The global yogurt powder market size is expected to reach USD 834.5 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.9% during the forecast period. Changing dietary preferences of consumers and increasing adoption of healthier diets are the key factors for driving the growth. Yogurt powder is a rich source of vitamin B6, vitamin B12, calcium, vitamin D, protein, and riboflavin among other nutrients, which in turn is anticipated to fuel the product demand.
Key manufacturers are expanding distribution channels by launching new supermarkets, warehouses, and exclusive stores to increase the product visibility and customer reach across developed countries. For instance, in January 2017, EasiYo, yogurt brand from New Zealand announced its partnership with Ornua Nutrition Ingredients (ONI), a U.K. based supplier of nutritional ingredients to expand its supply chain in Europe. The production facility is utilized for packaging and distribution of full range of natural and flavored yogurt powder and other products for the Europe market. This strategic move is expected to boost offline availability of the product in near future.
Europe held the largest market share of 31.5% in 2018. Over the past few years, major players operating in the regional yogurt powder market are adopting marketing strategies such as innovative product launches to cater to the increasing demand for powder and dehydrated yogurt from confectionery and bakery industry. For instance, in September 2018, Epi Ingrédients launched an innovative and high-protein content yogurt based powder under the brand name SoBenefik. Such new product launches are anticipated to bode well for the overall market growth.
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Further key findings from the report suggest:
- In terms of revenue, Asia Pacific is projected to witness the fastest CAGR of 7.3% from 2019 to 2025
- Skimmed yogurt powder product segment is expected to witness the fastest CAGR of 7.1% during the forecast period
- Europe held the largest market share of 31.5% in terms of revenue 2018
- Key players operating in the yogurt powder market include Glanbia Nutritionals; Epi Ingrédients; Kerry Inc.; Batory Foods; Bluegrass Dairy & Food, Inc.; Prolactal GmbH; CP Ingredients; Ace International LLP; EasiYo; and ENKA SÜT A.S.
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Grand View Research has segmented the global yogurt powder market on the basis of product, end use, and region:
Yogurt Powder Product Outlook (Revenue, USD Million, 2015 – 2025)
Yogurt Powder End Use Outlook (Revenue, USD Million, 2015 – 2025)
Yogurt Powder Regional Outlook (Revenue, USD Million, 2015 – 2025)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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