According to the report Global Dairy Blends Market published by Market Data Forecast, the global market is projected to reach USD 4.01 billion by 2021, at a CAGR of 7.78% from 2016 to 2021.
Dairy blends are dairy mixes centred on concentrated cream or butter and butter. It is prepared from butter blends which are combined with vegetable oils, or from processed butter fat which are uninhibited from saturated fat.
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One of the major advantages of dairy blend is that it is spreadable as it consists of vegetable oil and thus, can be eaten with breads. They can be mixed and combined with other ingredients like salt, vegetable oils, sugar, aroma and flavourings reliant on the taste and predilections of the users. Combination of dairy blends along with some other source of protein offers several nutritional advantages to the users.
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The growth of the global Dairy Blends market is majorly driven by factors such as growing consumer awareness, rise in demand for dairy blends in baby formula, several health benefits linked with dairy blends, and high prices of traditional dairy products. The high growth potential in developing markets and untouched regions offers new prospects for the market players. However, factors such as stringent regulations in the industry and globally declining prices of dairy products are restraining the growth of the market.
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The sustained growth of the global market for dairy blends has presented new profit prospects for the dairy marketers. The major companies dominating the global dairy blends market are Anchor, SPX Flow, Abbott Nutrition, Cape Food Ingredients, Agropur Ingredients, Hormel Specialty Products, Friesland Campina, and Cargill Inc.
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