Dairy Blends Market Competitor Landscape, Opportunity Analysis, Growth, Trends & Forecast 2019-2023


Posted July 25, 2019 by TejasAmale

global dairy blend market has been segmented amongst type, form, and application

 
Market Analysis

The demand in the global dairy blends market has been intensifying with the growth of the dairy industry in recent times, reports Market Research Future Reports. Upon this, Market Research Future Reports has published a new report stating that the global dairy blends market is expected to reach a valuation of USD 3,750 Million on an average CAGR of 6.41% in the assessment period from 2017 to 2023.

The dairy blends market has mainly profited from the divergence of food preparation methods that involve dairy products. The inevitability to improve and refine the taste of dairy blends is primarily motivating the growth graph of the dairy blend market since past years, which is also expected to flourish in the years to come on the basis of changing food tastes and intake of people. The key market vendors of the market have made concerted efforts to expand their product portfolio to increase the margins of dairy blends market by catering to the needs of the population globally. These factors have undoubtedly supported the global dairy blend market to rise splendidly over the time.

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Key Players

The critical players summarized in the global Dairy blends market by MRFR 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), and others.

Global Dairy Blend Market Segmentation

According to the reports published by MRFR, the global dairy blend market has been segmented amongst type, form, and application.

By type, the market is segmented into the dairy mixture, dairy/non-dairy ingredients, dairy as a functional ingredient, dairy as a carrier, and many others. Among them, dairy/non-dairy ingredients are assessed to account for the significant market proportion of approximately 35.89% in 2017. Also, this segment has the highest market share in the Asia Pacific region, which, as a carrier, is expected to proliferate at the fastest rate of 7% over the forecast period.

By form, dairy blends market is segmented into spreadable, liquid, powder, and others. Wherein, the liquid segment leads the market with a share of 35.98% in the year 2017, as per market research. However, the powder segment is also expected to witness healthy growth during the assessment period.

By application, dairy blends market is segmented into bakery & confectionery, ice cream & frozen dessert, infant nutrition, & baby food, sweet & savory snacks, beverages, dietary supplements, meat & seafood, and others. Wherein, the ice cream & frozen desserts segments are leading since the year of 2017. However, the bakery & confectionery segment has then witnessed a healthy CAGR of 7.01% during the assessment period of 2017-2023.

Regional Outlook

Region-specific analysis of the Global Dairy Bend Market leads to the inclusion of regions such as North America, Europe, Asia Pacific, and Rest of the World.

Among them, Asia Pacific accounted for having a maximum market share of 31.65% in 2017, while the trend is expected to endure throughout the mentioned forecast period. Besides, in the Asia Pacific, it has been observed, as per the research that India is growing at the highest rate with the increasing consumption of dairy products other than in the U.S., which is boosting the growth of dairy blends market here. Even North America accounted for a 29.08% market share in the year 2017 owing to mounting consumption of dairy blend products.
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Tags dairy blends , dairy blends industry , dairy blends market
Last Updated July 25, 2019