Dairy Blends Market– Statistics And Analysis & Forecast To 2025

Posted by Mrudula Anil Karmarkar on February 15th, 2021

According to a report published by Grand View Research, the market is expected to witness significant growth due to an increase in the consumption of dairy products with high nutritional value.

According to a report, “Dairy Blends Market Size, Share & Trends Analysis Report By Product Form (Spreadable, Powder), By Application (Infant Formula, Bakery Products), By Region, And Segment Forecasts, 2019 - 2025” published by Grand View Research, Inc., the global dairy blends market size is expected to reach USD 6.1 billion by 2025, expanding at a CAGR of 7.9% over the forecast period. The market is expected to witness significant growth due to an increase in the consumption of dairy products with high nutritional value. Dairy blends are low fat and cost-effective alternatives to milk and butter. This is expected to increase market growth and drive the demand in the projected period.

Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the crisis. Presently, most companies in the industry are faced with low consumption of their products and supply chain challenges. The companies are focusing more on altering their supply chains in order to reinforce their online presence and delivery measures, in an attempt to adapt to the present business environment. The changes in consumer buying behavior and the dynamic shifts towards online and D2C distribution channels may have serious implications on the near future growth of the industry. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.

Powdered dairy blends accounted for the largest market share owing to the rapid adoption of the product in developed regions like North America and Europe. High product awareness among the population of these regions is expected to propel the market growth during the forecast period. However, the use of spreadable blends is increasing significantly. They are used in day-to-day consumption as alternatives to butter. A rise in other applications of these products such as sauces and salad toppings is expected to positively influence market growth in the next few years.

Bakery products occupied the maximum market share owing to an increase in the overall bakery market and consumer preference for healthy bakery options. However, consumption of dairy blends has witnessed significant growth in infant formulas owing to high nutritional value. This is anticipated to fuel market growth over the next few years.

Dairy Blends Market Report Highlights

1.       On the basis of product, the powder dairy-blend segment accounted for more than 50% of the global market share in 2018 owing to the use of powder dairy products in making baby food products.
2.       Spreadable dairy blends are increasingly becoming popular and are expected to witness the fastest growth with a CAGR of 8.1% from 2019 to 2025. The major factor contributing to the growth of this product is that it acts as a low-fat alternative to butter and margarine, which makes it healthy for consumption.
3.       On the application basis, the bakery application segment held the largest share of 34.3% in 2018. Powder and spreadable blends both are used in bread making and cakes.
4.       The Asia Pacific accounted for 38.0% of the global market share in 2018. The majority of the demand for dairy blends was driven by China due to the high birth rate, which increased the demand for baby food and infant formula.
5.       Increasing urbanization and high product awareness in countries like Brazil are anticipated to fuel the market growth during the forecast period.
6.       In September 2019, Live Real Farms based in Minneapolis, launched a line of blended beverage options that combine lactose-free dairy with almonds or oats — Dairy Plus Milk Blends. The objective of the company was to introduce a beverage and provide customers with more variety of milk choices.

Some of the key players operating in the market are Fonterra; Kerry; Royal FrieslandCampina N.V.; Agropur; Dohler Group; Intermix Australia Pty Ltd.; Abbott Nutrition; Johnson & Johnson; Cargill Inc.; and Cape Food Ingredients.

The global market is moving towards fragmentation due to awareness regarding the use of the products as well as its cost-effectiveness. Many major players like Fonterra, Kerry, Agropur, and Döhler are innovating varieties of blends and creating awareness by attractive packaging. Another trend adopted by major manufacturers is enhancing the nutritional content of blends by fortification. This is expected to increase market growth in the forecast period.

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Dairy Blends Market Segmentation

Grand View Research has segmented the global dairy blends market on the basis of product form, application, and region:

Dairy Blends Product Form Outlook (Revenue, USD Million, 2015 - 2025)

1. Spreadable
2. Powder
3. Liquid

Dairy Blends Application Outlook (Revenue, USD Million, 2015 - 2025)

1. Ice Cream
2. Infant Formula
3. Bakery Products
4. Other

Dairy Blends Regional Outlook (Revenue, USD Million, 2015 - 2025)

1.       North America

1.1.  The U.S.

2.       Europe

2.1.  Germany

2.2.  The U.K.

3.       Asia Pacific

3.1.  China

3.2.  India

4.       Central & South America

4.1.  Brazil

5.       Middle East & Africa

Key Players in the Dairy Blends Market

1.       Fonterra
2.       Kerry
3.       Royal Frieslandcampina N.V
4.       Agropur
5.       Dohler Group
6.       Intermix Australia Pty Ltd
7.       Abbott Nutrition
8.       Johnson & Johnson
9.       Cargill Inc
10.   Cape Food Ingredients

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com