The dairy blends market is projected to reach USD 3.56 Billion by 2022, at a CAGR of 8.1% from 2016. Dairy blends have a significant impact on food products, in terms of maintaining the quality, flavor, and taste, which has led to its high-demand across the globe.

The years considered for the study are as follows:

Base year � 2015

Estimated year � 2016

Projected year � 2022

Forecast period � 2016 to 2022

Objectives of the study include:

To define, segment, and project the size of the global market for dairy blends on the basis of type, application, form, and region

on the basis of type, application, form, and region To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the total market

To analyze opportunities in the market for stakeholders and provide details of the competitive landscape of market leaders

To project the size of the market and its submarkets, in terms of value and volume, with respect to the four main regions (along with their respective key countries): North America, Europe, Asia-Pacific, and Rest of the World (RoW)

To strategically profile key players and comprehensively analyze their core competencies

To analyze competitive developments such as acquisitions, expansions, joint ventures, and research & developments in the market

This report includes the estimation of market sizes in terms of value (USD million) and volume (KT). Both top-down and bottom-up approaches have been used to estimate and validate the size of the dairy blends market and various other dependent submarkets. Key players in the market have been identified through secondary sources such as company financials magazines, journals such as Bloomberg Businessweek and, press releases, paid databases; their market shares in their respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

Key players in the dairy blends market are Fonterra Co-operative Group Ltd. (New Zealand), Doehler Group (Germany), Agropur ingredients (Canada), Royal FrieslandCampina N.V. ( Netherlands), and Kerry Group (Ireland), Maximum value addition of a product in the global dairy blends industry is observed in the product manufacturing stage. Value addition in the marketing and sales stages varies based on key players, addressable markets, manufacturing units, and end consumers. Key companies that offer dairy blends mainly invest in expansions through acquisitions and the development of new facilities.

Target Audience:

Government and research organizations

Dairy blends associations and industrial bodies

Dairy associations

Raw material suppliers and distributors

Dairy blends traders, distributors, and dealers

Dairy blends manufacturers

Research and consulting firms

�The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.�

Scope of the Report

This research report categorizes the dairy blends market on the basis of type, application, form, and region.

Based on Type, the market has been segmented as follows:

Dairy Mixtures

Dairy/Non-dairy ingredients

Dairy as functional ingredient

Dairy as carrier

Others (combinations, dairy/protein derivatives, and dairy/non-dairy fat component)

Based on Form, the market has been segmented as follows:

Spreadable

Powder

Liquid

Based on Application, the market has been segmented as follows:

Ice cream

Yogurt

Infant formula

Bakery

Feed

Butter & cheese spreadable blends

Beverages

Others (cocoa preparations, chocolate, and confectionery)

Based on Region, the market has been segmented as follows:

North America

Europe

Asia-Pacific

RoW (Argentina, Egypt, Chile, and other Middle Eastern countries)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

Further breakdown of the Rest of Europe dairy blends market into Sweden, Poland, Norway, and the Netherlands

Further breakdown of the Rest of Asia-Pacific dairy blends market into Indonesia and Vietnam

Further breakdown of the RoW dairy blends market into Africa and the Middle East

Company Information

Detailed analysis and profiling of additional market players (up to three)

The dairy blends market is projected to reach USD 3.56 Billion by 2022, at a CAGR of 8.1% from 2016. The growth in demand for low-fat spreadables is the main driving factor of this market.

The market, based on type, has been segmented into dairy mixtures, dairy/non-dairy ingredients, dairy as functional ingredient, dairy as carrier, and others. Dairy/non-dairy ingredients accounted for a largest market share in 2015. This type has a wide range of applications in different industries such as infant formula, dairy formulations, bakery, other dairy products, nutritional bars/nutritional formula, cocoa, and confectionery.

The dairy blends market, based on application, has been segmented into ice cream, yogurt, infant formula, bakery, feed, butter & cheese blends, beverages, and others. The bakery segment accounted for the largest share of the market in 2015. Increase in health-consciousness, is fueling the demand for low-calorie bakery products among consumers. This is expected to drive the market for dairy blends as functional ingredients in this particular segment. Dairy blends are cost-effective alternatives to butter, with lower fat content, and do not have the negative impact on the taste of the products like margarine does. Hence, their demand in the bakery industry as a replacement for these two ingredients is increasing.

The market, based on form, has been segmented into spreadable, liquid, and powder. The spreadable segment accounted for the largest share in 2015. The spreadable form is widely used as a substitute for butter and margarine, the demand for which was discussed above. This form has many applications in industries such as bakery, yogurt, ice cream, cheese & butter blends, infant formula, and feed. These factors are increasing the demand for this form of dairy blends.

The dairy blends market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Key drivers for the growth of this market include increase in disposable income, growth in demand from developing and populous countries such as China, Japan, South Korea, and India, and the presence of a large-scale dairy sector in Australia & New Zealand.

Despite numerous advantages of dairy blends, consumers are reluctant to use them over traditional dairy products. In few developed as well as developing markets, food & beverage manufacturers prefer to use butter, margarine, and other conventional dairy products instead of dairy blends. Concerns among food and beverage manufacturers towards dairy blends that they deteriorate the taste of food products is one of the challenge for the market.

The market is characterized by high competition due to the presence of a number of large and small-scale firms. Acquisitions and expansions were the key strategies adopted by these players to ensure their growth in the market during 2011 to 2016. The market was dominated by players such as Fonterra Co-operative Group Ltd. (New Zealand), Doehler Group (Germany), Agropur ingredients (Canada), Royal FrieslandCampina N.V. ( Netherlands), and Kerry Group (Ireland).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst