The new report by EMR titled, ‘Global Low Fat Dairy Products Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global low fat dairy products market, assessing the market based on its segments like nature, type, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 4%

The low fat dairy products industry is being fostered by the increasing prevalence of diseases like obesity worldwide due to consuming regular milk. Further, due to recommendation by clinicians to consume low fat dairy products during pregnancy to fulfil demanding nutritional requirement of both mother and fetus, is invigorating the market growth. In addition, the rising emphasis on investment in R&D activities to boost new or enhanced dairy products, is predicted to positively influence the market growth of low fat dairy products. Moreover, the rising demand for various low fat or fat-free products like low fat yogurt in the food industry is predicted to bolster the market growth over the forecast period.

Industry Definition and Major Segments

Low fat dairy products are those products that are acquired from milk and are processed to reduce the fat content. These products include cheese, skim milk, yogurt and ice cream, among others. The taste, flavour, and texture of low fat dairy products is similar to that of whole milk dairy products. These are prepared through the centrifugal process which requires the segregation of fat from milk, along with the microbes and pathogens.

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On the basis of nature, the market is divided into:

• Organic
• Conventional

Based on type, the industry can be segmented into:

• Low Fat Butter
• Low Fat Cheese
• Low Fat Yoghurt
• Low Fat Ice Cream
• Reduced Fat Margarine
• Fat Free Condensed Milk
• Skimmed Milk
• Others

By distribution channel, the industry is segmented into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Dairy Stores
• Online
• Others

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The regional markets for the product include:

• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa

Market Trends

The growing awareness among the global population about the health benefits of consuming low-fat dairy products is expected to aid the market growth of low fat dairy products. In addition, the rising obese population, is predicted to shift towards adopting a healthy lifestyle, consequently aiding the market growth over the forecast period. Furthermore, the growing emphasis on investment in the R&D activities is promoting innovations and product enhancement in dairy products, consequently aiding the market growth of low fat dairy products.

Key Market Players

The major players in the market are Arla Foods amba, Danone S.A., Fonterra Co-Operative Group Limited, Gujarat Cooperative Milk Marketing Federation Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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