The dry yogurt market is anticipated to register a CAGR of 7% during the forecast period, up from US$ 685.68 Mn in 2022 to reach a valuation of US$ 1348.83 Mn by 2032.
| Attributes | Details |
|---|---|
| Dry Yogurt Market Value (2022) | US$ 685.68 Million |
| Dry Yogurt Market Projected Value (2032) | US$ 1348.83 Million |
| Dry Yogurt Market CAGR (2022 to 2032) | 7% |
Sales of dry yogurt are expected to rise owing to health benefits associated with it, such as high immunity, low sugar content, and high protein proportion.
In addition to this, demand for dry yogurt is rising due to the availability of multiple flavors, as well as the ease of manufacture and obtaining low-cost raw materials that are high in probiotics. These factors are anticipated to drive the growth of dry yogurt market share during the forecast period.
Furthermore, the rising awareness of a nutritious diet is expected to stimulate demand for dry yogurt. Dry yogurt is useful to the digestive system and the immunological system, which is another major factor propelling the sales of dry yogurt.
The growing inclination for healthful food-on-the-go is likely to drive demand for dry yogurt.
Increased use of the product in meals and salad dressings for flavor and nutrition is likely to drive sales of dry yogurt. As dry yogurt is high in protein and calcium, it is beneficial for weight management and intestinal health. As a result, the demand for dry yogurt is anticipated to rise throughout the projected period. It is also used in the production of confectionery and baking goods, which further boosts the sales of dry yogurt and contributes to the overall growth of the dry yogurt market share.
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Rising consumer awareness of the dangers of high sugar content, artificial colors, additives, and preservatives has prompted bakery and confectionery makers to utilize dry yogurt, thus driving the demand for dry yogurt. Furthermore, the product has a longer shelf life than fresh dry yogurt, which benefits confectionery and pastry businesses by reducing waste.
This is another factor that is anticipated to drive the sales of dry yogurt and aid in the growth of the overall dry yogurt market share.
Government attempts to lower sugar content and improve the nutritious characteristics of dry yogurt, and its derivatives are expected to have a favorable impact on the sales of dry yogurt and dry yogurt market growth. For example, the British government released instructions in February 2019 to cut the sugar level of fermented dry yogurt products by 20% by 2021.
Vitamin D, potassium, phosphorus, calcium, and protein are all found in dry yogurt. As a result, it is thought to be helpful in the prevention of osteoporosis which is yet another reason driving the demand for dry yogurt. Furthermore, owing to the increased demand, the sales of dry yogurt are anticipated to rise during the forecast period.
According to the International Osteoporosis Foundation (IOF), osteoporosis affects around 200 million people globally. Osteoporosis affects around 30% of all postmenopausal women in Europe and the United States.
More than 75 million individuals in the United States, Europe, and Japan are affected by the disease. The high prevalence is expected to drive demand for nutrient-dense foods, which in turn will drive the growth of dry yogurt market share.
The usage of dry yogurt, mostly in the industrial sector is anticipated to drive the global dry yogurt market share. However, the demand for dry yogurt is largest in North America and Europe since consumer awareness is higher in these regions. Dry yogurt is most commonly used in Europe, where the baking and food industries are well developed.
Furthermore, there is a growing demand for natural cosmetic goods in Europe and the Middle East, which is expanding the usage of dry yogurt in these regions. South Asia is an appealing market for dry yogurt due to the region's booming food and beverage industry and rising consumer awareness.
Principal Consultant
Key players in global dry yogurt market includes 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., Schwarzwaldmilch GmbH, Biogrowing, Ballantyne, Bayerische Milchindustrie eG, Molda AG - Döhler Dahlenburg, Ostmilch Handels GmbH, BARTEX Sp. z o.o., Lactoland Trockenmilchwerk GmbH.
In January 2017, EasiYo, a well-known New Zealand yogurt brand, partnered with Ornua Nutrition Ingredients (ONI), a nutrition ingredient provider, to increase its distribution route in Europe.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 7% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis |
| Segments covered | Product type, flavour, end user, sales channel, application, region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | 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.; Schwarzwaldmilch GmbH; Biogrowing; Ballantyne; Bayerische Milchindustrie eG; Molda AG - Döhler Dahlenburg; Ostmilch Handels GmbH; BARTEX Sp. z o.o.; Lactoland Trockenmilchwerk GmbH. |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The dry yogurt market is likely to register a CAGR of 7% during the forecast period.
Key players holding substantial dry yogurt market share include 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., Schwarzwaldmilch GmbH, Biogrowing, Ballantyne, Bayerische Milchindustrie eG, Molda AG - Döhler Dahlenburg, Ostmilch Handels GmbH, BARTEX Sp. z o.o., Lactoland Trockenmilchwerk GmbH.
As per the analysis, the dry yogurt market share is likely to be US$ 1348.83 Mn by 2032.
Demand for dry yogurt is likely to rise owing to health benefits associated with it, such as high immunity, low sugar content, and high protein proportion
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