Yogurt Powder Market – Important Takeaways
- North America and Europe holds the largest revenue share while Middle East region is set to witness better growth.
- Leading players are working on marketing, higher compatibility and innovation of products to accelerate market growth.
- Global yogurt powder market will register a CAGR value of 7.5% through the forecast period (2029-2029).
- Product wise, skimmed yogurt powder will present better investment opportunities as the market is expected to expand.
Yogurt Powder Market – Driving Factors
- Innumerable use of yogurt powder in food, bakery, beverages, household, cosmetic and personal car is driving the market.
- Visible expanding preference for diet conscious meals and addition of probiotics in diets will help the market witness steady growth.
- There is an increasing demand for skimmed yogurt powder in North America and Europe due to rising number of health conscious population.
- Owing to rising income, shifting life-style and investments by international companies, competitive structure will be shaped.
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Yogurt Powder Market – Key Restraints
- Entry of new players can be at stake due to higher cost competition.
- Poor product innovation is affecting the market growth negatively.
Expected Impact on Market by Coronavirus Outbreak
Falling in the food and beverage industry, yogurt powder market is likely to revive soon because people are shifting to a better and healthier lifestyle. Manufacturing and production of raw materials required is easily available but due to slower trade process on account of social distancing, market can face pressure too. Though food retail and manufacturers might experience loss yet the demand is only going to increase due to the benefit it provides.
Competitive Landscape
Major players in the market include Glanbia Plc, Epi Ingredients, Ace International LLP, Almil AG and Kerry Inc., All of these leading players work on building collaborations with major manufacturers to magnify their production capacity.
Some of the leading companies operating in the yogurt powder market are:
- Glanbia PLC
- Epi Ingredients SAS
- Bempresa Ltd.
- Armor Protéines
- Döhler Dahlenburg
- C.P. Ingredients Ltd
- Bluegrass Dairy & Food, Inc.
- Dr. Suwelack
- Kerry Group
- Bayerische Milchindustrie eG
- PreGel AMERICA, Inc.
- ACE International LLP
- Ballantyne
- BALTIMA Sp. z o.o.
- Biogrowing
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Yogurt powder Market by Category
Product type
- Skimmed Yogurt Powder
- Semi-Skimmed Yogurt Powder
- Whole Yogurt Powder
Nature
- Organic
- Conventional
Flavour
- Regular
- Flavoured
- Berries
- Vanilla
- Chocolate
- Peach
- Mango
- Banana
- Apple
- Others (Passion Fruit, Blends)
Application
- Food Industry
- Dips and Dressings
- Fillings
- Bakery
- Nutrition and Snack Bar
- Desserts
- Frozen Novelties
- Dry Mixes
- Others (Meat Products, Cereals)
- Beverages
- Cosmetics and Personal Care
End Use
- Household
- HoReCa
- Industrial
- Food and Beverage Processors
- Cosmetic Manufacturers
Key Questions Answered in the Lactose Report
Q1. Which is the most lucrative market for yogurt powder?
Q2. Which type of yogurt powder is highly sought-after?
Q3. Which technology is most used by yogurt powder production?
Q4. Which are some of the leading companies offering yogurt powder?
Q5. Which end user is driving yogurt powder sales?
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