NFC Juices Market Share Analysis
Globally, the market for dairy blends as functional ingredients is expected to reach USD 584 million by 2023, growing at a rate of 6.75% during the forecast period. In 2017, the Asia-Pacific (APAC) region held the largest market share at 33.24%, and it is projected to reach USD 211 million by 2023. The APAC market for dairy blends as functional ingredients is anticipated to experience a higher growth rate of 8.30% from 2017 to 2023.
Similarly, the global market for dairy blends as carriers is projected to reach USD 741 million by 2023, with a growth rate of 7% during the forecast period. In 2017, APAC dominated the market with a major share of 34.50%, and it is expected to reach USD 278 million by 2023. The APAC market for dairy blends as carriers is forecasted to have a higher growth rate of 8.51% from 2017 to 2023.
In simple terms, the global market for dairy blends used as functional ingredients is estimated to be worth USD 584 million by 2023, growing at a rate of 6.75%. The Asia-Pacific region, with a significant share of 33.24% in 2017, is expected to reach USD 211 million by 2023, experiencing a higher growth rate of 8.30%.
Similarly, the global market for dairy blends used as carriers is predicted to reach USD 741 million by 2023, growing at a rate of 7%. In 2017, the Asia-Pacific region held the major market share at 34.50%, and it is anticipated to reach USD 278 million by 2023, with a higher growth rate of 8.51% from 2017 to 2023.
The worldwide market for other dairy blends is estimated to reach USD 208 million by 2023, with a growth rate of 5.48% during the forecast period. In 2017, the Asia-Pacific (APAC) region secured the largest market share at 35.45%, and it is anticipated to reach USD 83 million by 2023. The APAC market for other dairy blends is expected to experience a higher growth rate of 7.49% from 2017 to 2023.
In simpler terms, the global market for other dairy blends is expected to be worth USD 208 million by 2023, growing at a rate of 5.48%. In 2017, the Asia-Pacific region, with a significant share of 35.45%, is projected to reach USD 83 million by 2023, experiencing a higher growth rate of 7.49% from 2017 to 2023.