Dairy Blends Market Outlook 2031:
The dairy blends market size was valued at USD 3.10 Billion in 2022 and is projected to reach USD 5.49 Billion by 2031, expanding at a CAGR of 6.55% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing awareness of eating healthy, diary blends are considered to have less fats, their shelf life is much longer, and they can be imported at a much lower price compared to conventional dairy products.
Diary blends are fundamentally a mixture which is based on concentrated butter and cream. They are made from butter blends which are mixed with vegetable oils or butter fat which are free from saturated fat.
Diary blends are healthier alternatives to conventional dairy products such as whole milk due to their low-fat content. They can be mixed and blended with other ingredients such as vegetable oil, sugar, flavorings, and salts based on the taste and preferences of the consumers.
Diary blends add to the taste and enhancement of the ingredients they are mixed with. Diary blends can be stored and refrigerated for considerable amount of period in comparison to the traditional dairy products.
Restaurants and eateries across the world have adopted diary blends to prepare their food, they can be used to make juices, used alongside ingredients like cocoa powder, butter, and sugar.
Dairy Blends Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness among the consumers regarding the health benefits of diary blends is anticipated to drive the market growth in the coming years.
- Rising demand of the diary blends for topping, mixing, and flavoring for various ingredients such as bakery products, sugar, and vegetable oils is expected to boost the market expansion during the forecast period.
- Growing population of working women who have are adopting diary blends to cook baby food due to its high nutritional value is a major factor pushing the growth of diary blends market during the forecast period.
- Stringent government regulations and absence of standardized manufacturing procedures is expected to hamper the market growth.
- Increasing competition in the market due to lack of standardization present as major challenge that can impede the market expansion.
- Development of innovative diary blend products having different flavors is anticipated to create significant opportunities for the market players.
Scope of the Dairy Blends Market Report
The report on the diary blends market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Diary Blends Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Dairy Mixtures, Dairy/Non-Dairy Ingredients, Dairy as Functional Ingredient, Dairy as Carrier, and Others), Applications (Ice Cream, Yogurt, Infant Formula, Bakery, Beverage, and Others), Forms (Spreadable, Liquid, and Powder)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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All American Foods, Cargill, Inc., Royal Frieslandcampina N.V., Kerry Group, Chobani Inc., US Foods
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Dairy Blends Market Segment Insights
Dairy mixtures segment is projected to account for a large market share
Based on product types, the global diary blend market is segmented into dairy mixtures, dairy/non-dairy ingredients, dairy as functional ingredient, dairy as carrier, and others. The diary mixtures segment is expected to account for a key share of the market during the forecast period due to growing popularity in many developed regions and because it is used in making baby food products. Diary mixtures have lot of applications across the food industry which is expected to drive the demand in the coming years.
Ice cream segment is expected to expand at a significant pace
In terms of applications, the global diary blend market is segregated into ice cream, yogurt, infant formula, bakery, beverage, and others. Ice cream segment is expected to expand at a significant pace.
This is attributed to the increasing use of diary blends in manufacturing ice cream due to its cost effectiveness and growing demand for ice cream as a primary desert in many regions across the globe are projected to spur the market expansion at a steady CAGR. However, infant formula segment is anticipated to register a significant growth rate in the coming years owing to rising demand for baby food products across many regions worldwide.
Spreadable segment to exhibit high CAGR
Based on forms, the global diary bled market is divided into spreadable, liquid, and powder. Spreadable segment to exhibit high CAGR due to the growth of this product as it acts as a low-fat alternative to butter and margarine, this makes it healthy for consumption.
Spreadable are used with cocoa, vanilla, and various other flavors for taste preferences and are made up of vegetable oils which helps curbing down the risk of heart diseases, these factors are expected to propel the market growth during the forecast year.
Asia Pacific is anticipated to dominate the market
On the basis of regions, the global diary blends market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to dominate the market at a significant CAGR during the forecast period. The regional market growth can be attributed to growing demand in the developing countries such as China, India, and Malaysia.
The rising demand in the region is expected to be driven due to factors such as increased demand for baby food and infant formula, cheap alternative to traditional diary products, easy to store, and higher shelf life.
Segments
Types
- Dairy Mixtures
- Dairy/Non-Dairy Ingredients
- Dairy as Functional Ingredient
- Dairy as Carrier
- Others
Applications
- Ice Cream
- Yogurt
- Infant Formula
- Bakery
- Beverage
- Others
Forms
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global diary blends market include All American Foods, Cargill, Inc., Royal Frieslandcampina N.V., Kerry Group, Chobani Inc., Us Foods. The market is deemed to be highly competitive in nature, many key players are adopting various business strategies such as, as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.
For instance, in February 2017 US Foods completed the acquisition of All American Foods.
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