The global dairy blends market was valued at USD 3.7 billion in 2022, and it is projected to reach USD 8.4 billion by 2032, with a compound annual growth rate (CAGR) of 5.1% during the forecast period. The increasing demand for dairy blends in various industries, including infant formula, baking, confectionery, dairy products, and beverages, is the primary factor contributing to the growth of the market.
Dairy blends possess several advantages over traditional dairy products, which are fueling their increasing popularity. They are more cost-effective, easier to handle, and have an extended shelf life. Additionally, dairy blends offer desirable functional qualities such as emulsification, texture enhancement, and fat reduction, making them suitable for use in a wide range of food and beverage applications.
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Top Profiled Companies in the Global Dairy Blends Market Report:
- Agropur MSI, LLC
- Kerry Group plc
- Fonterra Co-operative Group Limited
- Advanced Food Products, LLC
- Cargill, Inc.
- Dupont Nutrition Biosciences
- Arla Foods amba
- Doehler Group SE
- Ingredion Incorporated
- FrieslandCampina Kievit
Major Driving Factors of Dairy Blends Market
- Health and wellness trends: Increasing consumer awareness about health and wellness has led to a shift in dietary preferences. Dairy blends offer a balance between taste, functionality, and health benefits. They can be formulated to be low in fat, cholesterol-free, and enriched with vitamins and minerals, making them an attractive option for health-conscious consumers.
- Cost-effectiveness: Dairy blends are often more cost-effective compared to traditional dairy products. They can be used as a substitute or partial replacement for dairy ingredients, providing cost savings for manufacturers without compromising on taste or functionality.
- Improved functionality: Dairy blends offer enhanced functional properties compared to natural dairy products. They can be customized to improve texture, stability, and mouthfeel in various food applications. Dairy blends are used in a wide range of products, including bakery, confectionery, beverages, ice cream, and processed foods, to improve taste, appearance, and shelf life.
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Further market segmentation
Type Outlook:
- Butter Blends
- Cheese Blends
- Yogurt Blends
- Milk Blends
- Others
Application Outlook:
- Bakery Confectionery
- Beverages
- Dairy Products
- Infant Nutrition
- Others
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