Dairy Blends Market to Grow with a CAGR of 7.7% through 2028
The
global dairy blends market is driven by a confluence of factors, including the
rising demand for healthier and functional food products, the growing embrace
of plant-based alternatives, and the flexibility and cost-effectiveness they
offer to the food processing industry.
According
to the TechSci Research report, “Dairy
Blends Market – Global Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2018-2028F”, the Global Dairy Blends market stood at
USD3.55 billion in 2022 and is anticipated to grow with a CAGR of 7.7% in the
forecast period, 2024-2028. The global dairy blends market is a dynamic and
versatile sector within the broader dairy industry, characterized by the
combination of dairy fats with various other ingredients to create products
with diverse functionalities and applications. This market has gained
significant traction in recent years due to changing consumer preferences,
technological advancements, and the evolving landscape of the food and beverage
industry.
Dairy
blends refer to mixtures of dairy ingredients, such as butter, cream, or
cheese, with non-dairy components like vegetable oils, sweeteners, and
flavorings. These blends offer a range of benefits, from enhancing flavor and
texture to improving shelf life and nutritional profiles. The global dairy
blends market is driven by the growing demand for convenience foods, the need
for cost-effective alternatives to pure dairy products, and the expanding food
processing sector.
Dairy
blends are designed to be versatile and easy to incorporate into various
culinary applications. Their ability to provide consistent taste, texture, and
performance makes them a convenient choice for food manufacturers seeking to
create a wide range of products. Dairy blends offer a cost-effective solution
for achieving dairy-like characteristics in food products without relying
solely on expensive dairy ingredients. This is particularly significant in
price-sensitive markets and for products that require large quantities of dairy
components.
Dairy
blends can be formulated to contain specific nutrients, such as vitamins and
minerals, enhancing the nutritional profile of food products. This feature
aligns with the growing consumer demand for functional foods that offer health
benefits beyond basic nutrition. The combination of dairy fats and non-dairy
components in dairy blends can contribute to longer shelf lives for certain
products. This is especially relevant in bakery and confectionery applications,
where freshness and stability are crucial.
Dairy
blends can improve the overall taste and flavor of food products. The
incorporation of dairy fats can impart a rich and creamy mouthfeel, enhancing
the sensory experience of consumers. The global nature of the dairy blends
market allows for customization to suit regional and cultural preferences.
Dairy blends can be adapted to specific culinary traditions, providing a
familiar taste to consumers while accommodating local flavors.
While
dairy blends can be fortified with nutrients, there is a need to carefully
balance the nutritional content to ensure that products remain healthy and
aligned with consumer preferences for balanced diets. As consumers become more
conscious of the ingredients they consume, there is a growing demand for
clean-label products that contain minimal additives and preservatives. Dairy
blends must align with these clean-label trends to maintain consumer trust.
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Achieving
consistent taste and texture across different batches and production processes
can be challenging. Maintaining product quality is crucial to retaining
consumer loyalty. Formulating dairy blends that remain stable under various
processing conditions and in different applications can be technically complex.
Manufacturers need to invest in research and development to ensure product
stability and performance.
With
the rise of health-conscious consumers, functional dairy blends are gaining
popularity. These blends incorporate ingredients like probiotics, omega-3 fatty
acids, and plant sterols to offer specific health benefits. In line with the
growing demand for plant-based products, some manufacturers are developing
dairy blends that combine dairy fats with plant-based alternatives, such as
almond or coconut milk. These blends cater to consumers seeking dairy-like
experiences without animal-derived ingredients.
To
address consumer demands for transparency and simplicity, dairy blend
manufacturers are focusing on clean label formulations. This involves using
natural ingredients and minimizing the use of additives and preservatives.
Dairy blends are being used to create unique and innovative flavors in food
products, particularly in the confectionery and bakery sectors. By blending
dairy fats with different flavorings, manufacturers can offer a wide variety of
taste experiences.
The
global Dairy Blends market is segmented based on type, form, application, and
region.
Based
on the type, the market is segmented into dairy mixtures, dairy/non-dairy
ingredients, dairy as functional ingredients, dairy as carrier, and others.
Among these, the dairy mixtures segment has a significant share in the global
dairy blends market during the forecast period. Dairy mixtures, which involve
the combination of various dairy ingredients such as butter, cream, and cheese,
offer an exceptional level of versatility. These mixtures can be used to
enhance the flavor, texture, and overall sensory experience of a wide range of
food products.
Based
on region, the market is segmented into North America, Europe, Asia Pacific,
Middle East & Africa, and South America. Among these, the Asia Pacific
segment has a significant share of the global dairy blends market during the
forecast period as a result of factors such as rising population, urbanization,
economic growth, cultural diversity, and changing dietary preferences.
Major
companies operating in the global dairy blends market are:
- All American Foods Inc.
- Cargill Inc.
- Royal Frieslandcampina NV
- Kerry Group
- Advanced Food Products LLC
- Cape Food Ingredients
- AAK Foodservice
- Dana Foods Inc.
- Batory Foods
- Fonterra Cooperative Group Co. Ltd
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“The
global dairy blends market occupies a significant position within the broader
dairy industry due to its ability to offer convenience, versatility,
cost-effectiveness, and nutritional enhancement. As consumer preferences evolve
and the food and beverage landscape continues to innovate, dairy blends will
play a crucial role in meeting the demands of a diverse range of products and
consumers. Manufacturers that can navigate the challenges and leverage the
trends within this market are well-positioned to thrive in an ever-changing and
competitive industry.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Dairy Blends Market By Type (Dairy Mixtures,
Dairy/Non-Dairy Ingredients, Dairy as Functional Ingredients, Dairy as Carrier,
and Others), By Form (Spreadable, Powder and Liquid), By Application (Ice
Cream, Yogurt, Infant Formula, Bakery, Butter & Cheese Blends, Feed,
Beverage and Others), By Region, By Competition Forecast & Opportunities,
2018-2028F, has
evaluated the future growth potential of the dairy blends market globally and
provides statistics and information on market structure, size, share, and future
growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also
identifies the emerging trends along with essential drivers, challenges, and
opportunities present in the market of dairy blends globally.
Contact
Mr.
Ken Mathews
Techsci
Research LLC
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Lexington Avenue, Suite 300,
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+13322586602
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