Global Dairy Blends Market
The global Dairy Blends market was valued at USD 2.27 billion in 2016 and is projected to reach USD 4.46 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
The growing prices of traditional dairy products has led to manufacturers developing dairy blends. The rising health consciousness and lactose intolerance among the population is expected to boost demand for dairy blends. The growing market fat and lactose free products is expected to have a positive impact on market demand.
1. Market Drivers
1.1 High cost of traditional dairy products
1.2 Health benefits associated with dairy blends
2. Market Restraints
2.1 Low consumer awareness
The global Dairy Blends market is segmented on the type, application, form, and region.
1. By Type:
1.1 Dairy as Carrier
1.2 Dairy Mixture
1.3 Dairy/Non-Dairy Ingredient
1.4 Dairy as Functional Ingredient
2. By Application:
2.2 Ice Cream
2.6 Butter and Cheese Spreads
2.7 Infant Formulations
3. By Form:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Cargill Inc.
2. Fonterra Co-operative Group Ltd.
3. Kerry Group
4. Cape Food Ingredients
5. Dohler Group
6. Royal Frieslandcampina NV
7. Galloway Company
8. Intermix Australia Pvt. Ltd.
9. Agropur Ingredients
10. Advanced Food Products LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Dairy Blends market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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