Global Market Study on Plant-based Creamers: Rising Veganism Trend Across the Globe Shoring Up Demand


Plant Based Creamer  Market
  • Published On : May-2020 |
  • Pages : 250 Pages |
  • Format : Plant Based Creamer  Market Plant Based Creamer  Market Plant Based Creamer  Market Plant Based Creamer  Market

In established markets such as North America and Europe, veganism is a popular trend, with more and more people joining in as time goes by. This section of the population consumes only plant-based products. This trend is also affecting emerging markets such as South Asia and East Asia. This increasing popularity of veganism is expected to bolster the growth of the plant-based creamer market over the coming years.

  • Danone’s plant-based product offerings have registered nearly double-digit growth across its markets in Europe. This is a result of the increasing popularity of veganism in European countries.

Demand for Low-fat, Non-GMO, Lactose-free, Gluten-free Plant-based Creamers

Increasing popularity of the dairy-free trend has resulted in a large number of consumers shifting their preference toward non-dairy products. Consumers of plant-based creamer products seek lactose-free, gluten-free, and non-GMO products. The ongoing trend of low-fat non-dairy products such as milk, yogurt, and cream is enabling the manufacturers of plant-based creamers to introduce plant-based creamer products that are low in fat, non-GMO, and lactose-free.

  • For instance, all the products under the brand of Nestlé, called Coffee-Mate, are sold as low-fat, non-GMO, lactose-free, and gluten-free plant-based creamers.

Variations in Flavor, Taste, and Texture Aiding Demand Growth

Taste and texture are what determines the success of meat and dairy alternatives. Manufacturers are creating appealing, attractive tastes and textures for their plant-based creamer products, and are focusing on providing real and delicious taste. Consumers seek products with good taste, texture, and flavors with healthy ingredients. These factors will create huge opportunities for the Europe and APAC plant-based creamer markets.

  • For instance, Nestle S.A. provides a wide range of creamers with different flavors and ingredients, such as chocolate, vanilla, cinnamon, pumpkin spice, peppermint, etc.

Rising Demand for Customized Plant-based Creamers 

Manufacturers in the global plant-based creamer market are focused on providing custom plant-based creamer products to food the manufacturing, foodservice, and household sectors. These customized plant-based creamers are manufactured according to the requirements of the end-use sector such as bakery, cafés, desserts, and foodservice, processed food industries, and household uses. As such, the demand for plant-based creamers is expected to increase in foreseeable future.

  • For instance, Puratos NV produces plant-based cream toppings, which are used in the bakery, dairy, dessert, and household sectors. It also provides customized creamer toppings for these industries.

Technological Advances in Food Equipment Shaping Industry

There have been many advancements in recent years in food equipment, which have changed the dynamics of the food processing industry in terms of technology, trends, and new developments. Advanced technological developments have brought about a huge change in the plant-based creamer market as well. 

A few years ago, plant-based creamers were a concept that could only be imagined. But, due to spray drying and hydrogenation techniques, a creamer without milk content was made possible. Additionally, production costs of manufacturing plant-based creamers were higher a few years ago. These costs have reduced in recent years due to various advancements, thus increasing the prospects of manufacturers in the plant-based creamer market space.

  • Nestlé’s Coffee-Mate brand launched a new product called Natural Bliss. This product is made from plant-based milk, and it is witnessing high sales. Customers have shown a positive response to this product, especially in the Americas.

North America and Europe Collectively Dominate Market; Plant-based food Consumption Trend Increasing in Asia Pacific

The global plant-based creamer market is mainly dominated by two regions - Europe and North America, which together account for more than 60% of the market share. These two regions are also the largest plant-based creamer producing regions with the highest number of plant-based creamer manufacturers as well as consumers.

Asia Pacific is displaying fast increment in growth, attributable to the changing lifestyle of consumers. Industrialized and developed countries such as Australia, New Zealand, Japan, Singapore, Hong Kong, and South Korea are major markets for plant-based foods in the Asia Pacific market. There is also an increase in the demand for products in developing countries such as India and China, due to rising awareness about the health benefits of plant-based creamers and food.

