Global Dairy Blends Market: Growing Focus on Fitness to be Core Triggering Facet, finds TMR

The leading five vendors in the global market for dairy blends held a Herculean share of 67.88% in 2015, states Transparency Market Research (TMR) in a research report. The core companies are Kerry Group, Friesland Campina, Agropur Ingredients, Doehler Group, and Fonterra Cooperative Group Ltd. These companies have successfully retained their position in the market over the last couple of years through expansion in many developing economies and expansion of the product portfolio. These vendors are anticipated to concentrate on developing healthy food products for children as they are one of the main target audiences for the market to progress.

According to a TMR analyst, “The global market for dairy blends is anticipated to rise at a 9.0% CAGR from 2016 to 2024. In 2015, the market was worth US$2.15 mn and is expected to rise to a valuation US$4.59 mn by 2024.” Based on application, the market is projected to be led by the segment of bakery owing to the rising inclination of consumers towards bakery products and confectionary goods. The segment of infant formula is also expected to gain traction over the years ahead. Region-wise, the global dairy blends market is expected to be dominated by Europe over the course of the forecast period owing to the rising awareness among consumers in the region regarding the benefits of consuming dairy products and dairy blends. The region is anticipated to account for a share of 35.91% over the forecast period.

Market Growth to be Favored owing to High Consumption of Convenient Food

The expanding accentuation on fitness and wellbeing are the essential development drivers for the worldwide dairy blends market. Adequate utilization of dairy items helps in building invulnerability and quality to battle irresistible ailments. Inferable from this very reason, several customers are deciding on incorporating dairy mixes in their ordinary eating regimens. Rising dispensable salaries, occupied ways of life, and expanding focus on healthy living are the key facets guaranteeing the incessant development of the worldwide market.

The developing number shoppers are settling on convenient food products because of the absence of time for expand suppers. The survey demonstrates that around 90% shoppers favor helpful eating alternatives, which is relied upon to support the demand for items that utilize dairy blends. A few developing markets are relied upon to offer lucrative chances to the worldwide dairy blends market in the coming years. Item development and separation are probably going to be foundations for extension for a few existing players in the coming years. Investigators envision that the interest for pastry kitchen things will stay at an unsurpassed high. In any case, the interest for newborn child recipe is anticipated to witness a noteworthy development rate as a few working moms will decide on it because of absence of time.

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Wellbeing Complications because of Dairy Products to Act as Growth Impediment

Despite the fact that the market has splendid prospects, it is probably going to endure because of a few reasons. The essential purpose behind the hindered development of the market will be because of conceivable outcomes of confusions for diabetic patients in the wake of devouring dairy blends. The same can happen in instances of patients experiencing gastrointestinal maladies alongside the ones experiencing weight. Consequently, patients with these ailments are exhorted not to shopper dairy blends, which could hamper the development of the worldwide market.

This review of the market is based on a recent report by Transparency Market Research, titled, “Dairy Blends Market (Form - Liquid, Spreadable, and Powder; Application - Infant Formula, Bakery, Beverage, Ice cream, Pharmaceutical Lactose, and Butter and Cheese Blends) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

The global dairy blends market can be segmented as follows:

Global Dairy Blends Market, by Forms

• Liquid
• Spreadable
• Powder

Global Dairy Blends Market, by Application

• Infant Formula
• Bakery
• Beverage
• Ice cream
• Pharmaceutical Lactose
• Butter and Cheese Blends
• Others

Global Dairy Blends Market: Focus toward Convenience and Nutritious Foods to Bolster Demand, notes TMR

The global dairy blends market is extremely consolidated as the top five players accounted for a combined share of 67.88% in the overall market in 2015. Transparency Market Research (TMR) notes that the leading companies—Fonterra Co-operative Group Limited, Agropur Ingredients, Doehler Group, FrieslandCampina, and Kerry Group-have dominated the market over the past few years gaining from their diverse product portfolio and consolidating their positions across various emerging economies. In the coming years, an increasing number of players exploring lucrative avenues will focus on developing nutritious foods for children, observes TMR. In addition, several companies are focusing on mergers and acquisitions to gain a competitive edge over others.

The global dairy blends market was valued at US$2.15 mn in 2015. Expanding at a CAGR of 9.0% during 2016–2024, the opportunities in the market is anticipated to be worth US$4.59 mn by the end of 2024.

