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Albany, New York, May 03, 2019 (GLOBE NEWSWIRE) -- Dairy blends are products utilized in various culinary items such as processed foods, fast foods, and beverages. Dairy blends are mixtures based on concentrated dairy products such as cream and butter. Processed butter is used to extract saturated fat in order to make the dairy blends.
As the dairy blend is spreadable, it offers ease of consuming in numerous ways and with bread. Additionally, it can be mixed with ingredients such as salt, sugar, oils, and required flavoring agents and enhances the taste of food without altering its nutritional value. These factors encourage adoption of the blends in different domains, thus favoring growth of the dairy blends market.
According to Transparency Market Research (TMR) report, the global dairy blends market stood at US$2,853.7 Mn in 2017 and is likely to expand at a CAGR of 5.8% in the estimated period from 2017 to 2022. With this CAGR, the market is likely to grab the value of US$3,789.3 Mn by 2022-end.
The global dairy blends market features an intense competition and a fragmented vendor landscape. In order to thrive in this market, the players are increasingly offering products that have a high in nutrient percentage. Additionally, as the demand for these products is increasing considerably, numerous new players are entering the market by launching their tasty and nutritional products. This leads to an increased level of fragmentation of the market.
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Health Benefits of Diary Blends to Drive Market’s Growth
The booming packaged food industry is boosting dairy blends market. Artificially manufactured dairy blends offer several health benefits and thus received approval from government organizations and other bodies. Thus, consumers are increasingly demanding us of these blends. Additionally, fat and calories content in these blends are relatively low. Thus the growth graph for the dairy blends market is traced to be in the upward from the past few years. However, a number of sweets and confectionary manufacturers prefer traditional dairy products in order to maintain the freshness of foods. This is posing as a challenge to the growth of the dairy blends market. Nonetheless, growing adoption from beverages manufacturing companies is likely to swell growth of the global dairy blends market.
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Need for Specialty Food Ingredients to Propel Market Demand
The global market for diary blends has been expanding alongside the growing need for specialty food ingredients in the food industry. The use of dairy blends in confectioneries and bakeries is a nascent trend that is projected to propel demand within the global dairy blends market over the forthcoming years. Furthermore, the availability of dairy blends in various forms including powdered, liquid, and spreadable blends has also increased demand within the global market for dairy blends in recent times. It is projected that the market for dairy blends would mature as the food industry introduces several new dairy-based products and recipes.
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Vegan Lifestyles could hamper Market Growth
Despite the skyrocketing rate of growth within the global dairy blends market, certain factors still restrain demand within this market. The promotion of vegan lifestyles, especially across the western regions, could place a negative toll on the growth prospects of the global dairy blends market. Furthermore, dairy blends are not very popular across the emerging economies, and this takes a large consumer base away from the market. Nevertheless, the easy storage and refrigeration of dairy blends as against dairy products is expected to keep enhancing the growth prospects of the global market.
The review is based on TMR’s report titled “Dairy Blends Market (Product type - Dairy Mixtures, Dairy/Non-Dairy Ingredients, Functional Ingredients, and Carrier Dairy Blends; Form - Powder Dairy Blends, Liquid Dairy Blends, and Spreadable Dairy Blends) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”.
The global dairy blends market is segmented as follows:
By Product Type
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