The global yogurt powder market size was worth around USD 347.46 million in 2023 and is predicted to grow to around USD 622.85 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.7% between 2024 and 2032.
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Market for Yoghurt powder: general background
Among the most often used dairy products available worldwide is yoghurt. Its taste, texture, and several worldwide health advantages are well known. Yogurt’s success led the producers to create yoghurt powder, made from non-fat milk mixed with cultures then let to reach a pre-defined ph before it dries.
Growing yoghurt powder use in the food and beverage sector due to its great taste is predicted to cause notable increase in the worldwide yoghurt powder market over the forecast time span. Moreover, the increasing frequency of digestive system issues has led to a notable increase in gut-friendly goods in the yoghurt powder industry. Moreover, the growing population base with health consciousness is significantly driving the market.
But some customers would rather use yoghurt than yoghurt powder, which is a significant obstacle for the yoghurt powder sector. On the other hand, significant expenditures in research and development methods should give the yoghurt powder market worldwide fresh chances for expansion.
The study examines the drivers of worldwide yoghurt powder market growth, constraints, and effect on demand during the forecast period. It will also let negotiate and investigate the new prospects in the Labelling Equipment Market sector. Along with the effect drivers and constraints of the yoghurt powder market have on the demand throughout the forecast period, the study covers their characteristics. The report also covers worldwide prospects accessible in the yoghurt powder industry.
We have included a competition landscape and a study of Porter’s Five Forces model for the market to provide the consumers of this report a whole perspective of the yoghurt powder industry. The report includes a market attractiveness analysis in which every category is benchmarked according on their market size, growth rate, and overall appeal.
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The Global Yogurt Powder Market is segmented based on product, application and region
Global Yogurt Powder Market: Product Segment Analysis
● Skimmed
● Semi-Skimmed
● Whole
Global Yogurt Powder Market: Application Segment Analysis
● Hypermarkets/Supermarkets
● Business-To-Business
● E-Commerce
● Specialty Retail
● Other Retail Formats
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The Global Yogurt Powder market profiles key players such as:
● Glanbia
● EPI Ingredients
● Ace International
● Almil
● Kerry
● Bluegrass Dairy and Food
Market for Yoghurt powder: regional analysis
The regional component comprises the past and projected demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
Due to the great usage of yoghurt powder in the food and beverage sectors and rising health issues in Europe and North America, they dominated the worldwide yoghurt powder market in 2023. Because of the great regional demand for yoghurt, the Asia Pacific yoghurt powder market is likely to show the fastest development rate throughout the projected period.
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