Significant Growth Foreseen By Non Dairy Toppings Market During 2031

The non-dairy toppings market is likely to maintain a robust growth rate throughout the period of assessment, 2018-2028, as consumers shift toward veganism and plant-based products. Steadily increasing consumer awareness regarding health benefits of dairy alternatives continues to remain instrumental in driving sales of non-dairy toppings worldwide.Non-dairy toppings Market is expected to grow at a CAGR of 7.0% in terms of volume throughout the period of forecast. Global sales of non-dairy toppings are likely to increase by 34,000 tons in 2028 over 2018.

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Sales of non-dairy toppings are likely to witness a significant upswing during the period of forecast on the back of growing lactose intolerant consumers worldwide. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), more than 65 percent of the global population is facing lactose intolerance, with over 36 percent present in the United States alone. Unable to digest milk products, the demand for non-dairy toppings among lactose intolerant people is likely to increase, in turn contributing to the overall growth of the non-dairy toppings market, says the report.

European countries reflected dominance in the overall non-dairy toppings market, however with a relatively slow growth rate than Asia Pacific excluding Japan (APEJ). Non-dairy toppings market is now witnessing a significant upsurge across emerging economies in the Asia Pacific excluding Japan (APEJ) region, says the report. Sales of non-dairy toppings across countries such as China and India are expected to increase at a stellar pace throughout the period of forecast.

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Sales volume of non-dairy toppings via indirect channels are likely to account for over 70% share of the overall non-dairy toppings market by 2028. Modern trade continues to be the most lucrative indirect distribution channel for non-dairy toppings globally. Hypermarkets and supermarkets, as a part of modern trade, are expanding their non-dairy toppings product range, in turn increasing visibility of various non-dairy toppings brands. In addition, rising number of supermarkets worldwide are likely to complement non-dairy toppings sales. Sales of non-dairy toppings through E-commerce channel are also expected to witness a steady increasing throughout the period of forecast.

Key Segments of Non-Dairy Toppings Market

Base Ingredient

• Soy Milk
• Vegetable Oil
• Almond Milk
• Coconut Milk
• Others

Form

• Liquid
• Powder
• Frozen

Application

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

Type

• Whipped Cream
• Pouring Cream
• Spooning
• Others

Distribution Channel

• Direct
• Indirect
  • Modern Stores
  • Specialty Food Stores
  • E-Commerce
  • Others

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Region

• North America (U.S. & Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
• Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
• Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
• Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
• Japan
• Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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