Global Dairy Free Cream Liqueur Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Off-trade and On-trade), By Source (Almond, Oat, Coconut and Others), By Flavor, By Regional Outlook and Forecast, 2023 - 2029

Global Dairy Free Cream Liqueur Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Off-trade and On-trade), By Source (Almond, Oat, Coconut and Others), By Flavor, By Regional Outlook and Forecast, 2023 - 2029

The Global Dairy Free Cream Liqueur Market size is expected to reach $2.8 billion by 2029, rising at a market growth of 9.8% CAGR during the forecast period.

The dairy free cream liqueur is created entirely from vegan milk and other vegan ingredients. However, lactose-free cream liqueur uses a non-dairy milk source. The non-dairy milk used to make dairy free cream liqueur includes coconut, almond, and oat milk. People with dietary restrictions like veganism or medical issues like lactose intolerance are the main consumers of this beverage.

As the number of vegans worldwide rises, numerous active participants in the food and beverage sector are creating vegan versions of their offerings, including cream liqueurs. This has considerably aided the expansion of the dairy free cream liqueur business. Furthermore, the increased expenditure on leisure activities, such as visiting concerts and bars, festivals, pubs, and parties, has coincided with increased alcohol consumption, notably dairy free cream liqueurs. Additionally, customers are eager to taste new spirits & liqueurs, which sharply raises the demand for dairy free cream liqueurs and supports the expansion of the dairy free cream liqueur business.

Dairy free cream liqueurs are made with non-dairy milk, like almond, oat, and coconut milk, a suspension of solid components in water with a milk-like look and consistency. During the dairy free cream liqueur production process, spirits are added to the mixture, raising its acidity levels and hastening the separation of the solid suspensions from the dairy free milk. In the work search, there has been a noticeable increase in migration to cities, which has increased per capita & discretionary income. Cities are seeing an increase in fine dining and gastronomy popularity as more people seek out distinctive tastes and flavors.

A unique liqueur that will appeal to many individuals looking for novel drinks and cuisines is a dairy free cream liqueur. As the area develops, more individuals will move into the upper middle and wealthy classes and become more aware of the many spirits and liqueurs available, including dairy free cream liqueurs. The market for dairy free cream liqueurs will expand due to improved acceptance of these beverages due to increased knowledge and the rising number of vegans in developing nations.

COVID-19 Impact Analysis

The market for dairy free cream liqueurs was negatively impacted by the COVID-19 pandemic. In addition, the sale of liqueurs was severely harmed by the closing of pubs, clubs, restaurants, and other drinking places. Social gatherings, parties, and special occasions have long been associated with the alcoholic beverage industry and its products. However, during the COVID-19 pandemic, people's drinking patterns substantially changed, moving from bars & restaurants to their homes. The strict regulations frequently announced by governments to stop the spread of the virus have mostly been successful in keeping people at home.

Market Growth Factors

Growing focus over plant-based creamers for product innovations

Manufacturers of plant-based products spend a lot of money on R&D to better process and mimic dairy products. They also invest in high-tech equipment to maintain the market growth trajectory. Numerous oat milk businesses have introduced new items to resemble the qualities of dairy to appeal to cafes. Along with liquid cream alternatives, the plant-based sector has also introduced whipped toppings, powders, and even sour cream, which can be used in recipes instead of dairy-based products. In addition, coconut oil is used to produce the product to make it gluten- and dairy-free. These advancements in plant-based creamers have helped expand the dairy free cream liqueur market.

Increasing number of lactose intolerant people

The small intestine produces lactase, an enzyme usually deficient in people with lactose intolerance. Around the world, there are increasing numbers of individuals who are lactose intolerant. In addition, customers who are lactose intolerant worldwide are becoming more concerned about their health due to hypersensitivities or gastrointestinal problems brought on by lactose consumption. As a result, lactose-free beverage development has considerably increased. Additionally, a prominent factor that is projected to support the development and demand for lactose-free products is the rise in consumer health consciousness and wellness concerns, which is anticipated to lead to an expansion of the dairy free cream liqueur market throughout the forecast period.

Market Restraining Factors

Growing awareness regarding harmful effects of alcohol consumption

Alcohol consumption contributes significantly to the disease burden caused by unintentional or intentional injuries, such as road traffic accidents, violent incidents, and suicide. Due to the rising global concern for health impacts associated with alcohol consumption and the implementation of international frameworks, there has been a decrease in demand for alcohol-based beverages. As a result, consumers are now turning towards non-alcoholic alternatives. This is anticipated to impede market expansion throughout the forecast period.

Source Outlook

Based on source, the dairy free cream liqueur market is segmented into oat, coconut, almond and others. The coconut segment acquired a substantial revenue share in the dairy free cream liqueur market in 2022. One of the earliest types of dairy-free milk is coconut milk, which has a delicious coconut flavor. Due to its rich texture and various coconut-related health advantages, coconut milk is becoming increasingly popular for dairy-free cream liqueurs.

Flavor Outlook

By flavor, the dairy free cream liqueur market is categorized into chocolate, caramel, vanilla, strawberry, and others. In 2022, the chocolate segment dominated the dairy free cream liqueur market with the maximum revenue share. Due to the numerous psychotropic chemicals found in chocolate and molecules like tryptophan that help serotonin buildup and make people happy, chocolate is one of the most loved flavors in the world. The main driver of the market is consumer knowledge of the low sugar content of dark chocolate and the link between increased sugar consumption and chronic diseases like diabetes.

Distribution Channel Outlook

On the basis of distribution channel, the dairy free cream liqueur market is bifurcated into on trade, and off trade. The off-trade segment recorded a remarkable revenue share in the dairy free cream liqueur market in 2022. Large grocery chains and specialty businesses account for the majority of off-trade sales. Numerous liqueurs have seen increased sales through this market due to in-store marketing; membership offers, tastings for specific brands, and other tactics. In terms of the volume of liqueurs sold, the off-trade segment is essential to the market. Hypermarkets, supermarkets, and specialty shops are just a few places customers may buy dairy-free cream liqueurs.

Regional Outlook

Region wise, the dairy free cream liqueur market is analyzed across North America, Europe, Asia Pacific and LAMEA. The Europe region led the dairy free cream liqueur market with the maximum revenue share in 2022. Europe is among the major consumer of these beverage, with many consumers favoring traditional flavors, as cream liqueurs were created in Ireland. Oats are widely grown in Europe, so the production of dairy-free cream liqueurs with oat milk by numerous small competitors throughout the region boosts demand for the product and gives customers the assurance that the products used to make their dairy-free cream liqueurs were grown and processed locally.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bar Napkin Spirits, LLC, Bottega SPA, Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.), Diageo plc, Panther Milk, Tokaj Spirit Kft., WALDERS, Distell Group Limited, Zamora Company Holding and Dirty Cow Chocolate Ltd.

Scope of the Study

Market Segments covered in the Report:

By Distribution Channel

Off-trade
On-trade
By Source

Almond
Oat
Coconut
Others
By Flavor

Chocolate
Caramel
Vanilla
Strawberry
Others
By Geography

North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Egypt
South Africa
Nigeria
Rest of LAMEA
Companies Profiled

Bar Napkin Spirits, LLC
Bottega SPA
Buglisi Recobs Group Corp. (Misunderstood Whiskey Co.)
Diageo plc
Panther Milk
Tokaj Spirit Kft.
WALDERS
Distell Group Limited
Zamora Company Holding
Dirty Cow Chocolate Ltd
Unique Offerings from KBV Research

Exhaustive coverage
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free