Published Date: 2019-07-31 | Pages: Ongoing | Tables: Ongoing | Report ID: 7336
Industry: Food & Beverages
The global yogurt powder market is predicted to largely benefit from daily consumption of yogurt through breakfast as well as other meals, especially in European and North American countries. Rising trend of clean label products and increasing demand for gut-friendly probiotics could be other leading factors driving the growth of the global market. Vendors are foretold to concentrate on developing healthier, organic products to attract more consumers in future.
In January 2019, Irish taste and nutrition leader Kerry introduced its new fully non-GMO solution Acryleast to reduce acrylamide, a potential carcinogen, by up to 90%. The new non-GMO yeast was launched in partnership with Renaissance BioScience, a Canadian developer of yeast-based proprietary technology solutions.
Application of Yogurt Powder as Nutritional Filling to Boost Demand
High demand for yogurt powder in the food processing and foodservice industries due to its longer shelf life compared to fresh yogurt and multiple health benefits is expected to promise strong growth to the global market. Yogurt powder is widely used as a nutritional filling and healthy sprinkler in the food industry. Growing inclination toward probiotics, especially among people with digestive problems, is foreseen to bode well for the global yogurt powder market. The factor of convenience associated with the use of the powdered form of yogurt could add to the global market growth.
Product Innovation could Help New Entrants with Market Entry
The global yogurt powder market marks the presence of top companies such as Glanbia Nutritionals, Bluegrass Dairy & Food, Inc., Schwarzwaldmilch GmbH, Kerry Inc., All American Foods, Inc., Baltima Sp. z.o.o., Ornua Co-operative Limited, Döhler Dahlenburg GmbH, Dr. Otto Suwelack Nachf. GmbH & Co. KG, Prolactal GmbH, BioGrowing Co. Ltd., Bartex Sp. z.o.o., EPI Ingredients, PreGel America, Inc., Bayerische Milchindustrie eG, CP Ingredients Ltd., Grand Custom Ingredients Group, Almil AG, Ostmilch Handels GmbH, Armor Proteines, Lactoland Trockenmilchwerk GmbH, Bempresa Ltd., Ballantyne Foods Pty. Ltd., ACE International LLP, and Enka Süt.
Vendors are expected to invest in research and development to introduce more nutritious products in the global yogurt powder market. New players may rely on innovative strategies such as launching attractive products to enter the global market. In February 2019, Glanbia Nutritionals, an American provider of innovative nutritional solutions, expanded its custom nutrient premix production footprint in the US with the acquisition of Watson, a US supplier of custom nutrient premixes and ingredients.
By Product Type
● Skimmed Yogurt Powder
● Semi-skimmed Yogurt Powder
● Whole Yogurt Powder
o Passion Fruit
o Blends (Mixed)
By End User
● Food Industry
o Dips and Dressing
o Nutrition and Snacks Bars
o Frozen Novelties
o Meat Products
o Dry Mixes
● Cosmetics and Personal Care
By Sales Channel
o Departmental and Convenience Stores
o Specialty Stores
o Online Retail
Researchers anticipate skimmed yogurt powder to become a highly lucrative segment in future, taking into consideration the rising focus on reducing body fat to avoid obesity and related diseases. Flavored could emerge as a popular segment of the global yogurt powder market because of the continuous launch of innovative products and large demand for berries and vanilla flavors. Among end users, the food industry is projected to collect a telling market share due to high use of yogurt powder as confectionery coating as well as food coating to increase nutritional value of cereals, snacks, and dried fruits. Among distribution channels, B2B is expected to take the lead in the global market.
Europe could be one of the most profitable regional markets for yogurt powder due to high health consciousness among people. North America is also anticipated to exhibit impressive market growth as it rides on key drivers such as high use of yogurt in breakfast meals. Asia Pacific could grow at a quicker rate in the global yogurt powder market because of the rising trend of yogurt mixes, increased product innovation, and presence of a strong number of consumers.
Price analysis is an important business tool that can help players to tighten their grip on individual global markets. This report offers exhaustive competitor price analysis capable of assisting yogurt powder vendors to improve their sales and profits. The price analysis explains in detail the historical, current, and future price and cost-related scenarios of the global yogurt powder market.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Food and beverages sector is considered to be one of the fastest-growing one. Growth of its various industries, right from processing, packaging, and labelling amongst others, have witnessed unbelievable transformation over the years. Players in the food and beverages industry are constantly catering to the changing lifestyle needs that are at times characterized by healthy eating habits or higher purchasing power. The food and beverages industry is extremely dynamic and hence requires a constant watch.
Our researchers have created a repository of thoroughly-researched reports that are aimed at offering the readers a detailed outlook of the industry. Analysts have focused on issues such as food security, evolving demographics, and changing dietary habits. Packaging and innovation therein, along with emerging trends such as organic food items have been discussed through these publications.
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