The global yogurt powder market size is expected to reach USD
834.5 million by 2025, according to a new report by Grand View Research, Inc.
It is anticipated to expand at a CAGR of 6.9% during the forecast period.
Changing dietary preferences of consumers and increasing adoption of healthier
diets are the key factors for driving the growth. Yogurt powder is a rich
source of vitamin B6, vitamin B12, calcium, vitamin D, protein, and riboflavin
among other nutrients, which in turn is anticipated to fuel the product demand.
Key manufacturers are expanding
distribution channels by launching new supermarkets, warehouses, and exclusive
stores to increase the product visibility and customer reach across developed
countries. For instance, in January 2017, EasiYo, yogurt brand from New Zealand
announced its partnership with Ornua Nutrition Ingredients (ONI), a U.K. based
supplier of nutritional ingredients to expand its supply chain in Europe. The
production facility is utilized for packaging and distribution of full range of
natural and flavored yogurt powder and other products for the Europe market.
This strategic move is expected to boost offline availability of the product in
near future.
Europe held the largest market share
of 31.5% in 2018. Over the past few years, major players operating in the
regional yogurt powder market are adopting marketing strategies such as
innovative product launches to cater to the increasing demand for powder and
dehydrated yogurt from confectionery and bakery industry. For instance, in
September 2018, Epi Ingrédients launched an innovative and high-protein content
yogurt based powder under the brand name SoBenefik. Such new product launches
are anticipated to bode well for the overall market growth.
Browse full research report on Yogurt Powder Market: https://www.grandviewresearch.com/industry-analysis/yogurt-powder-market
Further key findings from the report suggest:
- In
terms of revenue, Asia Pacific is projected to witness the fastest CAGR of
7.3% from 2019 to 2025
- Skimmed
yogurt powder product segment is expected to witness the fastest CAGR of
7.1% during the forecast period
- Europe
held the largest market share of 31.5% in terms of revenue 2018
- Key
players operating in the yogurt powder market include Glanbia
Nutritionals; Epi Ingrédients; Kerry Inc.; Batory Foods; Bluegrass Dairy
& Food, Inc.; Prolactal GmbH; CP Ingredients; Ace International LLP;
EasiYo; and ENKA SÜT A.S.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/yogurt-powder-market/request/rs1
Grand View Research has segmented the global yogurt powder market
on the basis of product, end use, and region:
Yogurt Powder Product Outlook (Revenue, USD Million, 2015 - 2025)
- Skimmed
- Semi-Skimmed
- Whole
Yogurt Powder End Use Outlook (Revenue, USD Million, 2015 - 2025)
- Household
- HoReCa
- Industrial
Yogurt Powder Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- U.K.
- France
- Germany
- Asia
Pacific
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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