Global Dry Yogurt Industry Research Report, Competitive Landscape, Market Size, Regional Status and Prospect Forecast, 2024 - 2031
The "Dry Yogurt Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Dry Yogurt Market Overview and Report Coverage
Dry yogurt is a dehydrated form of traditional yogurt, where the moisture content is removed to create a shelf-stable powdered product. It can be reconstituted by mixing with water or other liquids to enjoy as a creamy yogurt alternative.
The future outlook of the Dry Yogurt Market is promising, with a projected growth at a compound annual growth rate (CAGR) of % during the forecasted period of 2024 to 2031. The rising demand for convenient and easy-to-store dairy products, along with the increasing awareness of the health benefits of yogurt, is driving the market growth.
The current market trends for dry yogurt include innovative product launches with flavors and functional ingredients, such as probiotics and plant-based options. Manufacturers are also focusing on sustainable packaging solutions and expanding distribution channels to reach a wider consumer base.
Overall, the Dry Yogurt Market is poised for significant growth in the coming years, driven by changing consumer preferences and a shift towards healthier food choices. This segment of the dairy market is expected to see continued expansion and innovation, catering to the evolving needs of health-conscious consumers worldwide.
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Market Segmentation
The Dry Yogurt Market Analysis by Types is segmented into:
- Skimmed Dry Yogurt
- Semi-skimmed Dry Yogurt
- Whole Dry Yogurt
Dry yogurt is available in three main types: skimmed dry yogurt, semi-skimmed dry yogurt, and whole dry yogurt. Skimmed dry yogurt is made from non-fat milk, making it low in calories and fat. Semi-skimmed dry yogurt contains some fat, providing a balance between taste and health benefits. Whole dry yogurt is made from full-fat milk, offering a rich and creamy texture. Each type caters to different preferences, making dry yogurt a versatile option for consumers looking for a convenient and nutritious snack.
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The Dry Yogurt Market Industry Research by Application is segmented into:
- Traditional Retail
- Online Retail
The dry yogurt market is being utilized in traditional retail settings where consumers can browse and purchase products in physical stores. Additionally, the market has expanded to online retail platforms, allowing customers to access a wide range of dry yogurt products conveniently through digital channels. Both traditional and online retail markets offer consumers the ability to purchase dry yogurt products to meet their needs and preferences.
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In terms of Region, the Dry Yogurt Market available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The global dry yogurt market is experiencing significant growth driven by increasing consumer preference for convenient and healthy snack options. In North America, the United States and Canada are key markets for dry yogurt products, with a strong demand for innovative flavors and packaging. In Europe, countries like Germany, France, the ., and Italy are witnessing a surge in demand for dry yogurt, fueled by the growing trend of clean label and organic products. In the Asia-Pacific region, China, Japan, South Korea, India, and Australia are emerging as lucrative markets for dry yogurt, driven by changing consumer lifestyles and dietary habits. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also experiencing a growing demand for dry yogurt products. Key players in the market include Glanbia Nutritionals, Epi Ingredients, Ace International LLP, and others who are leveraging product innovation and strategic partnerships to drive growth. The Middle East & Africa region, including Turkey, Saudi Arabia, UAE, and South Korea, also present significant market opportunities for dry yogurt products, with a rising focus on health and wellness.
Dry Yogurt Market Emerging Trends
Some of the emerging and current trends in the global dry yogurt market include the increasing consumer preference for healthy and convenient snack options, growing demand for plant-based alternatives, rising popularity of probiotic and low-sugar varieties, and the introduction of innovative flavors and packaging. The market is also witnessing a shift towards online retail channels and personalized products tailored to individual dietary needs. Additionally, sustainability and eco-friendly packaging options are becoming more important for consumers, driving manufacturers to explore more environmentally friendly packaging solutions. Overall, the global dry yogurt market is projected to continue expanding due to these evolving trends.
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Major Market Players
- Glanbia Nutritionals
- Epi Ingredients
- Ace International LLP
- Almil AG
- Kerry Inc.
- PreGel America, Inc.
- C.P. Ingredients Ltd.
- Bluegrass Dairy & Food, Inc.
- Dr. Suwelack
- Armor Protéines
- Prolactal GmbH
- Bempresa Ltd.
The dry yogurt market is highly competitive with several key players competing in the industry. Glanbia Nutritionals, a global ingredient supplier, offers a wide range of dairy products, including dry yogurt powders. Epi Ingredients specializes in producing dairy ingredients, including dry yogurt powders, with a focus on innovation and quality. Ace International LLP is known for its high-quality dairy ingredients, including dry yogurt powders, and has a strong presence in the global market.
Kerry Inc. is a leading player in the dry yogurt market, offering a variety of yogurt ingredients, including powders and flavors. With a focus on sustainability and innovation, Kerry Inc. has seen significant market growth in recent years. PreGel America, Inc. is a well-known supplier of specialty ingredients, including dry yogurt powders, with a strong presence in the food industry.
In terms of market size, the global dry yogurt market is expected to reach USD million by 2026, growing at a CAGR of 5.6% during the forecast period. The market is driven by the increasing demand for dairy-based products, changing consumer preferences, and the growing popularity of yogurt as a healthy snack option.
In 2020, Glanbia Nutritionals reported sales revenue of USD 1.37 billion, while Kerry Inc. reported sales revenue of USD 7.18 billion. Ace International LLP and PreGel America, Inc. also reported strong sales revenue figures, demonstrating their market presence and competitiveness in the industry.
Overall, the dry yogurt market is highly competitive, with key players like Glanbia Nutritionals, Kerry Inc., and Epi Ingredients leading the way in innovation, quality, and market growth. The market is expected to continue to expand in the coming years, driven by consumer demand for healthier snack options and innovative dairy products.
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