Yoghurt Powder Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

Report Code: FBR 13351 Report Format: PDF + Excel (Delivery in 48 Hrs)

Yoghurt Powder Market Overview

Yoghurt Powder Market size is forecast to reach $1.6 billion by 2026, growing at a CAGR of 6.7% during the forecast period 2021-2026. Yogurt powder is also called dried yogurt, which is a dairy product obtained by removing moisture from yogurt till the dry matter is left as a residue. Yogurt Powder constitutes fresh skimmed milk, which is further involved in processes like pasteurization, evaporation freeze drying, and microwave drying. The distinctive tart flavor caters to a variety of applications in frozen dairy based desserts like ice creams, sauces & gravies, infant formula, frostings, smoothies, whipped cream/toppings, icings, and more without adding moisture as well as in confectionery coatings namely nutrition bars, dried fruits, snacks and cereal inclusions. Growing adoption of healthy lifestyle and awareness regarding nutritional diet is the key factor driving the market growth. It helps to improve the digestive health and immune system. A rising preference for on-the-go nutritious food owing to rapid urbanization is anticipated to augment the market growth. Fresh yogurt being a constituent of yogurt powder makes it rich in vitamin B6, vitamin B12, calcium, vitamin D, protein, and riboflavin among others. Increasing consumer awareness regarding the harmful effects of high sugar content, artificial colors, additives, and preservatives has encouraged bakery and confectionery manufacturers to use yogurt based powder which is set to further enhance the overall market developments of the Yoghurt Powder Market for the period 2021-2026.

Report Coverage

The report:Yoghurt Powder Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Yoghurt Powder Market.
By Product Type: Skimmed Yoghurt Powder, Semi-Skimmed Yoghurt Powder, and Whole Yoghurt Powder
By Application: Food & Beverages, Bakery & Confectioneries, Cosmetics & Skin Care Products, and Household
By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, and Online Sales Channels
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

Key Takeaways

  • Europe dominated the Yoghurt Powder Market in 2020 owing to the growing popularity of yogurt based breakfast recipes involving sauces & gravies all throughout the European Union. The Yoghurt Powder Market scope for different regions will be provided in the final report.
  • Growing number of health conscious consumers coupled with rising awareness regarding high nutritive value of yoghurt powder are likely to aid the market growth of the Yoghurt Powder Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Yoghurt Powder Market report.
  • Growing number of lactose intolerant people is poised to create the hurdles for the Yoghurt Powder Market.

Yoghurt Powder Market Revenue Share, By Geography, 2020(%)

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Yoghurt Powder Market Segment Analysis – By Product Type

The Skimmed yoghurt segment held the largest share in the Yoghurt Powder Market in 2020 and is estimated to grow at a CAGR 6.1% during the forecast period 2021-2026. This is owing to the growing consumer awareness regarding low-fat content of the product which is the key driver of this segment. Moreover, the product is widely used as an ingredient for manufacturing meat products, infant formulas, confectionery, ice creams, processed cheese, and dairy-based frozen products. This factor is likely to augment the market growth. However, whole yoghurt powder is extensively utilized for adding tangy yogurt flavor for toppings, icings, smoothies, frosting, and other frozen products without the additional moisture of the fresh yogurt, which is likely to augment the growth of this segment. Whole yoghurt segment is estimated to register the higher CAGR over the period 2021-2026.

Yoghurt Powder Market Segment Analysis – By Distribution Channel

The Hypermarkets/Supermarkets segment held the largest share in the Yoghurt Powder Market in 2020 and is estimated to grow at a CAGR 6.4% during the forecast period 2021-2026. This is owing to the exhaustive lineup of products that hypermarkets are able to put on display at the same time and place, thereby making buying experience convenient for consumers. Moreover, supermarkets also hold the potential to provide discount coupons when bought in more than usual quantity, which is a win-win situation for consumers. However, online sales channels are gaining a lot of traction with internet penetration a lot of sub-urban and rural areas of different economies. Consumers can procure their products from the comfort of their home and millennials are majorly attracted to online shopping than the more conventional ways. Online sales channels are estimated to register the higher CAGR over the period 2021-2026.

