The global dairy blends market is estimated to reach USD 3.53 billion by 2022 and expected to value about USD 4.1 billion by 2023, registering a CAGR of 7.9%. Dairy blends are the mixture of milk nutritive ingredients and other components from milk cracking. These products are used as a partial or complete substitution of liquid milk or milk powder. Moreover, their typical content offers specific technofunctional properties.
The Trend of Health Consciousness is Effecting the Consumption of Dairy Blends
Dairy blends contain various ingredients according to industrial needs, thus, making them versatile products and cater to a widerange of applications. The use of dairy blends in various industries is expected to increase, due to the rising prices of traditional dairy commodities. The yogurt and other milk product manufacturers are preferring dairy blends, due to their stable price range over the years and various nutritive ingredients infused in them. The healthconscious consumers expect their foods to be infused with nutrients, therefore, the use of dairy blends satisfies this expectation.
Market Segmentation
Dairy blends have high emulsifying properties, which help them mix with water and oil, thus increasing their usage in bakery and beverage industries. These properties and uses vary according to the ingredients infused with these blends, as different flavors of the blends can produce different flavors of yoghurt, cakes and icecreams.
Dairy blends have a widerange of applications in industries such as ice cream, yogurt, infant formula, bakery confectionaries, dairy products, readycooked dishes, sports health foods and beverages. The powdered dairy blends are the most preferred form, among all, as it has high applications in icecream and yoghurt industry, owing to its greater shelf life. A cross over in butter and margarine is resulting in new spreadable dairy blends.
Regional Analysis
Asiapacific is expected to witness the highest growth in dairy blends rate during the forecast period, due to the growing dairybased product preferences. Particularly, the Asian dairy market is showing interests in the dairy blends, as the Asian standard demand for milk fat is growing, at a continuous pace. In contrast to vegetable fats, milk fat is a natural product and offers a better taste, therefore, the production of dairy blends is satisfying the growing demand.
MAJOR PLAYERS: FONTERRA COOPERATIVE GROUP LIMITED, CARGILL, INC., KERRY GROUP, ROYAL FRIESLANDCAMPINA N.V., AGROPUR INGREDIENTS, DHLER GROUP, INTERMIX AUSTRALIA PTY LTD., ADVANCED FOOD PRODUCTS LLC, GALLOWAY COMPANY, INC., CAPE FOOD INGREDIENTS, ABBOTT NUTRITION, AGRIMARK INC., ALL AMERICAN FOODS INC. and BAKELS EDIBLE OILS, amongst others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter's five forces analysis.
Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and noneconomic aspects.
Countrylevel analysis, integrating the demand and supply forces that are influencing the growth of the market.
Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.