Dairy-Free Creams - A Proliferative Market
The dairy-free creams market has shown colossal surge in recent years pertaining to the growth of awareness regarding milk-protein allergies and lactose intolerance. Health benefits of dairy-free creams are also a significant factor in the proliferation of the market. Consumers have shown a preference for vegan diet with rising concerns over animal rights and environmental protection. These factors are expected to drive the growth of the industry in the upcoming decade. The global dairy alternative market has billowed tremendous growth in dairy free creams derivatives like ice creams and cream cheese with North America leading the charge in the past while Asia is showing a lofty promise in the recent period.
Market Dynamics: Lactose Intolerance and Milk Protein Allergies Shaping the Future of the Market
Around 80% of people around the world are allergic to milk or some variety of milk protein. This along with rising trends in dietary restrictions like vegan diets or non-dairy diets and raising concerns over potential health risks due to adulteration of milk is trending the market to choose dairy-free creams instead of regular milk creams. Also, with a rise in people's choice to consume desserts, usage of dairy-free creams is on the rise. This is due to the extended storage capability of dairy-free creams over regular dairy cream, thus giving the product a substantial shelf life.
The consumption of dairy-free ice-cream is on the rise in recent years, which gives a massive boost to the market for dairy-free creams being a principal ingredient.
Dairy-Free Creams Market Segmentation
Dairy-free creams are segmented by application, source material, claims, grade (fat content), end-use industries, and sales channels. Dairy-free creams are often used in the production of sour cream, cream cheese, ice cream, butter, whipping cream, and also in cosmetic creams and shaving creams. Dairy-free creams' sources are segmented into almonds, cashews, coconut, hemp seeds, macadamia nut, oats, peanuts, quinoa, rice, soya, avocado, and vegetable oils. Out of these sources, consumption of dairy-free creams produced from coconut is more than any other source. Other sources, like various nuts and Hemp, are growing in popularity due to their characteristic taste. Cream made from vegetable oil is considered to be lower grade and is often utilized in the cosmetics industry. Dairy-free creams are also segmented according to the claims made by the company as non-GMO, organic, and vegan.
Dairy-free creams are segmented into grades according to their fat content, and follows ascending order; half and half cream, light cream, whipping cream, heavy cream, and manufacturing cream. The end-user industries of dairy-free creams are classified into HoReCa, food processing, bakery, coffee beverages, cosmetics, and ice-cream. Dairy-free creams' sales channels are direct, indirect, online retail, convenience stores, small groceries, and modern trade channels. The global market of dairy-free creams can be segmented into seven regions: North America, Latin America, Europe, Asia, Oceania, and Middle East and Africa.
Currently, the North American region is the leader in the consumption of dairy-free creams as a report shows that almost 8 out of 10 Native Americans are lactose intolerant. Also, the knowledge about the effects of milk allergies and lactose intolerance is widespread in American countries. Along with that, high per capita income runs the dairy-free creams market in the American region. The growth of dairy-free creams market in this region is distinctively possible to be steady over the upcoming period. Currently, Asia is showing maximum increase in the dairy-free creams market primarily due to the high population and spread of knowledge regarding advantages of dairy-free creams. Europe tends to have a stagnant market for dairy-free creams as people of European origin are more lactose tolerant than other ethnic groups as reported in the study conducted by researchers at MIT, Cambridge. Though erudition about the benefits of dairy-free creams is on the rise in the European market, the growth is prospective to be sluggish.
Major Players in the Market:
The niche dairy-free creams market right now is full of small players manufacturing dairy-free creams from various sources. Some major parties include Otsuka Japan, Nestle, Rich, Danone, Dean Foods, Jumbogrand Bangkok, Hanan Products, Kerry Ingredients, Davars, DuPont, and others.
The research report presents a comprehensive assessment of the dairy free creams market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to the segments in the dairy-free creams market, such as geography, type, source, manufacturers, and sales channel.
The dairy-free creams market report covers exhaustive analysis on:
- Dairy-Free Creams Market Segments
- Dairy-Free Creams Market Dynamics
- Dairy-Free Creams Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology in the Dairy-Free Creams Market
- Value Chain of the Dairy-Free Creams Market
Regional analysis for the dairy-free creams market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, Nordics, Russia, BENELUX, Rest of Europe)
- Asia (India, China, South Korea, Japan, Thailand, Malaysia, Indonesia, Rest of South Asia)
- Oceania (Australia, New Zealand)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report on the dairy-free creams market provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per the segments of the dairy-free creams market. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of the parent market
- Changing market dynamics in the Dairy-Free Creams industry
- In-depth market segmentation of Dairy-Free Creams
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Dairy-Free Creams market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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