Yogurt Powder Market By Type (Skimmed, Semi-Skimmed, and Whole), By Application (Food & Beverages, Personal Care, Pharmaceuticals, and Cosmetics), and By Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Global yogurt powder market expected to reach around USD 384 million by 2026, at a CAGR of 7.8% between 2019 and 2026. Yogurt powder is prepared via the process of milk fermentation and then processing it in the form of dry yogurt.

31-Jul-2019 | Number of pages: 110 | Report Code: ZMR-4515 | Report Format : | Status : Published

Analysis

Yogurt is one of the most commonly used dairy products around the world. It is known for its taste, texture, and various health benefits worldwide. Seeing this popularity of yogurt, the manufacturers came up with yogurt powder, which is prepared by adding cultures to non-fat milk and then allowing the mixture to reach at a pre-defined ph before it is dried.

The global yogurt powder market is expected to show significant growth over the forecast time period, owing to the growing yogurt powder application in the food and beverage industry due to its delicious flavor. Moreover, the yogurt powder market has witnessed a significant rise in gut-friendly products owing to the growing prevalence of digestive system problems. Furthermore, the increasing health-conscious population base is also boosting the market to a great extent. However, some consumers prefer to use yogurt instead of yogurt powder, which is a major restraint for the yogurt powder market. Alternatively, noteworthy investments in research and development techniques are expected to provide new growth opportunities to the yogurt powder market globally.

Global Yogurt Powder Market

The global yogurt powder market is fragmented based on type, application, and distribution channel. By type, the global yogurt powder market includes whole, skimmed, and semi-skimmed yogurt powders. The skimmed segment has the highest consumption, owing to its various health benefits, followed by whole yogurt powder.

On the basis of application, the global yogurt powder market comprises cosmetics, personal care, food and beverages, and pharmaceuticals. Food and beverages dominated the market in 2018, due to the growing yogurt powder applications in the preparation of cereals, dry mixes, nutritional bars, and energy drinks. Additionally, significant growth has been noticed in the pharmaceutical sector as well, due to the numerous health benefits of yogurt powder as it aids in better digestion, ensures protection against colorectal cancer, and improves the immune system.

Based on distribution channel, the global yogurt powder market includes business-to-business, hypermarkets/supermarkets, specialty retail, e-commerce, and other retail formats. The hypermarkets/supermarkets dominate the market due to their offering of different types and brands of yogurt powder under one roof. Moreover, the growing interest of consumers toward online products is driving the e-commerce sector.

Europe and North America dominated the global yogurt powder market in 2018, due to the extensive yogurt powder usage in the food and beverage industries and growing health problems in these regions. The Asia Pacific yogurt powder market is expected to show the highest growth rate over the forecast time period, owing to the high regional demand for yogurt.

Some major players operating in the global yogurt powder market are Glanbia, EPI Ingredients, Ace International, Almil, Kerry, and Bluegrass Dairy and Food.


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