Yogurt Powder Market Size, Share, Growth Report 2032

Yogurt Powder Market Size

The global yogurt powder market size was worth around USD 347.46 million in 2023 and is predicted to grow to around USD 622.85 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.7% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The report covers a forecast and an analysis of the yogurt powder market on a global and regional level.

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Yogurt Powder Market: Overview

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.

The report analyzes the global Yogurt Powder Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry. The study includes drivers and restraints of the yogurt powder market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the yogurt powder market on a global level.

In order to give the users of this report a comprehensive view of the yogurt powder market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

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Yogurt Powder Market: Segmentation

The study provides a decisive view of the yogurt powder market by segmenting it based on type, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

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.

Yogurt Powder Market: Report Scope

Yogurt Powder Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

Europe and North America dominated the global yogurt powder market in 2023, 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.

Yogurt Powder Market: Competitive Players

Some major players operating in the global yogurt powder market are:

• Glanbia
• EPI Ingredients
• Ace International
• Almil
• Kerry
• Bluegrass Dairy and Food

This report segments the global yogurt powder market into:

Global Yogurt Powder Market: Type Analysis

• Skimmed
• Semi-Skimmed
• Whole

Global Yogurt Powder Market: Application Analysis

• Food and Beverages
• Personal Care
• Pharmaceuticals
• Cosmetics

Global Yogurt Powder Market: Distribution Channel Analysis

• Hypermarkets/Supermarkets
• Business-To-Business
• E-Commerce
• Specialty Retail
• Other Retail Formats

Global Yogurt Powder Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa