Non-Dairy Toppings Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Rich Products, Puratos, Hanan Products, Conagra Brands (NYSE: CAG), Goodrich Foodtech

Registering a CAGR of 7.2% over the forecast period, the market value of Non-Dairy Toppings is expected to reach US$ 14 billion in the year 2027.

Non-Dairy Toppings Market Overview

Non-dairy toppings are dairy-free products that are used as substitutes for dairy-based toppings and have applications similar to their dairy-based counterparts. Base ingredients in these toppings include vegetable oil, soy milk, hemp milk, almond milk, rice milk, and others. These come in a variety of forms, including powder, liquid, and frozen.

Animal-based products are becoming less popular as the number of vegans worldwide continues to rise. Higher levels of nutrition, health, environment, and animal cruelty awareness, particularly among the massive millennial demographic, are driving demand for non-dairy toppings.

The increasing use of non-dairy toppings in the bakery sector, as well as the rise in lactose intolerance among people worldwide, are the major factors driving the non-dairy toppings market. The growing collaborations among prominent players, as well as strategic product launches such as flavor innovations, are propelling the non-dairy toppings market forward.

The report aspects discussed the profile of the top manufacturers of the global Non-Dairy Toppings market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Non-Dairy Toppings Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Non-Dairy Toppings Market?

The global Non-Dairy Toppings includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Rich Products, Puratos, Hanan Products, Dawn Food Products, Conagra Brands (NYSE: CAG), FrieslandCampina Kievit, So Delicious, Pinnacle Foods, Schlagfix, Goodrich Foodtech and others.

Industry News and Updates:

• To meet rising consumer demand for plant-based foods, Reddi-wip introduces non-dairy almond and coconut varieties.

June 18, 2018 — Reddi-wip, a Conagra Brands, Inc. (NYSE: CAG) brand and the category leader in whipped topping, has introduced two plant-based, non-dairy varieties: Reddi-wip Non-Dairy Coconut and Reddi-wip Non-Dairy Almond. The innovation addresses the growing consumer demand for non-dairy options in the dairy category as a whole.

• Rich’s Acquires Rich Graviss Products

APRIL 10, 2020-- Rich Products Corp. announced the purchase of a stake in Rich Graviss Product Pvt. Ltd. The transaction is expected to help the company expand its footprint into India's high-potential market.

What are the major Applications, Types, and Regions for the Non-Dairy Toppings Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Soy Milk


• Vegetable Oil


• Almond Milk


• Coconut Milk


• Others

By Application, it is segmented into

• Bakery


• Confectionery


• Processed Fruits


• Frozen Desserts


• Beverage


• Others

Non-Dairy Toppings Market Regional Analysis

Europe dominates the non-dairy toppings market due to rising vegetarianism, rising demand for vegan products, the presence of chocolate and confectionery foods in daily diets, and rising demand for non-milk foods products due to the region's high consumption of confectionary items. Because of the presence of key players and the rise in popularity of vegan branded products among dairy product consumers, Asia-Pacific is expected to experience significant growth during the forecast period of 2022-2027.

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  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Non-Dairy Toppings Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Non-Dairy Toppings Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Non-Dairy Toppings Market report scope?

Scope of the Report covers Non-Dairy Toppings Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Non-Dairy Toppings Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Non-Dairy Toppings Report

• Evaluate Non-Dairy Toppings market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Non-Dairy Toppings market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Non-Dairy Toppings Market is studied from 2017 - 2027.

What is the growth rate of the Non-Dairy Toppings Market?

The Non-Dairy Toppings Market is growing at a CAGR of 7.2% over the next 5 years.

Who are the key players in Non-Dairy Toppings Market?

Rich Products, Puratos, Hanan Products, Dawn Food Products, Conagra Brands, FrieslandCampina Kievit, So Delicious, Pinnacle Foods, Schlagfix, Goodrich Foodtech

What regions does this Non-Dairy Toppings Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Non-Dairy Toppings Market?

Soy Milk, Vegetable Oil, Almond Milk, Coconut Milk, Others

What are the major end-use applications of Non-Dairy Toppings Market?

Bakery, Confectionery, Processed Fruits, Frozen Desserts, Beverage, Others

 

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