Dairy Blends Market Value to Reach USD 3,750 Mn by 2023, at 6.41% CAGR | Dairy Blends Consumption to Grow Due to Increasing Demand for Food & Beverage Products

Dairy Blends Market Report Insights and Industry Analysis by Type (Dairy Mixture, Dairy/Non-Dairy Ingredients, Dairy as a Functional Ingredient, Dairy as a Carrier), Form (Spreadable, Liquid, Powder), Application and Region, Competitive Market Share, Trends, and Forecast, 2017- 2023

Pune, India, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Dairy blends have a wide scope of application and advantages which have made them indispensable in F&B manufacture. Market Research Future's (MRFR) report on the global dairy blends market indicates healthy growth at a CAGR of 6.41% during the assessment period of 2017 to 2023. Dairy blends are available in various forms and combine dairy with butterfat or nondairy ingredients for various functions in the F&B sector. The increasing demand for dairy blends is expected to generate a revenue of USD 3,750 Mn by the end of 2023.

Rising prices of traditional dairy products are a significant factor driving the demand for dairy blends. Dairy blends are used for a wide number of applications and are generally more cost-effective than traditional dairy products. Moreover, dairy proteins, which are used heavily in dairy blends, have health benefits that drive the demand for the same in an increasingly health-conscious global environment.

The sheer number of applications for dairy blends across a variety of food & beverage products and the growing demand for these end products will likely be a crucial contributor to market growth. Icecreams & frozen desserts, chocolate & confectionery, infant formula, bakery products, and supplements are among the most popular applications of dairy blends. These food items have witnessed a significant increase in consumption over the years due to their popularity among consumers, product innovation, and increasing population. For instance, rising birthrates have increased the demand for infant formula. Dairy blends such as buttermilk powder are extensively used in the production of sweetened condensed milk and evaporated milk, both of which are highly popular pantry items. Another use for dairy blends is as emulsifiers in a wide variety of food products. Dairy blends also have applications in processed cheese and cheese spreads. The ubiquitous applications for the dairy blends act as a key driver for the global market, thus yielding opportunities for growth.

Key Players

MRFR analyzes the competitive landscape of the global dairy blends market which includes leading market players such as Dohler GmbH, Cargill Inc., Agropur Cooperative, Cape Food Ingredients, AFP Advanced Food Products LLC, AAK Foodservice, Galloway Company, Royal Frieslandcampina N.V., Fonterra Co-operative, Kerry Group plc, and others. These market participants use a variety of market strategies to secure their positions in the market while opening up avenues for future growth. Production capacity expansion, product innovation, mergers & acquisition, and others are among the most effective strategies employed by market players in the global dairy blends market.

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Latest Industry News

• Milk Specialties Global is expanding it's Wisconson dairy processing facility which specializes in sweet whey powder. The move will lead to a 40% increase in production.
• EPI Ingredients is poised to launch its milk protein concentrate dubbed "Epiprot 60 UL". The launch in response to increasing demand for milk protein blends.

Market Segmentation

MRFR has analyzed the various key segments of the global Dairy Blends Market which have been determined on the basis of type, form, applications, and region. By type, the market is segmented into dairy as functional ingredients, dairy as a carrier, dairy/ nondairy ingredients, dairy mixtures, and other types of blends. The dairy/non-dairy segment accounts for a market share of over 35% while dairy as a carrier is expected to grow at the highest CAGR of 7% over the forecast period.

By form, the market is segmented to include liquid, spreadable, and powder. The liquid segment accounts for the most significant share of the market at nearly 36% of the total market. However, the powder segment is growing rapidly and is expected to witness the highest CAGR due to the long shelf life of powdered dairy blends.

By application, the market is categorized by bakery & confectionary, infant formula & baby food, ice cream & frozen desserts, dietary supplements, meat & seafood, beverages, sweet & savory snacks, and other applications. Steadily increasing ice cream consumption has put the ice cream & frozen desserts segment in leading position. Meanwhile, the bakery & confectionery segment where dairy blends are used for functional and as an ingredient will witness a CAGR of 7.01% during the review period.

Regional segmentation divides the global dairy blends market into North America, Europe, Asia Pacific and the Rest of the World. 

Browse the market data and information spread across 110 pages with 85 data tables and 17 figures of the report “Dairy Blends Market Report - Forecast 2017-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/dairy-blends-market-2334

APAC Growth Spearheaded by India

The Asia Pacific market plays the most significant role in the global dairy blends market as is evidenced by its market share of 31.65%. India has been observed to be an emerging economy in the region which displays the highest growth rate. Japan and other economies in the region also show a significant growth rate. India has a high consumption of traditional dairy products, a massive consumer population and a high birthrate which contribute to the growth of the market. Dairy blends are extensively used in food production, and infant formula is witnessing increasing demand due to rising disposable incomes. Items such as fermented milk, buttermilk, yogurt, and others are growing increasingly popular in emerging economies due to the health benefits associated with the same. The APAC region is growing as a manufacturing hub, thus also increasing market share for the region and opening up ample opportunity.

North America is another significant market which accounts for 29.08% of the total dairy blends market share. The presence of a massive F&B sector and high consumption of convenient food products are expected to bolster the North American market over the forecast period.

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