New Analysis from Global Industry Analysts Reveals Steady Growth for Dairy Blends, with the Market to Reach $4.1 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Dairy Blends - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Dairy Blends

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1048
Companies: 43 - Players covered include Advanced Food Products LLC; Agri-Mark, Inc.; Agropur Cooperative; All American Foods Inc.; Cargill, Inc.; Dohler GmbH; Fonterra Co-Operative Group Ltd.; Hormel Foods Corporation; Kerry Group PLC; Koninklijke VIV Buisman B.V. and Others.
Coverage: All major geographies and key segments
Segments: Form (Powder, Spreadable, Liquid); Product Type (Dairy Mixtures, Dairy/Non-Dairy Ingredients, Functional Ingredient, Carrier Dairy Blends, Other Product Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ; Latin America ; Middle East ; and Africa.

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ABSTRACT-

Global Dairy Blends Market to Reach $4.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Dairy Blends estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Dairy Mixtures, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dairy/Non-Dairy Ingredients segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $888.7 Million in 2021, While China is Forecast to Reach $830.1 Million by 2026
The Dairy Blends market in the U.S. is estimated at US$888.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$830.1 Million by the year 2026 trailing a CAGR of 7.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Functional Ingredient Segment to Reach US$756.3 Million by the year 2026
In the global Functional Ingredient segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$440.3 Million in the year 2020 will reach a projected size of US$572.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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