Yogurt Powder Market anticipated to grow at CAGR of 7.8% by 2027

0
479

The Yogurt Powder Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 7.8% between 2019 and 2027, with an estimated valuation of USD 432 million by the conclusion of 2027. Yogurt powder is derived from cultured and pasteurized milk, undergoing evaporation and drying processes to transform it into a dry form.

The global yogurt powder market has been experiencing significant growth in recent years, driven by a combination of evolving consumer preferences, increased demand for convenient and shelf-stable products, and the rising awareness of the health benefits associated with yogurt consumption. This blog will delve into the current trends, demand drivers, challenges, market analysis, and regional overviews shaping the yogurt powder industry.

Trends Shaping the Yogurt Powder Market:

Rising Health Consciousness:

As consumers become more health-conscious, there is a growing demand for products that offer nutritional benefits. Yogurt powder, derived from real yogurt, retains the probiotic properties and other health benefits associated with traditional yogurt consumption.

Convenience and Shelf Stability:

The convenience factor is a key driver in the yogurt powder market. Powdered yogurt can be stored for longer durations without refrigeration, making it an ideal choice for on-the-go consumers and those in regions with limited access to refrigeration.

 

Innovation in Flavor Profiles:

Manufacturers are focusing on expanding flavor options beyond traditional offerings. Unique and exotic flavors are gaining popularity, catering to diverse consumer tastes and preferences.

Application Diversity:

Yogurt powder is finding its way into a variety of food products, including beverages, desserts, snacks, and even savory dishes. This versatility is driving its adoption in the food industry.

Key Players are:

·       ACE International LLP (India)

·       MSK Ingredients Ltd. (UK)

·       WinCrest Bulk Foods, Inc (US)

·       Jarrow Formulas, Inc. (US)

·       Epi Ingredients (France)

·       Easiyo Products Limited (New Zealand)

·       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)

Demand Drivers:

Growing Awareness of Probiotics:

With an increased understanding of the importance of gut health, there is a rising demand for products containing probiotics. Yogurt powder, being a concentrated source of probiotics, is witnessing heightened interest from consumers seeking functional foods.

Preference for Clean-label Products:

Consumers are increasingly seeking products with simple, recognizable ingredients. Yogurt powder, often produced without artificial additives, aligns with the clean-label trend, attracting health-conscious consumers.

Rising Vegan and Plant-based Movement:

The shift towards plant-based diets is influencing the yogurt powder market. Manufacturers are developing dairy-free and plant-based yogurt powders to cater to the growing vegan consumer base.

Market Analysis and Challenges:

Market Report Insights:

According to recent market reports, the global yogurt powder market is expected to witness substantial growth over the coming years. Factors such as increasing disposable income, urbanization, and a burgeoning food industry contribute to this positive outlook.

Challenges in Sourcing Quality Raw Materials:

Ensuring a consistent and high-quality supply of raw materials, particularly milk or milk alternatives, poses a challenge for manufacturers. Fluctuations in the availability of quality ingredients can impact production and pricing.

Intense Competition:

The yogurt powder market is becoming increasingly competitive, with numerous players entering the space. To stay ahead, companies are focusing on innovation, product differentiation, and strategic partnerships.

Regional Overview:

North America:

The North American yogurt powder market overview is driven by the region's penchant for convenient and healthy snack options. The market benefits from the popularity of yogurt-based products and the ongoing trend of probiotics in functional foods.

Europe:

Europe, with its well-established dairy industry, is a significant player in the yogurt powder market. The region's consumers value the nutritional aspects of yogurt, contributing to the market's steady growth.

Asia-Pacific:

The Asia-Pacific region is witnessing robust growth due to changing dietary habits, increasing disposable incomes, and a rising awareness of health and wellness. The demand for convenient and nutritious products is particularly high in countries like China and India.

Browse related reports:

Gluten-free flours Market Research Report Information By Type (Sorghum, Amaranth, Rice, Oats, Millet, and Others), Category (Organic, Conventional), By Distribution Channel (Store-Based And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Detox Drinks Market Research Report: Information By Product Type (Water, Juice, Smoothie, Tea & Coffee and Others), By Category (Conventional and Organic), By Packaging Type (Bottles, Pouches & Sachets and Others), By Distribution Channel (Store-Based And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

PH no.: +1 646 845 9312

Email: sales@marketresearchfuture.com

Реклама
Поиск
Реклама
Категории
Больше
История
Snail Beauty Products Market is projected to grow at a CAGR of 5.5% by 2032
The global Snail Beauty Products Market was estimated to be US$ 1.25 billion in...
От Alex Banerjee 2023-06-02 12:09:06 0 913
Бизнес
Biofertilizers Market Share, Gross Margin, Revenue, Companies, Forecast 2022-2030.
Biofertilizers Market Introduction: As the world's population grows, it is more important than...
От James Thomas 2023-06-28 13:43:07 0 881
Разное
DW情侶對表:愛的見證,時間的守護
在這個快節奏的現代社會,時間不僅是我們日常生活中不可或缺的一部分,也是見證我們與所愛之人共同度過的美好時光。Daniel...
От Ting Wang 2024-07-13 02:24:42 0 207
Разное
Dairy Packaging market industry : recent development, regional coverage
The  Dairy Packaging Market Industry was USD 21.45 billion in 2022 and is projected to reach...
От Ramos Rashford 2024-02-02 04:58:45 0 703
Музыка
Security Screening Market Current Scenario Forecast to 2029
Security screening market size was US$ 7.68 Bn in 2022 and is expected to reach US$ 10.89 Bn by...
От Sandip Jagtap 2023-11-17 06:50:35 0 958