Global Dairy Blends Market Size Business Growth | Value Share, Industry Segment and Forecast to 2028

Posted November 30, 2021 by AjayMRFRPR

Dairy Blends Market Size Research Report: Information by Type, Form, Application and Region – Forecast till 2027
Market Forecast

The global market for dairy blends has been experiencing high demand for the last few years and is projected to reach USD 3,750 million by 2023 compared to USD 2,599 million in 2017. Health benefits associated with Dairy Blends Market Size products are creating a positive impact on the health-conscious population. Moreover, high prices of dairy products globally have influenced the consumers to shift in their preference for dairy alternatives which is boosting the growth of the market. Additionally, there is an increasing demand for dairy blends in emerging economies which creates a huge potential for the Dairy Blends Market Size.

Based on the type, the dairy/ non-dairy ingredients segment is dominating the market followed by dairy mixtures. Moreover, the dairy/ non-dairy ingredients segment is witnessed to grow at the highest growth rate of 6.90% in the APAC region over the forecast period. Based on form, the spreadable segment is expected to hold the maximum market share of 48.43% on the global level. Additionally, Dairy Blends Market Size is projected to grow at a CAGR of 7.01% in the application of bakery & confectionery segment over the forecast period.

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Segmentation Analysis

Based on the type, Dairy Blends Market Size is segmented into the dairy mixture, dairy/non-dairy ingredients, dairy as a functional ingredient, dairy as a carrier, and others. Among the type, dairy/non-dairy ingredients are estimated to account for the major market proportion of 35.89% in the year 2017. However, dairy as a carrier segment is projected to be the fastest-growing segment during the forecast period of 2017-2023.

Based on the form, Dairy Blends Market Size is segmented into spreadable, liquid, powder, others. Among them, the spreadable segment is observed to be dominating with a major market share of 48.43% in the year 2017. However, the powder segment is predicted to witness healthy growth during the noticed period.

Based on the application, it is segmented into bakery & confectionery, ice cream & frozen dessert, infant nutrition, & baby food, sweet & savory snacks, beverages, dietary supplements, meat & seafood, and others. Among them, the ice cream & frozen desserts segment are dominating with a market share of 27.89% in the year 2017. However, the bakery & confectionery segment is anticipated to be the fastest-growing segment during the forecast period of 2017-2023.

Competitive Analysis

The major key players in dairy blends are:

Kerry Group PLC(Ireland)
Cargill Inc. (U.S.)
Fonterra Co-operative (New Zealand)
Royal Frieslandcampina N.V. (The Netherlands)
AAK Foodservice (U.S.)
Cape Food Ingredients (South Africa)
Galloway Company (U.S.)
Agropur Cooperative (Canada)
AFP advanced food products llc (U.S.)
Dohler GmbH (Germany)

Regional Analysis

APAC is dominating the Dairy Blends Market Size with over 34.41% of the global market share and is projected to account for a share of more than USD 1,395 million by 2023. India is expected to grow at the highest rate, followed by Japan and China, through the forecast period.

North America is projected to witness a substantial growth rate, followed by the APAC region, during the forecast period.  Canada is estimated to grow at the highest rate, followed by Mexico, through the review period.



NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Categories Advertising , Food , Health
Tags dairy blends market size forecast , dairy blends market analysis , dairy blends market size , dairy blends market size trends
Last Updated November 30, 2021