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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.
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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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