The United Kingdom dairy free cream market is anticipated to progress at a CAGR of 8% and is likely to surpass a market value of US$ 76.5 million by 2033. The United Kingdom currently accounts for 8.5% shares in the global dairy free cream market. In 2023, dairy free cream market size in the United Kingdom reached US$ 32.9 million.
Growing trend of flexitarianism is a key factor expected to propel demand for dairy free cream across the United Kingdom during the forecast period. Plant-based diets are becoming increasingly popular with consumers, particularly those who are looking for an alternative to dairy-based products.
As a result, there has been an increase in the population of flexitarians in Europe. This has created a significant demand for dairy-free cream products and has given rise to innovative and new products on the market.
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In response, food manufacturers have started introducing new dairy-free cream products, such as oat cream, almond cream, and coconut cream. These products are available in a variety of flavors, textures and colors, making them appealing to a wide range of consumers.
According to a research conducted by the Federal Ministry of Food and Agriculture, 63% of Germans are attempting to cut back on their consumption of meat, and about 35% of the population considers the availability of vegetarian or vegan products to be “very important.” This makes Germany one of the most vegetarian nations in Europe.
Further, companies such as Unilever, Danone, Naturli’ Foods, and Oatly are at the forefront of innovation, launching new vegan and dairy-free cream products in the European market. These product launches are expected to fuel the growth of the dairy-free cream market in upcoming years.
Key Takeaways from the Dairy Free Cream Market
- The global dairy free cream market is set to thrive at a 2% CAGR during the assessment period.
- By 2033, the global dairy free cream market size is forecast to reach US$ 777 million.
- Dairy free cream demand across the United Kingdom is poised to surge at 8% CAGR between 2023 and 2033.
- Rise of flexitarianism across Europe is forecast to boost dairy free cream sales during the assessment period.
“As more and more people across Europe are following a flexitarian diet, demand for plant-based products such as dairy free cream is expected to rise rapidly. Hence, key companies are adding a range of products to their product line to draw customer attention,” says a lead FMI analyst.
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Competition Landscape in the Dairy Free Cream Market
Key players in dairy free cream market are working on expanding their product offerings by adding a range of innovative products.
Elmlea, Minor Figures, and Naturli’ Foods are key companies in Europe dairy free cream market.
Recent Developments:
- In November 2019, Elmlea, a dairy company owned by Upfield, introduced its first line of plant-based cream substitutes, marking the company’s entry into the market for such goods.
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Key Segments
Product Type:
- Soy cream
- Almond cream
- Oat cream
- Coconut cream
- Others
Source of Ingredients:
- Soy
- Almonds
- Oats
- Coconuts
Application:
- Baking
- Cooking
- Topping
Distribution channel:
- Supermarkets
- Grocery stores
- Health food stores
- Online
End-use:
- Commercial
- Household
Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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