According to Future Market Insights (FMI), the USA plant-based creamers market is set for substantial growth, with an estimated value of US$ 618.5 million in 2023, projected to soar to US$ 1,601.4 million by 2033. The market is anticipated to witness a value-based Compound Annual Growth Rate (CAGR) of 9.8% from 2023 to 2033, reflecting the increasing consumer preference for dairy alternatives.
Plant-based creamers, derived from sources like almond, soy, cashew, and oat milk, cater to lactose-intolerant and health-conscious consumers. The market has progressed steadily, with sales growing at a CAGR of 6.8% between 2018 and 2022. The forecast predicts a surge at a higher CAGR of 9.8%, reaching a total valuation of US$ 1,601.4 million by the end of 2033.
“Rising Popularity of veganism across the USA will continue to bolster plant-based creamer sales. Further, introduction of new vegan creamers in the market will boost the market through 2033. Manufacturers are likely to gain significant revenues by focusing on producing varieties that cater to the millennial population.” – says a lead analyst at Future Market Insights (FMI).
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Key Growth Factors
- Changing Consumer Behavior: A shift towards healthy and dairy-free alternatives due to increased awareness of lactose intolerance and dairy allergies is boosting the demand for plant-based creamers.
- Veganism Trend: Rising adoption of veganism, particularly among athletes and the younger generation, contributes to the growing demand for plant-based products, including creamers.
- Product Innovation: Manufacturers focus on product fortification and introduce low-fat and fat-free variants, meeting the demand for healthier alternatives. DANONE North America’s introduction of new dairy-free creamers exemplifies this trend.
Top Trends Shaping the Industry
- Vegan Acceptance: The growing acceptance of veganism and the demand for plant-based products propel the market forward.
- Product Variety: Introduction of new creamers with unique flavors, textures, and tastes enhances consumer choices.
- Online Accessibility: Easy availability through online platforms contributes to market growth, providing consumers with convenient access.
Comparative Analysis
- Non-Dairy Creamer Market: Projected at a 7% CAGR with a market value of US$ 3414.8 million in 2033.
- Ready-to-Drink Coffee: Anticipated to grow at an 8.3% CAGR, reaching a market value of US$ 45.4 billion in 2033.
- Coffee Creamer Market: Expected to have a 5.6% CAGR, reaching a market value of US$ 32.8 billion in 2033.
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Demand for Organic Plant-based Creamers
The demand for organic plant-based creamers is rising due to the ongoing trend of using clean-label products. Consumers prefer organic options, driving the market toward cleaner and safer alternatives.
Key Takeaways for Investors
Investing in the USA plant-based creamers market presents a promising opportunity. The industry’s positive growth trajectory, fueled by changing consumer preferences, innovative product offerings, and the increasing trend of veganism, makes it an attractive sector for investors.
Competitive Landscape
Leading plant-based creamer manufacturers in the USA market include Califia Farms, Nut Pods, Ripple Foods, Danone, Palsgaard, SunOpta Grains and Foods Inc., Chobani, LLC, Oat-Ly, Nestle SA, Natural Bliss, and Milkadamia.
These players are constantly launching new plant-based creamer variants into the market. They are also using strategies such as mergers, facility expansions, partnerships, collaborations, mergers, and alliances to expand their presence in the USA market.
For instance,
- In August 2021, Danone announced the acquisition of Follow Your Heart, a plant-based food company that produces vegan cheese, mayonnaise, and salad dressings, among other products.
- In June 2021, Laird Superfood announced the launch of a new line of vegan creamers made from coconut milk powder, which included flavors like Original, Cacao, and Turmeric.
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USA Plant-based Creamers Market by Category
By Form:
- Powder
- Liquid
By Nature:
- Organic
- Conventional
By Base:
- Soy
- Almond
- Coconut
- Oats
- Hemp
- Rice
- Cashews
By Flavor:
- Original
- French Vanilla
- Chocolate
- Coconut
- Hazelnut
- Others
By End Use:
- HoReCa
- Food & Beverage
- Beverage Mixes
- Coffee Mixes
- Tea Mixes
- Food Premixes
- Soups & Sauces
- Bakery Products
- RTD Beverages
- Infant Food
- Prepared & Packaged
- Beverage Mixes
- Household/Retail
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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