Dairy Blends Market Size To Reach $4.00 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Dairy Blends Market Growth & Trends

The global dairy blends market size is expected to reach USD 4.00 billion by 2030, registering a CAGR of 7.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth due to increase in consumption of dairy products with high nutritional value. Dairy blends are low fat and cost effective alternatives to milk and butter. This is expected to increase market growth and drive the demand in the projected period.

Powdered dairy blends accounted for the largest market share owing to rapid adoption of the product in developed regions like North America and Europe. High product awareness among the population of these regions is expected to propel market growth during the forecast period. However, use of spreadable blends is increasing significantly. They are used in day-to-day consumption as alternatives to butter. Rise in other applications of these products such as sauces and salad toppings is expected to positively influence market growth in the next few years.

Bakery products occupied the maximum market share owing to increase in the overall bakery market and consumer preference for healthy bakery options. However, consumption of dairy blends has witnessed significant growth in infant formulas owing to high nutritional value. This is anticipated to fuel market growth over the next few years.

Asia Pacific held the largest market share in 2018 due to presence of the major dairy manufacturers in Australia and New Zealand. This region is also anticipated to witness substantial growth owing to increasing birth rates, which will propel the demand for infant formulas. However, North America and Europe are anticipated to witness steady growth due to strict regulations on food blends and infant foods. Other regions of the world are expected to witness less demand for the product due to lack of awareness.

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Dairy Blends Market Report Highlights

The food segment accounted for the largest revenue share of 51.8% in the market in 2023 attributed to a broad application spectrum for dairy blends in food items.
Powder form accounted for the highest market revenue share of 55.7% in 2023. This form of dairy blend exhibits exceptional stability during storage, making it less susceptible to spoilage, when compared to liquid or other types of formulations.
Asia Pacific held the highest revenue share of 39.3% in the global dairy blends market in 2023. Notable countries in this region such as Australia and India have historically been major dairy producers, providing a robust supply chain for dairy blend manufacturing.