Fermented Milk Market Key Players Analysis 2031
The fermented milk market is expected to register a CAGR of 4% during 2023–2031. The rising health consciousness among consumers is likely to remain a key trend in the market.
Fermented Milk Market Analysis
- The demand for fermented milk which is devoid of harmful saturated fats and enriched with needed calcium and protein has hiked the demand of the fermented milk market.
- The sense of knowledge that consumers have disseminated about the wear and tear their bodies go through whilst digesting the daily intake of saturated fats, the market for fermented milk has increased.
- Additionally, the properties such as furthering digestibility, vitamins, probiotics, and minerals, people with allergies or are lactose intolerant can drink them which fuels the market demand.
Fermented Milk Market Overview
- Fermented milk is derived from the fermentation of the milk by certain types of bacteria such as Lactobacilli or Bifidobacteria.
- Fermentation by the bacteria gives partial degradation of the milk by its host bacteria, which makes the fermented milk easier to digest.
- Fermented milk contains properties such as digestibility, more vitamins, added probiotics, and minerals that enable consumers with any form of milk allergy or lactose intolerance to consume it.
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Fermented Milk Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Fermented Milk Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Fermented Milk Market Drivers and Opportunities
Increasing Demand for Reduced Sugar Products
- Rising awareness among consumers regarding the detrimental effects of excessive sugar consumption on health.
- The desire for healthier options that align with dietary preferences, such as low-sugar or sugar-free alternatives.
- Increased emphasis on weight management and the recognition of the role of sugar in weight gain, prompting consumers to opt for reduced sugar options.
- Manufacturers are actively addressing consumer demands by developing innovative formulations and utilizing advanced technologies to decrease sugar content in fermented milk products.
Rise in Lactose Intolerant Consumers
- Lactose intolerance, a condition where individuals have difficulty digesting lactose, the sugar found in milk and dairy products, is becoming more prevalent.
- As a result, there is a shift in consumer preferences towards dairy alternatives that are easier to digest. Fermented milk products like yogurt, which naturally contain lower levels of lactose, have gained popularity.
- The increased awareness surrounding lactose intolerance and its associated symptoms has prompted individuals to actively seek out lactose-free or lactose-reduced fermented milk products.
- In response to this growing demand, manufacturers have developed specialized products that cater to lactose-intolerant individuals, including lactose-free options or products with reduced levels of lactose.
Fermented Milk Market Report Segmentation Analysis
Key segments that contributed to the derivation of the fermented milk market analysis are deployment type and enterprise size.
- Based on type, the fermented milk market is divided into cheese, yogurt, butter, sour cream, and others.
- based on distribution channels, the market is divided into specialty stores, supermarkets and hypermarkets, online stores, and others.
Fermented Milk Market Share Analysis by Geography
- Fermented Milk Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering fermented milk market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the fermented milk market in these regions.
Fermented Milk Market Report Scope
Fermented Milk Market News and Recent Developments
The fermented milk market is evaluated by gathering qualitative and quantitative data post post-primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the fermented milk market are listed below:
- Amul has introduced a new flavor in its ice cream portfolio, called Isabcool ice cream, and netizens cannot keep calm after discovering that it has Isabgol, a common laxative used in Indian households, Isabgol, also known as psyllium husk, is a common laxative used by Indians. It is a dietary fiber that helps to increase stool and relieve constipation. The insoluble fiber present in psyllium husk causes the stool to soften and become bulky, thereby improving gut movement. It also reduces the inflammation in piles due to its anti-inflammatory properties. Isabgol is one of the most commonly used home remedies for constipation. It is also good for diabetic patients as it helps to manage blood glucose levels. Isabgol can help with losing weight too. According to Healthline, psyllium husk stimulates the immune system, aids in colon cleansing, and improves digestion, which further helps in resistance to fat growth and weight loss. (Source: Amul, Press Release, May 2022)
Fermented Milk Market Report Coverage and Deliverables
The “Fermented Milk Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Fermented milk market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Fermented milk market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Fermented milk market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the fermented milk market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
The leading players operating in the fermented milk market are Danone, Nestle, Parmalat S.p.A., Yakult, Chobani LLC, Yoplait, Arla Foods, Muller, Britannia Industries Limited, and Friesland Campina.
The rising health consciousness among consumers is anticipated to play a significant role in the global fermented milk market in the coming years.
The global fermented milk market is expected to grow at a CAGR of 4% during the forecast period 2023 - 2031.
