The dairy blends market is anticipated to thrive at a steady CAGR of 7.7% during the forecast period. The market holds a share of USD 2.4 Million in 2023 while expecting revenue of USD 5.1 Billion by 2033.
The research report on the dairy blends market states that the implementation of dairy blends in food experiments is a new trend for the market. However, the dairy blend is generally used in baby food, bakery, and ice creams. It enriches food items with their emulsifying and condensing properties, making them tasty and presentable.
The rapidly growing FMCG industry, with new developments and a rising number of restaurants, is expected to have a positive impact on the dairy blend market. The new desserts in the market involve the application of dairy blends, enriching the taste and representation of foods, and flourishing the sales of dairy blends.
The dairy blends market outlook explains that the increasing number of food processing and confectioneries are consuming a large portion of dairy blends as the bakery good use a lot of dairy blends in their preparation.
The multi-application of dairy blends, from being used as a baby formula to industrial food use, is expected to make the market thrive at a steady growth rate during the forecast period.
Newly introduced liquid dairy blends are majorly used on bread as a topping or spread and can be further mixed with sweet or spicy toppings. That’s the main reason behind the higher sales of the regular type of dairy blends, as they can easily be integrated with different herbs and spices, fueling the overall demand for dairy blends.
| Attributes | Details |
|---|---|
| Dairy Blends Market CAGR (2023 to 2033) | 7.7% |
| Dairy Blends Market Size (2023) | USD 2.4 billion |
| Dairy Blends Market Size (2033) | USD 5.1 billion |
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Short-term Growth: The market at its early stages have fueled by factors such as FMCG consumption, baked items, and new food experiments. Previously, the market thrived at a CAGR of 7.0% between 2017 and 2022
Mid-term Growth: Dairy blends market thrived at a steady rate during the mid-term growth. The emerging economies growing at a healthy rate contributed a good share in the midterm growth.
Long-term Growth: The formulation of Keto-Mixes uses carefully chosen raw components with the goal of enhancing fiber digestion and rumen health. The keto-Mix line was created specifically for usage in conditions where butterfat needs to be enhanced or preserved. These trends belong to the upcoming and long-term growth pattern. According to FMI’s analysis, dairy blend market sales are projected to grow at a 7.7% CAGR between 2021 and 2031.
Dairy blends are in high demand across diverse sectors, among which the bakery segment has emerged as a key end-user. Dairy blends, in the form of both spreadable blends and powder, are often used in making cakes and bread. These blends are often used to make cake toppings of different flavors. Dairy plus milk blends have emerged as excellent substitutes to milk and butter, traditionally used as a key ingredient across bakeries.
Dairy blends are used in applications like ice cream, bakeries, confectioneries, ready-to-eat foods, and infant formulas. Dairy as a carrier is widely prevalent in food processing. The use of dairy blends as an absolute and real taste enhancer to food products is widely prevalent.
Blending dairy blends with some other sources of protein provides many nutritional benefits to consumers. In addition to this, the need to cater to health-conscious consumers will impel companies in the bakery sector to opt for dairy blends.
Principal Consultant
The dairy blends market is likely to receive an upswing with the high consumption of spreadable dairy blends that are becoming increasingly popular with consumers. Key contributing factors are its ability to be used as a low-fat alternative to butter and margarine. Dairy blends’ popularity also hinges on their exquisite and intrinsic flavor attributes.
Popular variants are vanilla and cocoa, which are relished as ice creams, toppings, and custards. Demand for dairy blends is also being upheld with high consumption among heart patients and the geriatric pool of the population.
The market for dairy blends is receiving tailwinds with leading market players innovating with different flavors. Attractive packaging and aggressive marketing strategies will continue to be key consumer touchpoints for dairy blend manufacturers.
With the landscape rife with opportunities, the dairy blends market is rapidly moving towards fragmentation from past consolidation. Another trend proliferating in the dairy blends market is that of the enhancement of food products with fortification. This trend is enabling manufacturers to garner a larger market share.
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Powder dairy blends are widely used for various functions like enhancing taste, emulsifying, dispersion, and thickening. Powder dairy blends are a good example of dairy as a carrier in the food processing industry. There is a presence of maltodextrin in the powder dairy blends, which removes a peculiar smell, stabilizes nutrients, and improves the quality.
Powder dairy blends do not contain any butter, so they are preferred by consumers with an aversion to fat content. These powder dairy blends have a good shelf life and can be refrigerated and stored.
Rising urbanization and hectic lifestyle as its most significant by-product have had a considerable impact on the dairy blends market. A busier lifestyle has made it more difficult for both men and women to cook food at home, truer in the case of working moms who are pressed for time managing both work and baby.
