The dairy blends market is likely to thrive at a CAGR of 7.7% during the forecast period. The market is expected to cross a market share of US$ 5.1 billion by 2033, while it holds a revenue of US$ 2.4 billion in 2023.
– The rising number of ice cream factories, along with the flavoured dairy blend for the application of homemade ice cream, is fueling the demand for dairy blends globally.
– A combination of concentrated butter or cream with vegetable oil, the dairy blends provide thickness and additional flavorings such as sugar, cocoa powder, and other seasonings. Thus, the expanding FMCG industry is likely to propel the growth of the dairy blends market.
– The advanced nutrients added to these mixes also fulfil the infant’s nutritional needs. The rising urbanization and the need for quick homemade baby food also fuel the demand for dairy blends as it holds higher nutritional value.
– The wider end-user dimension, such as food and beverages, processed food along with baby food industry, has played a major role in the growth of the dairy blends market.
– The presence of essential nutrients in the dairy blends, along with the enhanced flavor blends help the FMCG industry enrich its production of ice cream, custard etc.
– The vegan movement, along with the end users sticking to conventional dairy products, is likely to restrict the growth of dairy blends market.
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Key Points
- The US market is the biggest market for dairy blends and is expected to cross a value of US$ 1.3 Bn by 2033. The regional market is expected to thrive at an elevated 7.5% between 2023 and 2033. The growth of the FMCG industry consumes the largest portion of the regional market.
- The UK market is the fastest-growing dairy blends market, with a CAGR of 11.5% during the forecast period. The market is likely to reach a value of US$ 306.8 Mn by 2033.
- Based on flavor type, regular performs better than its counterparts as it can be mixed with any additional flavor and is used for densing the desert. It is expected to thrive at a CAGR of 7.2% during the forecast period.
- The powder segment tops the form type tally with a CAGR of 7.4% between 2023 and 2033, while it flourished at a slower CAGR of 6.6% during the previous forecast period.
Competitive Landscape
The competitors focus on delivering high-quality blends along with lowering the amount of excessive fat. Key players in the dairy blends market are Abbott Nutrition, Cape Food Ingredients, Hormel Specialty Products, All American Foods, Cargill, Agropour Ingredients, Friesland Capina, AgriMark Inc., SPX Flow, Landell Mills- sure, Pacificblends, Doehler Group, and others.
For instance:
- Cargill has introduced its powder dairy blends that deliver the function of excellent dispersion, thickening, and emulsifying agent while enhancing the taste as well. It blends maltodextrin in milk in order to prevent peculiar smell, and stabilize nutrients.
- Agropour Ingredients has launched different range of dairy blends that are applied in baked goods, desserts, dry-mixes, and confectionery items.
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Key Segments
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
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Frequently Asked Questions
- How Much is the Dairy Blends Market Worth?
- What is the Demand Outlook for the Dairy Blends Market?
- At What Rate Does the Dairy Blends Market Grow in the Last Five Years?
- What is the China Dairy Blends Market Outlook?
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