The global Dairy-free cream market is expected to be valued at USD 413.9 million in 2023 and to reach a valuation of USD 777 million by 2033. The demand for Dairy-free cream is estimated to grow at a steady 7.2% CAGR, with the United Kingdom, the United States, China, and India emerging as key producers.
Some key trends in the market include an increasing demand for plant-based alternatives to dairy products, a growing awareness of the environmental impact of dairy production, and a rise in consumer interest in products that are free from allergens like lactose. Additionally, there has been a rise in innovation and product development in the market, with companies creating new plant-based alternatives that are designed to mimic the taste and texture of traditional dairy cream. Another trend is the growing consumer demand for all-natural and organic products which does not contain any artificial preservatives and ingredients.
Attributes | Details |
---|---|
Dairy-Free Cream Market CAGR (2023 to 2033) | 7.2% |
Dairy-Free Cream Market Size (2023) | USD 413.9 million |
Dairy-Free Cream Market Size (2033) | USD 777 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for dairy-free cream grew at a CAGR of 7.1% between 2016 and 2022, and it's expected to expand at a CAGR of 7.2% between 2023 and 2033. The growth potential of the market could be looked at from short-term, mid-term, and long-term perspectives.
Short-Term Outlook (2023 to 2025): | As the population ages, there is an increasing focus on health among older individuals and a growing number of people who are becoming health-conscious. It is expected that the demand for non-dairy alternatives like dairy-free cream is expected to increase in the short term. |
---|---|
Mid-Term Outlook (2025 to 2028): | The availability and accessibility of dairy-free products are increasing, which is making it easier for people to find and purchase non-dairy cream alternatives. This is expected to increase the demand for dairy-free cream products in the midterm. |
Long-Term Outlook (2028 to 2032): | As more people become health-conscious, the demand for dairy-free cream is increasing as people look for ways to incorporate more plant-based foods into their diets. The growing awareness of the ethical and environmental implications of consuming animal products is driving more people to adopt a vegan diet which is in turn expected to drive the demand for dairy-free cream alternatives in the long term. |
The demand for dairy-free cream is expected to rise rapidly owing to these drivers:
Convenience: Non-dairy cream alternatives can often be stored at room temperature, unlike dairy cream which must be kept refrigerated. This can make non-dairy cream alternatives more convenient for consumers and increase their popularity.
Taste and texture: Some people may prefer the taste and texture of dairy-free cream alternatives over traditional dairy cream which can drive its demand
Culinary uses: Dairy-free cream alternatives can be used in a variety of culinary applications, such as cooking, baking, and as a topping for desserts, which can increase its demand among consumers.
Innovation in ingredients and formulations: Companies operating in the market are continuously researching and experimenting with new ingredients and formulations, making non-dairy cream alternatives more palatable, more healthful, and more versatile.
Growing demand for plant-based diets: The growing popularity of plant-based diets, driven by concerns about health, environmental sustainability, and animal welfare, is increasing the demand for dairy-free cream alternatives.
There has been increased coverage of dairy-free products and diets in the popular press and social media which can create awareness and awareness among consumers
Companies operating in the market are continuously researching and experimenting with new ingredients and formulations, making non-dairy cream alternatives more palatable, more healthful, and more versatile. This innovation can attract more customers to try and use them.
With the aging population, the health consciousness among older people, and the growing number of health-conscious people, the demand for non-dairy alternatives like cream is expected to rise.
Top Companies in the USA States Dairy-Free Cream Industry
CAGR (2023 to 2033) | 8% |
---|---|
United Kingdom Dairy Free Cream Market Share | 8.5% |
United Kingdom Dairy Free Cream Market Valuation (2022) | USD 32.9 million |
United Kingdom Dairy Free Cream Market Valuation (2033) | USD 76.5 million |
A growing number of people in the United Kingdom are embracing flexitarianism, a diet that is mostly plant-based but also includes occasional meat consumption, dairy-free cream is a convenient way for these individuals to reduce their dairy consumption.
Some people may have a dairy allergy, or they may be avoiding dairy products because of a family history of allergies. Dairy-free cream is a good alternative for people with these concerns.
The United Kingdom government has been actively promoting plant-based diets and non-dairy options as part of a sustainable diet, this has also increased awareness and demand for non-dairy alternatives like cream.
