(Food-Beverage-News.Com, September 27, 2017 ) According to the report Latin America Dairy Blends Market published by Market Data Forecast, the Latin America market is projected to reach USD 0.43 billion by 2021, at a CAGR of 7.24% from 2016 to 2021.
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.
The growth of the Latin America Dairy Blends market is majorly driven by factors such as cost effectiveness, low fat content when equated to butter and margarine, and rise in demand for dairy blends in baby formula. The high growth potential in the developing markets in this region offers new prospects for the market players. However, factors such as stringent regulations in the industry and globally declining prices of dairy products are restraining the growth of the market in this region.
Based on Application: Yogurt Bakery Feed Beverage Butter & Cheese Blends Infant Formula Ice Cream Others
Based on Form: Powder Liquid Spreadable
Based on Type: Dairy/Non-Dairy Ingredients Dairy as Carrier Dairy as Functional Ingredient Dairy Mixtures Others
Geographical Segmentation: Brazil Mexico Rest of Latin America
The major companies operating in the Dairy Blends market are Anchor, SPX Flow, Abbott Nutrition, Cape Food Ingredients, Agropur Ingredients, Hormel Specialty Products, Friesland Campina, and Cargill Inc.
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