Yogurt Powder Market

Yogurt Powder Market  Size, Share, Growth (2023-2028)

Yogurt Powder Market Size was worth US$ XX Billion in 2023 and is anticipated to reach a valuation of US$ 1.6 billion by 2028 with a CAGR of 8.1 %.

Yogurt Powder Market Overview

Yoghurt powder, also known as dehydrated yoghurt, is a dry version of regular fermented milk. It has many advantages over regular yoghurt in terms of storage, transportation, and convenience. Its popularity has grown in recent years and surpassed traditional yoghurt in popularity.  It contains various essential nutrients such as vitamin D, B6, phosphorus, calcium, etc. Using a cooling facility during transportation is unnecessary, which adds to its convenience. Consumers regularly consume probiotics as they focus on their gut health, which is the primary driver for the market growth. The government has initiated stringent regulations to regulate the market in order to ensure the manufacturing and sale of authentic products. It also replaces artificial additives and preservatives in the bakery and confectionary industries. It also helps in increasing the shelf life of the products. Consumers are also shifting toward convenience foods, which has increased market demand. Because it is highly soluble and has numerous skin benefits, it is also used in the skincare and cosmetic industries.

REPORT COVERAGE:

Yogurt Powder Market Drivers:

The growing consumer awareness of the importance of healthy and nutritious foods is the primary driver of the Yogurt powder market demand. Consumers are demanding healthier alternatives for everyday products as they become more aware of their gut health and associated diseases. The key players carry out significant research and development activities in the market to improve the manufacturing process and create new offerings. It is also used in various food retail and hospitality recipes. Yoghurt also contains essential nutrients that aid in the prevention of various reproductive diseases in women and is frequently recommended by nutritionists and doctors as part of a healthy diet.

Yogurt Powder Market Restraints:

The yoghurt powder market is highly regulated, and there are various quality standards for manufacturers which they need to comply with, which can restrict the market growth. Increasing competition in this market makes it difficult for players to survive and compete. There are frequent price wars and fluctuating raw material prices in the market, which can further limit the market growth. Lactose intolerance is also becoming more common among people, which causes a variety of health problems such as gas and bloating, acne, and so on. It has reduced the consumption of all dairy products. The supply chain also needs to be efficient for effectively storing and transporting these products. 

Global Yogurt Powder Market Opportunities:

The Market offers plenty of room for manufacturers to expand. Since there is such high demand, producers should grow and diversify their operations to attract more customers. Since the product's functioning is similar, the manufacturers must invest resources in distinguishing their offerings to win over more customers. They need to improve the product quality and offer additional choices. Consumers have become Health conscious. They can invest in coming up with Vegan and organic options to attract more customers.

Yogurt Powder Market Key Developments:

• Squish Launched a new ready-to-eat 100 % Natural fruit Yogurt purees and Pressed juices in May 2021.

• In April 2020, Dupont Nutrition and Biosciences will launch a global product called Yo-Mix Yogurt, which is a low-sugar product.

• Bio - a market leader, the Kerry Group , in November 2020 acquired K Plus. 

• Glanbia Nutritional Acquired a Flavour designer and Manufacturer in Canada in August 2020.

Yogurt Powder Market Segmentation:

Global Yogurt Powder Market: By Product

• Whole Yogurt

• Semi – Skimmed Yogurt

• Skimmed Yogurt

The skimmed yoghurt powder segment is expected to dominate the market, growing at the fastest rate of 7.1%. Consumers are becoming Health conscious due to switching to low fat alternatives of dairy products, which is a leading factor that will drive this segment's growth. It is also used in the production of other products, such as cheese and frozen foods. Many key players are collaborating to develop better alternatives to yoghurt powder in order to attract more customers. As it is used in many food products, whole yoghurt powder currently has the largest market share.

Global Yogurt Powder Market: By Distribution Channel

• Speciality Stores

• Online Retail,

• Supermarkets/ Hypermarkets

• Departmental Stores

On the basis of distribution, the Hypermarket/ Supermarkets segment is expected to dominate the market and is expected to grow at a CAGR of 6.4%. Hypermarkets can effectively exploit the benefits of economies of scale because they can bargain for prices and offer a wide variety of products to customers in the same location, providing many conveniences and saving time. They also get various offers and discounts which encourage them to buy in larger quantities. Due to increasing internet penetration, online channels are also getting a lot of traction and are expected to take over physical shopping during the forecast period.

Global Yogurt Powder Market: By End User

• Food and Beverages

• Bakery & Confectionary

• Cosmetics and Skincare

The food and beverage sector dominates and holds the largest share of the Yogurt powder market. Consumers are increasingly interested in dehydrated yoghurt due to its increasing use in restaurants, cafes, and the home sector for a variety of cooking purposes. It is used to produce various beverages, ice creams and salads, sauces and dips. During the forecast period, the market is expected to strengthen. The food and beverage sector is expected to continue the trend and dominate the market due to increasing industrial usage and other factors.

Yogurt Powder Market Segmentation Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• Latin America

On the basis of region, Europe is expected to dominate the Yogurt Powder market and currently holds the largest market share. It is one of the regions with the highest demand for dairy products due to the high consumption of Breakfast Recipes containing dairy products and Bakery and confectionary products. Customers are also becoming more aware of the importance of eating healthy and opting for low-sugar and low-calorie product alternatives. The Asia Pacific region is expected to grow at the highest rate during the forecast period as a result of the rising preference of customers for nutritional food in developing countries like India and China.

COVID-19 Impact on the Global Yogurt Powder Market :

COVID - 19 has had a negative impact on all industries and has limited their market growth. Throughout the pandemic, however, there was an increased focus on boosting immunity and health consciousness among consumers. They shifted towards functional and nutritious food to maintain their health and boost their immunity. They also began to prefer organic and vegetarian products, which increased market demand for vegan alternatives to traditional products. Yoghurt is one of these items that has seen an increase in demand. Many key market players collaborate and invest in technologies to develop new formulations and higher-quality products. Overall, the pandemic benefited the Yogurt Powder Market, which is expected to grow rapidly during the forecast period.

Yogurt Powder Market  Key Players:

1. Epi Ingredients SAS

2. Glanbia PLC

3. Armour Proteines

4. Bempresa Ltd.

5. C.P. Ingredients Ltd.

6. Dohler Dahlenburg

7. Kerry Group

8. Bluegrass Dairy & Food Inc.

9. Dr Suwelack

10. Ballantyne

11. Bio growing

12. PreGel AMERICA Inc.

13. Baltima SP.

14. Bayerische Milchindustrie EG

15. Batory Foods

16. Grande Cheese Company

17. ACE International