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Dairy Blends Market to Expand at a CAGR of 5.80% over 2017 and 2022 as Packaged-Food Industry Gathers Momentum
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Over the past decade, the leading market players in the global dairy blends market have been focusing on enhancing the quality of their blends in order to outdo the escalating competition. It is projected that the smaller market players would crush under the weight of increasing production volumes of the larger players. However, formation of strategic alliances and partnerships amongst the smaller players could acts a saviour for these players. Furthermore, the large market players in the global market for dairy blends are on a spree of acquisitions and have already taken over several defunct market players.
A report published by Transparency Market Research (TMR) finds that the global dairy blends market would expand at a steady CAGR of 5.80% from 2017 to 2022. Furthermore, the global dairy blends market is expected to accumulate revenues as high as US$3,789.3 mn by 2022-end, rising up from a value of US$2,853.7 mn in 2017. On the basis of product type, the demand for dairy mixtures has been rising due to their huge-scale usage in the food industry. Based on geography, the demand for dairy blends in Asia Pacific and North America has been touching new heights.
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Health Benefits of Dairy Blends to Propel Demand
The demand within the global market for dairy blends has been escalating on account of the growth of packaged food industry. Dairy blends, although artificially manufactured, serve a number of health benefits and are approved for consumption by several food inspection organisations. This is expected to given an impetus to the growth of the global market for dairy blends in recent times, and has even provided a launch pad to the growth of the market players.
Popularity of Conventional Dairy Products to Hinder Market Growth
The demand within the global market for dairy blends has traced an upward graph due to low fat content and low calories in dairy blends. However, a number of food manufacturers still prefer to use conventional dairy products to maintain the freshness and healthiness of foods. This factor has placed a negative toll on the growth of the global dairy blends market in recent times. However, the global market for dairy blends is expected to keep expanding as food administrations across region give a seal of credibility to these blends. The growing food and beverages industry is also expected to keep driving demand within the global dairy blends market in the years to come.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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