(Food-Beverage-News.Com, September 19, 2018 ) According to Verified Market Intelligence, the global dairy blends market was valued at USD 2.27 billion in 2016 and is projected to reach USD 4.46 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
Dairy blends are defined as the dairy products that are produced by blending or mixing two forms of dairy mixtures such as concentrated cream or butter blended with vegetable oils. Dairy blends are preferred over the dairy products due to its advantages such as low cost, easily spreadable many health benefits. Different dairy blends can be produced depending on the ingredients used for blending such as sugar, salt, vegetable oil, flavors. It can also provide nutritional value to consumers by using a source of protein for blending with the dairy products. Some example of dairy blends is butter with cocoa powder, butter oils with vegetable fats and butter with sugar and many more.
The high cost of traditional dairy products and health benefits associated with dairy blends has been driving global dairy blends market. While low consumer awareness might hinder the overall growth at a global level.
Competitive Landscape:
The major players in the market are as follows:
Cargill Inc. Fonterra Co-operative Group Ltd. Kerry Group Cape Food Ingredients Dohler Group Royal Frieslandcampina NV Galloway Company Intermix Australia Pvt. Ltd. Agropur Ingredients Advanced Food Products LLC
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