The global yogurt powder market is projected to witness a significant growth rate of 7.8% from 2019 to 2024 and reach a market value of USD 432 Million by the end of 2024. Yogurt powder is dehydrated yogurt, prepared by adding active bacterial cultures to pasteurized milk. This mixture is then dried. The yogurt powder contains a high amount of calcium, vitamin A, protein, and has a strong profile of amino acids.
Yogurt powder is widely used in bakery and confectionery
products, dips, salad dressings, and soups. It is also used to add tart and
dairy yogurt flavor in frostings, ice cream, smoothies, and toppings. These
increasing applications of yogurt powder in food & beverages is expected to
boost the growth of the global yogurt powder market. Yogurt powder has
increased shelf life compared to fresh yogurt. This is predicted to fuel the
growth of the global yogurt powder market. However, the loss of probiotics
during the drying process can hinder the growth of the global yogurt powder
market.
The global yogurt powder market has been segmented based on
product type, flavor, category, distribution channel, and region.
The global yogurt powder market has been classified, based on
category, as lactose-free and conventional. The conventional segment is
expected to dominate the global yogurt market, due to the relatively lower
price of the products. The lactose-free segment is expected to register the
higher CAGR in global yogurt market during the forecast period, owing to the
increasing prevalence of lactose intolerance across the globe.
On the basis of distribution channel, the global yogurt powder
market has been classified into store-based and non-store-based. The
store-based segment has been further categorized as hypermarkets and
supermarkets, convenience stores, and others. The store-based segment is
expected to occupy the larger market share during the forecast period due to
strong vendor networks, availability of different products, and discounts
offered. The non-store-based segment is expected to register the higher CAGR
during the assessment period owing to technological advancements in the
e-commerce industry and growing consumer preference for online purchase.
Key Players
Some of the key players in the global yogurt powder market are
Easiyo Products Limited (New Zealand), Dr. Otto Suwelack Nachf. GmbH & Co.
KG (Germany), Lyo-San Inc. (Canada), Bempressa (Poland), Prolactal (Austria),
Bluegrass Dairy & Food, Inc (US), Batory Foods (US), CP Ingredients Ltd.
(Ireland), ACE International LLP (India), MSK Ingredients Ltd. (UK), WinCrest
Bulk Foods, Inc (US), Jarrow Formulas, Inc. (US), and Epi Ingredients (France).
Latest Industry Updates
- July
2017: Epi Ingredients launched SoFlexi, which is a
powdered mix. This product enables consumers to make fresh yogurt tasting
snacks like drinking yogurt, acid drink, and ice cream, instantly.
Regional Analysis
The global yogurt powder market has been segmented, by
region, into North America, Europe, Asia-Pacific, and the rest of the world.
The North American yogurt powder market is expected to
dominate during the forecast period due to the growing preference for healthy
snacks. Additionally, the increasing use of yogurt powder in bakery and
confectionery products is projected to fuel the growth of yogurt powder market
in this region.
The yogurt powder market in Asia-Pacific is projected to register
the highest growth rate from 2019 to 2024 owing to changing lifestyle and
increasing per capita disposable incomes in developing countries such as China
and India.
Complete Report Details @ https://www.marketresearchfuture.com/reports/yogurt-powder-market-8105
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