Foaming Creamer Market Size & Industry Share - Growth Trends & Forecasts (2023 - 2030)

Based on the Type :

The type segment is categorized into dairy-based and non-dairy-based. The largest foaming creamer market share for type segment is accounted to dairy-based segment in year 2022 owing to its creamy and rich taste. Dairy-based creamers have been used as a traditional creamers in a wide range of applications. The natural sweetness and diverse flavors of diary-based creamer enhance the overall taste and visual appearance of the beverages which are the crucial characteristics significantly boosting the foaming creamer market growth.

However, the non-dairy based segment is expected to grow at the fastest CAGR in the market during the forecast period owing to the increasing demand for plant-based alternatives and vegan options. Non-dairy-based creamers are plant-based alternatives as they are composed of ingredients such as almond milk, oat milk, or coconut milk.

Consumers who are lactose intolerant and have dietary allergies are seeking alternatives to traditional dairy creamers such as non-dairy creams which provides a suitable solution to meet their dietary preferences, in turn, driving the segmen's expansion.

For instance, in August 2022, Coffee Mate, a brand of Nestle introduced the launch of plant-based creamers in the flavors of French vanilla and caramel. Hence, the increasing varieties and flavors of non-dairy based creamers are anticipated to boost the expansion of the market.

Based on the Form :

The form segment is classified into liquid and powder. In 2022, the powder segment accounted for the highest market share in the market as they offer convenience in terms of storage, transportation, and usage. Further, the powder form provides longer shelf life as compared to liquid which is a key driver of the market.

The foaming creamer market analysis indicated that the liquid segment is anticipated to grow at the fastest CAGR over the forecast period. Liquid creamer helps to eliminate the need for dissolving powdered creamers and is directly added to the beverages. This makes them a convenient option for consumers seeking a quick and hassle-free solution for achieving a frothy texture which is a significant factor anticipated to prominently contribute to the foaming creamer market growth.

Based on the Application :

The application segment is divided into coffee, chocolate drinks, tea, and others. In 2022, the coffee segment accounted for the highest market share of 22.10% in the market and is also expected to grow at the fastest CAGR over the forecast period. The opportunities for growth are due to the increasing preference of consumers for specialty coffees such as iced coffee, coffee with ice cream, and others offered by coffee chains. Analysis of trends in the market indicates that the evolving research and developments are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-users

For instance, in July 2020, Nestle and Starbucks introduce the launch of non-dairy coffee creamers made from almond milk and oat milk as part of their coffee alliance's plan to expand into plant-based products. Hence, the development of varieties of coffee creams is the key factor driving the segment's proliferation.

Based on the Distribution Channel :

The distribution channel is classified into online and offline. In 2022, the offline segment accounted for the highest foaming creamer market share as such creamers are available in a wide range of stores including hypermarkets and supermarkets, specialty stores, and others. Offline stores provide the opportunity to understand product ingredients and properties, resulting in the development of this segment.

The foaming creamer market analysis suggested that the online segment is anticipated to grow at the fastest CAGR over the forecast period. The rise of this segment is attributed to the shift in customer behavior of shopping online through e-commerce websites, online marketplaces, and mobile applications. Furthermore, the facility of home delivery provided by online sales channels is contributing to the expansion of the market.

For instance, according to India Brand Equity Foundation, the e-commerce market in India is expected to reach USD 111 billion by 2024 and is anticipated to increase to USD 200 billion by 2026. Hence, the rising trend of e-commerce is likely to boost the market development of foaming creamers.

Based on the Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share at 37.45% and was valued at USD 67.90 million, and is expected to reach USD 94.37 million in 2030. Analysis of foaming creamer market trends concludes that in North America, the U.S. accounted for the highest market share of 63.35% during the base year 2022. Owing to high consumption rates of coffee and coffee-based beverages. The region is the hub of coffee shops, cafes, and specialty coffee establishments that require foaming creamer to enhance the texture and appearance of coffee beverages.

Further, the key players in the region are focusing on expanding their product offerings through mergers, acquisitions, and partnerships. For instance, in September 2022, Toll House, a U.S.-based company partnered with Coffee-Mate, a brand of Nestle to launch a new limited-edition brown butter chocolate chip cookie-flavored creamer.

Hence, the development of varieties of foaming creamers is boosting the growth of the foaming creamers market in the region.

Asia Pacific accounted is anticipated to witness the fastest CAGR of 5.8% during the forecast period owing to the increasing expansion of the food service sector and rising adoption of Western coffee culture in 2030. The growth of the market is attributed to the rapidly growing industry sectors including food and beverage and hospitality. The sectors have extensive printing requirements for making vaious drinks and food items, driving the need for creamers. In addition, Asia Pacific has several leading creamer manufacturers that have a strong focus on research and development, leading to the development of better products.