Global Dairy Blends Market - 2021-2028
乳製品混合物是由黃油混合物製成並與植物油混合製成的乳製品層壓製品，或由不含飽和脂肪的加工黃油脂肪製成。乳製品混合物可以與一些其他成分混合，如糖、鹽、植物油和此外，當與另一種蛋白質來源混合時，乳製品混合物可為消費者提供營養益處並增強產品的味道。乳製品混合物被健身和健康狂廣泛使用，因為與其他黃油和乳製品相比，它們的脂肪含量低，這增加了他們在全球市場的需求。預計到 2028 年，全球乳製品混合市場將增長。
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. The global dairy blends market is likely to reach USD xx million in 2028, from its recorded value of USD xx million in 2020, growing with a CAGR of XX% during the forecast period.
Increasing health consciousness among consumers to drive the demand for dairy blends
The demand for dairy blend products are increasing at a faster pace, due to changes in social and economic patterns, as well as increase in urbanization, buying power, and awareness about healthy foods, changes in meal pattern and existing food habits, and the desire to taste new products. They are becoming extremely popular, especially among the working-class people, teenage children, and bachelors, among others. Many popular snack foods, such as chips, candy, and snack mixes are high in calories, fat, and excess sugar. Healthy alternatives, such as dairy snacks, are convenient to grab on-the-go, and are also nutrient dense, providing vitamins, minerals, and energy that fuel the body, is driving the dairy blend market.
Moreover, 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.
However, the manufacturing of dairy blends requires the end product to be compliant with the standards provided by the Codex Alimentarius Commission. Codex is a regulatory body established by the Food and Agriculture Organization (FAO) of the United Nations and the World Health Organization (WHO). These standards are very stringent and apply to the End Uses of dairy products as well. This may become a potential threat to the global market during the projected period.
Spreadable dairy blends segment is expected to grow with a highest CAGR of XX% during the forecast period
Spreadable dairy blends are increasingly becoming popular and are expected to witness the fastest growth with a CAGR of XX% from 2021 to 2028. The major factor contributing to the growth of this product is that it acts as a low-fat alternative to butter and margarine, which makes it healthy for consumption. These spreads are used with cocoa, vanilla, and various other flavors for taste preferences. They are made using vegetable oils that eliminate the risk of heart diseases. Hence, such products are used as toppings in salad dressings, frozen custards, and ice creams. As a result, this has increased the consumption of ice creams and frozen custard by heart patients. This is expected to fuel segment growth from 2019 to 2025.
On the other hand, the powdered dairy blend is one of the most popular forms of dairy blends. This segment accounted for more than XX% share of the overall revenue in 2020. The powder form is largely used in making baby food products or infant formulation. It also works as a sweetener and stabilizer in ice cream and yogurts. Moreover, it is easy to store and has a longer shelf life owing to its dry form. Since the powder is made usually by spray-drying milk, it contains all the nutritional values as of a regular cow's milk. These factors are anticipated to drive the segment.
Asia-Pacific region contributed for market revenue share of XX%, owing to its increasing consumption of products made by blended dairy products.
Asia-pacific is expected to witness the highest growth in dairy blends market during the forecast period, due to the growing dairy based product preferences. Particularly, the Asian dairy market is showing interests in the dairy blends, as the Asian standard demand for milk fat is growing, at a continuous pace. According to FAO, in Asia, milk output increased to 346.9 million tonnes, up 3.9 percent from 2017, as outputs rose in India and Pakistan. In India, milk production increased by 5.6 percent in 2018, driven by an expanded dairy herd and incremental, but steady, improvements to milk collection systems and higher productivity. In contrast to vegetable fats, milk fat is a natural product and offers a better taste, therefore, the production of dairy blends is satisfying the growing demand in the region.
In 2020, the North America region held market revenue share of XX% in the dairy blends market owing towards the increase in the disposable income of the consumers, change in the consumers preference for healthy products with low calories and proper nutrition. The U.S has observed a decent growth in the past few years and is the fourth largest global milk-based product exporter, overall dairy exports were USD 6.03 billion in 2019 which resulted into the increased demand for dairy blends market. North America has the largest service provider of whey protein that captured major health industry of the world. The producers of dairy blends in this region provide their consumers with different options and source for nutritional intakes such as baking mixes, beverages, snacks, and others in this region are key factors in the growth of the dairy blends market.
The market is fragmented and highly competitive, with key players adopting strategies such as product innovation, strategic acquisitions, and expansions to expand their geographical presence and customer base. The private-label brands have been gaining competitive advantage, in terms of products differentiation and cost-efficient solutions. Many major players like Fonterra, Kerry, Agropur, and Döhler are innovating varieties of blends and creating awareness by attractive packaging. Another trend adopted by major manufacturers is enhancing the nutritional content of blends by fortification.
COVID-19 Impact: Negative impact on the global dairy blends market due to disruptions in supply chain
The global pandemic of COVID 19 has affected the normal working of the people adversely. Owing to this global pandemic, one has to deal with financial crises along with health issues. This situation has pushed the economies towards forced recession. Owing to the lockdown period and post lockdown period most of the manufacturing units of the dairy blends market were shut down which resulted in a steep downfall of revenues and profit margins. However, the dairy blends market is expected to recover from this global pandemic situation at the end of the second quarter of the year 2021 during the forecasted period.