Rockville, MD -- (SBWire) -- 05/15/2018 --The global market discussion on non-dairy toppings can be found in an upcoming report titled "Non-dairy Toppings Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028", which is going to be published in the wide database of Fact.MR.
Increasing adoption of veganism in developed regions has resulted in rapid growth for the non-dairy products market in last few years. With key process food manufacturers revamping production facilities to adopt vegan recipes into their offering the non-dairy toppings market is expected to witness a rise in demand over the forecast period. The non-dairy topping are derived from the dairy alternative sources such as soy milk, almond milk, coconut milk and also sapping of other ingredients like plant-based fats and extracts to replace dairy-based ingredients in the dairy topping. The non-dairy topping market is expected to penetrate into new geographies creating a lucrative opportunity for the manufacturers participating in non-dairy topping based products. North America to stand as the major consuming region for the non-dairy topping market owing to its comparatively large population following the strict vegan diet. Ethical eating habit and anti-animal cruelty sentiments among millennial has also boosted the demand.
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Non-dairy Topping Market: Reasons for Covering this Title
Over the past few years, tailored product offerings has experienced healthy growth rates in terms of both value and volume. Ingredient offerings from key global players indicate there is more traction from tailored food product manufacturers targeting niche segments helping diversifying product portfolio and fragmentize the market further. Non-dairy topping market is expected to gain a lot of traction over the forecast period as it complies with the abovementioned trend. Non-dairy topping targets consumer base opting for vegan options of general dairy products. The manufacturers in the non-dairy topping market have the flexibility to operate in both business-to-business segment and business to consumer segment which is expected to help the manufacturers maintain a market presence over competitive geographies. Non-dairy topping market players to also get benefited by the new innovative ingredient solutions to not only replace dairy from the final product but also to maintain its texture and flavors.
Global Non-dairy Topping Market: Key Players
Some of the key players operating in the global Non-dairy Topping market are Goodrich Carbohydrates, Hanan Products Co. Inc., Rich Products Co., PURATOS, FrieslandCampina DMV, Conagra Brands, So Delicious,
Key Product Launches in Non-dairy Topping Market
The key product launches that have been observed over the non-dairy topping market over the recent years have seen launches targeting ethical buyers and vegan populations:
- In 2017, the Conagra Brand Company launched non-dairy topping which is a whipped cream topping for consumers through its famous Reddi-Wip brand of topping. This whipped cream lacks any protein processed out from milk according to the company claims.
- In 2017, So Delicious Company launched coconut-based non-dairy topping CocoWhip for consumer end use. The non-dairy topping is offered in tub packaging and is available in standard size of 9 oz.
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Opportunities for Market Participants in Non-dairy Topping Market
Manufacturers participating in non-dairy topping market to witness strong revenue generation over the forecast period as the products are expected to penetrate into newer geographies. According to a nonprofit research organization for animals, Faunalytics the vegan population of U.S is 1.62 Mn in 2017. This is attributed to the increasing demand for non-dairy topping demand in the region. With increasing adoption of a vegan lifestyle in the region and also in Europe and the Asia Pacific with heavy celebrity endorsement and good press, the non-dairy topping market is expected to experience high CAGR in terms of value and volume over the forecast period. Non-dairy topping to improve its sensory quality over the time and is expected to get adopted by major food processors into their key products to maintain the vegan trend which in turn is anticipated to fuel demand for non-dairy topping over the forecast period.
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Global Non-Dairy Toppings Market Analysis, Growth Drivers and Opportunities