As consumers turn toward veganism and plant-based goods, the non-dairy toppings market is expected to retain a strong growth rate over the assessment period, 2018-2028. Consumer knowledge of the health benefits of non-dairy toppings is steadily rising, which is helping to drive sales of non-dairy toppings around the world.
Non-dairy toppings, such as non-dairy whipping creams, non-dairy pouring creams, and non-dairy spooning creams, have grown in popularity among customers and manufacturers in recent years due to a number of advantages, including lower fat content, lower costs, and better stability. These tools are popular among bakers and caterers due to their ease of usage.
Key Segments of Non-Dairy Toppings Market
- Soy Milk
- Vegetable Oil
- Almond Milk
- Coconut Milk
- Processed Fruits
- Frozen Desserts
- Whipped Cream
- Pouring Cream
- Modern Stores
- Specialty Food Stores
Due to the presence of various regional competitors in the sector, the worldwide non-dairy toppings market is somewhat fragmented and competitive. To consolidate their market positions, major manufacturers are focusing on product releases to bolster their portfolios, as well as strategic collaborations and acquisitions.
Rich Products Corp., for example, announced the acquisition of a controlling interest in Rich Graviss Product Pvt. Ltd. in April 2020. The agreement is intended to help the corporation grow its foothold within India’s high-potential market.
Conagra Brands has introduced two new non-dairy Reddi-wip whipped toppings: almond and coconut. Each serving of these goods contains only 10 calories and is devoid of artificial flavours and preservatives.