The global dairy blends market size is expected to show a steady rise at 7.6% CAGR between 2019 and 2029. According to the report, the rising demand for infant formula and baby food will stoke growth in the market. The report offers a holistic overview of the market. It compiles information on key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Dairy blends are in high demand across diverse sectors, among which bakery segment has emerged as a key end user. Dairy blends, in form of both spreadable blends and powder, are often used in making cakes and breads. These blends are often used to make cake toppings of different flavours.
Dairy blends have emerged as an excellent substitutes to milk and butter, traditionally used as a key ingredient across bakeries. In the coming years, the demand for dairy blends is expected to surge as leading players focus on innovation. In addition to this, the need of catering to health conscious consumers will impel companies in bakery sector opt for dairy blends.
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It includes in-depth insights into the dairy blends market. Some of these are:
- The estimated value of the market was at US$ 1.8 Bn Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America emerged as a key market for dairy blends.
- APEJ and Europe will offer lucrative growth opportunities to dairy blends market.
- In terms of application, bakery segment is expected to hold dominance in the market.
- On the basis of form, the demand for powder dairy blends is expected to be considerably high.
Rising Demand for Healthier Alternatives to Traditional Dairy Products Creates Opportunity for Expansion
Consumers have become more concerned about their health and wellbeing than ever before. As a result, replacing traditional meal with food with higher nutritive value has become their top priority. This definitely gives impetus to dairy blends producers, since their products are often touted as healthier alternative to traditional dairy products such as whole milk. Dairy blends are believed to contain all the necessary dairy nutrient but are low in fat content. As a result their popularity is surging among consumers looking to reduce cholesterol and weight.
Who is Winning?
Some of the leading players operating in the dairy blends market are Fonterra Co-operative Group (Anchor), Abbott Nutrition, Cargill Inc., Advanced Food Products, All American Foods, Inc., Agri- Mark Inc., Hormel Specialty Products, Cape Food Ingredients, Friesland Campina N.V., Pacificblends Ltd., Doehler Group, Kerry Group, and Agropur Ingredients
Studies suggest that the global dairy blends market is gradually heading towards fragmentation. The rising awareness about the use of dairy blends and their cost effectiveness, are two primary factors making the market highly lucrative. Therefore, it is likely to witness the entry of several new players in the coming years.
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- Base year considered – 2019
- Actual estimates/Historical data – 2014 – 2018
- Forecast period – 2019-2029
- Segments covered – Application, Flavour, Form, Distribution Channel, Region
- Regions covered – North America, Europe, APEJ, Middle East and Africa and Latin America, Japan, Oceania
- Key Players – Abbott Nutrition, Cape Food Ingredients, Hormel Specialty Products, All American Foods, Cargill
- Growth Drivers –
- High product visibility of powdered blends in homemade ice creams
- High demand foreseen in countries such as China with high uptake in baby food
- Underdeveloped regions to witness spurring sales with high demand
- Healthier alternatives with low fat component to drive market growth
Get Valuable Insights into Dairy Blends Market
Future Market Insights, in its new report, presents an unbiased analysis of the global dairy blends market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of application, the market can be segmented into ice cream, infant formula, confectionery, bakery, beverages, butter and cheese blends and other. On the basis of flavour the market can bifurcated into regular and flavoured. Based on form, the market can be classified into spreadable, powder and liquid. In terms of distribution channel, B2B and B2C are key segments in the market. Regionally, the market can be classified as North America, Europe, Latin America, Asia Pacific excluding Japan, Japan, Oceania and the Middle East and Africa.