Anticipated COVID-19 Impact on Plant-based Creamer Market

The ongoing health crisis around COVID-19 has affected all walks of life. As the COVID-19 pandemic spreads across the world, most industries, along with the agriculture and food and beverage industry supply chain is stepping up to keep employees and consumers safe, while still providing vital equipment, services, commodities, and food.

Production by key manufacturers of plant-based creamers has either reduced or stopped, as many countries have imposed total lockdowns. To control the widespread of coronavirus, many economies have declared a national emergency, due to which, the transportation system has collapsed. Manufacturers of plant-based creamers are facing numerous challenges, right from the procurement of raw material, processing of ingredients due to the shortage of labor, transport, and the distribution of the final product. 

The foodservice and HoReCa industry is the second-largest consumer of plant-based creamers across the globe, which has been bit badly by the pandemic. Europe has the largest number of foodservice and HoReCa outlets, followed by North America. Both these regions are suffering from the spread of COVID-19. The tourism sector has been destroyed over the last few months across the world. These factors have negatively impacted the growth of the foodservice and food & beverage industry, and, in turn, has widely impacted the growth of the plant-based creamer market. 

The world is proceeding toward a global recession, but the premium consumer class will always have spending power to purchase products. The pricing of plant-based creamers may be impacted shortly due to food inflation. These factors are expected to leave an impact on the growth of the global plant-based creamer market for at least the next couple of quarters.

Analysts’ Viewpoint

The global plant-based creamer market is witnessing moderate growth. Key players in the market could gain additional profits by targeting food manufacturers and collaborating and partnering with foodservice and HoReCa industry operators. Manufactures need to be focused on marketing the benefits of plant-based creamers among consumers. Additionally, emerging economies in South Asia and East Asia offer huge opportunities to expand business in the global plant-based creamer market.

Plant-based Creamer Market: Report Scope

The latest market report by Persistence Market Research on the global plant-based creamer market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global plant-based creamer market for the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global plant-based creamer market. This market study contains exclusive insights into how the global plant-based creamer market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global plant-based creamer market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with plant-based creamer. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, to enable readers to better understand the analysis and evaluation of the global plant-based creamer market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global plant-based creamer market size and corresponding revenue forecast carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the plant-based creamer market. Furthermore, new and emerging players in the global plant-based creamer market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global plant-based creamer market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global plant-based creamer market. All stakeholders in the global plant-based creamer market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Plant-based Creamer Market

PMR’s report on the global plant-based creamer market offers information divided into seven segments - form, nature, type, source, end use, distribution channel, and region.

Form

  • Powder
  • Liquid

Nature

  • Organic
  • Conventional

Type

  • Regular
  • Light
  • Fat-free

Source

  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Vegetable Oil
  • Others

End Use

  • Food & Beverage Industry
  • Foodservice Industry
  • Retail/Household

Distribution Channel

  • Business to Business
  • Business to Consumer
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Retail

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Plant-based Creamer Market

  • Which region will hold the highest market share in the global plant-based creamer market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global plant-based creamer market?
  • Which are the global trends impacting the plant-based creamer market?
  • What strategies must be emerging players adopt to capture opportunities in various regions in the plant-based creamer market?
  • What is the market structure of the global plant-based creamer market?

Global Plant-based Creamer Market: Research Methodology

Persistence Market Research is committed in providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the market, and reach conclusions about the future growth factors of the plant-based creamer market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensure accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level, to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Plant Based Creamer Market Report

  • Nestle S.A.
  • Danone S.A.
  • Royal FrieslandCampina N.V.
  • Preserved Food Specialty Co. Ltd.
  • Rich Products Corporation
  • PT Santos Premium Krimer
  • Custom Food Group
  • Mokate Group
  • Korn Thai Co. Ltd.
  • Puratos NV
  • Hanan Products Co. Inc.
  • Goodrich Carbohydrates Limited
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