Global Low-fat Dairy Beverages Market 2018-2022
About Low-fat Dairy Beverages
The report covers the current scenario and estimates the value of the global low-fat dairy beverages market for the forecast period 2018-2022. The parent market for the global low-fat dairy beverages market is the global dairy market.
Technavio’s analysts forecast the global low-fat dairy beverages market to grow at a CAGR of 3.45% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global low-fat dairy beverages market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low-fat Dairy Beverages Market 2018-2022
Technavio recognizes the following companies as the key players in the global low-fat dairy beverages market: Arla Foods, Dean Foods, Danone, Nestlé, Organic Valley, and THE COCA-COLA COMPANY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of new flavors. Vendors are introducing new flavors as it helps in keeping the interest of the consumers alive and prevents the market from reaching maturity. With the rising trend of experimenting with new flavors, the taste preferences of consumers are also changing.”
According to the report, one driver in the market is increasing health consciousness. The rising prevalence of obesity and related diseases are resulting in an increased health consciousness among a large number of individuals around the world, especially among consumers in the age group of 18 to 32 years.
Further, the report states that one challenge in the market is instances of product recalls. In January 2018, Health Canada issued a recall of various milk products under brands Farmers, Natrel, and Northumberland due to the presence of sanitizer in the products. The recalled products included 2% milk, 3.25% homogenized milk, and 1% milk in various sizes, as well as coffee cream and whipping cream.