Published: Mar, 2018
On account of the presence of a number of established, as well as new players, the global dairy blends market reports a high degree of competition between vendors, states a research report by Transparency Market Research (TMR). The leading players in this market, such as Agropur Ingredients, Fonterra Cooperative Group Ltd., Kerry Group, Royal FrieslandCampina N.V., and Doehler Group, are emphasizing on introducing novel products with new flavors and more nutrients in the market to maintain an edge over their competitors. Over the coming years, these players are likely to focus more on strategic partnerships to strengthen their presence across the world, notes the market study.
As per the research report, the global market for diary blend stood at US$2.85 bn in 2017. The opportunity in this market is projected to proliferate at a CAGR of 5.80% during the period from 2017 to 2022 and gain a value of US$3.78 bn by the end of the period of the forecast. Dairy blends are majorly available in the forms of powder, liquid, and spread across the world. In terms of the product type, dairy mixtures are registering the most prominent demand and are anticipated to continue doing so over the next few years. Geographically, the global market reports its presence across North America, Asia Pacific except Japan, Japan, the Middle East and Africa, Europe, and Latin America. North America, powered by the presence of established players in the U.S., has been leading this market. Researchers project this regional market to remain dominating over the forecast period, states the research report.
Rising Awareness among Consumers about Health Benefits of Dairy Blends to Support Market’s Growth
“The global dairy blends market is benefiting substantially from the high cost of the conventional dairy commodities, says a TMR analyst. Conventional dairy products are relatively costlier than dairy blends, which is working in the favor of this market. The longer shelf life and non-requirement of cold chains for transportation of dairy blends are also supporting the growth of this market. Going forward, the rising awareness among consumers about the health benefits offered by dairy blends is likely to propel this market considerably over the coming years, reports the market study.
Increasing Preference of Food Manufacturers for Conventional Dairy Products to Hamper Market
On the other hand, the increasing preference of food manufacturers for conventional dairy products, compared to dairy blends, and the rising concerns among them, as well as consumers, regarding the deterioration of taste in food item caused by these blends may hamper the global market for dairy blends in the near future, states the research report.
The review is based on a report by Transparency Market Research (TMR), titled “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.”
- Dairy mixtures are registering the most prominent demand.
- North America, powered by the presence of established players in the U.S., has been leading this market.
The global dairy blends market is segmented as follows:
By Product Type
- Dairy Mixtures
- Dairy/Non-Dairy Ingredients
- Functional Ingredients
- Carrier Dairy Blends
- North America
- Latin America
- Asia Pacific except Japan
- Middle East and Africa
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