Non-Dairy Creamer Fats Market: Outlook
Non-dairy creamer fats are the primary ingredients in the non-dairy creamers derived from hydrogenated vegetable oils. Manufacturers in the non-dairy creamer fats industry are using premium-grade fat replacers made using hydrogenated vegetable oils for non-dairy creamer applications. The availability of a wide range of fats with varying melting points provides an array of fat replacers as per the desired application. Hydrogenated vegetable oil is majorly utilized in the food processing industry, followed by the cosmetic & personal care industry and the pharmaceutical industry. In the food industry, hydrogenated vegetable oils are used widely for baking, pan-frying and deep-frying in processed foods, dairy and chocolate products. In the dairy sector, non-dairy creamer fats are used as substitute fats in coffee whiteners and skim milk powders.
Globally, the market for non-dairy creamer fats is likely to be driven by the growing vegan population and the rising prevalence of lactose intolerance & milk allergies worldwide. Today, almost 70% of the world population is lactose intolerant and thus, the demand for plant-based fat ingredients is expected to increase during the forecasted period.
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Non-Dairy Creamer Fats Gaining Traction alongside Demand for Natural Food Products
Non-dairy creamer fats serve as the major ingredient in non-dairy creamers and the degree of hydrogenation alters some of the physical properties of these creamers, which define the overall taste & nutrient profile. The market for non-dairy creamers witnesses high demand from the HoReCa sector (Hotels, Restaurants, and Cafés) and residential end-use. The rising demand for non-dairy creamers has surged the demand for non-dairy creamer fats among manufacturers globally. Hydrogenated vegetable oils/fats or over here, non-dairy creamer fats are derived from varied plant-based sources and provide an edge over animal-based sources of fats for the vegan and lactose intolerant population worldwide.
Global Non-Dairy Creamer Fats Market: Segmentation
On the basis of the form, the global non-dairy creamer fats market has been segmented as:
· Solid
· Semi-solid/ syrup
On the basis of the degree of hydrogenation, the global non-dairy creamer fats market has been segmented as:
· Fully hydrogenated vegetable oils
· Partially hydrogenated vegetable oils
On the basis of the product type, the global non-dairy creamer fats market has been segmented as:
· Soybean Oil
· Lauric Oil
· Palm Oil
· Others
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Global Non-Dairy Creamer Fats Market: Market Participants
Some of the market participants in the global non-dairy creamer fats market identified across the value chain include Cargill Incorporated, Centra Foods, Parchem fine & specialty chemicals, Wilmar International Ltd., Archer Daniels Midland Company, Henry Lamotte Oils GmbH, Evonik Dr. Straetmans GmbH, Andritz Group and Interra International, among others.
Robust research & development activities and participation in events are among the core strategies of manufacturers and are expected to influence the demand for non-dairy creamer fats from end-use industries.
Non-Dairy Creamer Fats Market: Market Player Activities
· Interra International, a U.S.-based manufacturer, continuously focuses on participating in global-level events and exhibitions such as SIAL Paris, Gulfood, Anuga and many others, in order to expand its presence by strengthening its social network during the course of the event and displaying the product range to create awareness about its products. The company, at these events, exhibits its non-dairy creamer fats, i.e. the hydrogenated vegetable oils with various degrees of hydrogenation for varied applications
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Opportunities for Market Participants
The non-dairy creamer fats market is anticipated to be positively influenced by the manufacturers who are continuously expanding their global reach and footprint and targeting potential markets with end-user industries. Manufacturers in the non-dairy creamer fats market have an opportunity to form tie-ups and thereby enhance their business-to-business activities within the food processing industry where the potential customers are present.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
· North America
· Asia Pacific
· Europe
· Latin America
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