Global Yogurt Powder Market Growth, Size, Share and Forecast to 2025
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.
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.
About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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