The dairy blend market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). The market growth is driven by the availability of a variety of flavors in dairy products for producing different food and beverage combinations such as toppings on baked foods like bread made from liquid dairy mixes. Additionally, the rise in demand for dairy mixtures as an alternative to dairy products, such as whole milk, is driving the market growth during the forecast period. The global dairy blends market is segmented by type (dairy mixtures, dairy/nondairy ingredients, dairy as functional ingredient, dairy as carrier, and others (combinations, dairy/protein derivatives, and dairy/non-dairy fat components)), by form (spreadable, powder and liquid), and by application (food (ice cream, butter & cheese spreadable, confectionery, bakery, and yogurt), infant formula, beverages and others (cocoa preparations and chocolate), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).
Market Dynamics
The major companies serving the global dairy blend market include Cargill, Inc., Kraft Heinz, Fonterra Co-Operative Group Ltd., Galloway Company, Inc., Abbott, and Hormel Foods Corp., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, and mergers and acquisitions, among others, to contribute significantly to the market growth.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/dairy-blends-market