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Yoghurt Powder Market Trends

Report ID: GMI6285
Published Date: Jul 2023
Report Format: PDF

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Yoghurt Powder Market Trends

The trend of convenience and on-the-go consumption has driven the demand for yogurt powder. Consumers seek products that are easy to store, have a longer shelf life, and can be used in various applications. The rising awareness of gut health and the benefits of probiotics has led to an increased demand for products that contain probiotics, including yogurt powder. Probiotics are beneficial bacteria that support digestive health. The market for dairy-free and vegan yogurt powder has been growing, driven by the rising popularity of plant-based diets. Manufacturers are introducing yogurt powder made from alternative ingredients like coconut, almond, and soy.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of yoghurt powder reached USD 290 million in 2022 and is set to reach USD 568.1 million by the end of 2032, due to rising adoption as an ingredient in various food and beverage products, such as bakery goods, desserts, smoothies, and frozen treats.

The plain application segment recorded 60% of the market share in 2022 and is expected to grow at lucrative pace by 2032, driven by rising usage in sweet and savory dishes, including desserts, dressings, marinades, sauces, dips, and smoothies.

U.S. market size dominated around USD 47.4 million in 2022 and is anticipated to witness significant pace from 2023 to 2032, led by the large consumption of bakery goods, desserts, smoothies, and frozen treats in the country.

Nestlé S.A., Danone S.A., General Mills, Inc., Yakult Honsha Co., Ltd., FrieslandCampina N.V., The Kraft Heinz Company, Chobani, LLC, Lactalis Group, Kerry Group plc, Agrana Beteiligungs-AG, and Morinaga Milk Industry Co., Ltd. are some of the major yoghurt powder suppliers.