The report is just the right tool that companies, stakeholders, and investors need to increase their profits in the global Yogurt Powder market. It has been compiled using the latest research methodology.
The global yogurt powder market is predicted to largely benefit from daily consumption of yogurt through breakfast as well as other meals, especially in European and North American countries. The rising trend of clean label products and increasing demand for gut-friendly probiotics could be other leading factors driving the growth of the global market. Vendors are foretold to concentrate on developing healthier, organic products to attract more consumers in the future.
In January 2019, Irish taste and nutrition leader Kerry introduced its new fully non-GMO solution Acryleast to reduce acrylamide, a potential carcinogen, by up to 90%. The new non-GMO yeast was launched in partnership with Renaissance BioScience, a Canadian developer of yeast-based proprietary technology solutions.
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The report has also focused on the competitive landscape and the key strategies deployed by the market participants to strengthen their presence in the global Yogurt Powder market. This helps the competitors in taking well-versed business decisions by having overall insights on the market scenario. Leading players operating in the global Yogurt Powder market comprising are also profiled in the report.
The Key Opponents to be faced while entering global Yogurt Powder Market are Glanbia Nutritionals, Bluegrass Dairy & Food, Inc., Schwarzwaldmilch GmbH, Kerry Inc., All American Foods, Inc., Baltima Sp. z.o.o., Ornua Co-operative Limited, Döhler Dahlenburg GmbH, Dr. Otto Suwelack Nachf. GmbH & Co. KG, Prolactal GmbH, BioGrowing Co. Ltd.
Application of Yogurt Powder as Nutritional Filling to Boost Demand
High demand for yogurt powder in the food processing and food service industries due to its longer shelf life compared to fresh yogurt and multiple health benefits are expected to promise strong growth to the global market. Yogurt powder is widely used as a nutritional filling and healthy sprinkler in the food industry. Growing inclination toward probiotics, especially among people with digestive problems, is foreseen to bode well for the global yogurt powder market. The factor of convenience associated with the use of the powdered form of yogurt could add to the global market growth.
Product Innovation could Help New Entrants with Market Entry
The global yogurt powder market marks the presence of top companies such as Glanbia Nutritionals, Bluegrass Dairy & Food, Inc., Schwarzwaldmilch GmbH, Kerry Inc., All American Foods, Inc., Baltima Sp. z.o.o., Ornua Co-operative Limited, Döhler Dahlenburg GmbH, Dr. Otto Suwelack Nachf. GmbH & Co. KG, Prolactal GmbH, BioGrowing Co. Ltd., Bartex Sp. z.o.o., EPI Ingredients, PreGel America, Inc., Bayerische Milchindustrie eG, CP Ingredients Ltd., Grand Custom Ingredients Group, Almil AG, Ostmilch Handels GmbH, Armor Proteins, Lactoland Trockenmilchwerk GmbH, Bempresa Ltd., Ballantyne Foods Pty. Ltd., ACE International LLP, and Enka Süt.
Vendors are expected to invest in research and development to introduce more nutritious products in the global yogurt powder market. New players may rely on innovative strategies such as launching attractive products to enter the global market. In February 2019, Glanbia Nutritionals, an American provider of innovative nutritional solutions, expanded its custom nutrient premix production footprint in the US with the acquisition of Watson, a US supplier of custom nutrient premixes and ingredients.
The Market is split into Following segments which are as follows:
By Nature
– Organic
– Conventional
By Product Type
– Skimmed Yogurt Powder
– Semi-skimmed Yogurt Powder
– Whole Yogurt Powder
By Flavor
– Regular
– Flavored
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Researchers anticipate skimmed yogurt powder to become a highly lucrative segment in the future, taking into consideration the rising focus on reducing body fat to avoid obesity and related diseases. Flavored could emerge as a popular segment of the global yogurt powder market because of the continuous launch of innovative products and large demand for berries and vanilla flavors. Among end-users, the food industry is projected to collect a telling market share due to the high use of yogurt powder as confectionery coating as well as food coating to increase the nutritional value of cereals, snacks, and dried fruits. Among distribution channels, B2B is expected to take the lead in the global market.
By Region
Europe could be one of the most profitable regional markets for yogurt powder due to high health consciousness among people. North America is also anticipated to exhibit impressive market growth as it rides on key drivers such as high use of yogurt in breakfast meals. The Asia Pacific could grow at a quicker rate in the global yogurt powder market because of the rising trend of yogurt mixes, increased product innovation, and the presence of a strong number of consumers.
Price Analysis
Price analysis is an important business tool that can help players to tighten their grip on individual global markets. This report offers exhaustive competitor price analysis capable of assisting yogurt powder vendors to improve their sales and profits. The price analysis explains in detail the historical, current, and future price and cost-related scenarios of the global yogurt powder market.
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