Global Coffee Creamer Market is valued approximately USD 17.14 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2022-2029. Ccoffee creamer is creamier, and thicker and has a little sweet flavour. Unlike milk, coffee creamer has calories and fat. It contains added ingredients such as artificial flavors, sugar, artificial flavors. The Coffee Creamer market is expanding because of factors such as rising consumer willingness to spend on healthy products and increased consumption of coffees at home. The number of cafes, coffee shops, and restaurants that sell coffee is also gradually growing, which is anticipated to raise demand for coffee creamer. Another factor that is anticipated to have an impact on market growth for coffee creamers is an increase in consumer spending power and per capita coffee consumption.
According to Statista, in year 2020, Worldwide non-alcoholic beverage market revenue stood at USD 1038,054 million which increased to USD 1155205 million in year 2021 and it is projected to reach at USD 144158 million by year 2025. Furthermore, rising consumption of non-dairy products and rising demand for ready to drink and rising number of cafe outlets is favoring the growth of market. However, the high cost of Coffee Creamer and fluctuation in prices stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Coffee Creamer Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the increasing number of lactose intolerant consumers in the regional market, rising number of target population in the region. Furthermore, Asia Pacific region is expected to have a significant rate owing to factors such as rising number of consumer preference to spent more on flavored coffee.
Major market players included in this report are:
Royal FrieslandCampina NV
Land O'Lakes, Inc.
Almer Malaysia SDN BHD
Custom Food Group
Fujian Jumbo Grand Food Co. Ltd.
Jacobs Douwe Egberts BV
Jiangxi Weirbao Food and Biotechnology Co. Ltd.
TreeHouse Foods Inc.
Recent Developments in the Market:
In February 2022, Nestle-owned brand Coffee mate announced the launch of plant-based creamers in flavours French Vanilla as well as Caramel. ItIts conventional French Vanilla creamer is best-selling in the refrigerated aisle, and the new almond and oat-based version provides an option for those who avoid dairy.
In Aug 2022, Chobani announced latest innovation and launch Chobani Plant-Based Coffee Creamers blends the plant-based ingredients in order toto create creamy, rich, dairy-like product.
Global Coffee Creamer Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product Type, Nature, Form, Application, Type, Sales Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Powder Coffee Creamer
Liquid Coffee Creamer
By Sales Channel:
Rest of the World