Global Powdered Creamer Market growing at a CAGR of 4.4% from 2023 to 2031
Category : Food And Beverages | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the powdered creamer market is predicted to grow at a compound annual growth rate of 4.4% from 2023 to 2031 and is expected to reach USD 2,305.25 million in 2031 and 1,631.29 million in 2023 which was valued at USD 1,567.70 million in 2022.
The report highlights that increasing awareness about lactose intolerance among consumers is driving growth for non-dairy powdered creamers across the globe, which is augmenting global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the Powdered Creamer market.
Global Powdered Creamer Market By Overview
The powdered creamer market is bifurcated into the type, application, and distribution channel. Based on the type, the market is segmented into dairy and non-dairy. The non-dairy segment is further bifurcated into almond, pea, soy, coconut, and others. In 2022, the dairy segment dominate the overall powdered creamer market. Based on the application, the market is segmented into coffee, tea, bakery and confectionary, and others. In 2022, the coffee segment dominate the overall powdered creamer market. Based on distribution channel, the market is segmented into online and offline. Offline segment is further bifurcated into almond, pea, soy, coconut, and others. In 2022, Offline segment dominate the overall powdered creamer market.
Get Free SampleMarket Dynamics
Driver:
- Increasing awareness about lactose intolerance among consumers is driving growth for non-dairy powdered creamers.
- Growing adoption of powdered creamers in the food and beverage industry.
Restraints:
- Growing concern over chemical additives in powdered creamers
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Dairy and Non-Dairy (Almond, Pea, Soy, Coconut, Others) |
| By Application | Coffee, Tea, Bakery and Confectionary, and Others |
| By Distribution Channel | Online and Offline (Supermarket/Hypermarket, Convenience Stores, and Others) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Nestle S.A., TreeHouse Foods Inc., Ripple Foods, and Califa Farms, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the powdered creamer market is expected to witness substantial growth in the coming years due to increasing veganism is promoting the use of dairy-free powdered creamers in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Nestle S.A.
- TreeHouse Foods Inc.
- Ripple Foods
- Nutpods, Super Group Ltd.
- Laird Superfood
- Califa Farms
- Kerry Group
- Rick Product Corporation
- Barry Callebaut
- Chobani
- Danone