Middle East and Africa Dairy Blends Market was worth $0.19 billion in 2021 and estimated to be growing at a CAGR of 6.88%, to reach $0.26billion by 2026.
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 Middle East and Africa 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.
The Middle East and Africa Dairy Blends market is segmented based on Application, Form, and Type. The market for Dairy Blends, on the basis of Application, is classified into Yogurt, Bakery, Feed, Beverage, Butter & Cheese Blends, Infant Formula, Ice Cream, and Others. On the basis of Form, the Dairy Blends market is segmented into Powder, Liquid, and Spreadable. On the basis of Type, the Dairy Blends market is segmented into Dairy/Non-Dairy Ingredients, Dairy as Carrier, Dairy as Functional Ingredient, Dairy Mixtures, and Others. 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.
Geographically the Middle East and Africa Dairy Blends Market is segmented into KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA. The region is expected to offer lucrative growth opportunities, owing to the growing woman workforce, rise in demand for dairy blends in baby formula, and increase in disposable incomes in this region.
Key Players in the Market:
The sustained growth of the market for dairy blends has presented new profit prospects for the dairy marketers.
Major Key Players in the MEA Dairy Blends Market are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Application
5.1.1 Yogurt
5.1.2 Bakery
5.1.3 Feed
5.1.4 Beverage
5.1.5 Butter & Cheese Blends
5.1.6 Infant Formula
5.1.7 Ice Cream
5.1.8 Other Applications
5.2 By Form
5.2.1 Powder
5.2.2 Liquid
5.2.3 Spreadable
5.3 By Type
5.3.1 Dairy/Non-Dairy Ingredients
5.3.2 Dairy as Carrier
5.3.3 Dairy as Functional Ingredient
5.3.4 Dairy Mixtures
5.3.5 Others
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 SPX Flow
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Anchor
8.3 Abbott Nutrition
8.4 Cape Food Ingredients
8.5 Agropur Ingredients
8.6 Hormel Specialty Products
8.7 Friesland Campina
8.8 Cargill Inc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
