Powdered Creamer Market Size, Share, Segmentation | Competitive Growth , Acquisitions and Merger , Emerging Trends

 

Powdered Creamer Market :

Powdered creamer , a dairy-based or non-dairy powdered product, is widely used as a coffee and tea additive. It offers convenience, affordability, and a long shelf life, making it a popular choice for both households and commercial establishments

The market accounted for USD 1,567.70 million in 2022 and USD 1,631.29 million in 2023, and the market is projected to be valued at USD 2,305.25 Million by 2031.

Market Drivers

Several factors are driving the growth of the powdered creamer market:

·         Rising Demand for Convenience Foods: The increasing trend of busy lifestyles and the growing demand for quick and easy food solutions are propelling the market growth.

·         Increasing Coffee Consumption: The global surge in coffee consumption, particularly in emerging markets, is driving the demand for powdered creamers.

·         Diverse Product Offerings: Manufacturers are introducing innovative products, such as flavored creamers and plant-based options, to cater to evolving consumer preferences.

·         Cost-Effective Alternative to Liquid Creamers: Powdered creamers are often more affordable than liquid creamers, making them a budget-friendly option for consumers.

·         Lactose intolerance is a digestive condition that affects people who have difficulty digesting lactose, the sugar found in milk and other dairy products.

Market Key Restraints

Despite its growth potential, the powdered creamer market faces certain challenges:

·         Health Concerns: Some consumers are concerned about the potential health implications of consuming powdered creamers, particularly those containing artificial additives and hydrogenated oils.

·         Increasing Preference for Fresh Dairy Products: A growing segment of consumers is opting for fresh dairy products, which may impact the demand for powdered creamers.

·         Powdered creamers are widely used in many beverages and act as an alternative to other milk products. However, powdered creamers are highly processed foods with many sugar and chemical additives such as vegetable oils, sodium caseinate, dipotassium phosphate, artificial flavors, and others. Further, the additives in powdered creamers can be toxic if consumed in high quantities or for longer durations.

Future Opportunities

The powdered creamer market presents several opportunities for growth:

·         Expanding into Emerging Markets: Emerging markets with growing middle-class populations offer significant growth potential for powdered creamers.

·         Developing Innovative Products: Introducing new and innovative products, such as organic, non-GMO, and plant-based creamers, can attract health-conscious consumers.

·         Also, many key manufacturers of powdered creamers such as Nestle S.A. are developing their dairy-free and vegan alternatives to cater to the growing demand from vegan consumers

·         Collaborating with Food Service Industry: Partnering with cafes, restaurants, and hotels can expand the market reach of powdered creamers.

Key Players

Several key players dominate the global powdered creamers market:

·         Nestle

·         Fonterra Co-operative Group

·         Friesland Campina

·         Lactalis

·         Yili Group

·         These companies are investing in research and development to introduce new products and expand their market presence.

Segmental Analysis :

·         The powdered creamer market can be segmented based on various factors:

·         Product Type: Dairy-based, plant-based (soy, almond, oat, etc.)

·         Distribution Channel: Retail, foodservice

·         Packaging Size: Small packets, bulk packs

Regional Analysis

·         The Asia-Pacific region is expected to dominate the global powdered creamer market due to its large population, rising disposable incomes, and increasing coffee consumption. Other key regions include North America, Europe, and the Middle East and Africa.

·         Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 4.6% during 2023-2023.

Recent Developments

·         Product Launches: Key players are continuously launching new products to cater to diverse consumer preferences.

·         Strategic Partnerships: Companies are forming strategic partnerships to expand their market reach and distribution networks.

·         Focus on Sustainability: Manufacturers are emphasizing sustainable sourcing and production practices to appeal to environmentally conscious consumers.

·         In January 2021, Coffee Mate, a Nestlé brand, launched three new coffee creamer flavors: M&M's Milk Chocolate, Oatmeal Crème Pie, and Glazed Donut. The Oatmeal Crème Pie flavor is a combination of cinnamon, brown sugar, and oatmeal cookie flavors.

 

 

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