Market Size of United States Coffee Creamer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 27.00 Billion |
Market Size (2029) | USD 32.57 Billion |
CAGR (2024 - 2029) | 3.82 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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US Coffee Creamer Market Analysis
The United States Coffee Creamer Market size is estimated at USD 27 billion in 2024, and is expected to reach USD 32.57 billion by 2029, growing at a CAGR of 3.82% during the forecast period (2024-2029).
The World Health Organization declared COVID-19 a pandemic on March 11, 2020, causing a massive impact on people's lives, families, and communities. Owing to the factor mentioned above, governments have introduced multiple measures intended to slow down the spread of the virus. Some essential initiatives include social isolation directives, limitations on business opening hours, and travel restrictions. During the initial wave of business and community shutdowns, dairy additive products were in high demand online, with e-commerce prices and out-of-stock levels increasing as more shoppers shifted from brick-and-mortar retailers to online channels. One major issue is the disrupted supply chains, including those for coffee creamers, as during the lockdowns, countries closed their borders or raised trade barriers. As a result, manufacturers and exporters were facing high competition to export their goods. Air freight has been significantly reduced for commercial use, although many goods are usually shipped via this means of transport. Therefore, producers faced difficulties to honor their orders, and businesses slowed down.
Therefore, most coffee consumers are purchasing coffee creamers via online delivery channels. At-home consumption and e-commerce have kept the market alive. On the other hand, retail- and supermarket-level data suggest that panic buying and stockpiling led to increased consumer demand for a short period of time.
With increasing hectic schedules, there has been a constant growth in the coffee consumption across the United States, leading to increased demand for coffee creamers across the United States.
Millennials and Gen Z population have greater influences over the market being the major consumers of coffee in the country. The higher demand for more label and environmentally friendly products, matched by continuous innovation and launch of products by players in the market is one the major driver of the market.