Dairy Blends Market by Application (Yogurt, Bakery, Feed, Beverage, Butter & Cheese Blends, Infant Formula, Ice Cream, and Others), by Form (Powder, Liquid, Spreadable), by Type (Dairy/Non-Dairy Ingredients, Dairy as Carrier, Dairy as Functional Ingredient, Dairy Mixtures, and Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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The Global Dairy Blends Market was worth $2.76 billion in 2016 and estimated to be growing at a CAGR of 7.78%, to reach $4.01 billion by 2021. Dairy blends are dairy mixes centred on concentrated cream or butter and butter.
It is prepared from butter blends which are combined with vegetable oils, or from processed butter fat which are uninhibited from saturated fat.
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One of the major advantages of dairy blend is that it is spreadable as it consists of vegetable oil and thus, can be eaten with breads.
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Combination of dairy blends along with some other source of protein offers several nutritional advantages to the users.
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The growth of the global Dairy Blends market is majorly driven by factors such as growing consumer awareness, rise in demand for dairy blends in baby formula, several health benefits linked with dairy blends, and high prices of traditional dairy products. The high growth potential in developing markets and untouched regions offers new prospects for the market players.
However, factors such as stringent regulations in the industry and globally declining prices of dairy products are restraining the growth of the market.
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Dairy Blends market is segmented as follows:
- Based on Application:
- Butter & Cheese Blends
- Infant Formula
- Ice Cream
- Based on Form:
- Based on Type:
- Dairy/Non-Dairy Ingredients
- Dairy as Carrier
- Dairy as Functional Ingredient
- Dairy Mixtures
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. United States is the primary player of dairy blends.
Being the fourth biggest global dairy product exporter and larger then Asia and South America in terms of service of whey, makes United States a front-runner in the dairy blends industry. The emerging markets of Asia-Pacific most importantly India and China, account for the high growth rate due to growing disposable incomes, and the demand for non-conventional food items.
China, Mexico, Japan, Canada, and South Korea are some of the other promising players in this market.
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The sustained growth of the global market for dairy blends has presented new profit prospects for the dairy marketers. The major companies dominating the global dairy blends market are Anchor, SPX Flow, Abbott Nutrition, Cape Food Ingredients, Agropur Ingredients, Hormel Specialty Products, Friesland Campina, and Cargill Inc.
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