The global non-dairy toppings market is anticipated to grow from a value of US$ 1.2 billion in 2023 to US$ 2.6 billion by the end of 2033, expanding at a CAGR of 8%. Due to the wide range of ways that liquid non-dairy toppings can be used in ready-to-eat foods and how simple it is to combine them in recipes, the demand for them is expected to grow at a significant CAGR.
Because of the steady increase in vegans around the world, animal-based products are relegated to the background. The demand for non-dairy toppings is rising as a result of increased awareness about nutrition, health, the environment, and animal cruelty, particularly among the large millennial population. The liquid form of non-dairy toppings is most frequently used across various sectors, and despite decreased demand from the foodservice industry, increased demand for convenience and RTE foods as well as increased health consciousness among consumers during the COVID-19 pandemic have created opportunities for growth.
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Segmentation of Non-Dairy Toppings Industry Research
- By Type :
- Whipped Cream
- Pouring Cream
- Spooning
- Others
- By Base Ingredient :
- Soy Milk
- Vegetable Oils
- Almond Milk
- Coconut Milk
- Others
- By Form :
- Liquid
- Powder
- Frozen
- By Application :
- Bakery
- Confectionery
- Processed Fruits
- Frozen Desserts
- Beverages
- Others
- By Distribution Channel :
- Direct Sales
- Indirect Sales
- Modern Stores
- Specialty Food Stores
- e-Commerce
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Takeaways from Non-Dairy Toppings Market Study
- The global non-dairy toppings market was hit hard by the COVID-19 pandemic, with growth going south bound at -7.1% in 2020. However, 2021 will see the return of normal growth at around 7.5%.
- Western Europe currently accounts for more than 25% in the non-dairy toppings market, but is expected to reflect steady decline in market share through 2031. Asia Pacific excluding Japan is expected to portray a higher growth rate of over 11% during the forecast period.
- The U.S. is set to hold over 15% of global market share.
- Germany holds a leading share of over 20% in Western Europe, while China and India are lucrative markets in APEJ.
- Based on base ingredient, demand for vegetable oil accounts for a higher share in the market, and is expected to display a healthy growth rate through the forecast period.
- In terms of product, whipped cream accounts for a higher share in the non-dairy toppings market, and is expected to portray strong growth during the forecast period.
- Demand for non-dairy toppings in bakery applications is expected to be the highest in comparison to other end uses, and is expected to double by 2031.
- More than 40% application of non-dairy toppings will be in bakery products.
- Modern stores to account for the most sales of non-dairy toppings across the world.
Key Companies Profiled
- Rich Products
- Puratos
- Hanan Products
- Dawn Foods
- Conagra Brands
- Pinnacle Foods
- Goodrich Foodtech
- Schlagfix
Competitive Landscape
Major producers of non-dairy toppings are focusing on new product introductions, as well as strategic mergers and acquisitions, to boost their market positions and diversify their product lines.
For illustration:
- Conagra Brands unveiled two new non-dairy Reddi-wip whipped topping flavors, including almond and coconut. These meals offer just 10 calories per serving and don’t include any artificial flavors or preservatives
Contact:
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