Dairy Blends Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Global Dairy Blends Market is expected to register a CAGR of 7.8%, during the forecast period of 2020 - 2025.
Key HighlightsThe demand for dairy blend products are increasing at a faster pace, due to changes in social and economical patterns, as well as increase in urbanization, buying power, and awareness about healthy foods, changes in meal pattern and existing food habits, and the desire to taste new products. They are becoming extremely popular, especially among the working class people, teenage children, and bachelors, among others. Many popular snack foods, such as chips, candy, and snack mixes are high in calories, fat, and excess sugar. Healthy alternatives, such as dairy snacks, are convenient to grab on-the-go, and are also nutrient dense, providing vitamins, minerals, and energy that fuel the body, is driving the dairy blend market.
Asia-Pacific witness a significant growth in dairy blend marketThe growing demand for dairy proteins in food industry, owing to its nutritional benefits, further pumped up the market for dairy blends as an ingredients across the globe. Asia-pacific is expected to witness the highest growth in dairy blends rate during the forecast period, due to the growing dairy based product preferences. Particularly, the Asian dairy market is showing interests in the dairy blends, as the Asian standard demand for milk fat is growing, at a continuous pace. In contrast to vegetable fats, milk fat is a natural product and offers a better taste, therefore, the production of dairy blends is satisfying the growing demand.
Competitive LandscapeThe dairy blends market is highly competitive in nature with the presence of numerous domestic and global players. The private-label brands have been gaining competitive advantage, in terms of products differentiation and cost-efficient solutions.The market studied is dominated by players, such as : All American Foods, Batory Foods, Kerry group, Royal Frieslandcampina N.V. , Dana Foods, Inc., and Cargill among others.
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