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Published Date: 2017-09-07Number of Pages: 170

Dairy Blends Market (Product type - Dairy Mixtures, Dairy/Non-Dairy Ingredients, Functional Ingredients, and Carrier Dairy Blends; Form - Powder Dairy Blends, Liquid Dairy Blends, and Spreadable Dairy Blends) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Dairy Blends Market: Snapshot

With the swift rise in disposable incomes across many parts of the world and changing lifestyle, the demand for specialty food ingredients such as dairy blends is on the rise. Apart from this, the low fat content of dairy blends is also leading to their rising uptake among health savvy consumers. The low cost factor of dairy blends and their easy refrigeration and storage in comparison to dairy products is also having a positive bearing on the market’s growth.

On the flip side, preference of food manufacturers to use conventional dairy products instead of dairy blends, and concerns among food manufacturers as well as consumers that dairy blends deteriorate the taste of food are acting as roadblocks to the market’s growth.

According to a report by Transparency Market Research, the global dairy blends market is predicted to expand at a CAGR of 5.8% for the forecast period between 2017 and 2022. At this pace, the market’s valuation of US$2,853.7 mn in 2017 will become worth US$3,789.3 mn by the end of 2022.

 

dairy blends market

 

Dairy Mixtures Product Segment Expected to Stay Dominant through 2022

The global dairy blends market is studied in terms of product type, form, and region. The segments of the market depending upon product type are dairy mixtures, dairy/non-dairy ingredients, functional ingredients, carrier, and others. Of them, the segment of dairy mixtures holds dominance with the segment expected to represent 35.4% of the market in 2017. Expanding at a CAGR of 6.2% between 2017 and 2022, the dairy mixtures segment is expected to be worth US$1,367.7 mn by the end of 2022. The segment is displaying a year on year growth of US$71.5 mn surpassing the growth exhibited by any other product type segment.

In terms of form, the segments into which the global dairy blends market is divided are powder, spreadable, and liquid.

Backed by Economic Growth Asia Pacific to Emerge as Attractive Regional Market

The report studies the global dairy blends market across the regional segments of North America, Europe, Latin America, Asia Pacific except Japan, Japan, and the Middle East and Africa. Powered by the U.S., the North America dairy blends market is expected to dominate in 2017 amongst other key regional markets for dairy blends. Going forward too, the region is expected to maintain its lead position expanding at a CAGR of 6.9% for the forecast period between 2017 and 2022. In absolute value, the North America dairy blends market is expected to increase from US$1,161.8 mn in 2017 to US$1,623.5 mn by the end of 2022.

Asia Pacific except Japan is another significant market for dairy blends. The region is expected to display an attractive 5.6% CAGR between 2017 and 2022 backed by the rising disposable income and increasing spending on specialty food ingredients. The presence of an established dairy industry in Australia and New Zealand is also expected to have a positive bearing on the growth of this regional market.

Europe dairy blends market is expected to rise at a CAGR of 5% between 2017 and 2022 and become worth US$1,104.7 mn by the end of 2022.

Prominent participants in the global dairy blends market profiled in this report are Cargill Inc., Koninklijke Viv Buisman B.V., Dohler GmbH, Advanced Food products LLC, Agri-Mark Inc., Kerry Group plc, Agropur Cooperative, Hormel Foods Corp., Fonterra Cooperative Group Ltd., and All American Foods Inc. The presence of a large number of players of varying sized renders high competition in the global dairy blends market. Keen players in the market are hard focused on introducing novel products and have resorted to acquisitions and expansions to gain competitive advantage.

 

Global Dairy Blends Market: Overview

The research report on the global dairy blends market provides a 360 degree overview of growth trends, product innovations, and competitive strategies in the said market over the forecast period between 2017 and 2022. It also highlights key growth drivers, restraints, and opportunities that are projected to impact the market dynamics over the 2017-2022 forecast period. The report presents an all-round perspective on the growth in the overall market based on revenue generated in key regions.

Global Dairy Blends Market: Trends and Opportunities

One of the key growth drivers of the global dairy blends market is rising disposable income across several parts of the world. The increasing spending on packaged food that uses dairy blends for many preparations as a substitute to dairy products is positively influencing the dairy blends market. In particular, economic development and changing lifestyle in populous economies of Asia Pacific such as India and China is acting in favor of the market’s growth.

Apart from this, the low cost factor of dairy blends in comparison to dairy products is also leading to their rising uptake. The low fat content of dairy blends when compared to butter and margarine also account for their preference among consumers.

This section of the report offers value chain analysis and showcases factors affecting demand drivers, challenges, and opportunities in the dairy blends market in the future. The market projections presented are outcomes of primary carried out by analysts, in-depth secondary research, and reviews obtained from in-house expert panel. Further, market projections have been analyzed by taking into consideration impact of social, economic, political, and technological factors over the 2017-2022 forecast period.

Global Dairy Blends Market: Market Segmentation

The report studies the global dairy blends market on the basis of product type, form, and region. In terms of product type, dairy mixtures, dairy/non-dairy ingredients, functional ingredients, carrier dairy blends, and others are the segments that divides the global dairy blends market. The segments of the market depending upon form are powder dairy blends, spreadable dairy blends, and liquid dairy blends.

The report studies the global dairy blends market cross North America, Europe, Asia Pacific except Japan, Japan, Latin America, and the Middle East and Africa. North America is expected to contribute the leading revenue to the global dairy blends market in 2017, and the trend is expected to continue until the end of 2022. Powered by the U.S., North America holds supremacy in the global dairy blends market. This is mainly because of an established packaged food industry in the region that displays a significantly high demand for dairy blends for the manufacture of a variety of foods.

Asia Pacific except Japan is expected to expand at a significant CAGR over the 2017-2022 forecast period.

Global Dairy Blends Market: Competitive Analysis

In this section, the report presents a detailed competitive profile of key players in the global dairy blends market. Cargill Inc., Koninklijke Viv Buisman B.V., Dohler GmbH, Advanced Food Products LLC, Agri-Mark Inc., Kerry Group, Agropur Cooperative, Hormel Foods Corp., Fonterra Co-operative Group Ltd., and All American Foods Inc. are the key players that have been profiled in this report.

This section of the report covers competitive strategies adopted by market players along with insights on business positioning, financials, and SWOTs of these players over the forecast period. Lastly, company profiling that includes employee strength, key competitors, business overview, and recent/key developments are also included in this section of the report.

The global dairy blends market is segmented as follows:

Dairy Blends Market, by Product Type

  • Dairy Mixtures
  • Dairy/Non-Dairy Ingredients
  • Functional Ingredients
  • Carrier Dairy Blends
  • Others

Dairy Blends Market, by Form

  • Powder
  • Spreadable
  • Liquid

Dairy Blends Market, by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific except Japan
  • Japan
  • Middle East and Africa


 
 
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