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Dairy Blends Market Growth and Demand 2019: 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 Pr
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.The growing prices of traditional dairy products has led to manufacturers developing dairy blends. The rising health consciousness and lactose intolerance among the population is expected to boost demand for dairy blends. The growing market fat and lactose free products is expected to have a positive impact on market demand.
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Global Dairy Blends Market Dynamics:
The market for global dairy blends is anticipated to be driven by its cost effectiveness factor, less fat content when compared to butter and margarine, usage along with other ingredients and others. Dairy products are usually imported at a very high price but dairy blends can be imported at a much lower price when compared to dairy products.
The global dairy blends market is segmented on the basis of form, application and type. Dairy blends are available in different forms such as powder and liquid. Applications of dairy blends are its usage in making ice cream, infant food, chocolates (fillings), bakery products, dairy products and others. On the basis of type it can be segmented as whey protein blends, whey protein concentrate blends, milk concentrate blends and skim milk blends.
Market Segmentation:
The global Dairy Blends market is segmented on the type, application, form, and region.
1. By Type:
1.1 Dairy as Carrier
1.2 Dairy Mixture
1.3 Dairy/Non-Dairy Ingredient
1.4 Dairy as Functional Ingredient
1.5 Others
2. By Application:
2.1 Yogurt
2.2 Ice Cream
2.3 Bakery
2.4 Beverage
2.5 Feed
2.6 Butter and Cheese Spreads
2.7 Infant Formulations
2.8 Others
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Competitive Landscape:
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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