Will the rapidly expanding demand for low-fat dairy products create a market for Dairy Blends? - Witness the Evolving Trends with ChemView's Report
Category: Food & Beverages Published Date : July 2022 ID: CVC-00174 Format: PDF Pages: 345
Dairy Blends Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Dairy Blends Market was worth US$ 2,400 Mn and is expected to grow at a CAGR of 6.9% over the forecast period. The market is expected to hit US$ 4,100.0 Mn by 2030 end.
Dairy blends are combinations created from butter blends, vegetable oils, or processed butter fat that does not include saturated fat. When dairy blends are combined with another type of protein, they give customers nutritional advantages while improving the product’s flavor.
Dairy blends are popular among fitness and health enthusiasts since they contain less fat than other butter and dairy products, increasing their demand in the global market.
THE HEALTH BENEFITS OF DAIRY BLENDS BOOST THE MARKET
Dairy blends are better for health than regular dairy products like whole milk. They are low in fat and include all of the key dairy nutrients. This advantage has improved the product’s appeal among consumers suffering from diseases such as obesity and excessive cholesterol levels. It will likely boost product demand, pushing market growth during the forecast period.
The worldwide dairy blend market is expected to be driven by cost-effectiveness, lower fat content compared to butter and margarine, use in conjunction with other ingredients, and other factors. Dairy items are often imported at a high cost; however, dairy blends may be imported at a significantly lower price than dairy products. Dairy blends can be combined with other components such as butter, cocoa powder, sugar, dextrin, and vegetable fats, increasing demand for dairy blends.
STRINGENT GOVERNMENTAL REGULATIONS HAMPER THE MARKET GROWTH
The production of dairy blends necessitates that the finished product meets the Codex Alimentarius Commission’s requirements. Codex is a regulatory agency formed by the United Nations Food and Agriculture Organization (FAO) and the World Health Organization (WHO). These criteria are quite strict and also apply to dairy product uses. It might pose a threat to the worldwide market during the forecast period.
What factors propel the powder form type Dairy Blends market forward?
The most common type of dairy mix is a powdered dairy blend. The powder form is commonly used in baby food or infant formulation production. It is also used in ice cream and yogurt as a sweetener and stabilizer. It is also easier to store and has a longer shelf life due to its dry state. Because the powder is often created by spray-drying milk, it has all of the nutritional qualities of conventional cow’s milk. These reasons are expected to propel the segment.
Why is there such a high demand for Dairy Blends in the Bakery segment?
Bakery items had the highest share of 35.0% in 2021. Powder and spreadable mixes are both utilized in bread and cakes. Many cake toppers are created by combining diverse flavors with these mixes. Because of substantial innovation in creating bakery items to meet the need of the health-conscious population, these blends serve as ideal alternatives for conventional milk and butter.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The dairy blends industry is extremely competitive, with several domestic and worldwide firms. Private-label brands have gained a competitive edge regarding product differentiation and cost-effective solutions.
The market is fragmented, and many firms are concentrating on new product development and expansion to retain their market positions. Companies are focusing on more unique sectors and growing the usage of dairy blend components.
Some of the key developments that have taken place in the Dairy Blends Market include:
A list of some of the key suppliers present in the market are:
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Global Dairy Blends Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Application, Flavor, Form, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|