecast period 2019 - 2027, to account to US$4,989.1 million by 2027, as per the US Dairy-Free Creamer Market report 2027.
The report focusses on major types and applications for key players. It also provides analysis of the market share, segmentation, revenue forecasts and country of the market.
According to the report released by MarketStudyReport.com, the US dairy-free creamer market is bifurcated on the basis of flavour into original, French vanilla, chocolate, coconut, hazelnut, and others. The original flavoured dairy-free creamer segment is dominating the US dairy-free creamer market. The original flavoured market has recorded a considerably high growth rate in recent years. The original flavoured tastes similar to the dairy based creamer and is widely used in coffee and bakery products. Furthermore, it does not change the taste of the product in which it is used. This factor is projected to drive the original flavour dairy-free creamer market during the forecast period.
Dairy-free creamers are also known as tea whiteners or coffee whiteners. Dairy-free creamer is a liquid or granular substance used as a substitute for milk or cream. It is added to coffee, tea, hot chocolate, or other beverages. This type of creamer does not contain lactose and therefore, is commonly described as being non-dairy product. Some dairy-free creamers contain sweeteners and flavours, such as vanilla, hazelnut or Irish cream. Dairy-free creamer is considered to be one of the staples in the non-dairy food category in the US. The growth of the dairy-free creamer market is mainly attributed to the rising consciousness among consumers related to the benefits of plant-based and vegan diet.
Some of the players present in the market are Blue Diamond Growers, Califia Farms, Compact Industries, Inc., Danone S.A., Green Grass Foods, Laird Superfood, Inc., milkadamia, Mooala Brands, LLC., Nestle S.A., New Barn Organics, Prymal Coffee Creamer, and TreeHouse Foods, Inc.
A key trend projected to affect the market in the coming year is the emerging benefits of coconut milk and coconut creamer products for heart diseases. Recent studies about the health benefits of coconut milk and coconut milk products are expected to boost the market for coconut-based creamer products in the coming years. Coconut milk is now considered an effective source to lower cholesterol levels and reduce blood pressure.
According to a research study in coconut milk, drinking dairy-free coconut milk prevents heart diseases. Saturated fats in coconut milk, which come from a plant-based source are shown to have an assertive effect on cholesterol and safeguard from diseases such as stroke, heart disease, and high blood pressure. This has surged the demand for coconut-based dairy-free creamer products in the US dairy-free creamer market.
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