According to Markntel Advisors Report, Dairy Blends Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Dairy Blends, or concentrated cream mixtures combined with butter, are formulated without saturated fat. These can be customized by incorporating ingredients like sugar, salt, flavors, spices, and other vegetable oils, catering to different tastes and preferences. These blends combine thick creams derived from vegetable oils, cocoa, almonds, or other non-dairy sources with a mixture of butter and vegetable oil, excluding saturated fat.
Global Dairy Blends Market Research Report & Summary:
The Global Dairy Blends Market is expected to grow at a CAGR of around 7.6% during the forecast period, i.e., 2023-28.
Time Period Captured in the Report:
• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-28
Who are the Key Players Operating in the Dairy Blends Market?
The top companies of the Dairy Blends Market ruling the industry are:
All American Foods Inc., Fonterra Co-operative Group Limited, Kerry Group, Agri-Mark Inc., Royal Frieslandcampina N.V., Cargill Inc., Doehler Group, Advanced Food Products LLC, Agropur Ingredients, Intermix Australia Pty Ltd., Abbott Nutrition, Johnson & Johnson, Cape Food Ingredients, Galloway Company, Other
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What is Included in Dairy Blends Market Segmentation?
The Dairy Blends Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
• By Type
o Dairy Mixtures- Market Size & Forecast 2018-2028, (USD Million)
o Dairy/Nondairy Ingredients- Market Size & Forecast 2018-2028, (USD Million)
o Dairy as Functional Ingredient- Market Size & Forecast 2018-2028, (USD Million)
o Dairy as Carrier- Market Size & Forecast 2018-2028, (USD Million)
o Others- Market Size & Forecast 2018-2028, (USD Million)
• By Form
o Spreadable- Market Size & Forecast 2018-2028, (USD Million)
o Powder- Market Size & Forecast 2018-2028, (USD Million)
o Liquid - Market Size & Forecast 2018-2028, (USD Million)
• By Application
o Ice Creams - Market Size & Forecast 2018-2028, (USD Million)
o Yogurts- Market Size & Forecast 2018-2028, (USD Million)
o Infant Formula- Market Size & Forecast 2018-2028, (USD Million)
o Bakery- Market Size & Forecast 2018-2028, (USD Million)
o Feed- Market Size & Forecast 2018-2028, (USD Million)
o Butter & Cheese Spreadable Blends- Market Size & Forecast 2018-2028, (USD Million)
o Beverages- Market Size & Forecast 2018-2028, (USD Million)
o Others- Market Size & Forecast 2018-2028, (USD Million)
• By Region
o North America
o South America
o Europe
o The Middle East and Africa
o Asia-Pacific
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Global Dairy Blends Market Dynamics:
Global Dairy Blends Market Driver:
Expanding Applications of Dairy Blends owing to Increasing Health-Consciousness among Consumers: The swift surge in demand for healthier and more affordable alternatives to traditional dairy products, especially after the pandemic, has paved the way for the dairy blends market to proliferate with extensive adoption envisioned for the next five years. With a wide range of benefits, such as enhanced taste, improved texture, extended shelf life, and a much-desired combination of dairy ingredients and non-dairy components, these are often used as substitutes for full-fat dairy products by the food processing industries. Using such blends for numerous applications like Ice cream, yogurt, Infant Formula, Bakery, feed, and more, FMCG brands strive to align their goals with consumers' demand for reduced saturated fat intake while retaining flavors and functionalities of dairy.
Global Dairy Blends Market Possible Restraint:
Surging Demand for Plant-Based Substitutes: With plant-based diets gaining popularity, consumers opt for vegan, vegetarian, or flexitarian diets, and parents now prefer their children to consume more plant-based foods. Consumers who opt for plant-based options may be less inclined to purchase dairy blends, which typically comprise a combination of dairy ingredients and vegetable fats. Thus, the transition towards plant-based alternatives poses a challenge to the dairy blend market by directly challenging conventional dairy-based products.
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