Dairy Blends Market Research Report By Type (Dairy Mixture, Dairy/Non-Dairy Ingredients, Dairy as a Functional Ingredient, Dairy as a Carrier), By Form (Spreadable, Liquid, Powder, Others), By Application (Ice Cream and Frozen Desserts, Sweet and Savory Snacks, Bakery and Confectionery, Infant Nutrition and Baby Food, Beverages, Meat, Seafood, Dietary Supplements), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Dairy Blends Market Overview

Dairy Blends Market Size was valued at USD 3.1 billion in 2022. The Dairy Blends market industry is projected to grow from USD 3.303 Billion in 2023 to USD 4.833 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.55% during the forecast period (2023 - 2030). The growth of the working women's population throughout time, together with the rate of urbanization in China and India, has been beneficial for the economy. Many struggle to find the time to prepare infant meals because of their busy schedules. Since they require less time to prepare than traditional infant feeds like porridge and rice, dairy blends have emerged as good substitutes. They also contain several crucial nutrients that support the baby's well-being. So, the industry size will be supported in the years to come by the increased preference for diverse dairy blends, thus driving the growth of the dairy blends market. These are just a few of the market drivers that are driving the market.

  Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dairy Blends Market Trends

• The availability of various flavors in the market to propel market growth

Due to a rise in urbanization in nations like China and India, the number of working women has significantly increased in recent years. Cooking for babies has become challenging for moms due to their hectic lifestyles. Dairy blends are great substitutes for common infant feeds like rice and porridge since they take less time to prepare. Also, these products include all of the vital nutrients needed for the baby's healthy development. As a result, there is a noticeable increase in consumer preference for dairy blends, predicted to drive market growth. Thus, this factor is driving the market CAGR.

Alternatives to traditional dairy products like whole milk include dairy mixes. They are low in fat and include all the vital dairy nutrients. Due to this benefit, the product is now more popular with customers suffering from obesity and high cholesterol. This is anticipated to boost product demand, fueling market expansion over the forecast period.

Liquid dairy mixtures are used with bakery goods like bread as a topping or spread. According to the taste and selections of the consumers, these blends might be combined with salt, sugar, or flavorings. As a result, producers are concentrating on offering creative flavored dairy mixes. Over the projection period, this is anticipated to increase product demand.Thus, it is anticipated that this aspect will accelerate dairy blends market revenue globally.

Dairy Blends Market Segment Insights

Dairy Blends Type Insights

The Dairy Blends market segmentation, based on type includes, dairy mixture, dairy/non-dairy ingredients, dairy as a functional ingredient, dairy as a carrier. The dairy/non-dairy ingredients segment held the majority share in 2022 in the dairy blends market data. This is because it is used in several ways to make items that consumers love, including cheese and ice cream. Dairy ingredients today are naturally extracted rather than based on whey derivatives as they were in the past. So many important elements in milk today are also present in dairy components. Due to their use in various dairy-derived goods, dietary supplements, snacks, beverages, and newborn formula, ingredient-based dairy blends are in high demand.

Dairy Blends Form Insights

The Dairy Blends market segmentation, based on form, includes spreadable, liquid, powder, others. The powder segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The powder is mostly used to create newborn formulas or food products. In yogurt and ice cream, it serves as a stabilizer and sweetness. Due to its dry form, it is also simple to store and has a longer shelf life. Although milk is often spray-dried to create the powder, it has the same nutritional benefits as ordinary cow's milk. It is projected that these elements will propel the segment, hence contributing in the growth of the dairy blends market

Figure 1: Dairy Blends Market, by Form, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dairy Blends Application Insights

The Dairy Blends market segmentation, based on application includes, ice cream and frozen desserts, sweet and savory snacks, bakery and confectionery, infant nutrition and baby food, beverages, meat, seafood, dietary supplements. The bakery and confectionery segment held the majority share in 2022 in the dairy blends market data. Cakes and bread both use blends that are spreadable and in powder form. Adding various flavors to these blends can create many different cake tops. Due to tremendous innovation in the production of baked goods to meet the need of the health-conscious population, these blends serve as ideal alternatives to the classic milk and butter. Moreover, producers offer specialized dairy mixes with various nutritional contents based on consumer preferences. This is expected to increase product demand in the market for bakery goods.

