New York, NY, Aug. 02, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Yogurt Powder Market By Type (Skimmed, Semi-Skimmed, and Whole), By Application (Food & Beverages, Personal Care, Pharmaceuticals, and Cosmetics), and By Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global yogurt powder market accounted for USD 210 million in 2018 and is expected to reach around USD 384 million by 2026, at a CAGR of 7.8% between 2019 and 2026.
Yogurt powder is prepared via the process of milk fermentation and then processing it in the form of dry yogurt. This powdered form of yogurt is rich in calcium, protein, riboflavin, vitamin B12, and vitamin B6. The product is even suitable for lactose-intolerant individuals, which has made it garner consumer acceptability worldwide. The global yogurt powder market is expected to show significant growth over the forecast time period, owing to the growing yogurt powder application in the food and beverage industry due to its delicious flavor. Moreover, the yogurt powder market has witnessed a significant rise in gut-friendly products owing to the growing prevalence of digestive system problems. Furthermore, the increasing health-conscious population base is also boosting the market to a great extent. However, some consumers prefer to use yogurt instead of yogurt powder, which is a major restraint for the yogurt powder market. Alternatively, noteworthy investments in research and development techniques are expected to provide new growth opportunities to the yogurt powder market globally.
Browse through 54 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Yogurt Powder Market Size & Share 2018: Industry Type, Segments, Growth, Trends, Analysis and Forecast, 2026”.
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The global yogurt powder market is fragmented based on type, application, and distribution channel. By type, the global yogurt powder market includes whole, skimmed, and semi-skimmed yogurt powders. The skimmed segment has the highest consumption, owing to its various health benefits, followed by whole yogurt powder. The semi-skimmed segment is also expected to show significant growth in the years ahead.
On the basis of application, the global yogurt powder market comprises cosmetics, personal care, food and beverages, and pharmaceuticals. Food and beverages dominated the market in 2018, due to the growing yogurt powder applications in the preparation of cereals, dry mixes, nutritional bars, and energy drinks. Additionally, significant growth has been noticed in the pharmaceutical sector as well, due to the numerous health benefits of yogurt powder as it aids in better digestion, ensures protection against colorectal cancer, and improves the immune system.
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Based on the distribution channel, the global yogurt powder market includes business-to-business, hypermarkets/supermarkets, specialty retail, e-commerce, and other retail formats. The hypermarkets/supermarkets dominate the market due to their offering of different types and brands of yogurt powder under one roof. Moreover, the growing interest of consumers toward online products is driving the e-commerce sector.
Europe dominates the yogurt powder market globally. This can be attributed to the increasing demand for yogurt powder in the food and beverage industry across the region. Moreover, the European yogurt powder market has recently seen significant growth in the beauty and personal care sector. According to a recent survey, more than 50% of the consumers in the UK are purchasing products with more natural ingredients in them, which is further boosting the yogurt powder market growth in this region.
Browse the full “Yogurt Powder Market By Type (Skimmed, Semi-Skimmed, and Whole), By Application (Food & Beverages, Personal Care, Pharmaceuticals, and Cosmetics), and By Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/yogurt-powder-market
North America is expected to be another profitable region in the yogurt powder market globally, owing to the increasing health-conscious population and growing demand for canned, processed, and fast foods. The U.S. is the main country in the region, due to the increasing product innovation techniques being developed by the key market players.
The Asia Pacific yogurt powder market is expected to show the highest growth rate over the forecast time period, owing to the high regional demand for yogurt. China and India are the main countries in this region for the yogurt powder market, as yogurt is becoming a permanent part of meals of the regional consumers. Moreover, the region’s flourishing food and beverage industry is also boosting the yogurt powder market in the Asia Pacific.
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Latin America is expected to show reasonable yogurt powder market growth over the projected time period. Brazil leads the region in terms of dairy consumption and is estimated to hold about 40% share of the regional dairy market. The Middle East and Africa will show reasonable growth over the forecast timeframe, owing to the growing demand for dairy products in the Gulf countries. Moreover, the consumers of the high-income countries, such as the UAE, are always eager to try new products. South Africa is another profitable country for the regional yogurt powder market, due to the increasing product demand by the country’s food and beverage industry.
Some major players operating in the global yogurt powder market are Glanbia, EPI Ingredients, Ace International, Almil, Kerry, and Bluegrass Dairy and Food.
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This report segments the global yogurt powder market into:
Global Yogurt Powder Market: Type Analysis
Global Yogurt Powder Market: Application Analysis
- Food and Beverages
- Personal Care
Global Yogurt Powder Market: Distribution Channel Analysis
- Specialty Retail
- Other Retail Formats
Global Yogurt Powder Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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