Benefits of Low-Fat Diet to Drive Rapid Uptake of Dairy Blends in Europe

Based on application, the major segments are infant formula, bakery, beverages, ice cream, pharmaceutical lactose, and butter and cheese blends. Amongst the major applications, the bakery segment leads the global dairy blends market on account of soaring popularity of confectionery products, such as cocoa preparations. A substantial chunk of demand for milk-based infant formula is expected to come from working mothers, thereby bolstering the consumption of dairy blends along the forecast period. The bakery segment is poised to rise at a CAGR of 7.8% from 2016 to 2024.

The major regional markets for dairy blends market are Europe, North America, Asia Pacific, the Middle East & Africa (MEA), and Latin America. Of these, the market for dairy blends in Europe is projecin this regional market will be driven by the increased inclination of consumers toward meeting their nutritional requirement through dairy blend products. The Europe market for diary blends is projected to attain a share of 35.91% by the end of forecast period.

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Product Innovations in Dairy Blend Formulations to Unlock Exciting Opportunities

Rising disposable incomes, increased focus on health and nutrition, and the growing popularity of low-fat and low-carb foods are the key factors propelling the global dairy blends market. Hectic lifestyle, coupled with the increasing inclination toward healthy living, has led to a surge in demand for convenience foods. This is expected to boost the market over the forecast period. The proven benefit of dairy blends in combating a variety of infectious diseases has spurred the uptake among consumers of all groups.

However, the limited awareness of dairy blends and their benefits in less developed regions is a key factor hampering its demand in these regions. In addition, the indiscriminate consumption of dairy blends may cause ailments such as diabetes and various gastrointestinal problems among people, which is likely to impede the market growth to an extent. Nevertheless, the presence of vast unmet nutritional needs in several emerging markets is anticipated to offer promising opportunities to manufacturers and vendors. Furthermore, dairy blends present an opportunity to manufacturers of dairy food products introduce milk solids and milk replacers without incurring significant costs.

A large number of manufacturers in developed regions, such as Europe and North America, are focusing on product innovations and launching products with advanced formulations to attract consumers. Furthermore, advancement in blending technology is expected to open promising opportunities for diary product manufacturers.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Dairy Blends Market (Form - Liquid, Spreadable and Powder; Application - Infant Formula, Bakery, Beverage, Ice cream, Pharmaceutical Lactose, and Butter and Cheese Blends) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

The global dairy blends market is segmented based on:

Form

• Liquid
• Spreadable
• Powder

Application

• Infant Formula
• Bakery
• Beverage
• Ice cream
• Pharmaceutical Lactose
• Butter and Cheese Blends
• Others

Global Dairy Blends Market: Health Benefits a Major Driver for Growth, notes TMR

The global dairy blends market is dominated by five players, namely Doehler Group, Agropur Ingredients, Fonterra Cooperative Group Ltd., Friesland Campina, and Kerry Group. In 2015 they collectively held 67.88% share in the overall market. They have managed to retain their position by strengthening their presence in several emerging economies and expanding their product portfolio. Cargill Inc., Galloway Company Inc., Royal Friesland Campina N.V., Intermix Australia Pty Limited, Advanced Food Products LLC, and Cape Food Ingredients are other prominent players operating in the market.

As children form an important target audience for the global dairy blends market, companies should focus on developing nutritional food items for them. In addition, many companies are also taking the route of mergers and acquisitions to stay ahead of the curve. Recently, Orkla Food Ingredients (OFI), a Norway-based company acquired 100% shares of Laan Heiloo B.V., a sales and distribution company in the Netherlands. Orkla Food Ingredients holds a dominant position in the Netherlands soft-serve ice cream market and through recent acquisition, the company will have a strong footing in the gelato segment as well.

According to the TMR report, the global diary blends market is projected to be valued at around US$4.59 mn by the end of 2024 from its initial value of US$2.15 mn in 2015, and is anticipated to grow at an impressive CAGR of 9.0% during the forecast period of 2016 to 2024.

High Nutritional Value Food in Europe to Gain Prominence

Geographically, the global dairy blends market is segment into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is expected to lead the market during the forecast period due to greater consumer awareness about food with proper nutrition. Consumer preference for low-calorie and low-fat foods will drive the market in this region. Asia Pacific is another lucrative market for dairy blends due its large population base and the market is expected to grow exponentially over the forecast period.

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In terms of application, the bakery segment is known to largely contribute to the market and is projected to further grow during the forecast period due to increasing popularity of confectionary items among consumers. The infant formula application segment is also pegged to gain traction as a large number of working mothers will opt for it.

