Dry Yogurt Market

Dry Yogurt Market Segmentation By Nature (Organic and Conventional); By Product (Skimmed Dry, Semi-Skimmed and Whole Dry); By Flavors (Regular, Vanilla, Mango, Berries, Peach, Apple, Chocolate, Banana and Others); By End User; By Applications (Food Industry, Bakery, Frozen Novelties Grocery, Beverages, Dips and Dressings, Nutrition and Snack Bars, Dry Mixes, Cosmetics and Personal Care, Filling, Desert and Others); By Sales Channels – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 2071 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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Introduction to Dry Yogurt

Dry yogurt is the dehydrated form of yogurt which is generally produced from cultured milk by using skimmed milk that has been pasteurized. During its manufacturing, the pasteurized milk is cooled to a temperature of 40-43˚C followed by addition of yogurt cultures. The product is then fermented till the pH reaches 4.6 after which the process of spray drying and packing is done. There are a number of flavors available depending upon the requirements by the end users and application especially in the areas where fresh yogurt cannot be used directly. The health benefits associated with the product has made it a part of number of cuisines and healthcare products. Along with these benefits, the ease of production, transportation and high shelf life are estimated to boost the product demand in future.

Market Size and Forecast

The global dry yogurt 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, for instance, high immunity, low sugar content and high protein proportion, which are anticipated to result in the market growth. Further, the availability of different flavors with ease of production owing to ease of procurement of raw materials that are low cost and are rich with probiotics are additional factors anticipated to drive the market growth.  

The market is segmented by nature, by flavors, by end user, by product, by applications and by sales channels. The product segment is further segmented into skimmed dry, semi-skimmed and whole dry, out of which, the skimmed dry segment is anticipated to hold the leading share on account of increasing inclination of consumers towards the healthier lifestyle and improved eating habits. The natural ingredients, long shelf life, ease of storage and the high product stability of the product are estimated to be factors responsible for driving the market growth. The usage of the product in numerous applications for instance, cakes, pastries, ice creams and other bakery items is anticipated to expand the product demand. On the basis of applications, the market is further 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, out of which the food and beverage industries combined have the majority of market share owing to the application of dry yogurt in variety of products like nutrition bars, energy drinks, dry mixes and others. This is followed by personal care and cosmetics segment which is estimated to have second largest market shares owing to the ease of using and mixing the powered form coupled with ease of production. The end user segment is further segmented into household, food and beverage, cosmetic, industrial and HoReCa, out of which HoReCa segment is expected to witness a significantly high market share owing to the use of yogurt in various dishes and food.CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Low Cost of Production

The low cost of production associated with the product owing to its dry nature which is easy to store, is easy to transport and has better shelf life as compared to the other yogurts that require refrigeration and cannot be stored for longer durations is estimated to be a driving factor for the market. The reduction in transportation and manufacturing costs of dry yogurt as compared to conventional yogurt is anticipated to drive the market growth. 

Innovations in Flavors

The availability of different flavors, with companies trying to develop new flavors so as to cater the market demand as per end user is estimated to propel the market growth. The different flavors have been developed in order to provide the consumer with food that has health benefits as well as taste and is conveniently available.

Dry Yogurt Market Graph
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The availability of alternatives that are less costly and have proper lactose limits that is healthy is anticipated to act as key restraints for the growth of global dry yogurt market during the forecast period.

Market Segmentation

Our-in depth analysis of the global dry yogurt market includes the following segments:

By Nature

  • Organic
  • Conventional

By Product

  • Skimmed Dry
  • Semi-Skimmed
  • Whole Dry

By Channel of Sales

  • Direct
  • Indirect
  • Store-Based
  • Convenience Stores
  • Online
  • Supermarkets

By Flavors

  • Regular
  • Vanilla
  • Mango
  • Berries
  • Peach
  • Apple
  • Chocolate
  • Banana
  • Others

By Application

  • Food Industry
  • Bakery
  • Frozen Novelties Grocery
  • Beverages
  • Dips and Dressings
  • Nutrition and Snack Bars
  • Dry Mixes
  • Cosmetics and Personal Care
  • Filling
  • Desert
  • Others

By End User

  • Household
  • Food and Beverage
  • Cosmetic
  • Industrial
  • HoReCa

By Region

On the basis of regional analysis, the global dry yogurt market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The global dry yogurt market is estimated to be led by the market in North America during the forecast period owing to presence of huge consumer base on the back of awareness among the people about the health benefits associated with the product. Additionally, the presence of major key players in the region coupled with recent innovations in dry yogurt in the market is estimated to drive the market growth. The market in Europe is estimated to hold the second largest share owing to presence of huge bakery sector in the region. The market in Asia-Pacific is anticipated to witness significant growth owing to expanding food and beverages segment and prominence of cosmetic industry coupled with increasing consumer awareness regarding the health benefits associated with the product.

Dry Yogurt Market Graph

The global dry yogurt market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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