Market Overview

Global 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 dairy product obtained from drying milk, which is fermented using Streptococcus thermophilus and Lactobacillus bulgaricus. Yogurt powder is rich in calcium and proteins. According to the US Office of Disease Prevention and Health Promotion, children aged nine and above should consume three servings of milk, cheese, or yogurt each day. The calcium in yogurt powder helps in making bones strong and prevent tooth decay. Consuming yogurt powder also helps in completing the daily recommended intake of protein. Many yogurt powder manufacturers are developing new flavors based on consumer preferences. Due to these factors, it is anticipated that the global yogurt powder market will grow at a robust rate.

Leading Players

Some of the key players in the Global Yogurt Powder Market are MSK Ingredients Ltd. (UK), WinCrest Bulk Foods, Inc (US), Dr. Otto Suwelack Nachf. GmbH & Co. KG (Germany), Lyo-San Inc. (Canada), Bempressa (Poland), Prolactal (Austria), Bluegrass Dairy & Food, Inc (US), Batory Foods (US), CP Ingredients Ltd. (Ireland), Jarrow Formulas, Inc. (US), Epi Ingredients (France), Easiyo Products Limited (New Zealand), and ACE International LLP (India).

Regional Analysis

Global Yogurt Powder Market has been segmented, based on region, into North America, Europe, Asia-Pacific, and the rest of the world.

The market in North America is expected to dominate the global yogurt powder market, during the forecast period due to the widespread awareness about the benefits of consuming yogurt and changing preference toward a healthy lifestyle. Moreover, yogurt powder is readily available in different flavors in this region, which is projected to support the growth of yogurt powder market. Additionally, increasing use of yogurt powder in various food applications is expected to encourage the demand for yogurt powder in this region.

The European market is expected to retain a significant share of the global yogurt powder market due to the availability of different flavors of yogurt powder in this region. Moreover, increasing demand for bakery and confectionery products in the region is expected to boost the growth of yogurt powder market in Europe.  

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Industry Segment

The global flavored yogurt market has also been segmented by product type, flavor, category, and distribution channel.

By product type, the global flavored yogurt market has been classified as skimmed yogurt powder, semi-skimmed yogurt powder, and whole yogurt powder. It is expected that whole yogurt powder segment will dominate the global yogurt powder market during the forecast period, whereas skimmed yogurt powder segment will register the highest CAGR.

On the basis of flavor, the global flavored yogurt market has been bifurcated into plain and flavored. The plain segment is predicted to retain the larger share of the global yogurt powder market, while the flavored segment is expected to register the higher CAGR. 

The global yogurt powder market has been segmented, on the basis of category, into lactose-free and conventional. The conventional segment is projected to gain the larger share of the global yogurt powder market during the study period. The lactose-free segment is expected to register the higher CAGR.