Global
Dairy Blends Market: Overview
Dairy
blends have occupied a significant position due to its associated
product benefits. By form the market has been categorized into powder
and liquid, and by application the market has been segmented into
infant formula, bakery, beverage, butter and cheese blends,
pharmaceutical lactose, ice cream, butter and cheese blends and
others which include yogurt, dairy feeds.
Previously
milk was considered as one of the nutritious food as it contains
macronutrients which includes (protein, fat, lactose) micronutrients
and vitamins which includes minerals for consumption purposes. But
there arises limitations of dairy products such as lactose
intolerance, cholesterol, saturated fat, allergic symptoms which has
thus resulted to inclination towards dairy blends products in recent
years. In spite of remarkable increase in the production of milk it
still remains out of reach from the vulnerable groups of weaker
sections due to its rising price.
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Global
Dairy Blends Market: Drivers and Trends
The
market for dairy blends is seen to be growing at a magnifying pace
across all geographical regions across the globe. Globally, the
market is expanding at a magnifying rate, majorly driven by health
benefits associated with dairy blends products, high prices of
traditional dairy products, rising demand for convenience foods.
Health as considered as a macroeconomic phenomenon it is seen that
benefits derived from dairy blends products are properly spread among
all sections of the population. Asia Pacific is showing the fastest
growth due to its growing demand from emerging economies like China,
India, Japan and also due to the presence of large number of dairy
farms present in Australia.
Recent
survey shows 90% of the population is inclined toward convenience
foods and 25% use more time-saving convenience foods these days than
in the year 2001. From recent survey it has also been observed that
61% of the respondents indicated that reduced time and effort has
become the primary reason for the shift toward consumption of
convenience foods. Dairy blends are categorized as convenience foods
and this is boosting the market of such products.
However
it has also been seen that proper nutrition and an adequate diet are
crucial to human health and these factors drive the dairy
blends market. Taking care of one’s health and protection from
infectious diseases are pre-requisites for health. It is seen that
consumption of dairy blends provides health benefits, thus ensuring
improvement in global nutrition requirement of children and
improvement in family diets.
Global
Dairy Blends Market: Restraints
Moreover
the major restraint of dairy blends is that some percentage of
population is still unaware about the useful benefits of dairy blend
products. Gastrointestinal problems, diabetes, and obesity are
resolved to an extent by the consumption of dairy blends. However,
these useful benefits are yet to be understood by large sections of
the population globally. Thus, this reason is acting as a restraint
for the dairy blends products market
Global
Dairy Blends Market: Regional Outlook
Moreover,
in this report the study provides different countries included in
different regions such as North America, Europe, Asia Pacific, Latin
America and Middle East and Africa. North America includes the U.S.
and Rest of North America. Europe includes U.K., Germany, France,
Russia, Italy and Rest of Europe. Asia Pacific includes countries
such as India, China, Japan and Rest of Asia Pacific. In addition,
Middle East and Africa includes country such as UAE, South Africa and
Rest of Middle East and Africa. Latin America comprise of countries
such as Brazil and Rest of Latin America. Geographically, Asia
Pacific dairy blends market is experiencing the fastest growth from
2016 to 2024 in global dairy blends market.
Key
Players Mentioned in the Report are:
In
order grab a better picture of the global dairy blends market, a key
trends analysis has been included in the scope of the report. The
leading players in the market include Kerry group(Tralee, Ireland),
Cargill Inc. (Wayzata, Minnesota, United States), Agropour
Ingredients(Qubec, Canada) Fonterra Co-Operative Limited(Auckland,
New Zealand) Agropour Ingredients (Qubec,Canada) Royal Friesland
campina N.V.(Amersfoort, Netherlands) Dohler Group(Germany), Intermix
Australia Pty Limited(96 Harburg Drive Beenleigh Queensland 4207
Australia), Advanced Food Products LLC(402 South Custer Avenue New
Holland, PA 17557 United States), Galloway Company Inc.(United
States), Cape Food Ingredients(Argentina) among others.
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