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Description
Dairy Blends Market size is valued at USD 3,834.2 million in 2021 and is expected to grow at a CAGR of 8.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Dairy Blends market, and that can be segmented by type, by form, by application, and by Distribution channel. By type, the Dairy Blends market has been segmented into Dairy Mixtures, Dairy as Carrier, Dairy as Functional Ingredient, Dairy/Non-Dairy Ingredients, and Others. The Dairy as Carrier segment is likely to be the significant growing segment in terms of type. Based on Form, the Dairy Blends market is segmented into Powder, Liquid, and Spreadable. Among these, the powder segment is expected to have the fastest-growing market during the forecast period 2022-2028. The powder form is mainly used in producing infant formulations or baby food products. It also functions as a sweetener and stabilizer in yogurts and ice cream. Furthermore, it is easy to stock and has an extended shelf life due to its dry form. Since the powder is made frequently by spray-drying milk, it comprises all the nutritional values that is present in regular cow’s milk. These factors are expected to drive the segment. Based on application, the Dairy Blends market is segmented into Bakery & Confectionaries, Ready-Cooked Dishes, Infant Formula, Dairy products, Sports & health foods, and Others. Among these, the Bakery & Confectionaries segment is expected to have the fastest-growing market during the forecast period 2022-2028. Spreadable blends and powder are both used in cakes and bread making. Numerous cake toppings are made by combining several kinds of flavors into these blends. These blends aid as excellent substitutes for butter and traditional milk due to important innovations in the production of bakery products to fulfill the demand of the health-conscious populace. Moreover, manufacturers offer customized dairy blends that have various nutritional values according to the preference of the consumer. This is expected to increase the product demand in the bakery segment. Based on the Distribution channel, the Dairy Blends market is segmented into Supermarkets & Hypermarkets, Online stores, and Others. The Supermarkets & Hypermarkets segment is expected to have a significant share in 2021.
Key Developments:
In February 2021, IFF to merged with DuPont’s Nutrition & Biosciences Business to expand its product portfolios
In September 2021, Arla Foods Ingredients launched Lacprodan premium ALPHA-10, a dry-blend protein element that can be valuable for infant formula producers
