FOAMING CREAMER MARKET ANALYSIS

Foaming Creamer MarketSize and Trends

• Factors such as increasing urbanization, disposable income, changing lifestyles of people along with increasing number of retail stores are expected to drive demand for foaming creamers. Furthermore, increasing production and consumption of beverages, especially coffee, is expected to facilitate demand for foaming creamers. According to the United Nations Conference on Trade and Development’s report, published in 2018, the global coffee production was 149.1 million bags during 2014-16, and increased to 159.7 million bags during 2017-18.
• Furthermore, according to the International Coffee Organization’s statistics published in July 2019, global coffee export reached 10.9 million bags in 2019, increasing from 10.6 million bags in June 2018. Such factors are expected to drive growth of the foaming creamer market over the forecast period.
• Based on product, foaming creamer market is segregated into coconut and palm-based Coconut-based foaming creamers find application in hot beverages such as chocolate drinks, coffee, and tea, whereas, palm-based creamers are used in cold beverages and milk replacers.
• Based on applications, foaming creamers are used in coffee, chocolate drinks, tea, and milk. Furthermore, foaming creamers are widely used in hot drinks such as latte macchiato, cappuccino, and café latte. Rapidly increasing popularity of enhanced beverage taste and appearance offered by foaming creamer is anticipated to drive the demand for foaming creamer market over the forecast period.
• Growing awareness associated with the health benefits of consuming vegan products along with the availability of wide range of non-dairy alternatives is to act as major driver for the growth of non-dairy foaming creamer market in upcoming years.
• Increasing demand for coffee is driving growth of the foaming creamer market. According to the United Nations Conference on Trade and Development in April 2018, the global coffee production reached 158.9 million 60-kg bags during 2017-18, recording a growth of 1.0% compared to 2016-17.