Dairy Blends Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific Dairy Blends market accounted for USD 1.419 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. Due to the country's high birth rate and consequent rise in demand for baby food and infant formula, China accounted for most of the demand for dairy blends. Moreover, Australia and New Zealand are home to some of the world's largest dairy producers. Moreover, dairy blends are less expensive, simpler to store, and have a longer shelf life than their substitutes, like milk and butter. Throughout the projected period, this is expected to accelerate the expansion of the dairy blend market. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: DAIRY BLENDS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Dairy Blends market accounts for the second-largest market share. The average annual chocolate intake across the globe is 0.9 kilograms. Averages in European nations are noticeably higher. Germans are the biggest chocolate users in the world, consuming 11 kilograms of the stuff annually per person. With 9.7 kilograms per person, Switzerland comes in second place, followed by Estonia with 8.8 kilograms. In Europe, 5.0 kg of chocolate is consumed on average by each person. In 2020, the European chocolate market was estimated to be worth €46 billion. Moreover, UK Dairy Blends market held the largest market share, and the Germany Dairy Blends market was the fastest growing market in the region.

North America Astaxanthin Market is expected to grow at the fastest CAGR from 2022 to 2030. The rising consumption of dairy products in this area propels the market. However, the market is not anticipated to increase considerably because of the strict limitations the FAO has placed on these items. In addition, the expansion of the market in North America is anticipated to be hampered by the advent of dairy substitutes, including soy-based meals and drinks. Further, the U.S. Astaxanthin market held the largest market share, and the Canada Astaxanthin market was the fastest-growing market in the region.

Dairy Blends Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Dairy Blends market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the dairy blends industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the dairy blends industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, dairy blends industry has provided medicine with some of the most significant benefits. The Dairy Blends market major player such as Kerry Group Plc, Cargill Inc., Fonterra Co-operative, Royal Frieslandcampina N.V., AAK Foodservice

Founded in Wilmington, Delaware and headquartered in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. Established in 1865, it had the greatest revenue of any privately held company in the US. On August 7th, 2020, Cargill announced a $15 million investment in a new plant in India that would develop supplements for cattle that are allegedly more effective at increasing milk production. The facility, which can produce 35,000 tonnes of milk annually, intends to address the country's rising need for milk.

Over 9,000 New Zealand farmers hold Fonterra Co-operative Group Limited, a multinational dairy co-operative that is publicly listed in New Zealand. The business, which has an annual turnover of about $22 billion in New Zealand dollars, is responsible for almost 30% of the world's dairy exports. Fonterra Co-Operative Group Ltd purchased Ida from Connecterra on November 10th, 2021. An intelligent dairy assistant, Connecterra's Ida (Intelligent Dairy Assistant) platform combines information from proprietary collar-mounted sensors with information from internet-connected farm systems, farm machinery, and outside sources.

Key Companies in the Dairy Blends market includes

• Kerry Group Plc


• Cargill Inc.


• Fonterra Co-operative


• Royal Frieslandcampina N.V.


• AAK Foodservice


• Cape Food Ingredients


• Galloway Company


• Agropur Cooperative


• Afp Advanced Food Products LLC


• Dohler GmbH

Dairy Blends Industry Developments

April 2022: International Flavors & Fragrances Inc. and Health & Biosciences added four new cultures to their YOY MIX ViV product portfolio to meet the demands of yogurt producers. To produce high-quality products, these new cultures seek to address the issues facing producers.

February 2021: Infant formula manufacturers may find Lacprodan premium ALPHA-10, a dry-blend protein ingredient introduced by Arla Foods Ingredients, useful. This mixture contains whey protein, a vital source of amino acids from human milk.

Dairy Blends Market Segmentation

Dairy Blends Type Outlook (USD Billion, 2018-2030)

• Dairy Mixture


• Dairy/Non-Dairy Ingredients


• Dairy as a Functional Ingredient


• Dairy as a Carrier

Dairy Blends Form Outlook (USD Billion, 2018-2030)

• Spreadable


• Liquid


• Powder


• Others

Dairy Blends Application Outlook (USD Billion, 2018-2030)

• Ice Cream and Frozen Desserts


• Sweet and Savory Snacks


• Bakery and Confectionery


• Infant Nutrition and Baby Food


• Beverages


• Meat


• Seafood


• Dietary Supplements

Dairy Blends Regional Outlook (USD Billion, 2018-2030)

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America