Dairy Blends Market Huge Demand in COVID-19: Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 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.

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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.

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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

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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

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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