What is Vegan Coffee Creamer Market?
Vegan coffee creamer is a plant-based coffee creamer that is made from soy, almond, oat milk, and others. These are store-bought powder or liquid which is commonly added to coffee or black tea. These products are widely available and formulated to blend into a cup of coffee. They are sold in dairy cases in pint-size containers. These factors along with the increased vegan population are increasing the demand for vegan coffee creamer and fuelling the market growth.
The market study is being classified by Type (Oat Based Creamer, Coconut Based Creamer, Almond Based Creamer, Soy Based Creamer, Cashew Based Creamer, Walnut Based Creamer and Hazelnut Based Creamer), by Application (Coffee Shop, Household and Others) and major geographies with country level break-up.
Nestle (Switzerland), Starbucks (United States), DANONE (France), Elmhurst (United States), Califia Farms (United States), Ripple Foods (United States), Forager Project (United States), New Barn Organics (United States), Laird Superfood (United States), Coconut Cloud (United States) and Nutpods (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Vegan Coffee Creamer market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vegan Coffee Creamer market by Type, Application and Region.
On the basis of geography, the market of Vegan Coffee Creamer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Usage of Non-Dairy Creamers in Households
- Stable Cost of Production for Non-Dairy Creamers
Market Trend
- Increasing Popularity of Vegan Culture
Restraints
- Lack of Awareness Among the People
Opportunities
- Increasing Disposable Income
- Inclination of Consumers Towards the Healthy Foods
Challenges
- Low Penetration in Developing Economies
In March 2021, Danone announced that it has launched its new line of vegan coffee creamer product which is a Dairy-Free Creamer with a brand name of Honest to Goodness for its customers
In 2020, Government Regulations Regarding Temporarily Shutting Down of Operations of Physical Stores had Impacted the Market in FY 2020
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others