The demand for non-dairy creamer is expected to reach USD 181.7 million in 2023 in Korea, up from USD 169.9 million in 2022. The consumption of non-dairy creamer is expected to progress at a healthy pace over the period from 2023 to 2033, with a CAGR of 8.1%. By 2033, the sales of non-dairy creamer are expected to surpass USD 396.93 million in Korea.
Attributes | Details |
---|---|
Industry Size for Korea in 2023 | USD 181.7 million |
Expected Industry Size for Korea in 2033 | USD 396.93 million |
Forecasted CAGR between 2023 to 2033 | 8.1% |
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In Korea, people typically prefer to consume non-dairy creamer in powder form. For 2023, powder is expected to contribute to 58.0% of the industry share by form.
Powder has been the predominant form through which non-dairy creamer has been consumed. Non-dairy powder creamer is expected to continue experiencing high demand due to the non-fussy nature of the product. Additionally, powder has a longer shelf life than non-dairy creamer in liquid form. Thus, the popularity of powder among non-dairy creamer consumers persists.
Demand for Non-dairy Creamer in Korea Based on Form | Powder |
---|---|
Industry Share in 2023 | 58.0% |
Vegetable oil continues to dominate as the prevalent base for non-dairy creamer in Korea. In 2023, vegetable oil is expected to account for 55.9% of the industry share by base.
The use of vegetable oil as a base has faced criticism from customers due to its trans-fat content. However, alternative plant-based bases are expensive to manufacture. Thus, the prevailing method of producing non-dairy creamer with vegetable oil still persists in Korea.
Demand for Non-dairy Creamer in Korea Based on Base | Vegetable Oil |
---|---|
Industry Share in 2023 | 55.9% |
Local companies with creamers have added the non-dairy version to expand business prospects. Industry players are banking on the rising coffee culture in the country to sell non-dairy coffee creamers.
Competitors are also emphasizing the non-lactose and vegan properties of the product. Foreign companies have started making headway in the country. Thus, the landscape for non-dairy creamer in Korea is highly competitive.
Recent Developments Observed in Non-dairy Creamer in Korea
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 181.7 million |
Projected Industry Size by 2033 | USD 396.93 million |
Anticipated CAGR between 2023 to 2033 | 8.1% CAGR |
Historical Analysis of Demand for Non-dairy Creamer in Korea | 2018 to 2022 |
Demand Forecast for Non-dairy Creamer in Korea | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Non-dairy Creamer in Korea, Insights on Global Players and Leading Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers |
Key Companies Profiled | Hee Chang Dairy And Food Industries; Express 21 Korea Inc.; J Consol Line Co., Ltd.; Kyungseo F&B Co., Ltd.; Euro Line Co., Ltd.; Dongsuh Foods; Alpha Foods; Samyang Foods; Nestlé S.A.; Friesland Campina Kievit BV |
Key Provinces Profiled |
South Gyeongsang, North Jeolla, South Jeolla, Jeju |
The industry size of non-dairy creamer in Korea is estimated to be USD 181.7 million in 2023.
Non-dairy creamer is forecasted to develop at a promising rate of 8.1% in Korea for the 2023 to 2033 period.
The industry size for non-dairy creamer is forecasted to reach USD 396.93 million in Korea by 2033.
Vegetable oil is the preferred base for non-dairy creamer in Korea, with an expected industry share of 55.9% in 2023.
Surging vegan population and the demand for lactose-free food are some of the reasons for growth in demand for non-dairy creamer in Korea.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 4.1. Y-o-Y Growth Trend Analysis 4.2. Absolute $ Opportunity Analysis 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Powder 5.2. Liquid 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 6.1. Organic 6.2. Conventional 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Flavor 7.1. Original/Unflavoured 7.2. French Vanilla 7.3. Chocolate 7.4. Coconut 7.5. Hazelnut 7.6. Other Flavors 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Type 8.1. Original 8.2. Light 8.3. Fat-free 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Base 9.1. Plant-based Milk 9.1.1. Almond 9.1.2. Coconut 9.1.3. Others 9.2. Vegetable Oil 10. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use 10.1. HoReCa/Foodservice 10.2. Food and Beverage Processing 10.2.1. Food Premixes 10.2.2. Soups and Sauces 10.2.3. Coffee Mixes 10.2.4. Tea Mixes 10.2.5. Bakery Products and Ice Creams 10.2.6. RTD Beverages 10.2.7. Infant Food 10.2.8. Prepared and Packaged Food 10.2.9. Household/Retail 11. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Packaging 11.1. Retail 11.1.1. Sachets 11.1.2. Bags 11.1.3. Pouches 11.1.4. Canisters 11.1.5. Bottles 11.2. Plastic Jars 11.3. Bulk 12. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. South Gyeongsang 12.2. North Jeolla 12.3. South Jeolla 12.4. Jeju 12.5. Rest of Korea 13. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 17. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Hee Chang Dairy & Food Co., Ltd 19.2. Dong Suh Co., Ltd 19.3. Alpha Food 19.4. Viceroy Holland B.V. 19.5. Super Group Ltd. 19.6. Shandong Tianjiao Biotech Co. Ltd. 19.7. Preserved Food Specialty Co. Ltd. 19.8. Rich Products Corporation 19.9. PT Santos Premium Krimer 19.10. Custom Food Group 19.11. Danone S.A. 19.12. Friesland Campina Kievit BV 20. Assumptions & Acronyms Used 21. Research Methodology
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