Global Dairy Blends Market - 2022-2029
The global dairy blends market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Dairy blends are made up of dairy components such as butter or cream combined with vegetable oils. Non-dairy components such as sugar, cocoa powder, vegetable fats, dextrin, fragrance, salt, and other flavorings are added to dairy mixes to provide flavor. Dairy is well-known as a functional food; hence dairy items are typically marketed at a high price. However, dairy blends can be imported considerably lower than dairy products. The availability of various flavours for dairy blends is one of the major reasons predicted to promote market growth in the foreseeable period. Furthermore, the rise in customer health consciousness is expected to fuel the dairy blends market's expansion.
Increase application of dairy blends in bakery
Dairy blends are in high demand across a wide range of industries, with the bread industry emerging as a prominent end-user. Dairy mixes, both spreadable and powdered, are frequently used in the preparation of cakes and bread. These mixtures are frequently used to make a variety of cake toppings. Milk and butter, which are historically used as a significant ingredient in bakeries, have been replaced by dairy + milk blends, which have shown to be effective substitutes. Ice cream, bakery, confectioneries, ready-to-eat foods, and newborn formulae are all examples of dairy mixes. Dairy is commonly used as a carrier in food processing. Dairy blends are frequently used as an absolute and true flavour enhancer in culinary products.
In addition, the market will be steered upward by innovation and creative packaging. Leading market companies are developing with diverse flavors, giving the dairy blends industry a boost. Dairy blends makers will continue to rely on attractive packaging and aggressive marketing techniques to reach consumers. The dairy blends market is fast fragmenting from previous consolidation due to the abundance of opportunities in the landscape. Another trend that is gaining traction in the dairy blends industry is the fortification of food products. As a result of this tendency, manufacturers are gaining a larger market share.
Bakery segment accounted for the highest share in global dark spirit’s market
In 2021, bakery products had the highest market share of XX percent. Both powder and spreadable blends are used to make bread and cakes. Many cake toppings are made by mixing various flavors with these blends. These blends serve as excellent substitutes for the traditional milk and butter due to significant innovation in the manufacturing of bakery products to cater to the demand of the health-conscious population. Moreover, manufacturers provide customized dairy blends with different nutritional values per the consumer's preference. This is anticipated to boost the product demand in the bakery products segment.
The most common type of dairy mix is a powdered dairy blend. In 2021, this category contributed more than XX percent of total revenue. The powder form is commonly used in the production of baby food and infant formula. It's also used in ice cream and yogurt as a sweetener and stabilizer. Due to its dry form, it is easier to store and has a longer shelf life. Because the powder is often manufactured by spray-drying milk, it has all of the nutritional benefits of conventional cow's milk. These reasons are expected to propel the segment forward.
Asia-Pacific is the dominating region during the forecast period
In 2021, Asia Pacific had the greatest market share of XX percent. China accounted for the majority of demand for dairy blends, owing to the country's high birth rate, which drove demand for baby food and infant formula. In addition, Australia and New Zealand are major global producers of dairy products. Furthermore, compared to alternatives such as milk and butter, dairy blends are less expensive, easier to store and have a longer shelf life. This is expected to boost the market for dairy blends during the projected period.
In 2021, North America had the second-largest market share. The market is being driven by rising dairy product consumption in this region. The market, however, is not likely to increase considerably because of FAO's strict rules on these products. Furthermore, the advent of dairy alternatives such as soy-based products and beverages in North America and Europe is likely to stifle market growth.
The global market is fragmenting as people become more aware of how to use items and how cost-effective they are. Many big players, including as Fonterra, Kerry, Agropur, and Dohler, are developing new blends and raising awareness through appealing packaging. Another trend that large manufacturers are following is fortifying blends to increase their nutritional content. During the forecast period, this is expected to boost market growth. International Flavors & Fragrances Inc. and Health & Biosciences added four new cultures to their YOY MIX ViV product portfolio in 2022 to meet the needs of yoghurt manufacturers. These new cultures strive to solve producers' difficulties, allowing for the creation of high-quality products.
Positive impact on the global dairy blends market
The COVID-19 pandemic had a little impact on the market for dairy blends. The market for dairy blends increased as a result of the rising demand for various processed foods, as they are mostly used in the food and beverage industry. According to the International Trade Administration (ITA), the Chinese food and beverage business grew 7.8% in 2019 compared to 2018, with a 16 percent gain projected in 2021. The food and beverage industry, as well as the ongoing demand for newborn formula, contributed to the steady demand for dairy blends.
The global dairy blends market report would provide an access to approximately 61 market data tables, 58 figures and 180 pages.
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