Global Dairy Blends Market to Report High Rise at 5.80% CAGR between 2017 and 2022
A recent report by Transparency Market Research (TMR), a leading market intelligence firm, states that the global dairy blends market will register a tremendous growth in the coming years. The market demonstrates a highly competitive business landscape, with a number of players, making use of different strategies to remain in the competition. The business landscape in this market is fragmented due to the presence of a large number of players, locally and internationally. However, the degree of competition does not fluctuate as the demand for dairy blends remain high across the world. New players continue to foray into this market, making it more fragmented.
Cargill Inc., Dohler GmbH, Agri-Mark Inc., Agropur Cooperative, Koninklije Viv Buisman B.V., Fonterra Cooperative Group Ltd., Advanced Food Products LLC, Kerry Group plc., Hormel Foods Corp., and All American Foods Inc. are some of the key vendors of dairy blends in the global market. Hitherto, the leading players in this market have been focusing on improving the quality of their dairy blends to keep themselves a step ahead of their competitors. The high production volume of leading vendors have been a huge issue for smaller ones. However, the increasing partnerships and strategic alliances among smaller players is likely to save them from being ousted from this market. Key dairy blend vendors are also expected to be engaged in several mergers and acquisitions in the near future, reports the research study.
According to the report published by Transparency Market Research (TMR), the global dairy blends market is anticipated to rise at a healthy CAGR of 5.80% over the period from 2017 to 2022. Among dairy blend products available in this market, the demand for dairy mixtures is expected to be rising over the next few years due to their high usage in the food and beverage industry.
Based on geography, the global dairy blends market is spread across North America, Europe, Asia Pacific except Japan, the Middle East and Africa, and Japan. North America has established itself as the leading regional dairy blends market across the world. The high demand for dairy blends in the U.S., thanks to excessive consumption of processed spreads, salads, dressings for sandwiches, and meat, is the key factor behind the supremacy of North America over the global dairy blends market.
Going forwards, North America is likely to remain on the top over the next few years. Europe is also projected to establish itself as a key regional dairy blends market in the near future, states the research report.
Increasing Awareness about Health Benefits of Dairy Blends to Support Daily Blends Market Growth
“Thanks to their low calorie and low fat content, dairy blends have become extremely popular among the younger generation, who give health and fitness a priority in their life,” says an analyst at TMR.
Over the coming years, the increasing awareness about various health benefits of dairy blends is likely to escalate the growth rate of this market. The significant rise in the packaged food industry is also projected to reflect positively on the growth of this market in the near future, notes the research study.
High Demand for Conventional Dairy Products from Food Producers to Hamper Daily Blends Market
Hitherto, the global dairy blends market has been witnessing an upward growth trend. However, the high number of food producers still using traditional dairy products for their freshness and health benefits, may hamper the growth of this market in the near future.
Nonetheless, the global dairy blends market is anticipated to remain rising at a high rate as a number of food administrations across are providing these blends a seal of credibility. The constant expansion in the food and beverages industry is also projected to keep the demand for dairy blends high in the years to come, states the research report.
The review is based on a report by Transparency Market Research, 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.”
The global dairy blends market is segmented into:
- 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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