According to Future Market Insights (FMI), the USA plant-based creamers market is set to reach US$ 618.5 million in 2023.
From 2023 to 2033, plant-based creamer sales in the USA is expected to soar at 9.7% CAGR. This will take the total market valuation to US$ 1,601.4 million by 2033.
Increasing vegan population along with high demand for vegan products is a key factor driving the USA plant-based creamers industry.
People across the United States are rapidly shifting their preference toward plant-based food products. This is creating a favorable environment for the development of plant-based creamers.
“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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Introduction of unique flavor combinations will also play a key role in fueling sales. Manufacturers of plant-based creamers are coming up with unique flavors to attract customers.
The popularity of plant-based creamers is escalating due to their ability to satisfy a variety of different tastes. Creating fresh and delicious coffee creamer products can help companies increase market reach and enhance customer loyalty.
Growing adoption of advanced packaging is projected to create new growth prospects for the market.
Packaging plays a crucial role in maintaining food quality, reducing food waste, and decreasing the need for preservatives.
It serves the important purpose of holding food, safeguarding against physical and chemical harm, and providing essential information to consumers and marketers.
With the growing demand for plant-based creamers in the United States, manufacturers are paying attention to consumers’ expressed and implied needs and preferences. There has been a shift towards the use of advanced packaging that effectively conveys the brand’s message.
With manufacturers emphasizing the “healthy” aspect of their products, packaging designs and materials have also changed. This included changes in labeling regarding product offerings.
Key Takeaways from the USA Plant-based Creamers Market Report:
- The USA plant-based creamer market value will reach US$ 618.5 million in 2023.
- Overall sales of plant-based creamers in the USA are set to rise at 9.8% CAGR over the next decade.
- By 2033, the USA market valuation will exceed US$ 1,601.4 million.
- Based on form, liquid segment held a market share of 68.3% in 2021, and it is likely to progress at 10.6% CAGR through 2033.
- By nature, demand will remain high for organic plant-based creamers through 2033
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
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Website: https://www.futuremarketinsights.com
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