The demand for non-dairy creamer is expected to reach USD 181.7 million in 2023 in Korea, up from USD 169.9 million in 2022. The consumption of non-dairy creamer is expected to progress at a healthy pace over the period from 2023 to 2033, with a CAGR of 8.1%. By 2033, the sales of non-dairy creamer are expected to surpass USD 396.93 million in Korea.
Attributes | Details |
---|---|
Industry Size for Korea in 2023 | USD 181.7 million |
Expected Industry Size for Korea in 2033 | USD 396.93 million |
Forecasted CAGR between 2023 to 2033 | 8.1% |
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In Korea, people typically prefer to consume non-dairy creamer in powder form. For 2023, powder is expected to contribute to 58.0% of the industry share by form.
Powder has been the predominant form through which non-dairy creamer has been consumed. Non-dairy powder creamer is expected to continue experiencing high demand due to the non-fussy nature of the product. Additionally, powder has a longer shelf life than non-dairy creamer in liquid form. Thus, the popularity of powder among non-dairy creamer consumers persists.
Demand for Non-dairy Creamer in Korea Based on Form | Powder |
---|---|
Industry Share in 2023 | 58.0% |
Vegetable oil continues to dominate as the prevalent base for non-dairy creamer in Korea. In 2023, vegetable oil is expected to account for 55.9% of the industry share by base.
The use of vegetable oil as a base has faced criticism from customers due to its trans-fat content. However, alternative plant-based bases are expensive to manufacture. Thus, the prevailing method of producing non-dairy creamer with vegetable oil still persists in Korea.
Demand for Non-dairy Creamer in Korea Based on Base | Vegetable Oil |
---|---|
Industry Share in 2023 | 55.9% |
Local companies with creamers have added the non-dairy version to expand business prospects. Industry players are banking on the rising coffee culture in the country to sell non-dairy coffee creamers.
Competitors are also emphasizing the non-lactose and vegan properties of the product. Foreign companies have started making headway in the country. Thus, the landscape for non-dairy creamer in Korea is highly competitive.
Recent Developments Observed in Non-dairy Creamer in Korea
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 181.7 million |
Projected Industry Size by 2033 | USD 396.93 million |
Anticipated CAGR between 2023 to 2033 | 8.1% CAGR |
Historical Analysis of Demand for Non-dairy Creamer in Korea | 2018 to 2022 |
Demand Forecast for Non-dairy Creamer in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Non-dairy Creamer in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
Key Companies Profiled | Hee Chang Dairy And Food Industries; Express 21 Korea Inc.; J Consol Line Co., Ltd.; Kyungseo F&B Co., Ltd.; Euro Line Co., Ltd.; Dongsuh Foods; Alpha Foods; Samyang Foods; Nestlé S.A.; Friesland Campina Kievit BV |
Key Provinces Profiled |
South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of non-dairy creamer in Korea is estimated to be USD 181.7 million in 2023.
Non-dairy creamer is forecasted to develop at a promising rate of 8.1% in Korea for the 2023 to 2033 period.
The industry size for non-dairy creamer is forecasted to reach USD 396.93 million in Korea by 2033.
Vegetable oil is the preferred base for non-dairy creamer in Korea, with an expected industry share of 55.9% in 2023.
Surging vegan population and the demand for lactose-free food are some of the reasons for growth in demand for non-dairy creamer in Korea.
Estimated Industry Size (2025E) | USD 811.1 million |
---|---|
Projected Industry Value (2035F) | USD 1,285.5 million |
Value-based CAGR (2025 to 2035) | 4.7% |
Estimated Industry Size (2025E) | USD 2,136.7 million |
---|---|
Projected Industry Value (2035F) | USD 3,241.6 million |
Value-based CAGR (2025 to 2035) | 4.3% |
Market Value (2022) | USD 25.85 Mn |
---|---|
Market Value (2032) | USD 73.43 Mn |
Market CAGR (2022 to 2032) | 12.3% |
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