Yoghurt Powder Market Segment Analysis – By Geography

Europe dominated the Yoghurt Powder Market with a major share of 39.7% in 2020. This is attributed to the factors like growing popularity of yogurt based breakfast recipes all throughout the European Union, especially in Scandinavian countries which is expected to cater well for the regional growth. Additionally, growing awareness of consumers surrounding health benefits of the product is projected to further fuel the growth.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising consumer preference for nutritious and healthy food products. Moreover, the growing aging population and prevalence of obesity is expected to drive the regional market.

Yoghurt Powder Market Drivers

Increasing number of health conscious consumers is driving the market growth

Over the recent past, the number of health conscious consumers has increased manifold along with the scope of availability of yoghurt based products globally. Consumers have become aware about gut health, as the prevalence of health conditions associated with digestive system is increasing at a steady pace. The preference of consumer towards natural ingredients is being accepted by manufacturers, which is propelling the market’s growth. Significant investments in R&D facilities for the improvement of manufacturing processes of food products, innovate, and add value to them in terms of nutritional profile drives the growth of the market. For instance, in February 2019, British government issued guidelines to reduce the sugar content in fermented yogurt products by 20% by 2021. Thus, increasing the growth of the Yoghurt Powder Market during the forecast period 2021-2026. 

Growing awareness regarding high nutritive value of yoghurt powder is poised to increase the growth of the market

Yogurt powder contains essential nutrients like vitamin D, potassium, phosphorus, calcium, and protein. This is because it is considered beneficial for the prevention of osteoporosis. According to the International Osteoporosis Foundation (IOF), more than 200 million people were affected by osteoporosis worldwide, in 2020. Around 30% of all postmenopausal women in Europe and the U.S. have osteoporosis. The disease affects more than 75 million people in the U.S., Europe, and Japan. The high prevalence is anticipated to propel the demand for nutrient-dense foods, which in turn is projected to drive the yogurt powder market. Thus, increasing the growth of the Yoghurt Powder Market during the forecast period 2021-2026.

Yoghurt Powder Market Challenges

Growing number of lactose intolerant people is likely to challenge the market growth

Some of the factors that are set to impede the growth of the Yoghurt Powder Market are rising cases of lactose intolerance in the population across the globe. Lactose intolerance further leads to ailments like diarrhea, acne, gas and bloating, thereby, restricting the consumption of yoghurt powder and reducing its demand. Further, lack of sufficient storage facilities, vulnerability to transportation is hindering the market’s growth.

Yoghurt Powder Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Yoghurt Powder Market. In 2020, the Yoghurt Powder Market share is fragmented by the top ten players present in the market. The Yoghurt Powder Market, top 10 companies are:

  1. Urban Platter
  2. Jarrow Formulas Inc.
  3. Sweet Pomona GROUP PTY LTD
  4. WinCrest Bulk Foods Inc.
  5. Bluegrass Dairy & Food Inc.
  6. Armor Protéines
  7. BioGrowing Co. Ltd.
  8. Grande Cheese Company
  9. Bempresa

Recent Developments:

  • In May 2021, South Africa’s Squish launched 200ml pouch range of ready-to-eat 100% fruit and veg and yoghurt purees and pressed juices. 
  • In April 2020, DuPont Nutrition & Biosciences has announced the global launch of its Yo-Mix Prime cultures yoghurt series, by reducing the addition of sugar, saving formulation costs and enhancing process flexibility.

