Categories: Market Research

Dairy Blends Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Dairy blend refers to a product made by combining milk fat in the form of cream with edible vegetable oil or oils, salt, and water, the resulting mixture being a solid or semi-solid emulsion, and the product. These can be excellent substitutes for milk powders.

Sizing and Forecast
The dairy blends market size has grown strongly in recent years. It will grow from $3.67 billion in 2023 to $3.96 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to changing consumer preferences, cost efficiency, improved shelf stability, globalization of food industry, functional and nutritional enhancements..

The dairy blends market size is expected to see strong growth in the next few years. It will grow to $5.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to supply chain enhancements, emerging market demand, diverse food applications.. Major trends in the forecast period include regional and ethnic variations, packaging innovation, transparency and traceability, culinary innovation and applications, allergen-free options, marketing strategies, product innovation..

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Segmentation & Regional Insights
The dairy blends market covered in this report is segmented –

1) By Type: Dairy Mixture, Dairy/Non Dairy Ingredients, Dairy As A Functional Ingredient, Dairy As A Carrier
2) By Form: Spreadable, Liquid, Powder
3) By Flavor: Regular, Flavoured
4) By Distribution Channel: B2B, B2C
5) By Application: Ice Cream And Frozen Desserts, Sweet And Savory Snacks, Bakery And Confectionery, Infant Nutrition And Baby Food, Beverages, Meat, Seafood, Dietary Supplements

Asia-Pacific was the largest region in the dairy blends market share in 2023. The regions covered in the dairy blends market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in milk production used for various dairy products is expected to propel the dairy blend market going forward. Milk production refers to the milk produced for various milk products or dairy products. Consumers are showing interest in dairy products as they are conscious of their health. Milk is a source of rich protein and is therefore used in the preparation of various dairy blends. As a result, an increase in milk production increases the demand for the dairy blend market. For instance, In February 2022, according to a U.S.-based agency, U.S. 2021 milk production totaled 226.3 billion pounds, representing an increase of 2.9 billion pounds over 2020. Therefore, the increased milk production used for various dairy products is driving the dairy blend market.

Key Industry Players
Major companies operating in the dairy blends market report are Cape Food Ingredients West Africa Ltd., All American Foods Inc., Cargill Incorporated, Fonterra Co-operative Group Limited, Kerry Group plc, Royal FrieslandCampina NV, Döhler Inc., Agropur Ingredients LLC, Advanced Food Products LLC, Glanbia plc, Galloway Company Inc., Interfood Holding B.V., Intermix Australia Pty Ltd., Ace International LLP, Dairy Farmers of America Inc., Danone SA, Nestlé SA, Dean Foods Company, Land O’Lakes Inc., Archer Daniels Midland Company (ADM), Batory Foods, Bunge Limited, Foremost Farms USA Cooperative, Idaho Milk Products Inc., Lactalis Ingredients SA, Leprino Foods Company, MCT Dairies Inc., Milk Specialties Global Co., Pacific Dairy Ingredients Inc., Westland Co-operative Dairy Company Limited

The dairy blends market report table of contents includes:

1. Executive Summary

2. Dairy Blends Market Characteristics

3. Dairy Blends Market Trends And Strategies

4. Dairy Blends Market – Macro Economic Scenario

5. Global Dairy Blends Market Size and Growth

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31. Global Dairy Blends Market Competitive Benchmarking

32. Global Dairy Blends Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Dairy Blends Market

34. Dairy Blends Market Future Outlook and Potential Analysis

35. Appendix