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Global Low Fat Dairy Products Market Expected to Grow at a CAGR of 4% During 2021-2026, Driven by Major Developments in the Yoghurt Food Industry

According to a new report by EMR titled, 'Global Low Fat Dairy Products Market Report and Forecast 2021-2026', the global market for low fat dairy products is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

The low fat dairy products is positively influenced by the major developments in the yoghurt food industry to expand the market, which is indirectly bolstering the global market of low fat dairy product. In addition, the development in retailing infrastructure, fosters the consumption of low fat dairy products, consequently facilitating the market growth of low fat dairy products. Moreover, the growth in retail business will encourage new growth opportunities for the manufacturers to develop new and innovative products to enrich the development of low fat dairy products industry. Further, the inflating disposable income is assisting the growth of low fat dairy product industry.

The market growth is boosted by the growing competition among the key industry players, such as Danone S.A. (EPA: BN) and Fonterra Co-Operative Group Limited. In July 2020, Danone S.A., a French multinational food-products corporation, launched of Super Danimals, a brand new low fat yoghurt that claims to boost the immune system. It is formulated with billions of live and active probiotics containing vitamins C and D.  Super Danimals is Non-GMO Project verified and is available in cherry vanilla, blueberry, and strawberry flavours. The heightened interest of consumers in immunity during the forecast period due to widespread COVID cases is expected to promote the market growth of low fat dairy products.

Market Analysis by Nature, Type, Distribution Channel, and Region:

  • The low fat dairy products industry, on the basis of nature, is bifurcated into organic and conventional. 
  • Based on type, the industry is segmented into low fat butter, low fat cheese, low fat yoghurt, low fat ice cream, reduced fat margarine, fat free condensed milk, skimmed milk, among others.
  • By distribution channel, the industry is categorised into supermarkets and hypermarkets, convenience stores, dairy stores, and online, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for low fat dairy products is driven by the inflating disposable income of the population.
  • The market is aided by the growing health awareness among the masses about the benefits of consuming low fat dairy products.
  • The rising obese population who are adopting healthy lifestyle to improve their health are bolstering the market growth of low fat dairy products.
  • The growing emphasis on investment in dairy research and science is promoting product innovations in the dairy market, consequently assisting the growth of low fat dairy products industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for low fat dairy products for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the nature, types, distribution channels, and major regions of low fat dairy products. 
  • It gives an in-depth look at the price trends in the global market for low fat dairy products.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Arla Foods amba, Danone S.A., Fonterra Co-Operative Group Limited, Gujarat Cooperative Milk Marketing Federation Ltd., among others are the key players in the global low fat dairy products market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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