The global yogurt powder market is on a trajectory of robust expansion, with projections estimating its value to reach approximately $834.5 million by 2025, growing at a compound annual growth rate (CAGR) of 6.9% from 2019 to 2025.
This surge is primarily driven by shifting consumer dietary preferences and an increasing inclination towards health-conscious food choices.
Understanding Yogurt Powder
Yogurt powder, also known as dried yogurt, is produced by removing moisture from fresh yogurt, resulting in a shelf-stable powder rich in essential nutrients such as vitamin B6, vitamin B12, calcium, vitamin D, protein, and riboflavin. Its versatility makes it a favored ingredient in various applications, including dips, ice creams, sauces, gravies, beverage mixes, and even skincare products.
Key Market Drivers
Regional Insights
Market Segmentation
The yogurt powder market is segmented based on product type:
Among these, the skimmed yogurt powder segment is expected to witness the fastest growth, with a CAGR of 7.1% during the forecast period.
Industry Players and Strategic Initiatives
Key players in the yogurt powder market include Glanbia Nutritionals, Epi Ingredients, Kerry Inc., Batory Foods, and Bluegrass Dairy & Food, Inc. These companies are focusing on expanding their distribution networks and enhancing product visibility. For instance, in January 2017, EasiYo, a New Zealand-based yogurt brand, partnered with Ornua Nutrition Ingredients to strengthen its supply chain in Europe, aiming to boost offline availability of its products.
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Future Outlook
The yogurt powder market is poised for substantial growth in the coming years. Factors such as increasing health awareness, product versatility, and strategic expansions by key industry players are expected to drive this upward trend. As consumers continue to seek convenient, nutritious, and versatile food options, yogurt powder stands out as a promising choice in the global market.