Yogurt Powder Market is expected to register a CAGR of 7.8% from 2019 to 2024 and reach USD 432 million by the end of 2024. Yogurt powder is a dry type of yogurt made from pasteurized, cultured milk that has been evaporated and dried. Yogurt powder is high in protein and has a varied amino acid profile. Yogurt powder is high in calcium and contains a decent quantity of vitamin A.
One of the primary advantages of yogurt powder is that it can be stored for longer periods of time than fresh yogurt; this is one of the major factors propelling the global yogurt powder market forward. Because of its use in beverages, dips, bread products, soups, and salad dressings, yogurt powder is becoming increasingly popular. Yogurt powder is frequently used to coat dried fruits in sweets, as well as snacks, cereal additions, and nutrition bars. The global yogurt powder sector is predicted to increase as a result of this. Furthermore, this powder has a long shelf life, is highly soluble, low in calories, and high in protein, making it ideal for use in dips like hummus. The use of yogurt powder is widely recognized by producers, which stimulates market growth, as customers are more attracted toward natural ingredients and have grown health concerned.
Skin care and cosmetics made with natural ingredients are preferred by a large number of consumers. Yogurt powder has been shown to have several skin health benefits and is widely employed as a natural & organic component by skin care and cosmetics producers, fueling the worldwide yogurt powder market's rise.
However, the risk of lactose intolerance, which can lead to health problems like acne, diarrhea, bloating, and gas, is projected to limit market expansion.
The notable players of the market 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).
Product type, taste, category, distribution channel, and geography have all been used to segment the worldwide yogurt powder market.
Skimmed yogurt powder, semi-skimmed yogurt powder, and whole yogurt powder are the three product types that make up the global market.
The global market has been divided into plain and flavored segments based on flavor.
The global market has been separated into two categories: lactose-free and conventional.
Store-based and non-store-based distribution channels have been used to characterize the global market. Supermarkets and hypermarkets, convenience stores, and others are all part of the store-based division.
Because of increased awareness about the advantages of yogurt and a demand for low-calorie snacks, North America is likely to lead the worldwide yogurt powder market. Furthermore, the market for yogurt powder is predicted to increase in this region due to many applications of yogurt powder in baking and confectionery items. Due to changing lifestyles and a preference for healthier food options, the market in Asia-Pacific is predicted to grow at the fastest rate during the research period. Furthermore, rising per capita disposable incomes in many Asian nations, including as India and China, are expected to propel the yogurt powder market in this region forward.
The rest of the globe market is predicted to increase at a rapid pace, as demand for yogurt powder rises in nations across South America and the Middle East as people become more aware of the benefits of yogurt.
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