Dry Yogurt Market to Grow with a CAGR of 6.3% Globally through to 2028
Increasing health awareness and demand for nutritious
food products, growing popularity of convenience foods are factors driving the
global dry yogurt market in the forecast period 2024-2028.
According to TechSci Research report, “Global Dry
Yogurt Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Dry Yogurt Market stood at USD 688.2
million in 2022 and is anticipated to grow with a CAGR of 6.3% in the forecast
period, 2024-2028. The global dry yogurt market is thriving, driven by
health-conscious consumers seeking convenient and nutritious snack options. Key
players such as Nestlé, General Mills, Chobani, Danone, and Kellogg's are at
the forefront of this growth, offering a diverse range of products to cater to
evolving consumer preferences.
Dry yogurt is increasingly being used as an ingredient
in various snack products, such as energy bars, granola, and trail mix. This
trend aligns with the growing demand for healthy and convenient snacks. The rise of e-commerce has expanded the distribution
channels for dry yogurt products. Online retailing allows consumers to access a
wider variety of products, including unique flavors and niche brands.
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As the market continues to expand, it is likely to see
increased innovation, especially in the areas of plant-based options,
functional ingredients, and sustainable packaging. E-commerce will also play a
significant role in the market's future growth, providing consumers with
greater access to a wide variety of dry yogurt products. The global dry yogurt market has witnessed significant
growth in recent years, driven by a multitude of factors that have reshaped
consumer preferences and consumption patterns. These drivers have propelled the
market to new heights, making it a prominent segment within the broader dairy
industry.
The dry yogurt market has experienced
remarkable growth in recent years, driven by shifting consumer preferences,
evolving dietary habits, and innovative product offerings. This article
explores the factors behind the substantial growth of the dry yogurt market,
analyzing the market's size, key drivers, emerging trends, and future
prospects. Health and wellness trends have had a profound impact on the dry
yogurt market. Consumers are increasingly focused on making healthier dietary
choices, and dry yogurt products are seen as a nutritious and appealing option.
Dry yogurt is rich in essential
nutrients, including protein, probiotics, and vitamins. These nutritional
benefits align with consumers' desire for healthier snack alternatives. The
high protein content in dry yogurt appeals to those seeking to meet their daily
protein intake for muscle maintenance and overall well-being. Additionally,
probiotics in dry yogurt support gut health, which is a growing concern among
health-conscious consumers.
The market benefits from the fact that
dry yogurt is generally lower in fat compared to many other snack options. This
resonates with individuals who are mindful of their fat intake and those
seeking to manage their weight.
Furthermore, dry yogurt's versatility
makes it attractive to fitness enthusiasts and health-conscious consumers. It
can be incorporated into various recipes, including smoothies and baked goods,
providing a convenient way to boost nutrition.
In conclusion, health and wellness
trends have driven the growth of the dry yogurt market, with its nutritional
benefits positioning it as a preferred snack option for consumers seeking
healthier choices.
The Global Dry Yogurt Market is segmented into type, product
type, end use, distribution channel, regional distribution, and company.
Based on the application, the leading segment in the
dry yogurt market is the food and beverage segment in 2022. This segment is
expected to account for a significant share of the market during the forecast
period. The high demand for dry yogurt in the food industry is due to its
versatility and nutritional value. Dry yogurt can be used in a wide range of
food products, such as baked goods, smoothies, and dips
Based on region, Europe dominated the global dry
yogurt market in terms of revenue share in 2022. The regional market is
expected to witness growth owing to increasing demand for dairy products with
reduced sugar and fat content. Moreover, rising health awareness among consumers
is anticipated to fuel product demand over the forecast period.
Major companies operating in Global Dry Yogurt Market
are:
- Glanbia Nutritionals
- Armor Proteins
- Epi Ingredients
- Almil AG
- Kerry Inc.
- Ace International LLP
- Bluegrass Dairy & Food, Inc.
- PreGel America, Inc.
- C.P. Ingredients Ltd.
- Prolactal GmbH
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“The dry yogurt market has experienced substantial
growth in recent years, driven by evolving consumer preferences for healthier
snacks, the convenience of on-the-go consumption, flavor innovation, and the
rising demand for plant-based alternatives. These drivers, along with emerging trends like
functional ingredients and sustainability, ensure a promising future for the
dry yogurt market as it continues to meet the diverse needs of consumers
worldwide. Health and
wellness trends have driven the growth of the dry yogurt market, with its
nutritional benefits positioning it as a preferred snack option for consumers
seeking healthier choices.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Dry
Yogurt Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Organic, Conventional), By Product Type (Skimmed Dry Yogurt,
Semi-skimmed Dry Yogurt, Whole Dry Yogurt), By End Use (Household, HoReCa, Food
and Beverage, Others), By Distribution Channel (Hypermarkets/Supermarkets,
Convenience Stores, Specialty Stores, Online, Others), By Region, By
Competition, 2018-2028”, has evaluated the future growth potential
of Global Dry Yogurt Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Dry
Yogurt Market.
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