ACCESS Newswire
24 Sep 2020, 20:08 GMT+10
There has been a noticeable expansion in the use of yogurt powder owing to rapid increase in the number of health conscious population and need for maintaining proper digestive health.
DUBAI, UAE / ACCESSWIRE / September 24, 2020 / The yogurt powder market hit a value of US$ 200 million in 2019. On the basis of region, North America and Europe holds the largest revenue share. Middle East and Africa is likely to witness potential growth in this market through 2029. Though COVID-19 might have reduced the consumption due to lesser transportation yet need for quality food and inclination towards healthier lifestyle will remain the same, helping the industry revive soon.
'Investment is seen largely in marketing of attractive packaging solutions. Leading players are now collaborating with product manufacturers for a better insight into the scenario and to strengthen their regional market scenario. Need for skimmed yogurt powder in bakeries and household segments will drive the market at a considerable pace,' states the FMI Analyst.
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Yogurt Powder Market - Important Takeaways
Yogurt Powder Market - Driving Factors
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Yogurt Powder Market - Key Restraints
Expected Impact on Market by Coronavirus Outbreak
Falling in the food and beverage industry, yogurt powder market is likely to revive soon because people are shifting to a better and healthier lifestyle. Manufacturing and production of raw materials required is easily available but due to slower trade process on account of social distancing, market can face pressure too. Though food retail and manufacturers might experience loss yet the demand is only going to increase due to the benefit it provides.
Competitive Landscape
Major players in the market include Glanbia Plc, Epi Ingredients, Ace International LLP, Almil AG and Kerry Inc., All of these leading players work on building collaborations with major manufacturers to magnify their production capacity.
Major participants rely on investing into promoting products and unique packaging solutions to expand the market and in developing non-fat yogurt. R&D is investing in expanding product portfolio for better margin.
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More on the report
FMI's analysis presents segmentation on the basis of applications (food, beverage, confectionary, cosmetic, household etc.), nature (organic, conventional), flavours (mango, vanilla, banana etc.) type (skimmed, semi-skimmed, whole yogurt), on the basis of distribution channel and region (North America, Europe, Asia, Middle-East, Africa and Oceania)
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
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Report: https://www.futuremarketinsights.com/reports/yogurt-powder-market
Press Release Source: https://www.futuremarketinsights.com/press-release/yogurt-powder-market
SOURCE: Future Market Insights
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