|
(Health-NewsWire.Net, February 26, 2020 ) The dairy blends market is projected to grow at a CAGR of 8.1% from 2016 to 2022. The growth can be attributed to the increase in demand for dairy blends in infant formulations, due to its high-protein and low-fat characteristics. Other factors adding to the growth of the dairy blends market are high prices of traditional dairy products, various health benefits associated with dairy blends, and increase in demand in countries such as Canada, China, South Korea, and countries in South America.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184359301
In the recent years, the dairy blends industry witnessed a significant number of acquisitions and expansions by leading players such as Fonterra Co-operative Group Ltd. (New Zealand), Doehler Group (Germany), Agropur ingredients (Canada), Royal FrieslandCampina N.V. (Netherlands), and Kerry Group (Ireland). These companies started new manufacturing facilities & regional offices in developing countries, and acquired other food companies to strengthen their presence in the dairy blends market.
Infant formula is projected to be the fastest-growing application segment in the dairy blends market, followed by yogurt. The increase in demand for infant formula is also attributed to the increase in working women population, who prefer minimum cooking time; infant formula, which is low in fat and high in protein, facilitates the same. The availability of flavored yogurt and yogurt products has added to the demand for dairy blends in the yogurt segment. The powdered form of dairy blends is projected to witness marked increase in demand, owing to the increase in usage in infant formulas, bakery products, confectionery items, specialty flavorings, snack foods, frozen desserts, salad dressings, soups, sauces, beverages, and dips.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=184359301
The Asia-Pacific is the fastest-growing region in the dairy blends market. The region has a large population, with countries such as China, South Korea, Japan, and India, recording a large-scale consumption of bakery products. Australia & New Zealand, being two of the largest regions, witnessed industrialized growth over the years, followed by improvements in the bakery food industry, which in turn has provided new opportunities for the dairy blends market. The growing middle-class population in the region, with increase in disposable income and demand for non-conventional food that offer on-the-go consumption are propelling the growth of the dairy blends market. The per capita consumption of dairy blends in the Asia-Pacific region is driven by growing economies such as Australia & New Zealand, China, Japan, and South Korea. A large number of dairy companies have expanded their reach in these countries, which has also driven the market for dairy blends.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™
Mr. Sanjay Gupta
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
