According to a new market report by Lucintel, the future of the dairy blend market looks promising with opportunities in the food and beverage industries. The dairy blend market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are health benefits, cost effectiveness, and rising demand for convenience foods.
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In this market, dairy mixtures, dairy/non-dairy ingredient, functional ingredient, are used in food products for maintaining the quality, flavor, and taste. Dairy/non-dairy ingredient is the largest segment due to increasing wide range of applications such as infant formula, dairy formulations, bakery, other dairy products, nutritional bars/nutritional formula, cocoa, and confectionery.
Spreadable, powder, and liquid are the major forms of the dairy blend market. Spreadable form is the largest segment because it is widely used as a substitute for butter and margarine.
North America is the largest market over the forecast period due to excessive consumption of processed spreads, dressings for sandwiches, salads, and meats.
Fonterra Co-Operative Group Limited, Cargill, Kerry Group, Royal Frieslandcampina, Agropur Ingredients, Döhler Group, Intermix Australia, Advanced Food Products, Galloway Company, and Cape Food Ingredients are among the major manufacturers of the dairy blend market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the dairy blend market by product, form, application, and region. Lucintel has prepared a comprehensive research report titled "Dairy Blend Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the dairy blend market by ingredient, form, application, and region as follows:
By Ingredient Type [$M shipment analysis for 2013 – 2024]:
Dairy Mixtures
Dairy/Non-Dairy Ingredient
Dairy as Functional Ingredient
Dairy as Carrier
Others
By Form [$M shipment analysis for 2013 – 2024]:
By Application [$M shipment analysis for 2013 – 2024]:
Ice cream
Yogurt
Infant formula
Bakery
Feed
Butter and Cheese Spreadable Blends
Beverages
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/dairy-blend-market.aspx or helpdesk@lucintel.com.
About Lucintel
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