Market Overview:
A mixture of concentrated cream mixed with butter is known as dairy blends. They are made up of butter blends or processed butterfat that is free from saturated fat. Dairy blends contain vegetable oil, therefore it is spreadable and can be consumed with bread. They can mix with other ingredients such as sugar, salt, aroma, flavorings, and vegetable oils that rely on taste and preferences of the customers. Dairy blends enhance the absolute and real taste of the products. The global dairy blends market was valued at USD 3.5 billion in 2019 and expected to be growing at a CAGR of 7.86%, to reach USD 5.1 billion by 2024.
Market drivers and restraints:
Dairy blends are cost-efficient in nature; therefore, this is a main driving factor of the market. It contains less fat as compared to margarine and butter. Import of the dairy products involves high cost but dairy blends involve much lower cost relatively. Dairy blends also used in the other ingredients such as vegetable fats, butter, sugar, dextrin, and cocoa powder are estimated to boost the global dairy blends market expansion. Many soy proteins are very cost-efficient compared to dairy proteins. Therefore, numerous dairy producers mix dairy blends with soy or other proteins in order for the betterment of the flavor of the product. This is estimated to foster global market growth.
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Report segmented as:
By application:
- Yogurt
- Bakery
- Feed
- Beverage
- Butter and cheese blends
- Infant formula
- Ice cream
- Others
By form:
- Powder
- Liquid
- Spreadable
By type:
- Dairy or non-dairy ingredients
- Dairy as carrier
- Dairy as functional ingredient
- Dairy mixtures
- Others
Geographical analysis:
The regional sector in the global dairy blends market are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America accounted for the highest market share in the global market. Asia-Pacific and South America are growing niche markets for dairy blends.
Important market players:
Key players operating in the global dairy blends market are All American Foods, Inc., Hormel Specialty Products, Anchor, Lactopur, Advanced Food Products, Friesland Campina, Landell Mills-sure, and Abbott Nutrition. Other players include Agri-Mark Inc., Cargill, VIV Buisman, Agropur Ingredients, Pacificblends, Cape Food Ingredients, SPX Flow, Bakels Edible Oils, and others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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