In Western Europe, yogurt powder sales are expected to be USD 110 million in 2023. For 2022, this valuation was USD 102 million. Demand for yogurt powder in Western Europe is projected to progress at a steady pace over the period from 2023 to 2033, with a CAGR of 7.80%. By 2033, sales of yogurt powder in Western Europe are predicted to be USD 232 million.
Key Insights for Yogurt Powder in Western Europe
Attributes | Details |
---|---|
Industry Size for Western Europe in 2023 | USD 110 million |
Expected Industry Size for Western Europe by 2033 | USD 232 million |
Forecasted CAGR between 2023 to 2033 | 7.80% |
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With the growing prevalence of obesity and diabetes in the Western European region, the demand for healthier dairy products is on the rise. Skimmed yogurt, also known as non-fat or fat-free yogurt, is often more popular than other forms of yogurt, as it allows individuals to enjoy yogurt's nutritional benefits without compromising their dietary plans.
On the basis of product type, skimmed yogurt dominates the industry with a whopping share of 58.6%. Another significant driver is the texture and consistency of skimmed yogurt, despite the absence of fat. Apart from this, the dominance of skimmed yogurt in the industry is also attributed to its availability in a variety of flavors and formulations, including Greek yogurt, fruit-infused options, etc.
Demand for Yogurt Powder in Western Europe Based on Product Type | Skimmed Yogurt |
---|---|
Industry Share in 2023 | 58.6% |
The familiar and comforting feeling offered by the creamy texture and partially sweet taste of regular-flavored yogurt continues to be highly appealing across Western Europe. It is also gaining a lot of popularity in the general population across the region as it serves as a versatile base for diverse culinary creations.
On the basis of flavor, the regular flavor dominates the industry with a remarkable share of 78.6% in 2023. Many consumers also appreciate regular-flavored yogurt for its simplicity and the ability to control sugar intake, as flavored yogurts contain additives and flavoring agents detrimental to their preferences.
Demand for Yogurt Powder in Western Europe Based on Flavor | Regular |
---|---|
Industry Share in 2023 | 78.6% |
Countries | CAGR (2023 to 2033) |
---|---|
Italy | 8.4% |
Netherlands | 7.9% |
France | 7.3% |
United Kingdom | 6.9% |
Germany | 6.8% |
Italy is the leading country in the yogurt powder industry in Western Europe. The progress of yogurt powder in Italy is expected to occur at a CAGR of 8.4% from 2023 to 2033.
Italy is known for its rich culinary culture and appreciation for high-quality food. Due to its versatile nature, yogurt powder has been increasingly used in the Italian hospitality sector. The industry for yogurt powder is also growing as yogurt is perceived as a healthy snack or meal component.
The Netherlands is marked for rapid growth in the yogurt powder industry. The CAGR for the Netherlands over the forecast period is predicted to be 7.9%.
The growing emphasis on sustainability and environmental awareness is influencing the yogurt powder industry in the Netherlands. Consumers are seeking products with eco-friendly packaging, manufacturing, and distribution processes that cause little to no harm to the environment.
The sales of yogurt powder in France are anticipated to showcase a significant expansion with a growth rate of 3.4% CAGR through the forecast period.
The yogurt powder industry in France is experiencing growth driven by continuous innovation in flavor profiles and formulations. Manufacturers are introducing vibrant and exotic flavors, catering to consumer demand for unique taste experiences.
The United Kingdom yogurt powder industry is anticipated to exhibit steady expansion with a growth rate of 6.9% CAGR through the forecast period.
The industry in the United Kingdom is expanding due to the increasing demand for convenient and on-the-go options. Yogurt products in portable formats, such as yogurt drinks and single-serving cups, cater to consumers with busy lifestyles who prioritize convenience without compromising on nutritional value.
The sales of yogurt powder in Germany are anticipated to showcase significant expansion with a growth rate of 6.8% CAGR from 2023 to 2033.
The demand for plant-based alternatives in Germany has extended to yogurt powder. With an increasing number of consumers adopting plant-based diets, the availability of dairy-free yogurt powder options has played a role in the industry's expansion.
The yogurt powder industry in Western Europe is filled with numerous players like Glanbia PLC, Epi Ingredients SAS, Bempresa Ltd., Armor Protéines, etc. These players cater to consumers not just in the Western European region but all over the world. Their presence in the region has made the sustenance of smaller brands even more challenging. Despite the challenges, smaller brands continue to bring new flavors, packaging solutions, and marketing strategies to the industry.
Recent Developments Observed in Yogurt Powder Industry in Western Europe
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 110 million |
Projected Industry Size by 2033 | USD 232 million |
Anticipated CAGR between 2023 to 2033 | 7.8% CAGR |
Historical Analysis of Demand for Yogurt Powder in Western Europe | 2018 to 2022 |
Demand Forecast for Yogurt Powder in Western Europe | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Yogurt Powder in Western Europe, Insights on Global Players and Leading Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western European Providers |
Key Companies Profiled | Glanbia PLC; Epi Ingredients SAS; Bempresa Ltd.; Armor Protéines; Döhler Dahlenburg; C.P. Ingredients Ltd; Bluegrass Dairy & Food, Inc.; Dr. Suwelack; Kerry Group; Bayerische Milchindustrie eG; PreGel AMERICA, Inc.; ACE International LLP; Ballantyne; BALTIMA Sp. z o.o.; Biogrowing |
Key Countries Profiled | United Kingdom, Germany, France, BENELUX, Sweden, Norway, Denmark, Italy, Spain |
Western Europe's Yogurt powder industry is estimated to be USD 110 million in 2023.
Yogurt powder is expected to develop at a CAGR of 7.8% from 2023 to 2033 in Western Europe.
The demand for refrigeration compressor providers in Western Europe is driven by the increasing focus on energy efficiency and environmental sustainability.
Regular flavored yogurt powder dominates the Western Europe's yogurt powder industry, with an anticipated 78.6% of the industry share in 2023.
Estimated Market Size (2024E) | USD 333.3 million |
---|---|
Projected Market Value (2034F) | USD 642 million |
Value-based CAGR (2024 to 2034) | 6.8% |
Market Estimated Size (2023E) | USD 44,808.5 million |
---|---|
Projected Market Valuation (2033F) | USD 79,147.2 million |
Value-based CAGR (2023 to 2033) | 5.9% |
Market Value (2022) | USD 50,428.3 Million |
---|---|
Market Anticipated Value (2032) | USD 82,702.4 million |
Projected Growth Rate (2022 to 2032) | 6.4% |
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