Yogurt Powder Market is driven by a rapidly increasing demand for convenient and versatile dairy products with a healthy CAGR of 6.9% during the forecast period of 2022 to 2030
Research Reports
Jul 14, 2023
Yogurt Powder Market Insights
According to MRFR analysis, the Yogurt Powder Market is expected to register a CAGR of 6.9% from 2022to 2030 and hold a value of over USD 1.83 billion by 2030.
The Yogurt Powder Market refers to the global industry involved in the production, distribution, and sale of yogurt powder as a food ingredient or standalone product. Yogurt powder is a dry form of yogurt obtained by removing the moisture content from fresh yogurt.
The market for yogurt powder has been growing steadily due to various factors. The increasing demand for convenient and ready-to-use food products, the rise in health-conscious consumer preferences, and the popularity of yogurt as a healthy snack option are driving the market growth.
The COVID-19 pandemic had a significant impact on the Yogurt Powder Market. The pandemic led to disruptions in global supply chains due to lockdown measures, travel restrictions, and reduced workforce availability. This resulted in challenges in sourcing raw materials and ingredients, affecting the production and distribution of yogurt powder.
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Regional Analysis
The largest region in the Yogurt Powder Market is Asia Pacific. The region has witnessed significant growth in the consumption of yogurt powder due to various factors such as a large population, changing dietary habits, increasing disposable incomes, and the growing popularity of convenience foods.
China, in particular, has emerged as a key market for yogurt powder, driven by the increasing demand for dairy products, rising health consciousness, and urbanization. The country’s growing middle class and their preference for healthy and convenient food options have contributed to the market’s expansion.
Market Segmentation
The Yogurt Powder Market has been segmented into product type, end use and sales channel.
Based on the product type, the market has been segmented into skimmed yogurt powder, semi-skimmed yogurt powder and whole yogurt powder.
Based on the end use, the market has been segmented into lactose free and conventional.
Based on the sales channel, the market has been segmented into store based and non store based.
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Key Players
Some of the key market 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)
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