The dairy blends market can secure a 6.55% CAGR to reach close to USD 4,670.7 Million from 2021 to 2030, believes Market Research Future (MRFR).
The burgeoning working women populace over the years, in line with the rise in the urbanization rate in India and China has been favorable for the worldwide market. Hectic schedules make it tough for people to take out time to cook baby food. Dairy blends have emerged as excellent substitutes for traditional baby foods such as porridge and rice, since these cut down the time needed to cook baby food. Additionally, these have a variety of essential nutrients that help boost the baby’s health. Thus, the heightened preference for a variety of dairy blends will fuel the industry size in the years to come.
However, despite the several advantages associated with dairy blends, majority of the consumers hesitate to use these over the conventional dairy products. In a few developing and developed markets, most of the food & beverage developers prefer using margarine, butter, and other general dairy products rather than dairy blends. Mounting concerns among these developers about dairy blends, given the perception that these deteriorate the food’s taste can be a huge challenge for the dairy blend manufacturers in the approaching years.
With the rise in product advances, the manufacturers are increasing deploying the blending technology to spark the interest of more customers. This can be a favorable opportunity for the worldwide market during the given period.
COVID 19 Analysis
The global pandemic of COVID 19 has affected the normal working of the people adversely. Owing to this global pandemic, one has to deal with financial crises along with health issues. This situation has pushed the economies towards forced recession. Owing to the lockdown period and post lockdown period most of the manufacturing units of the dairy blends market were shut down which resulted in a steep downfall of revenues and profit margins.
It is expected that the dairy blends market will recover from this global pandemic situation at the end of the second quarter of the coming year during the forecasted period.
The dairy blends market is growing at an alarming rate. The factors that drive the growth of the market in the global market are the availability of various flavors in the market in the global market. Moreover, growing concern about health and related issues drives the market as it fulfills the required nutrition value among customers. Also, the products made from dairy blends usually have low saturated fat content as compared to traditional dairy products which also drives the market in the global market.
The dairy blends market has various growth opportunities in the global market during the forecasted period. With the growing trend of product innovation, most of the manufacturers of key market players started using blending technology to attract more customers in the global potential market creates growth opportunities in the global market during the forecasted period. Also, the growing prices of traditional dairy products provide growth opportunities in the global market.
The dairy blends market is growing rapidly in the global market but some factor restricts the growth of the global market like the low awareness of market among customers. Moreover, growing competition in the market also hampers the growth of the global market. Another factor such as the use of high content of preservatives used in dairy blends products restricts the growth of the market.
Value Chain Analysis
The dairy trends market in the global market is increasing rapidly during the forecasted period and adds value to the society by providing various benefits like decreasing the cost of nutritious products by eliminating the use of traditional dairy products like milk solids. This also helps in increasing the shelf life of the food and hence can be used for a long journey. It also helps in completing the deficiency of nutrients in infants.
The the global market has been divided based on type, form, and application.
Based on the Type
The global Dairy Blends Market has been divided based on the type into dairy/non-dairy ingredients, dairy as a carrier, dairy mixture, dairy as a functional ingredient, and many others. The largest market share in the type dividend is held by the dairy/non-dairy ingredients owing to the highest share in the Asia-Pacific region. Moreover, dairy as a carrier is also growing in the dairy blend market.
Based on the Form
The the global market has been divided based on the form into powder, liquids, spreadable, and others. The largest market share in the form of dividends is held by the liquid dividend in the global market. The second-largest market share in the form of dividend is held by the power divided as it is the fastest-growing dividend.
Based on the Application
The the global Dairy Blends Market has been divided based on the application into ice cream and frozen desserts, sweet and savory snacks, bakery and confectionery, infant nutrition, and baby food, beverages, meat, and seafood, dietary supplements, and others. The largest share in the application dividend is held by the ice cream and frozen dividend. Moreover, bakery and confectionery dividend is also growing rapidly.
The the global market has been divided based on the region into the Asia-Pacific region, European region, North American region, and the rest of the world. The largest market share in the the global market is held by the Asia-Pacific region owing to its increasing consumption of products made by blended dairy products. Also, with the increasing demand for dairy blended products in countries like India and Japan.
The second-largest market share in the the global market is held by the North American region owing to the presence of two powerful countries like Canada and the U.S. which have a high demand for dairy blended products and hence boosts the dairy blended market in the global market followed by the European region owing to slow growth of blended dairy products in the global market.
The most prominent major key players in the the global Dairy Blends Market are as follows:
These most prominent key players use various strategies to increase their customer base in the potential global market by doing collaborations, starting a joint venture, mergers and acquisitions, development of a new process of production, development of a new product, partnership, and many other things to sustain their position in the global market.
Daiya, the reputed dairy-free cheese company in North America and developer of plant-based products, launches Italian 4 Cheeze Style Blend. Containing chickpea, the flavorful product is part of the the company’s Cutting Board Shreds collection that features thinly shredded Mozzarella, Parmesan, and two new Shred flavors Asiago and Provolone that create Italian-based dairy blends like never before.
OATSIDE, the Oat milk developer has introduced its first-ever oat milk product after a total funding of USD 22 million. The Singaporean brand has been supported by Proterra Investment Partners Asia, which is the Asian part of the food and agribusiness private equity fund manager Proterra Investment Partners.
The global dairy blends market research report consists of the following elements:
The global dairy blends market research report consist of the factors that drive the dairy blend market in the global market along with the factors that restrict the growth of the the global market. The future growth opportunities of the dairy blends market are also estimated during the forecasted period along with the impact of the global pandemic on the dairy blends industry. The future growth rate of the dairy blends market is estimated and mentioned.
Dairy blends manufacturers, beverage industry, bakery industry, dairy industry, supplements industry, and others.
Frequently Asked Questions (FAQ) :
It is expected that the dairy blend market in the global market is expected to grow at a high CAGR of 6.55% during the forecasted period 2021-2030.
The dairy blends market is expected to account for a market value of USD 4,670.7 Million .
The Asia-Pacific region holds the largest market share.