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1. Yoghurt Powder Market- Overview
    1.1 Definitions and Scope
2. Yoghurt Powder Market- Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Distribution Channel
3. Yoghurt Powder Market– Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Yoghurt Powder Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Yoghurt Powder Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Yoghurt Powder Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Yoghurt Powder Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Yoghurt Powder Market– By Product Type(Market Size –$Million/$Billion)
    8.1 Skimmed Yoghurt Powder
    8.2 Semi-Skimmed Yoghurt Powder
    8.3 Whole Yoghurt Powder
9. Yoghurt Powder Market– By Application(Market Size –$Million/$Billion)
    9.1 Food and Beverages
    9.2 Bakery and Confectioneries
    9.3 Cosmetics and Skin Care Products
    9.4 Household
10. Yoghurt Powder Market– By Distribution Channel(Market Size –$Million/$Billion)
    10.1 Supermarkets/Hypermarkets
    10.2 Specialty Stores
    10.3 Online Sales Channels
11. Yoghurt Powder Market- By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
        11.3 Asia Pacific
    11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Yoghurt Powder Market- Entropy
13. Yoghurt Powder Market– Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Yoghurt Powder Market– Key Company List by Country Premium Premium
15. Yoghurt Powder Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
1.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Global Industry Research
1.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Global Industry Research
1.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Global Industry Research
2.Global YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
2.1 ONLINE RETAIL Market 2019-2024 ($M) - Global Industry Research
2.2 SPECIALTY STORES Market 2019-2024 ($M) - Global Industry Research
2.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Global Industry Research
2.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Global Industry Research
3.Global YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 (Volume/Units)
3.1 SKIMMED YOGURT POWDER Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 WHOLE YOGURT POWDER Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units)
4.1 ONLINE RETAIL Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 SPECIALTY STORES Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 DEPARTMENTAL STORES Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
5.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
5.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
5.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
6.North America YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
6.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
6.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
6.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
6.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
7.South America YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
7.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
7.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
7.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
8.South America YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
8.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
8.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
8.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
8.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
9.Europe YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
9.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
9.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
9.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
10.Europe YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
10.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
10.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
10.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
10.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
11.APAC YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
11.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
11.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
11.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
12.APAC YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
12.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
12.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
12.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
12.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research
13.MENA YOGURT POWDER MARKET BY PRODUCT TYPE Market 2019-2024 ($M)
13.1 SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
13.2 SEMI-SKIMMED YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
13.3 WHOLE YOGURT POWDER Market 2019-2024 ($M) - Regional Industry Research
14.MENA YOGURT POWDER MARKET BY DISTRIBUTION CHANNEL Market 2019-2024 ($M)
14.1 ONLINE RETAIL Market 2019-2024 ($M) - Regional Industry Research
14.2 SPECIALTY STORES Market 2019-2024 ($M) - Regional Industry Research
14.3 SUPERMARKETS/HYPERMARKETS Market 2019-2024 ($M) - Regional Industry Research
14.4 DEPARTMENTAL STORES Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Yoghurt Powder Market Revenue, 2019-2024 ($M)
2.Canada Yoghurt Powder Market Revenue, 2019-2024 ($M)
3.Mexico Yoghurt Powder Market Revenue, 2019-2024 ($M)
4.Brazil Yoghurt Powder Market Revenue, 2019-2024 ($M)
5.Argentina Yoghurt Powder Market Revenue, 2019-2024 ($M)
6.Peru Yoghurt Powder Market Revenue, 2019-2024 ($M)
7.Colombia Yoghurt Powder Market Revenue, 2019-2024 ($M)
8.Chile Yoghurt Powder Market Revenue, 2019-2024 ($M)
9.Rest of South America Yoghurt Powder Market Revenue, 2019-2024 ($M)
10.UK Yoghurt Powder Market Revenue, 2019-2024 ($M)
11.Germany Yoghurt Powder Market Revenue, 2019-2024 ($M)
12.France Yoghurt Powder Market Revenue, 2019-2024 ($M)
13.Italy Yoghurt Powder Market Revenue, 2019-2024 ($M)
14.Spain Yoghurt Powder Market Revenue, 2019-2024 ($M)
15.Rest of Europe Yoghurt Powder Market Revenue, 2019-2024 ($M)
16.China Yoghurt Powder Market Revenue, 2019-2024 ($M)
17.India Yoghurt Powder Market Revenue, 2019-2024 ($M)
18.Japan Yoghurt Powder Market Revenue, 2019-2024 ($M)
19.South Korea Yoghurt Powder Market Revenue, 2019-2024 ($M)
20.South Africa Yoghurt Powder Market Revenue, 2019-2024 ($M)
21.North America Yoghurt Powder By Application
22.South America Yoghurt Powder By Application
23.Europe Yoghurt Powder By Application
24.APAC Yoghurt Powder By Application
25.MENA Yoghurt Powder By Application
26.JARROW FORMULAS INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.URBAN PLATTER, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.WINCREST BULK FOODS INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.SWEET POMONA GROUP PTY LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.ARMOR PROTINES, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.BLUEGRASS DAIRY AND FOOD INC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.GRANDE CHEESE COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.BIOGROWING CO. LTD, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.PROLACTAL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.BEMPRESA, Sales /Revenue, 2015-2018 ($Mn/$Bn)