Dairy blends have emerged as a preferred alternative to traditional baby foods such as porridge or rice. They reduce the overall time taken to cook and contain essential nutrients required to promote healthy growth in the baby. These are crucial factors encouraging growth in the dairy blend market.
| Region | Absolute Market Growth |
|---|---|
| USA | 688.1 Million |
| UK | 203.4 Million |
| China | 254.8 Million |
| Japan | 120.5 Million |
| South Korea | 81.8 Million |
Regionally, the global dairy blends market covers North America, Latin America, Europe, APEJ, Japan, Oceania, the Middle East, and Africa. Among these regions, North America currently leads the market, and increasing consumption of dairy products will support the growth of the dairy blends market here.
In addition to this, the demand for dairy blends is expected to remain high in the Asia Pacific due to rising demand in China. The presence of leading Australian dairy blends manufacturers and those in New Zealand will support this growth.
New Expanding FMCG Industry along with the Presence of Dairy Blend Giants propels the Growth.
| Region | Attributes |
|---|---|
| USA Market CAGR (2023 to 2033) | 7.5% |
| USA Market Absolute Doller Growth (USD Million/Billion) | USD 688.1 million |
The USA is expected to dominate the dairy blend market during the forecast period, with the biggest anticipated value of USD 1.3 million by 2033.
New investors setting up bakery start-ups with dessert experiments, along with social media food trends, have made confectionery a big industry in the region. Thus, the application of dairy blends is increasing with multi-application. The market thrives at a lower CAGR of 6.9% between 2017 and 2022.
The increased demand for Dairy Products in the region is expected to Propel the Growth
| Region | Attributes |
|---|---|
| UK Market CAGR (2023 to 2033) | 11.5% |
| UK Market Absolute Doller Growth (USD Million/Billion) | 203.4 Million |
In the UK, the dairy blends market is projected to grow at the fastest CAGR of 11.5% between 2023 and 2033, supported by an increasing number of bakeries as Europe holds the space for old bakeries.
The reconditioning of these bakeries with experiments with bakery food items is likely to expand the market at the highest rate, expecting revenue of USD 306.8 Million by 2033. The market flourished at a CAGR of 10.9% between 2017 and 2022.
Higher Investment in the FMCG and Bakery Industry has Fueled the Demand for Dairy Blends.
| Region | Attributes |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 8.2% |
| Chinese Market Absolute Doller Growth (USD Million/Billion) | 254.8 Million |
Restoration of the FMCG industry, along with a higher investment through private entities, are likely to fuel the demand for dairy blends in the market. Furthermore, the travel and tourism industry is also expanding the food culture. Globalization and the transformation of eating practices have affected China the most as it has played a major role in free world trade and tourism. The Chinese market is expected to hold a share of USD 465.9 Million by 2033.
| Segment | Top Flavor |
|---|---|
| Top Sub-segment | Regular |
| CAGR (2017 to 2022) | 6.6% |
| CAGR (2023 to 2033) | 7.2% |
| Segment | Top Form |
|---|---|
| Top Sub-segment | Powder |
| CAGR (2017 to 2022) | 6.6% |
| CAGR (2023 to 2033) | 7.4% |
Based on the flavor, regular dairy blends are expected to register a CAGR of 7.2% over the forecast period from 2023 to 2033. The customization of the manual dairy blends can be used according to the applications such as bakery items, baby foods, etc. The higher consistency and its use of sugar and spice are likely to expand the market size. Previously, the segment thrived at a CAGR of 6.6% between 2017 and 2022.
Based on form, the powder segment is likely to fuel at a CAGR of 7.4% between 2023 and 2033. There is an increase in the demand for power dairy blends among residential and commercial applications is common. Furthermore, the enhanced effectiveness of powder form dairy blend with different liquids also makes it the first choice for the end user.
The Dairy Blends market is moving from a consolidated market dominated by big firms like Fonterra Group(New Zealand) to a fragmented one, thanks to consistent innovation, Research and Development, and support from government agencies to regional producers. The key players also perform actions such as acquisition, merger, and partnership to increase their distribution channels and enhance their supply chain.
Latest Developments:
The dairy blends market is estimated to be worth USD 2.4 million in 2023.
The dairy blends market is expected to have a CAGR of 7.7% by 2033.
The dairy blends market expanded at 7.0% CAGR in the last five years, from 2017 to 2022.
China accounted for 8.2% CAGR in the global Dairy blends market by 2033.
1. Executive Summary | Dairy Blends Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Flavour 5.1. Regular 5.2. Flavoured 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form 6.1. Spreadable 6.2. Powder 6.3. Liquid 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 7.1. Infant Formula 7.2. Ice Cream 7.3. Bakery 7.4. Confectionery 7.5. Butter & Cheese 7.6. Beverages 7.7. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. B2B 8.2. B2C 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Abbott Nutrition 19.2. Cape Food Ingredients 19.3. Hormel Specialty Products 19.4. All American Foods 19.5. Cargill 19.6. Fonterra Co-operative Group Ltd. 19.7. Doehler Group 19.8. Agropur Ingredients 19.9. Royal FrieslandCampina N.V. 19.10. Kerry Group 20. Assumptions & Acronyms Used 21. Research Methodology
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Dairy Blends Market
