By Product - Powdered Dairy Blend is the most Popular form of a Dairy Blend
The Global Dairy Blends Market is classified into powder, spreadable and liquid. Amongst the variants, the powdered dairy blend is the most popular form of a dairy blend. Since the powder is produced usually by spray-drying milk, it holds all the nutritional values as natural cow's milk. The powder form is primarily used in making baby food products or infant formulations. The powdered dairy blend also works as a sweetener and stabilizer in ice cream and yoghurts. Besides, it is easy to store and has a more prolonged shelf life owing to its dry form.
Moreover, spreadable dairy blends are increasingly becoming popular and are expected to witness growth during the forecasted period. Spreadable dairy blends are made using vegetable oils that eliminate the risk of heart diseases. The primary factor contributing to the development of spreadable dairy blends is that it serves as a low-fat alternative to butter and margarine, addressing it healthy for consumption. Spreadable dairy blends are used with cocoa, vanilla, and various other flavours for taste preferences. Hence, such products are utilized as toppings in salad dressings, frozen custards, and ice creams.
Dairy Blends Market Response to COVID-19 Pandemic
A global impact on foodservice in 2020 positively affected the dairy blends industry growth. A potential shift from meat-based to dairy-based protein owns bode well for the industry scope. Additionally, the pandemic has made people more aware of the need to adopt healthy diets. A more substantial than expected rise in retail sales in the U.S. and European countries and milk production will foster dairy blends market value over 2020-2027. the study suggests that the Global Dairy Blends Industry is expected to grow with a CAGR of 5.27% from 2020-2027.
By Application - Infant Formula has the Largest Market Share
Global Dairy Blends Market revolves around Bakery, Ice-cream and Infant Formula. Infant formula accounted for the largest market share. An escalation in the number of working women in the corporate environment globally has driven a surge in the consumption of infant formulas as it lessens the preparation time required to cook baby food.
Further, Bakery products account for a significant market share. Powder and spreadable blends both are utilized in bread making and cakes. Numerous cake toppings are made by mixing various flavours with these blends. Those blends serve as excellent substitutes for traditional milk and butter due to significant innovation in the manufacturing of bakery products to cater to the health-conscious population's demand.
Based on Type
The market inculcates dairy mixtures, dairy/non-dairy ingredients, dairy as functional and dairy as a carrier. Non-dairy ingredients witnesses increased demand from infant formulas, confectionaries and ice cream. These ingredients further enable manufacturers to improve the nutritional and sensory profile of the products, stimulating dairy blend industry trends. As per the research findings, Worldwide Dairy Blends Market Size was valued at US$ 3.17 Billion in 2020.
Regional Analysis - China drives the Asia Pacific Dairy Blends Market
By Region, the Global Dairy Blends Market is classified into North America, Europe and the Asia Pacific. In the Asia Pacific, most of the demand for dairy blends is driven by China. Additionally, major global providers of dairy products are situated in Australia and New Zealand. In addition, as per the analysis, North America accounted for a significant market share in 2020. Increasing consumption of dairy products in North America is driving the market for dairy blends.
The dairy blends market is profoundly competitive in nature with the occupancy of numerous domestic and global performers. Private-label brands have been gaining a competitive edge in terms of products differentiation and cost-efficient explications. The market analysed is dominated by players, such as Cargill Foods, Kerry Foods, Archer Daniels Midland and Tate & Lyle.
This latest report “Global Dairy Blends Market, Global Forecast By Type (Dairy Mixtures, Dairy/Non-dairy ingredient, Dairy as Functional and Dairy as Carrier), By Application (Bakery, Ice-cream, Infant Formula and Others, By Product (Powder, Spreadable and Liquid), By Region (North America, Europe and Asia Pacific), Company Analysis (Cargill Foods, Kerry Foods, Archer Daniels Midland and Tate & Lyle)” provides a detailed analysis of Global Dairy Blends Industry.
Type - Global Dairy Blends Market has been covered from 4 viewpoints:
1. Dairy Mixtures
2. Dairy/Non-dairy ingredient
3. Dairy as Functional
4. Dairy as Carrier
Application - Global Dairy Blends Market has been covered from 4 viewpoints:
1. Bakery
2. Ice-cream
3. Infant Formula
4. Others
Product - Global Dairy Blends Markethas been covered from 3 viewpoints:
1. Powder
2. Spreadable
3. Liquid
Region - Global Dairy Blends Markethas been covered from 3 viewpoints:
1. North America
2. Europe
3. Asia Pacific
Key Players have been covered from 3 viewpoints:
1. Overview
2. Recent Developments
3. Sales
Company Analysis:
1. Cargill Foods
2. Kerry Foods
3. Archer Daniels Midland
4. Tate & Lyle
Table of Contents
Companies Mentioned
- Cargill Foods
- Kerry Foods
- Archer Daniels Midland
- Tate & Lyle
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | September 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 3.17 Billion |
| Forecasted Market Value ( USD | $ 4.54 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
