Market Overview:
The global low fat product market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about health and wellness, rising obesity rates, and growing demand for healthy food products. In terms of type, the organic segment is expected to grow at a higher CAGR than the conventional segment during the forecast period. This can be attributed to the increasing demand for organic food products due to their perceived health benefits over conventionally grown foods. In terms of application, supermarkets are expected to hold a larger share of the global low fat product market than convenience stores during the forecast period. This can be attributed to supermarkets’ large customer base and wide distribution networks across regions. North America is estimatedto account forthe largest shareof themarket in2018 followed by Europeand Asia Pacific .
Product Definition:
A low-fat product is a food that has been reduced in fat. Low-fat foods are important for people who are trying to lose weight or maintain a healthy weight, because they help to limit the amount of calories you consume.
Organic:
Organic products are those manufactured without the use of chemical additives or any type of synthetic material. Organic food is produced through methods such as organic farming, organic processing and even in some cases, the use of bio-technology. The global market for organic products is expected to witness significant growth over the forecast period owing to factors such as rising health awareness among consumers and government support for organically grown crops.
Conventional:
Conventional products are the ones that have been used for a long time and have been proven to work. These products do not require any scientific evidence to support their claims like modern day product’s advertisement, which makes them stronger than other conventional product’s in the market.
The low-fat dairy industry has seen tremendous growth over the past few years on account of rising health consciousness among consumers across various age groups in both developed as well as developing countries.
Application Insights:
The supermarkets segment held the largest share of over 70.0% in 2017. The growing demand for low-fat products from health-conscious consumers is expected to remain a key factor driving the market growth over the forecast period. Moreover, increasing penetration of organic and natural food products in supermarkets will further fuel product demand in this application segment.
Convenience stores are projected to be one of the fastest growing segments with a CAGR exceeding 5% from 2018 to 2030 owing to rising consumer disposable income and changing lifestyle habits among working class adults coupled with an increase in consumption patterns that include fast foods and soft drinks along with other related items at convenience stores around the world including 7/11, 24/7, etc. These factors are anticipated to drive convenience store sales which will result into increased product penetration at these retail outlets which is likely to positively impact industry growth over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30%. The region is expected to witness significant growth over the forecast period owing to increasing health consciousness among consumers. Increasing disposable income levels, coupled with changing lifestyles, will also drive demand in this region. Furthermore, rising penetration of organized retail chains such as supermarkets and hypermarkets will further boost product sales.
North America is anticipated to be one of the fastest-growing regions from 2018 to 2030 due to growing consumption patterns among consumers favoring low-calorie food products along with stringent government regulations regarding sugar content in beverages and snacks leading to an increase in their sale volume at a lower price compared with other competitors’ products. In addition, new companies are acquiring existing brands having high consumer recognition for launching new variants within budget pricing attracting customers towards organic foods across countries such as U.S., Canada, Mexico etc., thereby boosting industry expansion over the next eight years (2018 - 2030).
Growth Factors:
- Increasing awareness about the health benefits of low-fat diets.
- Rising obesity rates in many countries are driving demand for low-fat products.
- Growing demand from health-conscious consumers for healthier alternatives to traditional high-fat foods.
- The increasing popularity of healthy eating trends, such as veganism and paleo diet, is boosting demand for low-fat products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Fat Product Market Research Report
By Type
Organic, Conventional
By Application
Supermarkets, Convenience Store, Others
By Companies
Kellogg's, Amul, Ajinomoto Co., Inc., Sofina (Danone), Nestle, Arla Foods, Fonterra, Bernard Food Industries, Dairy Farmers of America (Dean Foods), General Mills, Kellogg's, Tesco, The Kraft Heinz Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Low Fat Product Market Report Segments:
The global Low Fat Product market is segmented on the basis of:
Types
Organic, Conventional
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets, Convenience Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kellogg's
- Amul
- Ajinomoto Co., Inc.
- Sofina (Danone)
- Nestle
- Arla Foods
- Fonterra
- Bernard Food Industries
- Dairy Farmers of America (Dean Foods)
- General Mills
- Kellogg's
- Tesco
- The Kraft Heinz Company
Highlights of The Low Fat Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic
- Conventional
- By Application:
- Supermarkets
- Convenience Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Fat Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A low fat product is a food or beverage that has a lower percentage of total fat than the average food or beverage.
Some of the major companies in the low fat product market are Kellogg's, Amul, Ajinomoto Co., Inc., Sofina (Danone), Nestle, Arla Foods, Fonterra, Bernard Food Industries, Dairy Farmers of America (Dean Foods), General Mills, Kellogg's, Tesco, The Kraft Heinz Company.
The low fat product market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Fat Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Low Fat Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Low Fat Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Low Fat Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Low Fat Product Market Size & Forecast, 2018-2028
4.5.1 Low Fat Product Market Size and Y-o-Y Growth
4.5.2 Low Fat Product Market Absolute $ Opportunity
Chapter 5 Global Low Fat Product Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Low Fat Product Market Size Forecast by Type
5.2.1 Organic
5.2.2 Conventional
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Low Fat Product Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Low Fat Product Market Size Forecast by Applications
6.2.1 Supermarkets
6.2.2 Convenience Store
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Fat Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Fat Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Low Fat Product Analysis and Forecast
9.1 Introduction
9.2 North America Low Fat Product Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Low Fat Product Market Size Forecast by Type
9.6.1 Organic
9.6.2 Conventional
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Low Fat Product Market Size Forecast by Applications
9.10.1 Supermarkets
9.10.2 Convenience Store
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Low Fat Product Analysis and Forecast
10.1 Introduction
10.2 Europe Low Fat Product Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Low Fat Product Market Size Forecast by Type
10.6.1 Organic
10.6.2 Conventional
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Low Fat Product Market Size Forecast by Applications
10.10.1 Supermarkets
10.10.2 Convenience Store
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Low Fat Product Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Low Fat Product Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Low Fat Product Market Size Forecast by Type
11.6.1 Organic
11.6.2 Conventional
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Low Fat Product Market Size Forecast by Applications
11.10.1 Supermarkets
11.10.2 Convenience Store
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Low Fat Product Analysis and Forecast
12.1 Introduction
12.2 Latin America Low Fat Product Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Low Fat Product Market Size Forecast by Type
12.6.1 Organic
12.6.2 Conventional
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Low Fat Product Market Size Forecast by Applications
12.10.1 Supermarkets
12.10.2 Convenience Store
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Low Fat Product Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Low Fat Product Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Low Fat Product Market Size Forecast by Type
13.6.1 Organic
13.6.2 Conventional
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Low Fat Product Market Size Forecast by Applications
13.10.1 Supermarkets
13.10.2 Convenience Store
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Fat Product Market: Competitive Dashboard
14.2 Global Low Fat Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kellogg's
14.3.2 Amul
14.3.3 Ajinomoto Co., Inc.
14.3.4 Sofina (Danone)
14.3.5 Nestle
14.3.6 Arla Foods
14.3.7 Fonterra
14.3.8 Bernard Food Industries
14.3.9 Dairy Farmers of America (Dean Foods)
14.3.10 General Mills
14.3.11 Kellogg's
14.3.12 Tesco
14.3.13 The Kraft Heinz Company