Healthy Lifestyle to Boost Demand for Dairy Blends

The global demand for dairy blends is fast gaining prominence due to high prices of traditional dairy products and growing demand for convenience foods. As more and more consumers are getting health conscious, dairy blends are proving for the unmet nutritional needs. They are known to offer health benefits and protect from infectious diseases. The market is further driven by the rising consumption of convenience foods. Busy lifestyle is drawing people towards time-saving foods, hence the demand for dairy blends is augmenting. Moreover, dairy blends can be used with other ingredients like cocoa powder, sugar, butter, dextrin and vegetable fats, thereby supplementing the market growth.

On the contrary, lack of awareness in regards to the health benefits of dairy blends is the primary factor acting as a hindrance for the market growth. Not many consumers know that gastrointestinal problems, diabetes, and obesity can be resolved to an extent with consumption of dairy blends, thus abstaining the market from developing further.

This review is based on the findings of a TMR report titled ‘Dairy Blends Market (Form - Liquid, Spreadable, and Powder; Application - Infant Formula, Bakery, Beverage, Ice cream, Pharmaceutical Lactose, and Butter and Cheese Blends) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.’

Global Dairy blends Market, by Forms

• Liquid
• Spreadable
• Powder

Global Dairy blends Market, by Application

• Infant Formula
• Bakery
• Beverage
• Ice cream
• Pharmaceutical Lactose
• Butter and Cheese Blends
• Others

Dairy Blends Market is Expected to be Worth US$4.59 mn by the end of 2024

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.

Dairy Blends Market: Emphasis on Fitness Augurs Well for Manufacturers

The top five players operating in the global dairy held a lion’s share of 67.88% in the overall market in 2015. The leading players, Fonterra Cooperative Group Ltd., Doehler Group, Agropur Ingredients, Friesland Campina, and Kerry Group, have retained their position over the past few years through expanding their product portfolio and strengthening their position in several emerging economies. “Players are expected to focus on developing nutritional food items for children as they are an important target audience for the global market,” states the lead author of this research report.

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According to the research report, the global dairy blends market is expected to be worth US$4.59 mn by the end of 2024 as compared to US$2.15 mn in 2015. During the forecast years of 2016 and 2024, the global market is likely to progress at a CAGR of 9.0%, observes Transparency Market Research.

Europe Assumes Lead in Global Market due to High Awareness about Benefits of Dairy Blends

In terms of geography, Europe is projected to lead the global market. The regional market is poised to acquire a share of 35.91% during the forecast period due to the growing awareness about consuming dairy blends amongst overall consumers in Europe. The demand for bakery products is anticipated to remain high all throughout 2016 and 2024 due to increasing inclination of consumers toward confectionary items. Owing to these reasons, the bakery segment is anticipated to rise at a CAGR of 7.8% during the forecast years.

Preference for Convenient Food Items Favors Market Growth

The increasing emphasis on fitness and health are the primary growth drivers for the global dairy blends market. It is a well-known fact that adequate consumption of dairy products helps in building immunity and strength to fight infectious diseases. Owing to this very reason, several consumers are opting for including dairy blends in their everyday diets. Rising disposable incomes, busy lifestyles, and increasing focus on living healthy are the key components ensuring the continued growth of the global market.

The research report also indicated that growing number consumers are opting for convenient food items due to lack of time for elaborate meals. Survey shows that about 90% consumers prefer convenient eating options, which is expected to boost the demand for products that use dairy blends. Several emerging markets are expected to offer lucrative opportunities to the global dairy blends market in the coming years. Product innovation and differentiation are likely to be cornerstones for expansion for several existing players in the coming years. Analysts anticipate that the demand for bakery items will remain at an all-time high. However, the demand for infant formula is projected to witness a remarkable growth rate as several working mothers will opt for it due to lack of time.

Health Complications due to Dairy Products to Act as Growth Impediment

Though the market has bright prospects, it is likely to suffer due to several reasons. The primary reason for the retarded growth of the market will be due to possibilities of complications for diabetic patients after consuming dairy blends. The same can occur in cases of patients suffering from gastrointestinal diseases along with the ones suffering from obesity. Thus, patients with these diseases are advised not to consumer dairy blends, which could hamper the growth of the global market.

This review is based on Transparency Market Research’s report, titled “Dairy Blends Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

The global dairy blends market can be segmented as follows:

Global Dairy Blends Market, by Forms

• Liquid
• Spreadable
• Powder

Global Dairy Blends Market, by Application

• Infant Formula
• Bakery
• Beverage
• Ice cream
• Pharmaceutical Lactose
• Butter and Cheese Blends
• Others