The global yogurt powder market size is expected to reach USD 1.11 billion by 2030. It is anticipated to grow at a CAGR of 6.7% from 2024 to 2030. 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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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.
Yogurt Powder Market Report Highlights
- Whole yogurt powder dominated the market and accounted for the largest revenue share of 42.4% in 2023 due to growing consumer preference for full-fat dairy products.
- Sachets/pouches dominated the market and accounted for the largest revenue share of 49.7% in 2023 due to their convenience and portability.
- HoReCa (Hotel/Restaurant/Cafe) held the largest revenue share of 40.9% in 2023 due to the increasing demand for convenient, nutritious, and versatile food options.
- North America yogurt powder market dominated the market with a revenue share of 40.4% in 2023.
The leading players in the Yogurt Powder market include:
- Glanbia plc
- Epi Ingrédients
- Kerry Group plc.
- Batory Foods
- Bluegrass Ingredients, Inc.
- Prolactal
- CP Ingredients
- Ace International LLP
- EasiYo Products Limited, EasiYo Foodservice Limited.
- ENKA SÜT A.S.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Yogurt Powder Market Variables, Trends, & Scope
Chapter 4. Yogurt Powder Market: Product Estimates & Trend Analysis
Chapter 5. Yogurt Powder Market: Packaging Estimates & Trend Analysis
Chapter 6. Yogurt Powder Market: End Use Estimates & Trend Analysis
Chapter 7. Yogurt Powder Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Yogurt Powder market include:- Glanbia plc
- Epi Ingrédients
- Kerry Group plc.
- Batory Foods
- Bluegrass Ingredients, Inc.
- Prolactal
- CP Ingredients
- Ace International LLP
- EasiYo Products Limited, EasiYo Foodservice Limited.
- ENKA SÜT A.S.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 708.8 Million |
| Forecasted Market Value ( USD | $ 1110 Million |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
