According to Reports and Data the global dairy blends market was valued at USD 3,510.7 Million in 2020 and is projected to grow at a CAGR of 8.0 % from 2020 to reach USD 6,209.6 Million by the year 2028. Consumption of dairy has become an important part of the daily routine in the market. Consumers have become more specific about the ingredients they are consuming on daily basis, fat-less food are in trend from pass few years which rises the demand of dairy blends in the market. Infant formula is one of the classic dairy blends, and has a large consumption volume throughout the world. Ingredient composition between different infant formulas will change depending on a range of factors. Blends present an opportunity to introduce milk solids or milk solids replacers in a cost-effective manner when costs are high or competitive pressure leads to the need for strategies at the bottom end of the market. Filled milk products are a traditional way of doing this; filled whey products and whey alternatives are more recent innovations introduced in the market.
The practical role of dairy ingredients means that they are progressively being assumed as additives in a rapidly growing food additives market. Many of these additives are readily introduced as blends and to blend). Building on the popularity of food service, along with consumer interest in new flavors, a large number of products (pizzas, sauces, pasta dishes, soups, breadsticks, savory biscuits, savory snacks, etc.) are using cheese combinations to develop new and exciting flavor combinations.
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Top Profiled Companies in the Global Dairy Blends Market Report:
Ltd. (New Zealand), Doehler Group (Germany), Agropur ingredients (Canada), Royal FrieslandCampina N.V. (Netherlands), and Kerry Group (Ireland).
Further key findings from the report suggest
· Powdered form accounted for more than 45% share of the overall revenue in 2020. It is broadly used in making infant formulation. It also works as a sugar substitute, emulsifier and stabilizer in ice creams. Furthermore, it is easy to store and has a longer shelf life owing to its dry form.
· Infant formula is predictable to witness the growth with a CAGR of 8.8% from 2020 to 2028. Surge in the number of working females in the corporate world has led to an increase in consumption of infant formulae as they decrease the preparation time required to cook baby food.
· The Asia Pacific is experiencing rapid growth in dairy blends market over the forecast timeline with a CAGR of about 8.5%. Majority of the demand for dairy blends was driven by China due to high birth rate, which augmented the demand for infant formula. Moreover, foremost global providers of dairy products are situated in Australia and New Zealand.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Based on Type, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- Dairy Mixtures
- Dairy/Non-dairy ingredients
- Dairy as functional ingredient
- Dairy as carrier
- Others (combinations, dairy/protein derivatives, and dairy/non-dairy fat component)
Based on Form, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- Spreadable
- Powder
- Liquid
Based on Application, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- Ice cream
- Yogurt
- Infant formula
- Bakery
- Feed
- Butter & cheese spreadable blends
- Beverages
- Others (cocoa preparations, chocolate, and confectionery)
Key Takeaways of the Global Dairy Blends Market Report:
· A comprehensive overview of the global Dairy Blends industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Dairy Blends market.
· Elaborate study of the leading regional markets in the global Dairy Blends market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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