Dairy Blends Market Report Analysis, Region & Country Revenue Share, & Forecast Till 2030
Market
Analysis
Market
Research Future (MRFR) assessed the global dairy blends market 2022 through the
review period by 2030. By 2023, the worldwide diary blends market can surge at
about 6.55% CAGR. The dairy blends market can value at USD 4.833 Billion by 2030 from USD 2,599 Mn in 2017.
The easy
availability of raw materials for the production of substantial amount of dairy
blends due to its growing demand can support the Dairy Blends Market Research report rise. The affordability of
blending cream and butter, along with other non-dairy ingredients, such as;
almonds, cocoa, and vegetable oil among others can favor expansion of the
market in the near future. Dairy blend products that are fortified with
protein, essential minerals, and vitamins are observed to gain popularity over
the study period. They are observed to secure their place in market as
inexpensive alternative to dairy products and their applications are noted to
rise across various industries. The increase in sales of chocolate and
confectionery, frozen dessert, food and beverages, and the production of infant
formula are also boosting the demand for dairy blends. These causes are expected to support upsurge
of the worldwide diary blends market across the analysis period.
Segment
Analysis
The segment
analysis of the diary blends market are based type, form, and application.
The product type-based
segments of the diary blends market are dairy mixture, dairy or non-dairy
ingredients, dairy as a carrier, and dairy as a functional ingredient among
others. The dairy/ non-dairy ingredients segment can dominate the market. The dairy/
non-dairy ingredients segment can surge at 6.90% CAGR in the APAC region across
the review period.
The form-based
segments of the diary blends market are spreadable, liquid, and powder. The spreadable
segment can hold decent share of worldwide market and can rise at 48.43%. The Dairy
Blends Market Research report can rise at about 7.01% CAGR.
The application-based
segments of the diary blends market are ice cream & frozen dessert, bakery
& confectionery, baby food, infant nutrition, beverages, sweet & savory
snacks, meat & seafood, and dietary supplements among others. The ice cream
& frozen desserts segment can earn market share of above 27.89% in the near
future. The bakery & confectionery segment can surge at fastest pace along
the forecast period.
Regional
Analysis
APAC
Dairy Blends Market can dominate the world market with about 34.41% share.
The regional market can earn above USD 1,395 Mn by 2023. In India, the market
can surge with the highest rate, following Japan in the review period. In North
America, the dairy blends market can exhibit substantial expansion rate. In
Europe, the market rise can be credited to the increase in demand for dairy
blends. Canada is anticipated to rise at the highest pace, then Mexico across
the analysis period. Health benefits that are associated with dairy blends
products are gaining cognizance that is observed to create growth scope for the
market. This can support rise of the market in the near future. Moreover,
increase in prices of dairy products and shift in consumer preference towards
dairy alternatives can boost surge of the market. The rise in sales of dairy
blends across emerging economies can favor dairy blends market.
Competitive
Analysis
Fonterra
Co-operative (New Zealand), Cape Food Ingredients (South Africa),Galloway
Company (U.S.), AK Foodservice (U.S.), Royal Frieslandcampina N.V. (The
Netherlands), Kerry Group PLC(Ireland), Cargill Inc. (U.S.), Dohler GmbH
(Germany), Agropur Cooperative (Canada), and AFP advanced food products llc
(U.S.) are some key companies in the global dairy blends market that are recognized
by MRFR.
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