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Plant-based Creamer Market Size
Plant-based Creamer Market size was valued at USD 3.8 billion in 2022 and is estimated to grow at 4.3% CAGR from 2023 to 2032. Consumers are increasingly looking for healthier alternatives to traditional dairy creamers. Plant-based creamers are often perceived as a healthier option because they are typically lower in saturated fats and cholesterol, and they may cater to various dietary preferences, including vegan, lactose-free, and dairy-free.
In addition, the growing popularity of vegan and dairy-free diets has significantly contributed to the demand for plant-based creamers. These creamers provide a suitable substitute for those who cannot or choose not to consume dairy products.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 3.8 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4.3% |
2032 Value Projection: | USD 5.91 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 329 |
Segments covered: | Product Type, Form, Flavor, Distribution channel, End user |
Growth Drivers: |
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Pitfalls & Challenges: |
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Plant-based creamers may not always replicate the taste and texture of traditional dairy creamers to the satisfaction of all consumers. Achieving a creamy texture and rich flavor without the use of dairy ingredients can be a significant challenge. Some plant-based creamers, especially those containing nuts or soy, can pose allergen cross-contamination risks for individuals with allergies to these ingredients.
COVID-19 Impact
The COVID-19 had significant impact on the market the pandemic has increased consumer awareness about health and wellness. Many consumers have become more health-conscious, seeking products that align with their health goals. Plant-based creamers, often perceived as a healthier alternative to traditional dairy creamers, have seen increased demand due to this trend. However, the pandemic disrupted marketing and promotional efforts, making it difficult for plant-based creamer manufacturers to reach consumers and introduce new products to the market.
Plant-based Creamer Market Trends
The pandemic accelerated the shift to online shopping, including for grocery items. Plant-based creamer manufacturers have benefited from increased e-commerce sales, making it easier for consumers to access these products without going to physical stores.
Plant-based Creamer Market Analysis
Based on product type, the soy-based creamer segment dominated around USD 1.2 billion revenue in 2022. The pandemic accelerated the shift to online shopping, including for grocery items. Plant-based creamer manufacturers have benefited from increased e-commerce sales, making it easier for consumers to access these products without going to physical stores.
Based on form, the liquid creamer segment held over 60.5% of the plant-based creamer market share in 2022. Liquid creamers offer convenience, as they are ready to use and require no preparation. This appeals to busy consumers who want to quickly enhance the flavor of their coffee, tea, or other beverages without the need to measure or mix.
Based on flavor, the unflavoured segment accounted for 35.6% of the market share in 2022. Unflavoured plant-based creamers are versatile and can be used in a wide range of beverages and recipes. They appeal to consumers who prefer to customize the flavor of their coffee, tea, or other drinks with sweeteners, syrups, or natural flavorings.
Based on distribution channel, hypermarket and supermarket dominated the segment with the highest revenue share of 40.4% in 2022. Hypermarkets and supermarkets offer a wide range of food and beverage products, including plant-based creamers. This diverse selection allows consumers to explore different brands, flavors, and varieties of plant-based creamers in one convenient location.
Based on end user, the coffee shops and cafes segment recorded more than 35.5% of the plant-based creamer market share in 2022. Coffee shops and cafes are central to the coffee culture, and plant-based creamers are a crucial part of the coffee experience for many consumers. Customers expect these establishments to offer a range of creamer options to suit their preferences.
The North America plant-based creamer market size reached USD 1.37 billion in 2022. Restaurants, cafes, and foodservice establishments in North America have integrated plant-based creamers into their offerings to cater to the dietary preferences of their customers. This has contributed to the market's growth. Manufacturers in North America are actively developing and launching new plant-based creamer products with improved taste, texture, and formulation. These innovations are appealing to consumers looking for high-quality alternatives.
Plant-based Creamer Market Share
Major companies operating in the plant-based creamer industry includes:
- Nestlé
- Danone
- Chobani
- Yoplait
- Fage
- Yakult
- La Yogurt
- Stonyfield Farms
- Greek Gods
- General Mills
- Lifeway Foods
- Valio
The companies are undergoing various strategic initiatives, such as mergers and acquisitions, partnerships, collaborations.
Nestlé spans categories like dairy, confectionery, coffee, breakfast cereals, and pet food. The company also has a significant presence in the healthcare sector through Nestlé Health Science, focusing on nutritional solutions for medical conditions. Nestlé's global reach extends to nearly every country, with a robust network of manufacturing facilities and distribution channels. With an impressive brand portfolio featuring iconic names like Nescafé, Kit Kat, and Gerber, Nestlé has a commitment to nutrition, health, and wellness at the core of its mission. Sustainability and corporate social responsibility are key priorities for the company, evidenced by its initiatives to reduce environmental impact and address social issues.
Plant-based Creamer Industry News
- In Apr 2023 Nestlé and private equity firm PAI collaborated to set up a joint venture for Nestlé's frozen pizza business in Europe.
The plant-based creamer market research report includes in-depth coverage of the industry with estimates & forecast in terms of transactional value (USD Billion) from 2018 to 2032, for the following segments:
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Market, By Product Type
- Soy-based Creamers
- Almond-based Creamers
- Oat-based Creamers
- Coconut-based Creamers
- Rice-based Creamers
- Other Plant-Based Creamers
Market, By Form
- Liquid Creamers
- Powdered Creamers
Market, By Flavor
- Original/Unflavored
- Vanilla
- Hazelnut
- Chocolate
- Caramel
- Others
Market, By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
- Direct-to-Consumer (DTC)
Market, By End user
- Coffee Shops and Cafes
- Retail
- Foodservice
- Bakery and Confectionery
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Australia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- Saudi Arabia
- South Africa
- Egypt
Frequently Asked Questions (FAQ) :