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Creamer Market Set for 4.1% CAGR Growth, Projected at $13.85 Billion by 2034
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Suppliers Coming up with Plant-Based Creamers Expanding Their Vegan Customer Base: Fact.MR Report
Suppliers Coming up with Plant-Based Creamers Expanding Their Vegan Customer Base: Fact.MR Report
Fact.MR, a market research and competitive intelligence provider, in its newly published report, stated that the global creamer market is evaluated to reach US$ 9.27 billion in 2024. The market is further projected to advance at a CAGR of 4.1% between 2024 and 2034.
Creamers are in increasing demand worldwide as more people want high-quality and adaptable dairy and non-dairy substitutes for their meals and beverages. They are becoming more popular all over the world for a variety of reasons, far beyond their original usage in coffee. Creamers are being used in baked products, sauces, soups, and even frozen desserts, in addition to improving the flavor and creaminess of hot and cold beverages.
The capacity of creamers to yield a velvety, refined texture renders them an indispensable component for both amateur and expert chefs. Furthermore, the emergence of plant-based and dairy-free creamers has increased their appeal to dietary-restricted and health-conscious customers. The market for creamers is expanding further since there is a growing worldwide demand for flexible and decadent food and drink items. Several creamer manufacturers respond to this need by developing cutting-edge formulas and packaging that satisfy changing customer demands.
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Key Takeaways from the Market Study:
“Creamers are becoming popular in ice creams for bringing new flavor and taste for consumers to enjoy, thereby leading to a steady demand in desserts,” says a Fact.MR analyst.
Improved Marketing Techniques and Promotional Activities Enhancing Profit Share of Manufacturers
Creamer providers are using a variety of cutting-edge marketing strategies to increase the visibility of their goods and take a larger chunk of the worldwide market. Acknowledging the increasing demand from consumers for dairy and non-dairy alternatives that are convenient, customizable, and health-conscious, these suppliers are utilizing smart and multidimensional tactics for increasing sales and exposure. Using influencer marketing and social media is one important strategy. Creamer manufacturers are demonstrating the taste and variety of their goods to a large audience by collaborating with well-known food bloggers, baristas, and lifestyle figures.
Eye-catching visuals and recipe ideas shared across digital platforms help to spark consumer interest and inspire new ways to incorporate creamers into daily routines. Several suppliers are also forging innovative partnerships with coffee shops, cafes, and food service providers. These collaborations not only increase product visibility but also allow for the development of exclusive, co-branded creamer offerings that cater to evolving consumer tastes. By expanding their presence in both retail and food service channels, creamer brands are amplifying their global reach and appeal.
Through these dynamic marketing initiatives, creamer suppliers are successfully contributing to the increased popularity of their products around the world, meeting the growing demand for indulgent, customizable dairy and non-dairy options.
Creamer Industry News:
Key players in the creamer industry continuously introduce new products and engage in strategic activities such as mergers and acquisitions to maintain their competitive edge. In January 2023, Danone launched plant-based coffee creamers under its Silk and So Delicious brands, made from almond and coconut. Coffee Mate by Nestlé introduced its new Kahlua and Crème flavor in September 2022, officially debuting in January 2023. Chobani LLC expanded its product line in January 2022 with plant-based coffee creamers available in four flavors: French vanilla, chocolate hazelnut, caramel macchiato, and sweet & creamy. In November 2021, Land O' Lakes launched 12 SKUs, including chunk, snack, and shredded cheese, across Cub stores in Minnesota, with some products sourced from its Kiel plant in Wisconsin. Additionally, Dairy Day introduced a new range of 500 mL ice cream cakes in India in April 2021, offering flavors such as honey almond, red velvet, choco fantasy, and choco mocha, all of which are eggless and completely vegetarian.
Leading Players Driving Innovation in the Creamer Market:
Key industry participants like Unternehmensgruppe Theo Müller; Schreiber Foods Inc.; Meiji Holdings Company, Ltd.; Baltic Dairy Board; Freedom Foods Group Ltd.; Granarolo S.P.A.; BV Dairy; Burra Foods Australia; Fonterra Co-operative Group; GCMMF (Amul) India; FrieslandCampina; DMK Group; Arla Foods; SODIAAL; Saputo; Borden; Meadow Foods Ltd.; Nestle S.A.; Glanbia PLC; Puratos; Savencia Fromage & Dairy etc. are driving the creamer industry.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the creamer market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on type (regular, light, fat-free), form (powder, liquid), source (dairy, non-dairy), nature (organic, conventional), distribution channel (business to business, business to consumer), and end use (processed food, dairy desserts & beverages, retail/household, beverage mixes, foodservice), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
Check out More Related Studies Published by Fact.MR Research:
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CAGR stands for Compound Annual Growth Rate, which measures the mean annual growth rate of an investment over a specified time period longer than one year.
Plant-based creamers are non-dairy alternatives made from various plant sources, such as nuts, soy, or oats, used to enhance the flavor and texture of beverages and foods.
Market research is the process of gathering, analyzing, and interpreting information about a market, including information about the target audience, competitors, and industry trends.
Consumer perception refers to the way consumers view and interpret a product or brand, which can significantly influence their purchasing decisions.
Market share is the portion of a market controlled by a particular company or product, expressed as a percentage of total sales in that market.
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