The global dairy blends market was valued at USD 441.4 billion in 2022 and is projected to expand at a CAGR of 6.6% from 2023 to 2030. Dairy blends are a combination of dairy ingredients such as milk, cream, and butter with non-dairy ingredients such as vegetable oils, animal fat, and egg yolks. Dairy blends offer a variety of functional benefits, including texture, texture, flavor, and shelf life. These products are widely used in the food, beverages, and bakery industries.

The increasing demand for convenience foods and beverages, along with the growing number of health-conscious consumers, is driving the market for dairy blends products. Consumers have become increasingly aware of the health benefits of dairy products and are, thus, opting for dairy blends over traditional dairy products. Dairy blends are being used as an alternative to traditional dairy products, as they are perceived to be healthier than traditional dairy products. Furthermore, the introduction of innovative dairy blends products, such as low-fat and low-calorie dairy blends, is expected to drive the market growth.

The increasing demand for vegan and plant-based products is also driving the market for dairy blends products. Consumers are increasingly opting for plant-based alternatives due to their perceived health benefits and environmental sustainability. Dairy blends have become popular among vegan consumers, as they are a suitable substitute for dairy products, such as milk and butter. Additionally, the increasing demand for dairy blends in bakery, confectionery, and ice cream applications is contributing to the market growth.

Furthermore, the increasing demand for dairy blends in emerging markets, such as India, China, and the Middle East and Africa, is driving the market growth. The rising disposable income and the growing awareness of health benefits associated with dairy blends products are driving the market in these regions. Additionally, the introduction of new product launches by key players is also contributing to the market growth. For instance, in July 2021, Unilever announced the launch of Magnum Non-Dairy Ice Cream, a vegan and dairy-free ice cream made with almond milk.

The increasing focus on product innovation and product development is expected to drive the market growth. Key players are introducing dairy blends products with improved functional properties, such as texture and flavor. For instance, in April 2021, Hilmar Ingredients launched Cipex Dairy Blends, a range of dairy blends designed to provide solutions for high-performance bakery products. The increasing demand for organic and natural dairy blends products is also expected to drive the market growth.

The yogurt blends segment held the largest market share accounting for around 34.9% in 2022. Dairy blends are an emerging trend in the dairy industry, as these products offer health benefits such as high protein content and low fat content. According to an article published by Dairy Reporter, in August 2020, dairy blends are set to become a key dairy trend over the next five years, as consumers are moving towards healthier and sustainable food options. In addition, growing demand for lactose-free and dairy-free products is also driving the market.

The dairy-based drinks segment is expected to exhibit the fastest CAGR of 8.2% over the forecast period. Increasing health consciousness among the population is driving the demand for dairy-based drinks. Additionally, the presence of lactose-free dairy-based drinks is also driving the market growth. According to an article published by Dairy Reporter, in June 2020, dairy-based drinks are expected to gain popularity due to their low sugar content, as consumers are becoming more health-conscious. Furthermore, growing demand for convenience food is also driving the market growth.

The supermarkets and hypermarkets segment accounted for the largest share in the dairy blends products market in 2022. Supermarkets & hypermarkets offer a wide range of dairy blends products, including yogurt, cheese, and other dairy-based products, which attracts a large number of consumers. Supermarket & hypermarket stores allow consumers to compare multiple products and brands under one roof and offer a wide range of products from both private label and national brands. This segment is anticipated to register the highest CAGR during the forecast period.

The online segment is anticipated to expand at the highest CAGR of 10.2% over the forecast period. Rising e-commerce trends and the increasing number of online stores selling dairy blends products are expected to drive the growth of the segment during the forecast period. The increasing number of e-commerce websites, such as Amazon and Flipkart, are offering convenience to consumers by providing a variety of dairy blends products at attractive prices. In addition, e-commerce websites also provide attractive discounts, which is attracting consumers to shop online.

The conventional dairy blends segment is estimated to be the largest segment in the global dairy blends market in 2022, accounting for a revenue share of 68%. The growing demand for low-fat and lactose-free milk products is a key factor driving the growth of the segment. The rising health consciousness among consumers and the increasing awareness of dairy blends’ high nutritional value are also driving the consumption of conventional dairy blends.

