PUBLISHER: Grand View Research | PRODUCT CODE: 1404953
PUBLISHER: Grand View Research | PRODUCT CODE: 1404953
The global coffee creamer market size is expected to reach USD 6.90 billion by 2030, registering a CAGR of 5.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing popularity of coffee consumption around the world is driving demand for convenient and flavorful coffee products. The non-dairy segment led the market in 2022 and is anticipated to show similar trends during the forecast period. A rise in demand for plant-based and vegan options among consumers who are looking for healthier and more sustainable products is augmenting market growth. Non-dairy creamers, such as those made from soy, almond, and coconut, are seen as healthier alternatives to traditional dairy creamers. In addition, non-dairy creamers have a longer shelf life than dairy creamers, which makes them a convenient choice for consumers.
The liquid creamer segment held the largest revenue share in 2022 and is expected to maintain its dominance over the forecast period owing to the broad range of flavors and varieties they offer compared to powdered creamers, including seasonal flavors, which cater to the evolving taste of consumers. Liquid creamers can be easily poured and mixed into coffee, thus offering greater convenience to consumers over powdered creamers. The rising trend of at-home coffee brewing is expected to boost their demand further as consumers seek to recreate the cafe experience at home. The conventional creamers segment held a significant share in 2022. This was due to their easy availability in grocery stores. Conventional creamers are often priced more competitively than organic options, making them a more affordable choice for many consumers.
However, as more consumers become health-conscious and environmentally aware, there is an increasing demand for organic and natural products, which will drive organic coffee creamer demand. The flavored segment is expected to register a significant CAGR from 2023 to 2030 due to the availability of a variety of flavors. Flavored creamers can enhance the taste of plain coffee. Several flavors including hazelnut, vanilla, chocolate, caramel, and French vanilla are some of the popular flavors. Distribution through supermarkets & hypermarkets held the largest share as they engage in the retailing of a variety of household goods & food. Rising disposable income levels are responsible for increased sales through these stores. Moreover, COVID-19 has resulted in many customers shifting to online medium of purchase. However, brick-and-mortar stores remain a preferred choice of customers.