Global Dairy Blends Market Rises at 7.6% CAGR, Spurred by Rising Demand for Infant Formula and Baby Food, says Future Market Insights
The global dairy blends market size is expected to show a steady rise at 7.6% CAGR between 2019 and 2029. According to the report, the rising demand for infant formula and baby food will stoke growth in the market. The report offers a holistic overview of the market. It compiles information on key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Dairy Blends Market
A recent market study published by Future Market Insights on the dairy blends market offer...
It includes in-depth insights into the dairy blends market. Some of these are:
- The estimated value of the market was at US$ 1.8 Bn Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America emerged as a key market for dairy blends.
- APEJ and Europe will offer lucrative growth opportunities to dairy blends market.
- In terms of application, bakery segment is expected to hold dominance in the market.
- On the basis of form, the demand for powder dairy blends is expected to be considerably high.
Rising Demand for Healthier Alternatives to Traditional Dairy Products Creates Opportunity for Expansion
Consumers have become more concerned about their health and wellbeing than ever before. As a result, replacing traditional meal with food with higher nutritive value has become their top priority. This definitely gives impetus to dairy blends producers, since their products are often touted as healthier alternative to traditional dairy products such as whole milk. Dairy blends are believed to contain all the necessary dairy nutrient but are low in fat content. As a result their popularity is surging among consumers looking to reduce cholesterol and weight.
Who is Winning?
Some of the leading players operating in the dairy blends market are Fonterra Co-operative Group (Anchor), Abbott Nutrition, Cargill Inc., Advanced Food Products, All American Foods, Inc., Agri- Mark Inc., Hormel Specialty Products, Cape Food Ingredients, Friesland Campina N.V., Pacificblends Ltd., Doehler Group, Kerry Group, and Agropur Ingredients
Studies suggest that the global dairy blends market is gradually heading towards fragmentation. The rising awareness about the use of dairy blends and their cost effectiveness, are two primary factors making the market highly lucrative. Therefore, it is likely to witness the entry of several new players in the coming years.
Get Valuable Insights into Dairy Blends Market
Future Market Insights, in its new report, presents an unbiased analysis of the global dairy blends market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of application, the market can be segmented into ice cream, infant formula, confectionery, bakery, beverages, butter and cheese blends and other. On the basis of flavour the market can bifurcated into regular and flavoured. Based on form, the market can be classified into spreadable, powder and liquid. In terms of distribution channel, B2B and B2C are key segments in the market. Regionally, the market can be classified as North America, Europe, Latin America, Asia Pacific excluding Japan, Japan, Oceania and the Middle East and Africa.
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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