Yogurt Powder Market Scope
Yogurt powder is yogurt that has been transformed into a dry, powdered form through the removal of its moisture content. This conversion process entails evaporating the liquid from the yogurt at low temperatures to preserve its taste and nutritional value. The resulting powder can be mixed with water to restore it to its original yogurt consistency or utilized as a flavor enhancer and thickening agent in a variety of culinary applications, including smoothies, baked goods, sauces, dressings, and desserts. Its popularity stems from its convenience and longer shelf life compared to fresh yogurt. The yogurt powder market is driven by increasing demand for convenient dairy products and its versatility in various food applications. However, challenges like fluctuating raw material prices and preserving yogurt's nutritional integrity exist. Yet, opportunities arise from technological advancements and the trend of using yogurt powder in dietary supplements and sports nutrition.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Glanbia PLC (Ireland), Epi Ingredients SAS (France), Bempresa Ltd. (Poland), Armor Protéines (France), Döhler Dahlenburg (Germany), C.P. Ingredients Ltd (Ireland), Bluegrass Dairy & Food, Inc. (United States), Bayerische Milchindustrie eG (Germany) and PreGel AMERICA, Inc. (United States) |
CAGR | % |
The manufacturers are focusing on mergers & acquisitions to improve their market share and overall market position. Product launches, research, and expansion of the existing product portfolio are some of the other strategies that should be considered to gain ground in the market during the assessment period. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Yogurt Powder market throughout the predicted period.
Glanbia PLC (Ireland), Epi Ingredients SAS (France), Bempresa Ltd. (Poland), Armor Protéines (France), Döhler Dahlenburg (Germany), C.P. Ingredients Ltd (Ireland), Bluegrass Dairy & Food, Inc. (United States), Bayerische Milchindustrie eG (Germany) and PreGel AMERICA, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kerry Group (Ireland), ACE International LLP (New Delhi) and Ballantyne (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Yogurt Powder market by Type , by Application (Food Industry, Beverages, Cosmetics and Personal Care and Others) and Region with country level break-up.
On the basis of geography, the market of Yogurt Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2022, Kerry Group plc the global taste & nutrition company, acquired the business to business (B2B) powdered cheese business and related assets of The Kraft Heinz Company for consideration¹ of USD107.5m. The business acquired has 62 employees and one manufacturing facility at Albany, Minnesota.
In August 2023, Skyrrup, the launch of lactose-free Greek Yogurt for yogurt lovers. With a protein content of 7.5 grams & made from A2 Cow Milk, Skyrrup’s Greek Yogurt not only provides essential nourishment but also delights the senses.
Influencing Trend:
The increasing popularity of vegan and plant-based yogurt and Growing usage of yogurt powder in sports nutrition products
Market Growth Drivers:
Increasing health awareness, Increasing population and Increasing preference for on-the-go nutritious food
Challenges:
Raw material price fluctuation, Availability of fresh yoghurt and Consumer perception
Restraints:
Risk of lactose intolerance leading to health issues
Opportunities:
Increasing use of yogurt powder in the pet food industry and The rising popularity of yogurt-based drinks and smoothies
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry