- 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)
Dairy Blends Market Business Growth | Size, Value Share, Industry Segment and Forecast to 2027
Market IntroductionDairy blends are usually prepared by blending cream or butter and other non-dairy ingredients such as cocoa, vegetable oil, almonds, and many others. Dairy blend products contain protein, vitamins, and essential minerals. It is an inexpensive alternative to dairy products and is applicable in various industries, such as frozen dessert, chocolate and confectionery, food, and beverages, and for the preparation of infant formula.Market ForecastThe global market for dairy blends has been experiencing high demand for the last few years and is projected to reach USD 3,750 million by 2023 compared to USD 2,599 million in 2017. Health benefits associated with dairy blends market products are creating a positive impact on the health-conscious population. Moreover, high prices of dairy products globally have influenced the consumers to shift in their preference for dairy alternatives which is boosting the growth of the market. Additionally, there is an increasing demand for dairy blends in emerging economies which creates a huge potential for the dairy blends market.Based on the type, the dairy/ non-dairy ingredients segment is dominating the market followed by dairy mixtures. Moreover, the dairy/ non-dairy ingredients segment is witnessed to grow at the highest growth rate of 6.90% in the APAC region over the forecast period. Based on form, the spreadable segment is expected to hold the maximum market share of 48.43% on the global level. Additionally, the dairy blends market is projected to grow at a CAGR of 7.01% in the application of the bakery & confectionery segment over the forecast period.Access Report @ https://www.marketresearchfuture.com/reports/dairy-blends-market-2334By Downstream AnalysisBased on the type, the dairy blends market is segmented into the dairy mixture, dairy/non-dairy ingredients, dairy as a functional ingredient, dairy as a carrier, and others. Among the type, dairy/non-dairy ingredients are estimated to account for the major market proportion of 35.89% in the year 2017. However, dairy as a carrier segment is projected to be the fastest-growing segment during the forecast period of 2017-2023.Based on the form, the dairy blends market is segmented into spreadable, liquid, powder, others. Among them, the spreadable segment is observed to be dominating with a major market share of 48.43% in the year 2017. However, the powder segment is predicted to witness healthy growth during the noticed period.Based on the application, it is segmented into bakery & confectionery, ice cream & frozen dessert, infant nutrition, & baby food, sweet & savory snacks, beverages, dietary supplements, meat & seafood, and others. Among them, the ice cream & frozen desserts segment are dominating with a market share of 27.89% in the year 2017. However, the bakery & confectionery segment is anticipated to be the fastest-growing segment during the forecast period of 2017-2023.Competitive AnalysisThe major key players in dairy blends are:
