Research Nester released a report titled “Dry Yogurt Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global dry yogurt market in terms of market segmentation by nature, by product, by sales channels, by flavors, by applications, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global dry yogurt market is segmented by nature, by product, by sales channels, by flavors, by applications and by end user. On the basis of nature, the market is further segmented into organic and conventional. On the basis of product, the market is sub segmented into skimmed dry, semi-skimmed and whole dry. The market is sub segmented into direct, indirect, store-based, convenience stores, online and supermarkets on the basis of sales channels. On the basis of flavors, the market is segmented into regular, vanilla, mango, berries, peach, apple, chocolate, banana and others. The market is segmented into food industry, bakery, frozen novelties grocery, beverages, dips and dressings, nutrition and snack bars, dry mixes, cosmetics and personal care, filling, desert and others on the basis of application. Finally, on the basis of end user, the market is categorized into household, food and beverage, cosmetic, industrial and HoReCa. The market is anticipated to record a CAGR of around 8.1% over the forecast period i.e. 2019-2027 owing to the health benefits associated with the product. The yogurt usage results in high immunity, provides high protein content and has less sugar content, making it a preferable choice for most of the food items.
The recent innovations with dry yogurt flavors is anticipated to drive the market growth. The skimmed dry segment is anticipated to show significant growth owing to the increasing awareness among the consumer about the health benefits coupled with inclination of the consumers towards healthy diet and lifestyle. The food industry is estimated to witness leading shares in product segment on the back of extensive use of yogurt in different foods, for instance, cereals, energy bars and drinks and others. The ease of mixing powered yogurt and its long shelf life is anticipates to result in increased consumption of dry yogurt in personal and cosmetic sector.
Geographically, the market in North America is estimated to witness leading shares during the forecast period owing to presence of key market players coupled with huge consumer base and increasing awareness among the people about the associated health benefits. The expanding bakery industry is anticipated to drive the market growth in Europe region. The market in Asia-Pacific is anticipated to witness significant growth on the back of food and beverages segment and prominence of cosmetic industry coupled with increasing consumer awareness regarding the health benefits associated with the product.
The low cost of manufacturing, storage and transportation of dry yogurt on the back of its long shelf life coupled with ease of mixing in cosmetic production is estimated to drive the market growth. However, the availability of other alternatives with proper lactose limit are anticipated to operate as key restraints for the growth of global dry yogurt market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dry yogurt market which includes company profiling of Glanbia Nutritionals, Lactoland Trockenmilchwerk GmbH, Bayerische Milchindustrie eG, Ostmilch Handels GmbH, Ballantyne, Schwarzwaldmilch GmbH, Bempresa Ltd. and Armor Proteines. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dry yogurt market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.