The organic dairy blends segment is anticipated to register the highest CAGR of 8.5% over the forecast period. Increasing demand for organic dairy blends among health-conscious consumers is a major factor driving the segment growth. Growing awareness about the benefits of consuming organic dairy blends is also driving the segment growth. Furthermore, the increasing demand for organic dairy blends from the food & beverage, pharmaceutical, and personal care industries is also contributing to the segment growth.

Europe dominated the market and accounted for the largest revenue share of over 37.5% in 2022. The regional market is driven by the rising preference for dairy blends products among consumers. The presence of well-established dairy producers in the region is also playing a major role in the growth of the market. Moreover, the growing demand for convenience food products, such as dairy blends is expected to drive the market further. For instance, in April 2021, Lactalis launched a new range of dairy blends products in the U.K.

Asia Pacific is expected to witness the second-fastest growth in the coming years. Increased awareness regarding the health benefits of dairy blends products, such as improved digestion and better immunity, is expected to drive the growth of the market. Moreover, increasing disposable income and urbanization are some of the key factors contributing to the growth of the market. For instance, in October 2021, Freedom Foods Group launched a range of dairy blends products in India.

In this part of the dairy blends products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your dairy blends products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenue for a dairy blends products business comes from the sale of dairy-based products such as milk, cheese, yogurt, ice cream, butter, and other dairy-based products. It is important to research the market and understand your customers’ needs and preferences in order to be able to determine the possible pricing structure for each product.

Projecting Expenses

In this section, all the regular expenses related to keeping the dairy blends products business running will be described. The list of operating expenses includes raw materials and ingredients, packaging, wages, utilities, marketing and advertising, research and development, and other related costs. Additionally, the costs associated with the purchase or renting of production facilities and equipment should be taken into account.

Some of the key companies operating in the dairy blends market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In January 2022, Fonterra Co-operative Group launched the DairyBlend range of products. The range includes a variety of dairy blends, including yogurt, cheese and spreads.

– In April 2022, Arla Foods launched the DairyBlend range of products, which includes yogurt, cheese and spreads.

– In May 2022, Nestlé launched the DairyBlend range of products, which includes dairy-based milkshakes, smoothies and yogurt.

Some of the prominent players in the dairy blends market include:

– Arla Foods
– Fonterra Co-operative Group
– Nestlé S.A.
– Danone S.A.
– Dairy Farmers of America, Inc.
– Saputo Inc.
– Lactalis Group
– Meadow Foods Ltd.
– Dairy Crest Group plc
– Schreiber Foods Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global dairy blends products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Milk
– Creams
– Yogurts
– Cheese
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Regular
– Organic
– Low-Fat

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the factors driving the market for dairy blends?
[A]: The increasing demand for convenience foods, the growing popularity of lactose-free products, and the health benefits associated with dairy blends are some of the key factors driving the market growth. Additionally, the increasing demand for low-fat dairy products, changing lifestyle, and increasing disposable income are also fueling the growth of the market.

[Q]: Which regions offer the largest opportunity for sales of dairy blends?
[A]: Europe and North America are expected to be the most lucrative regions for the dairy blends market, with North America estimated to reach a market value of US $4.4 billion by 2024.

[Q]: Who are the key players in the dairy blends market?
[A]: Some of the key players in the dairy blends market are Lactalis Group, Fonterra Co-operative Group Limited, Arla Foods, Glanbia plc, Dairy Farmers of America, Inc., California Dairies, Inc., Kraft Foods, Inc., and The Dannon Company, Inc.

[Q]: What types of products are included in the dairy blends market?
[A]: The dairy blends market includes products such as milk, butter, cheese, yogurt, ice cream, and other products such as cream cheese, sour cream, and cream.

[Q]: How are dairy blends used in food applications?
[A]: Dairy blends are used in a variety of food applications, including confectionery fillings, bakery products, dairy desserts, sauces, and soups. They are also used to make processed cheese, frozen desserts, dressings, and dips.