Dairy Blends Market Size, Share, Growth & Forecast 2031
Dairy Blends Market Size, Share, Growth & Forecast 2031
Segments - Dairy Blends Market is segmented by 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) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031.
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| Report ID :FB-648
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Report Description
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 |
Details |
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Report Title |
Diary Blends Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
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 |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
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 |
All American Foods, Cargill, Inc., Royal Frieslandcampina N.V., Kerry Group, Chobani Inc., US Foods |
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
- Spreadable
- Liquid
- Powder
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- All American Foods
- Cargill, Inc.
- Royal Frieslandcampina N.V.
- Kerry Group
- Chobani Inc.
- US Foods
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.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Dairy Blends Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dairy Blends Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dairy Blends Market - Supply Chain
4.5. Global Dairy Blends Market Forecast
4.5.1. Dairy Blends Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dairy Blends Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Dairy Blends Market Absolute $ Opportunity
5. Global Dairy Blends Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Dairy Blends Market Size and Volume Forecast by Types
5.3.1. Dairy Mixtures
5.3.2. Dairy/Non-Dairy Ingredients
5.3.3. Dairy as Functional Ingredient
5.3.4. Dairy as Carrier
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Dairy Blends Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Dairy Blends Market Size and Volume Forecast by Applications
6.3.1. Ice Cream
6.3.2. Yogurt
6.3.3. Infant Formula
6.3.4. Bakery
6.3.5. Beverage
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Dairy Blends Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Dairy Blends Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Dairy Blends Demand Share Forecast, 2019-2026
8. North America Dairy Blends Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Dairy Blends Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Dairy Blends Market Size and Volume Forecast by Types
8.4.1. Dairy Mixtures
8.4.2. Dairy/Non-Dairy Ingredients
8.4.3. Dairy as Functional Ingredient
8.4.4. Dairy as Carrier
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Dairy Blends Market Size and Volume Forecast by Applications
8.7.1. Ice Cream
8.7.2. Yogurt
8.7.3. Infant Formula
8.7.4. Bakery
8.7.5. Beverage
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Dairy Blends Demand Share Forecast, 2019-2026
9. Latin America Dairy Blends Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Dairy Blends Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Dairy Blends Market Size and Volume Forecast by Types
9.4.1. Dairy Mixtures
9.4.2. Dairy/Non-Dairy Ingredients
9.4.3. Dairy as Functional Ingredient
9.4.4. Dairy as Carrier
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Dairy Blends Market Size and Volume Forecast by Applications
9.7.1. Ice Cream
9.7.2. Yogurt
9.7.3. Infant Formula
9.7.4. Bakery
9.7.5. Beverage
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Dairy Blends Demand Share Forecast, 2019-2026
10. Europe Dairy Blends Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Dairy Blends Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Dairy Blends Market Size and Volume Forecast by Types
10.4.1. Dairy Mixtures
10.4.2. Dairy/Non-Dairy Ingredients
10.4.3. Dairy as Functional Ingredient
10.4.4. Dairy as Carrier
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Dairy Blends Market Size and Volume Forecast by Applications
10.7.1. Ice Cream
10.7.2. Yogurt
10.7.3. Infant Formula
10.7.4. Bakery
10.7.5. Beverage
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Dairy Blends Demand Share Forecast, 2019-2026
11. Asia Pacific Dairy Blends Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Dairy Blends Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Dairy Blends Market Size and Volume Forecast by Types
11.4.1. Dairy Mixtures
11.4.2. Dairy/Non-Dairy Ingredients
11.4.3. Dairy as Functional Ingredient
11.4.4. Dairy as Carrier
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Dairy Blends Market Size and Volume Forecast by Applications
11.7.1. Ice Cream
11.7.2. Yogurt
11.7.3. Infant Formula
11.7.4. Bakery
11.7.5. Beverage
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Dairy Blends Demand Share Forecast, 2019-2026
12. Middle East & Africa Dairy Blends Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Dairy Blends Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Dairy Blends Market Size and Volume Forecast by Types
12.4.1. Dairy Mixtures
12.4.2. Dairy/Non-Dairy Ingredients
12.4.3. Dairy as Functional Ingredient
12.4.4. Dairy as Carrier
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Dairy Blends Market Size and Volume Forecast by Applications
12.7.1. Ice Cream
12.7.2. Yogurt
12.7.3. Infant Formula
12.7.4. Bakery
12.7.5. Beverage
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Dairy Blends Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Dairy Blends Market: Market Share Analysis
13.2. Dairy Blends Distributors and Customers
13.3. Dairy Blends Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. All American Foods
13.4.2. Cargill, Inc.
13.4.3. Royal Frieslandcampina N.V.
13.4.4. Kerry Group
13.4.5. Chobani Inc.
13.4.6. US Foods
Methodology
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