Top Companies in the United Kingdom Dairy Free Cream Industry
CAGR (2023 to 2033) | 6% |
---|---|
China Dairy Free Cream Market Share | 8.4% |
China Dairy Free Cream Market Valuation (2022) | USD 32.49 million |
China Dairy Free Cream Market Valuation (2033) | USD 61.6 million |
Dairy-free cream is becoming increasingly popular in China for a number of reasons. One of the main reasons is the growing awareness of the health benefits of dairy-free products, and the desire to incorporate more plant-based foods into the diet. As more people in China become health-conscious and focus on preventative health, the demand for dairy-free cream is increasing.
In addition to that, with the increasing economic growth, urbanization, and exposure to more diverse cultures and food styles, people in China are exposed to more options and a variety of foods, both in terms of taste and health, leading them to explore and try new products. With the rise of health consciousness and a busy lifestyle, the use of plant-based alternatives in daily consumption is becoming more prevalent.
Top Companies in the China Dairy-Free Cream Industry
CAGR (2023 to 2033) | 7% |
---|---|
India Dairy Free Cream Market Share | 3.8% |
India Dairy Free Cream Market Valuation (2022) | USD 14.7 million |
India Dairy Free Cream Market Valuation (2033) | USD 30.9 million |
Dairy-free cream is becoming increasingly popular in India for a number of reasons. One of the main reasons is the growing awareness of the health and environmental benefits of dairy-free products. Many people in India are becoming more health-conscious and are looking for ways to incorporate more plant-based foods into their diets, and dairy-free cream is one way to do that.
Another reason for the popularity of dairy-free cream in India is the high prevalence of lactose intolerance among the population. Lactose intolerance is a condition in which the body is unable to properly digest lactose, a sugar found in milk, which can cause symptoms such as bloating, diarrhea, and gas. Many people in India are lactose intolerant, so dairy-free cream is a convenient alternative for them.
In addition to that, with the increasing economic growth and urbanization, people in India are exposed to more options and a variety of foods, both in terms of taste and health, leading them to explore and try new dairy-free products. With the rise of health consciousness and a busy lifestyle, the use of plant-based alternatives in daily consumption is becoming more prevalent.
Top Companies in the Indian Dairy-Free Cream Industry
Segment | Cream Type |
---|---|
Top Sub-segment | Sour Cream |
Market Share | 31.1% |
Segment | Source |
---|---|
Top Sub-segment | Almonds |
Market Share | 9.8% |
The outlook for the sour cream segment in the market is expected to be positive in the coming years. The growing trend towards plant-based diets and the increasing awareness of the health and environmental benefits of dairy-free products are driving the demand for sour cream alternatives.
Consumers are also becoming more conscious of animal welfare and are looking for more ethical and sustainable food options, which is also driving demand for dairy-free sour cream. As a result, manufacturers are introducing more plant-based options, such as soy-based sour cream, almond-based sour cream, and others.
The increasing popularity of veganism, the rising awareness of lactose intolerance, and the growing concerns about the environmental impact of animal agriculture are all expected to contribute to the growth of the dairy-free sour cream market.
There are several competitive strategies that companies operating in the market can use to gain an advantage over their rivals. Some of these strategies include:
Product Innovation: Companies can introduce new and unique products in the market that are made from different plant-based ingredients like hemp, flax, etc.
Branding: Building a strong brand image can help companies differentiate their products and create loyalty among customers.
Distribution: Establishing strong relationships with distributors and retailers can help companies increase the availability of their products in the market.
Promotion of health and environmental benefits: Companies can leverage promoting the healthy and environmental benefits of their products in marketing and advertising campaigns to increase their appeal among health-conscious and environment-conscious consumers.
Quality: Focusing on the quality of the products and packaging can help companies create a reputation for producing high-quality products and differentiating them from their competitors.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The dairy free cream market size is valued at USD 413.9 million in 2023.
The dairy free cream market is projected to thrive at 7.2% CAGR through 2033.
The dairy free cream market is predicted to surpass USD 777 million by 2033.
The sour cream segment leads with an acquired 31.1% of the dairy free cream market share in 2022.
The United Kingdom’s dairy free cream market is predicted to rise at 8% CAGR through 2033.
Explore Food and Beverage Insights
View Reports