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 form of yogurt obtained from cultured and pasteurized milk which is then evaporated and dried. Yogurt powder contains high amounts of protein with a diverse amino acid profile. Yogurt powder is a good source of vitamin A and contains high amounts of calcium. One of the main benefits of yogurt powder is that it can be stored for a longer period as compared to fresh yogurt; this is one of the major factors driving the growth of global yogurt powder market. Yogurt powder is becoming increasingly popular due to its applications in beverages, dips, bakery products, soups, and salad dressings. Yogurt powder is also used in confectionery coatings of dried fruits, snacks, cereal inclusions, and nutrition bars. This is expected to fuel the growth of the global yogurt powder industry. However, the heat in the drying process kills live and active cultures which are beneficial to humans; this can hamper the growth of the global yogurt powder industry.
The global yogurt powder market has been segmented based on product type, flavor, category, distribution channel, and region.
The global market has been classified, based on product type, as skimmed yogurt powder, semi-skimmed yogurt powder, and whole yogurt powder.
The global market has been bifurcated, on the basis of flavor, into plain and flavored.
By category, the global market has been divided into lactose-free and conventional.
The global market has been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment is further classified into supermarkets and hypermarkets, convenience stores, and others.
The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American yogurt powder industry has further been segmented into the US, Canada, and Mexico.
The European yogurt powder industry has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The yogurt powder industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The yogurt powder industry, in the rest of the world, has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Yogurt Powder Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
Globally, the market in North America is expected to dominate the global yogurt powder market due to increased awareness about the benefits of yogurt, and the preference for low-calorie snacks. Moreover, several applications of yogurt powder in bakery and confectionery products is expected to fuel the growth of yogurt powder market in this region. The market in Asia-Pacific is expected to register the highest CAGR during the review period owing to the changing lifestyle and preference for healthier food options. Additionally, increasing per capita disposable incomes in many Asian countries like India and China is projected to boost the growth of the yogurt powder market in this region.
The market in the rest of the world is expected to register an impressive growth rate as the demand for yogurt powder is increasing in various countries of South America and the Middle East, due to increasing awareness about benefits of yogurt.
Global Yogurt Powder Market, by Product Type
Global Yogurt Powder Market, by Flavor
Global Yogurt Powder Market, by Category
Global Yogurt Powder Market, by Distribution Channel
Supermarkets and Hypermarkets
Global Yogurt Powder Market, by Region