Press release
Dairy Blends Market | Is Projected to Expand at a Steady CAGR over the Forecast by 2028
Dairy blends are dairy mixtures made which are made from butter blends and are mixed with vegetable oils, or from processed butter fat, which does not contain saturated fat. Dairy blend can be mixed with some other ingredients like sugar, salt, vegetable oils, and flavorings depending on taste, preference, and demand of the consumers. In addition, dairy blends when mixed with another source of protein provide nutritional benefits to consumers and enhances the taste of the product. Dairy blends are widely used by fitness and health freak, as they have low fat content as compared to other butter and dairy products, which increases their demand in the global market.
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COVID-19 Scenario Analysis
The pandemic has not affected the demand for dairy blend products. Being an essential commodity, it was witnessing more demand than before as consumers piled up the stock for an uncertain future.
Manufacturers were facing a shortage of milk from farms as the transport facilities were unavailable and labor supply was hit due to the pandemic.
There will be a rise in the demand for dairy blends as the consumer are more aware of healthy food items.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Changes in lifestyle of people, changes in food habits, rise in demand from hotels & restaurants, demand from the nutraceutical food sector, and surge in demand for use in fast foods such as burgers & pizzas are the factors driving the global dairy blend market. In addition, low prices of dairy blends offer a cost-effective and healthy alternative for consumers, bakeries, and confectionaries and use of dairy blends in infant formulas are influencing the demand of dairy blends. However, lack of awareness about dairy blends and gastrointestinal problems due to the consumption of dairy products are the factors hampering market growth. Innovations by the market leaders are related to focus on advanced formulation of dairy blend products, which will create promising scope for the entire dairy blend market.
Surge in usage in the hotel & restaurant industry
There has been a significant rise in the use of dairy blend products by the hotel & restaurants, fast food chains, quick serving restaurants, and other food shops due to the low cost of products offered by the dairy processing units. Low-cost dairy blend products help to gain competitive advantage due to reduced cost of the cuisines, which, in turn, increases the profit margin and helps to reduce the expenditure. In addition, the street food stalls have started using butter and cheese blends for most of the food items due to the availability of low-cost dairy blends in the market.
Regional insights
North America dominates the global dairy blend market due to the rapid increase in corporate offices and fast food chains to satisfy the need of the office going people. Europe market has also seen a surge in demand due to the presence of major food processing units in the European countries, which creates high demand for dairy blends as an active ingredient in processing food. Asia-Pacific is expected to grow significantly due to the presence of emerging economies and changing lifestyles with an increase in disposable income, which has created a demand for specialty food ingredients. Moreover, New Zealand and Australia markets will grow considerably due to the presence of a large number of the dairy industry and increasing spending of people on specialty food ingredients.
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Key Benefits of the Report:
This study presents the analytical depiction of the global dairy blends industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dairy blends market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global dairy blends market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global dairy blends market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Dairy Blends Market Research Report:
Which are the leading players active in the dairy blends market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?
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