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Dairy Blends Market Size, Share, and Analysis, By Product Type (Dairy Mixture, Dairy or Non-Dairy Ingredients, Dairy as Functional Ingredient, Dairy as Carrier and Others), By Form (Spreadable, Powder and Liquid), By Application (Food, Beverages, Feed, Yogurt, Ice Cream, Butter and Cheese Spreadable Blends, Infant Formula and Others) and Regional Forecasts, 2022-2032
The Dairy Blends market size was USD 3.56 billion in 2021 and projected to grow from USD 4.0 billion in 2023 to USD 7.2 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period.
Dairy blends are the dairy mixtures made of butter blends which are mixed with vegetable oils, or from processed butter fat, which does not contain saturated fat. Dairy blends when mixed with other sources, increase the nutritional benefits and are good to consume. Dairy blend is mixed with few other ingredients for improving the flavors depending on the taste, demand and preference of the customers. These enhances the taste of the products and are used by fitness freaks, as the fat content they have is low when compared to other dairy products. The additional products used for enhancing flavors are sugar, salt etc.
Dairy Blends Market is expected to project a CAGR of 6.8% during the forecast period, 2022-2032
The Dairy Bends Market is expected to reach USD 7.2 billion at a CAGR of 6.8% during forecast period. Dairy blends are mostly used in ice cream, premix & infant formulas. An increasing birth rates resulted in rising demand for infant formula food and is expected to drive the growth of Dairy Blends market during the forecast period. Due to the urbanization, the working population in women is increasing & there might be an increase in growth of the market. Dairy blends are good option for baby food, as they reduce the cooking time of food and they contain essential nutrients for the healthy growth of the baby which is expected to fuel market growth
Powdered dairy blend segment holds the largest share in the market
Dairy Blends Market is classified based on the Form into Spreadable, Powder and Liquid. The powdered dairy blend segment accounted for major share of the overall revenue in the Dairy Blends Market. Powder forms also enhance sweetening and works as a stabilizer in foods like ice creams. The powder form is usually used in formulating infant & baby food products and in bread & cakes making. Powdered form is a dry form with easy storage, having a long shelf life. In the powders, all the nutritional values are intact as it undergoes spray drying and is similar like cow’s milk which is expected to boost the market growth.
Food segment holds the largest share in the market
Dairy Blends Market is classified based on the Application into Food, Beverages, Feed, Yogurt, Ice Cream, Butter and Cheese Spreadable Blends, Infant Formula and Others. Food products segment accounted for major share of the overall revenue in the Dairy Blends. The demand of the health-conscious food is increasing in the population which is expected to boost the market in forecast period. The manufacturers are focusing on customization of dairy blends according to the nutritional values and the demand for food products is increasing leading to the growth of market.
Increased Use in Food Industry is Expected to Boost the Growth of the Market
The use of dairy blends has been increased due to the use in hotels, fast food centers, restaurants, and other food shops as the cost of dairy products offered is less. Low-cost dairy blend products due to reduced cost is of a great advantage. Increase of street food centers utilizing butter and cheese blends for preparing most of the food items as the cost is low for availability of dairy blends in the market.
Rising Health Consciousness is Expected to Boost the Growth of the Market
Health conscious among people is increasing and the food products with nutritional benefits are being consumed by the people leading to the growth of the market. Dur to opting dairy blends with high health benefits the risk of several diseases is being reduced leading to the growth of the dairy blends market
Stringent Regulatory Norms May Hamper the Market Growth
The manufacturing of dairy blends needs end products to be compliant with the standards provided by the reputed organizations. These are very stringent standards which are applicable to dairy products which may restrain the dairy blends market during the forecast period.
In 2022, International Flavors & Fragrances Inc. along with Health & Biosciences expanded the product portfolio.
In 2021, Arla Foods Ingredients launched dry-blend protein product, Lacprodan premium ALPHA-10, useful for infant formula manufacturers.
Dairy Blends Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific dominated the largest share of market in 2021 owing to the demand for dairy blends in this region and due to the high birth rate, which increased the baby food demand. Dairy blends are easy to store, cheap & have a longer shelf life which led to the dairy blends market growth during the forecast period. Increasing dairy products consumption and in this region is expected to drive the market. Manufactures are focusing on underdeveloped countries to promote the sales.
Covid-19 has badly affected all the economies across the world. Many countries have imposed lockdowns, travel bans, and social distancing norms to control the negative effects of the coronavirus. Due to the disruptions in economic activities many industries and businesses suffered huge losses. But the food sector has no impact during the pandemic. People were looking towards better nutrient rich and efficiently food. The advanced technology benefited the industry to provide services through regenerative agriculture. Therefore, Covid-19 has not affected the demand of Dairy Blends Market.
Dairy Blends Market is further segmented by region into:
Dairy Blends Market Segments:
|
Report Attribute |
Details |
|
Market size value in 2021 |
USD 3.56 billion |
|
Revenue forecast in 2032 |
USD 7.2 billion |
|
Growth Rate |
CAGR of 6.8% from 2022 to 2032 |
|
Base year for estimation |
2021 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Product Type, Form, Application and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
Advanced Food Products LLC, Cape Food Ingredients, Dohler Group, Cargill, Inc, Agropur Ingredients, Galloway Company, Inc., Fonterra Co-Operative Group Limited, Kraft Heinz, Kerry Group, Abbott Nutrition, Johnson & Johnson and Other Prominent Players |
Dairy Blends Market size was estimated at 3.56 billion in 2021 and is expected to reach USD 7.2 billion in 2032.
Dairy blends are the dairy mixtures made of butter blends which are mixed with vegetable oils, or from processed butter fat, which does not contain saturated fat. Dairy blends when mixed with other sources, increase the nutritional benefits and are good to consume. Dairy blend is mixed with few other ingredients for improving the flavors depending on the taste, demand and preference of the customers.
Powdered dairy blend and Food segment accounted for the largest Dairy Blends market share.
Key players: Advanced Food Products LLC, Cape Food Ingredients, Dohler Group, Cargill, Inc, Agropur Ingredients, Galloway Company, Inc., Fonterra Co-Operative Group Limited, Kraft Heinz, Kerry Group, Abbott Nutrition, Johnson & Johnson and Other Prominent Players are the key players in the Dairy Blends Market.
Increased use in Food industry and Increased Health Consciousness are the factors driving the Dairy Blends market.
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