Yogurt Powder Market (2024 - 2030)

Yogurt Powder Market Size & Trends

The global yogurt powder market size was valued at USD 708.8 million in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030. This is attributed toincreasing demand for healthy and nutritious food products with higher shelf life. Yogurt powder offers a convenient and long-shelf-life alternative to fresh yoghurt, appealing to busy consumers seeking on-the-go nutrition. Yogurt powder can be used in various applications beyond traditional yogurt, including smoothies, baking, and culinary preparations, expanding its market potential.

The increasing number of working professionals with busy schedules has fueled the demand for convenient and portable food options. Yogurt powder offers a quick and easy solution to add yogurt into the diet. The nutritional content and probiotic benefits of yogurt-based products are contributing to the increasing demand for yogurt powders. Consumers are increasingly seeking healthy and functional food options, leading to a rise in the popularity of yogurt powder.

Consumers are looking for foods that offer additional health benefits beyond basic nutrition. Yogurt powder has the ability to be enriched with different nutrients like vitamins, minerals, and prebiotics, in order to make functional food items. The availability of plant-based yogurt powder expands the market and attracts a wider consumer base.

Product Insights

Whole yogurt powder dominated the market and accounted for the largest revenue share of 42.4% in 2023 due to growing consumer preference for full-fat dairy products. Whole yogurt powder retains the natural fats present in yogurt, which are essential for a balanced diet and provide a rich and creamy texture to various food products. In addition, the extended shelf life of whole yogurt powder compared to fresh yogurt makes it a convenient option for manufacturers looking to incorporate yogurt flavor into their products without the need for refrigeration.

Skimmed yogurt powder is expected to grow at the fastest CAGR of 6.9% from 2024 to 2030 due to the increasing health consciousness among consumers. With a focus on weight management and reduced fat intake, skimmed yogurt powder provides a low-fat alternative without compromising on the nutritional benefits of yogurt. The versatility of skimmed yogurt powder in various food applications such as bakery, confectionery, and dairy products, has also contributed to its growth in the global market.

Packaging Insights

Sachets/pouches dominated the market and accounted for the largest revenue share of 49.7% in 2023 due to their convenience and portability. Their compact size and easy-to-open format make them ideal for individuals with busy lifestyles. Additionally, sachets and pouches are cost-effective for manufacturers and retailers, allowing for wider distribution and accessibility. They also provide flexibility in terms of portion sizes, catering to diverse consumer needs.

Cans/jars are expected to grow at a CAGR of 6.2% from 2024 to 2030. Cans and jars provide a more sustainable packaging solution compared to single-use sachets, aligning with the growing environmental concerns among consumers. Consumers often perceive products packaged in cans or jars as premium and high-quality, influencing purchasing decisions.

End Use Insights

HoReCa (Hotel/Restaurant/Cafe) held the largest revenue share of 40.9% in 2023 due to the increasing demand for convenient, nutritious, and versatile food options. Restaurants and cafes are incorporating yogurt powder into their menus to create innovative dishes, desserts, and beverages. Moreover, the growing popularity of health-conscious dining has prompted the HoReCa industry to seek out ingredients like yogurt powder that offer nutritional benefits without compromising taste.

The industrial segment is expected to grow at the fastest CAGR of 6.9% during the forecast period due to the growing popularity of yogurt powder as a functional ingredient in food processing applications. Yogurt powder is widely used in the manufacturing of various food products, including bakery items, dairy products, snacks, and beverages. Yogurt powder’s long shelf life, ease of handling, and cost-effectiveness make it an attractive option for industrial applications.

Regional Insights

North America yogurt powder market dominated the market with a revenue share of 40.4% in 2023. Increasing disposable income and a busy lifestyle have fueled the demand for on-the-go nutrition solutions, making yogurt powder a convenient option.

U.S. Yoghurt Powder Market Trends

The U.S. yogurt powder market dominated the North America market in 2023 due to the strong emphasis on health and wellness, coupled with a diverse and evolving culinary landscape. Furthermore, the increasing adoption of yogurt powder by food manufacturers and restaurants as a versatile ingredient for creating innovative products has contributed to its growing popularity in the U.S. market.

Europe Yoghurt Powder Market Trends

Europe yogurt powder market was identified as a lucrative region in 2023 due tostrong emphasis on health and wellness, that has led to increased consumption of functional and convenient food products. The region's mature dairy industry provides a robust foundation for the yogurt powder market.

The UK yogurt powder market is expected to grow significantly in the coming years due to the country’s fast-paced lifestyle and the increasing number of working professionals.

The Germany yogurt powder market held a substantial market share in 2023 owing to the increasing health consciousness and preference for natural and functional foods.

Asia Pacific Yoghurt Powder Market Trends

The Asia Pacific yogurt powder market is anticipated to witness the fastest CAGR during the forecast period. This growth is owing to the increasing middle class with rising disposable income, which is fueling demand for convenient and nutritious food products. Rapid urbanization and changing lifestyles have led to increased consumption of processed and packaged foods, including yogurt powder-based products.

The yogurt powder market in India is expected to grow rapidly from 2024 to 2030 due to country's expanding middle class, increasing urbanization, and country's large population.

Key Yogurt Powder Company Insights

Some of the key companies in the yogurt powder market include Glanbia plc, Epi Ingrédients, Kerry Group plc., Batory Foods, Bluegrass Ingredients, Inc. and Ace International LLP, and others.

• Glanbia plc is a global nutrition group operating through a diverse portfolio of brands in various segments such as sports nutrition, cheese, dairy ingredients, specialty non-dairy ingredients, and vitamin and mineral premixes.

• Kerry Group plc is a provider of functional and nutritional solutions to the food, beverage, and pharmaceutical industries. The company offers a diverse product portfolio that includes flavors, lipids, fermented ingredients, protein fractions, metabolites, and other nutritional and functional ingredients.

Recent Developments

• In April 2024, Glanbia plc agreed to acquire Flavor Producers, a leading flavor producer. The acquisition is expected to position Glanbia to capture growth opportunities in the natural and organic flavors segment.

• In July 2023, Epi Ingrédients announced the launch of premium organic yogurt powder to meet the demand for organic products. It is suitable in the development of products with nutritional, functional and organoleptic benefits.

• In December 2021, Epi Ingrédients launched So Candy yogurt powder concept, with its application in sweet & confectionery sector.

Yogurt Powder Market