Market Data Forecast recently published a report on the “North America Dairy Blends Market” which estimates the market to grow from USD 0.91 billion from 2016 to USD 1.31 billion with a high CAGR of 7.65%.
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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.
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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.
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The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are 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.
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The products are segmented based on North America Dairy Blends Market Application, Form, and Type are studied for a deep-level understanding of the Diagnostic Imaging market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Dairy Blends market is segmented as follows:
- Based on Application:
- Butter & Cheese Blends
- Infant Formula
- Ice Cream
- Based on Form:
- Based on Type:
- Dairy/Non-Dairy Ingredients
- Dairy as Carrier
- Dairy as Functional Ingredient
- Dairy Mixtures
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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