(Entertainment-NewsWire.com, April 20, 2018 ) The North America Dairy Blends Market was worth $0.91 billion in 2016 and estimated to be growing at a CAGR of 7.65%, to reach $1.31 billion by 2021. Dairy blends are prepared by combining butter blends with either vegetable oils, or with processed butter fat.
One of the key advantages of dairy blend is that it is spreadable as it comprises of vegetable oil and hence, can be consumed with breads. Dairy blends can also be utilised with several ingredients like butter, cocoa powder, and sugar, which thus, drives the demand for the market. A dairy blend when added or combined with soy or other proteins not only augments the flavour of the product but also controls cost formulation.
The growth of the North America Dairy Blends market is majorly driven by factors such as rise in demand for dairy blends in baby formula, thriving rice and bakery industry, growing awareness and approval of nutraceutical food sector, and several health benefits linked with dairy blends. However, factors such as stringent regulatory bodies and globally declining prices of dairy products are restraining the growth of the market in this region.
The North America Dairy Blends market is segmented based on Application, Form, and Type. The market for Dairy Blends, on the basis of Application, is classified into Yogurt, Bakery, Feed, Beverage, Butter & Cheese Blends, Infant Formula, Ice Cream, and Others. On the basis of Form, the Dairy Blends market is segmented into Powder, Liquid, and Spreadable. On the basis of Type, the Dairy Blends market is segmented into Dairy/Non-Dairy Ingredients, Dairy as Carrier, Dairy as Functional Ingredient, Dairy Mixtures, and Others. Dairy/non-dairy ingredient segment accounts for the largest share of the market. They are utilised in applications such as bakery, ice cream, and confectioneries. The Infant formula segment is anticipated to be the fastest-growing, in the dairy blends industry. The usage of dairy blends in baby formula provides flexibility with regard to the usage of dairy ingredients, enhances protein levels, and decreases fat contents.
The North America market has been geographically segmented into USA and Canada. United States is the primary player in the dairy blends market. Being the fourth biggest global dairy product exporter and larger then Asia and South America in terms of service of whey, makes United States a front-runner in the dairy blends industry. People in the developed countries have become mindful towards content in the food products and inspect the ingredients being utilised by companies. This high-level of cognizance has led to the demand for low-calorie, and low-fat food in this region. As dairy products are linked with obesity, gastrointestinal ailments, and diabetes, companies are financing to create several nutritional, fat-free dairy products, thereby driving the dairy blends market in this region.
The sustained growth of the market for dairy blends has presented new profit prospects for the dairy marketers. The major companies dominating the dairy blends market in this region are Anchor, SPX Flow, Abbott Nutrition, Cape Food Ingredients, Agropur Ingredients, Hormel Specialty Products, Friesland Campina, and Cargill Inc.
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