Dairy Free Cream Liqueur Market By Source (Almond, Oat, Coconut, Others), By Flavor (Chocolate, Caramel, Vanilla, Strawberry, Others), By Distribution Channel (On Trade, Off Trade): Global Opportunity Analysis and Industry Forecast, 2021-2031
The dairy-free cream liqueur market was valued at $1,543.0 million in 2021, and is estimated to reach $4,202.3 million by 2031, registering a CAGR of 10.8% from 2022 to 2031. In 2021, dairy-free cream liqueurs made with almond milk occupied the largest market share due to the neutral flavor as well as the creamy texture of the milk. Dairy-free cream liqueur is a type of cream liqueur made from nondairy milk such as almond milk, oat milk, and coconut milk. People with medical conditions such as lactose intolerance or dietary preferences such as veganism are the major consumers of these beverages.
The hospitality industry is rapidly expanding and will continue this trend, especially in the post-covid scenario. Many of these commercial establishments sell spirits and alcoholic beverages as well as food pairings to complement the flavor of the liqueur. Dairy-free cream liqueur is a sweeter liqueur that pairs well with cheese, cakes, and sorbets. In addition, it is used to make a variety of cocktails and desserts. As dairy-free cream liqueur is not widely available, many bars and restaurants are stocking it as a one-of-a-kind offering to their customers. Increase in the number of such commercial establishments is fueling the growth of the dairy-free cream liqueur market.
Consumers worldwide are increasing their spending on recreational activities such as going to bars, pubs, and parties as well as attending various music events and festivals. The consumption of alcohol during such recreational activities is significant, and many such events and establishments offer a variety of offerings to their customers, including dairy-free cream liqueurs. As the global vegan population grows, many engaged stakeholders in the food & beverage industry are developing vegan versions of their products, including cream liqueurs. Many manufacturers are developing vegan cream liqueurs, which is increasing the demand for such liqueurs, thus assisting the market to grow significantly.
Cream liqueurs are created by blending milk, cream, flavoring agents, and spirits. Consumers are seeking vegan cream liqueurs, as the trend of veganism is increasing significantly. Making cream liqueurs at home, on the other hand, is not difficult, and there are numerous recipes available on the internet that provide detailed instructions for making vegan cream liqueurs at home. Consumers are now increasing their consumption of homemade dairy-free cream liqueurs due to the assurance of product quality and the slightly lower costs associated with making such products at home. This increase in household production of dairy-free cream liqueur has a negative impact on the market.
Demand for dairy-free cream liqueurs is increasing significantly around the world, particularly in developing countries. Many new players are entering the dairy-free cream liqueurs market in both developed and developing countries to provide their consumers with a diverse range of dairy-free cream liqueurs. In developing countries, a greater number of local players are expected to emerge to provide consumers with local options for dairy-free cream liqueurs that are less expensive than imported liqueurs. Thus, increase in number of players in the dairy-free cream liqueur market is expected to provide consumers with more options, which promotes the market growth significantly.
The global dairy-free cream liqueur market is segmented into source, flavor, distribution channel, and region. By source, the market is classified into almond, oat, coconut, and others. Depending on flavor, it is categorized into chocolate, caramel, vanilla, strawberry, and others. According to distribution channel, it is bifurcated into on trade and off trade. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, and rest of LAMEA).
Some of the major players analyzed in this report are Arctic Blue Beverages, Bar Napkin Spirits, LLC, Bottega SPA, Buglisi Recobs Group Inc., Diageo plc, Dirty Cow Chocolate Ltd., Distell Group Limited, Global Brands Limited, Hingston & Co. Limited, Panther Milk, The Reformed Spirits Company Holdings, Tokaj Spirit, Walders, and Zamora Company.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dairy free cream liqueur market analysis from 2021 to 2031 to identify the prevailing dairy free cream liqueur market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the dairy free cream liqueur market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global dairy free cream liqueur market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy SourceOat
Coconut
Others
Almond
By FlavorChocolate
Caramel
Vanilla
Strawberry
Others
By Distribution ChannelOn Trade
Off Trade
Sub Type
Supermarkets and Hypermarkets
Specialty Stores
Convenience Stores
Online Channels
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
Key Market Players
Bottega SPA
Walders
Tokaj Spirit
Panther Milk
Zamora Company
Buglisi Recobs Group Inc
Bar Napkin Spirits, LLC
Diageo plc.
Distell Group Limited
Dirty Cow Chocolate
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