The processed food industry is growing worldwide due to
changing consumer preferences and increasing purchasing power. A variety of
dairy spreads have been introduced by companies with different characteristics
and forms to cater to the demand for enhanced flavor and texture. This is
expected to drive the demand for dairy spreads among consumers across the
world.
The global dairy spreads market has been segmented by type,
packaging type, distribution channel, and region.
Based on type, the global dairy spreads market has
been segmented into cheese, butter, and others. The cheese segment is projected
to be the largest during the forecast period. The demand for cheese spreads
with various spices and seasonings is driven by the immense popularity of
cheese flavor. The segment is also expected to register the highest growth rate
during the review period owing to the growth of the food & beverage
industry worldwide.
Regional Analysis
The global dairy spreads market has been segmented,
on the basis of region, into North America, Europe, Asia-Pacific, and the rest
of the world.
North America is expected to dominate the global dairy
spreads market owing to the large-scale production of processed foods in
the region. Dairy spreads are used in various cuisines to enhance taste,
texture, flavor, and appeal. The US and Canada are major consumers of processed
and RTE food products, which, in turn, boosts the demand for dairy spreads
in these markets.
The market in Asia-Pacific is expected to be the
fastest-growing due to the expanding food & beverage industry and changing
consumer eating patterns in the region.
Key Players
Some of the key players in the global dairy spreads market
are Arla Foods amba (Denmark), Gujarat Cooperative Milk Marketing
Federation Ltd. (India), Britannia Industries Limited (India), The Kraft Heinz
Company (US), Lactalis Group (France), Parag Milk Foods Ltd (India), Bel Brands
USA, Inc. (US), Land O’Lakes, Inc. (US), Organic Valley (US), and Alouette
Cheese USA LLC (US).
Complete Report Details @ https://www.marketresearchfuture.com/reports/dairy-spreads-market-7795
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