Dairy Blends Market Earnings Margins, Value Of Production & Consumption Demand Figures 2022-2032

 

The global dairy blends market is estimated to be valued at USD 2.4 Bn in 2022. According to a newly released report by Future Market Insights (FMI), the overall market value is expected to reach USD ~4.5 Bn by 2032, rising at a CAGR of ~7.0% during 2022-2032.

Dairy blends are dairy mix ingredients from butter or cream concentration mixed with vegetable oils. Dairy blends are insipid and are hence mixed with non-dairy ingredients like sugar, cocoa powder, vegetable fats, dextrin, aroma, salt, and other flavorings to add flavor. Dairy as a functional food is renowned and hence dairy products are usually sold at a very high price but dairy blends can be imported at a much lower price in comparison to the dairy products list.

Dairy blends are in high demand across diverse sectors, among which bakery segment has emerged as a key end user. Dairy blends, in form of both spreadable blends and powder, are often used in making cakes and breads. These blends are often used to make cake toppings of different flavours.

Rising Demand for Healthier Alternatives to Traditional Dairy Products Creates Opportunity for Expansion

Consumers have become more concerned about their health and wellbeing than ever before. As a result, replacing traditional meal with food with higher nutritive value has become their top priority. This definitely gives impetus to dairy blends producers, since their products are often touted as healthier alternative to traditional dairy products such as whole milk. Dairy blends are believed to contain all the necessary dairy nutrient but are low in fat content. As a result their popularity is surging among consumers looking to reduce cholesterol and weight.

Who is Winning?

Some of the leading players operating in the dairy blends market are Fonterra Co-operative Group (Anchor), Abbott Nutrition, Cargill Inc., Advanced Food Products, All American Foods, Inc., Agri- Mark Inc., Hormel Specialty Products, Cape Food Ingredients, Friesland Campina N.V., Pacificblends Ltd., Doehler Group, Kerry Group, and Agropur Ingredients

Studies suggest that the global dairy blends market is gradually heading towards fragmentation. The rising awareness about the use of dairy blends and their cost effectiveness, are two primary factors making the market highly lucrative. Therefore, it is likely to witness the entry of several new players in the coming years.

Dairy Blends Market Segmentation

The global dairy blends market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Application :

  • Infant Formula
  • Ice Cream
  • Bakery
  • Confectionery
  • Butter & Cheese Blends
  • Beverages
  • Others

By Flavor :

  • Regular
  • Flavoured

By Form :

  • Spreadable
  • Powder
  • Liquid

By Distribution Channel :

  • B2B
  • B2C
    • Modern Trade
    • Convenience Store
    • Forecourt Retail
    • Online Retail

By Region :

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Oceania
  • Middle East & Africa

Key Research Findings

  • The global dairy blends market was valued at US$1.8 Bn in 2019. The market is poised to grow at an impressive 7.6% through the forecast period (2019-2029)
  • Dairy blends are finding high uptake in the bakery segment which has emerged as a key end user. Products such as spreadable blends and powder are being increasingly used to make cake toppings with myriad flavours.
  • Demand for dairy blends is anticipated to surge in the foreseeable future as leading stakeholders focus on innovation to attain hegemony in the market.
  • Regionally, North America is slated for extremely high growth owing to the high consumption of dairy products in the region. High demand for dairy blends in China will stoke growth in the Asia Pacific region.
  • Regular dairy blends are forecast to maintain their lead during the forecast period on back of their soaring popularity and high demand
  • While consumer patterns for dairy blends are normalizing in countries such as China, US is foreseen to suffer with a slump in demand as infections soar and large scale quarantines

Information source: https://www.futuremarketinsights.com/reports/dairy-blends-market

Comments

Post a Comment

Popular posts from this blog

Chewable Energy Tablet Market Potential Growth, Share, Demand and Analysis of Key Players — Forecasts to 2034

 The global  chewable energy tablet market  value is estimated to total  US$ 478.9 million  in 2024. It will likely exhibit a CAGR of  8.9%  throughout the forecast period, totaling a valuation of  US$ 1,120.6 million  by 2034. Consumers mostly prefer orange-flavored chewable energy tablets owing to their perceived health benefits and other advantages. As per the latest analysis, the orange flavor segment will likely progress at a CAGR of  5.6%  through 2034. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-19020 Several factors are predicted to fuel the growth of the chewable energy tablet industry during the assessment period. These include: Increasing demand for convenient and portable energy sources Growing health consciousness Rising preference of fitness enthusiasts towards chewable energy products Escalating  demand for functional foods Availability of chewable energy tablets in a wide range o
Read more

Canned Soup Market Growth Opportunities, Industry Analysis, Size, Share, Geographic Segmentation & Competitive Landscape Report To 2032

 The  canned soup market  is witnessing significant growth in recent years due to the convenience it offers to consumers. Canned soups are a quick and easy meal option, saving time and effort in the kitchen. With an increasing number of working individuals and busy lifestyles, the demand for ready-to-eat meals is soaring. Additionally, the pandemic has further driven the market, as people seek shelf-stable, long-lasting food options during lockdowns. The global canned soup market is anticipated to rise at a CAGR of 6.6% over the projected period, reaching a market value of US$ 2.8 Bn by 2022. Furthermore, consumers prefer canned soup products to alternative protein sources because of benefits such as balanced macro and micronutrients, as well as high protein content. As the consumption of processed foods is increasing across the globe, the demand in the market is expected to surge. Dive into the dynamic world of the Canned Soup Market with our exclusive Sample report. Get ready t
Read more

Moringa Tea Market Size 2024 Global Industry Share, Top Players, Opportunities And Forecast To 2034

 The global  moringa tea market  size to record a valuation of US$ 8,001.40 million in 2024. Looking ahead to 2034, the current forecast projects a CAGR of 10.40% throughout. Current projections of the moringa tea industry imply a valuation of US$ 21,456.10 million by 2034. Impelling Causes Bolstering Moringa Tea Demand Owing to its health benefits, moringa tea is a proliferating trend among other tea beverages on the market, such as the well-known matcha tea. The market niche of moringa tea is evolving due to its appeal to tea lovers and health-conscious consumers. Moringa tea stands out from other tea products due to its high nutritious content and lack of caffeine. Among the products made from moringa are oil, tea, seeds, and other health-related items. The global moringa tea market is augmenting due to the ease with which raw materials can be obtained and the extensive network of exporters of moringa tea. Request a Sample Report!  https://www.futuremarketinsights.com/report
Read more