Dairy Blends Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2169
Dairy Blends Market size will grow at a notable rate over 2021-2027 with increasing penetration of dairy as a functional ingredient. Dairy blends are increasingly used in applications like ice cream, bakery, confectioneries and infant formulas.
Dairy blends are used with other ingredients such as sugar, cocoa powder, butter, vegetable fats and dextrin. These ingredients are dairy mixtures made from butter blends and mixed with vegetable oils. Their usage provides real taste enhancement and have found considerable popularity for infant formulas and baby food.
Based on type of dairy blend, the non-milk based ingredient segment will gain substantial traction for enhancing the functional attributes of the final product. Non-dairy ingredients will witness increased demand from infant formulas, confectionaries and ice cream. These ingredients enable manufacturers to improve the nutritional and sensory profile of the products, stimulating dairy blend industry trends.
Dairy blends market growth from the powder form segment is poised to grow at robust CAGR through 2027. Powder dairy blends are sought for providing properties like better dispersion, emulsifying, thickening and taste. Some of the attributes such as less fat content as compared to butter and margarine will boost the adoption of powder dairy blends globally. An upsurge in the demand for confectionery products, bakery products and beverages will propel the segment growth.
With respect to application, the infant formula will be a major segment for dairy blend suppliers for the next few years. The utilization of non-dairy ingredients and a surge in the women workforce have fared well for dairy blends market forecast. The trend for customization in the nutritional profile will be pronounced with major companies expanding their penetration in baby food across developing economies.
On the regional front, Europe dairy blends market share will be notable with increased demand for bakery products and ice creams. Countries such as France, Italy, Germany and Netherlands will exhibit consistent sales of infant and baby products, following the rise in the women population working in corporate worlds.
Asia Pacific will remain a lucrative market for dairy blend suppliers following the presence of leading companies in Australia, New Zealand, China and India. These countries have also been at the forefront of milk production. According to a report published by the U.S. Department of Agriculture, milk production in New Zealand could surpass 22 million metric tons in 2021. Dairy companies are poised to diversify the milk portfolio and emphasize toward infant milk formula.
Key vendors in the global dairy blends market are Abbott Nutrition, Cargill, Agropour Ingredients, Friesland Capina, All American Foods, Hormel Specialty Products, Lactopur, AgriMark Inc., Advanced Food Products and Anchor, among others. Several companies are expected to boost the nutritional profile through innovation, R&D investments, mergers and collaboration. Abbott, for instance, rolled out the first infant formula in Canada in November 2020 with an ingredient similar to an immune component in breast milk.
Dairy blends market response to COVID-19 pandemic
A global impact on food service in 2020 slightly influenced the dairy blends industry growth. Industries, including bakery and ice cream have been hit with regard to production, due to a supply chain disruption. The COVID-19 pandemic pushed many large U.S. dairy companies to the brink of closure, prompting the government to launch bailout plans. For instance, Trump Administration had announced a bailout plan of USD 15.5 billion for the U.S. dairy industry in April 2020.
A potential shift from meat-based to dairy based protein has boded well for the industry outlook. Besides, the pandemic has made people more aware of the need to adopt healthy diets. A stronger than expected lift in retail sales in the U.S. and European countries and a rise in milk production will foster dairy blends market value over 2021-2027.
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