The increasing demand for reduced sugar products is one of the major factors driving the fermented milk market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fermented Milk Market - By Type
1.3.2 Fermented Milk Market - By Distribution Channel
1.3.3 Fermented Milk Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FERMENTED MILK MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FERMENTED MILK MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FERMENTED MILK MARKET - GLOBAL MARKET ANALYSIS
6.1. FERMENTED MILK - GLOBAL MARKET OVERVIEW
6.2. FERMENTED MILK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FERMENTED MILK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CHEESE
7.3.1. Overview
7.3.2. Cheese Market Forecast and Analysis
7.4. YOGURT
7.4.1. Overview
7.4.2. Yogurt Market Forecast and Analysis
7.5. BUTTER
7.5.1. Overview
7.5.2. Butter Market Forecast and Analysis
7.6. SOUR CREAM
7.6.1. Overview
7.6.2. Sour cream Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. FERMENTED MILK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SPECIALTY STORES
8.3.1. Overview
8.3.2. Specialty Stores Market Forecast and Analysis
8.4. SUPERMARKET AND HYPERMARKET
8.4.1. Overview
8.4.2. Supermarket and Hypermarket Market Forecast and Analysis
8.5. ONLINE STORES
8.5.1. Overview
8.5.2. Online Stores Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FERMENTED MILK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fermented Milk Market Overview
9.1.2 North America Fermented Milk Market Forecasts and Analysis
9.1.3 North America Fermented Milk Market Forecasts and Analysis - By Type
9.1.4 North America Fermented Milk Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Fermented Milk Market Forecasts and Analysis - By Countries
9.1.5.1 United States Fermented Milk Market
9.1.5.1.1 United States Fermented Milk Market by Type
9.1.5.1.2 United States Fermented Milk Market by Distribution Channel
9.1.5.2 Canada Fermented Milk Market
9.1.5.2.1 Canada Fermented Milk Market by Type
9.1.5.2.2 Canada Fermented Milk Market by Distribution Channel
9.1.5.3 Mexico Fermented Milk Market
9.1.5.3.1 Mexico Fermented Milk Market by Type
9.1.5.3.2 Mexico Fermented Milk Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Fermented Milk Market Overview
9.2.2 Europe Fermented Milk Market Forecasts and Analysis
9.2.3 Europe Fermented Milk Market Forecasts and Analysis - By Type
9.2.4 Europe Fermented Milk Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Fermented Milk Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fermented Milk Market
9.2.5.1.1 Germany Fermented Milk Market by Type
9.2.5.1.2 Germany Fermented Milk Market by Distribution Channel
9.2.5.2 France Fermented Milk Market
9.2.5.2.1 France Fermented Milk Market by Type
9.2.5.2.2 France Fermented Milk Market by Distribution Channel
9.2.5.3 Italy Fermented Milk Market
9.2.5.3.1 Italy Fermented Milk Market by Type
9.2.5.3.2 Italy Fermented Milk Market by Distribution Channel
9.2.5.4 United Kingdom Fermented Milk Market
9.2.5.4.1 United Kingdom Fermented Milk Market by Type
9.2.5.4.2 United Kingdom Fermented Milk Market by Distribution Channel
9.2.5.5 Russia Fermented Milk Market
9.2.5.5.1 Russia Fermented Milk Market by Type
9.2.5.5.2 Russia Fermented Milk Market by Distribution Channel
9.2.5.6 Rest of Europe Fermented Milk Market
9.2.5.6.1 Rest of Europe Fermented Milk Market by Type
9.2.5.6.2 Rest of Europe Fermented Milk Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fermented Milk Market Overview
9.3.2 Asia-Pacific Fermented Milk Market Forecasts and Analysis
9.3.3 Asia-Pacific Fermented Milk Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Fermented Milk Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Fermented Milk Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fermented Milk Market
9.3.5.1.1 Australia Fermented Milk Market by Type
9.3.5.1.2 Australia Fermented Milk Market by Distribution Channel
9.3.5.2 China Fermented Milk Market
9.3.5.2.1 China Fermented Milk Market by Type
9.3.5.2.2 China Fermented Milk Market by Distribution Channel
9.3.5.3 India Fermented Milk Market
9.3.5.3.1 India Fermented Milk Market by Type
9.3.5.3.2 India Fermented Milk Market by Distribution Channel
9.3.5.4 Japan Fermented Milk Market
9.3.5.4.1 Japan Fermented Milk Market by Type
9.3.5.4.2 Japan Fermented Milk Market by Distribution Channel
9.3.5.5 South Korea Fermented Milk Market
9.3.5.5.1 South Korea Fermented Milk Market by Type
9.3.5.5.2 South Korea Fermented Milk Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Fermented Milk Market
9.3.5.6.1 Rest of Asia-Pacific Fermented Milk Market by Type
9.3.5.6.2 Rest of Asia-Pacific Fermented Milk Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fermented Milk Market Overview
9.4.2 Middle East and Africa Fermented Milk Market Forecasts and Analysis
9.4.3 Middle East and Africa Fermented Milk Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Fermented Milk Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Fermented Milk Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fermented Milk Market
9.4.5.1.1 South Africa Fermented Milk Market by Type
9.4.5.1.2 South Africa Fermented Milk Market by Distribution Channel
9.4.5.2 Saudi Arabia Fermented Milk Market
9.4.5.2.1 Saudi Arabia Fermented Milk Market by Type
9.4.5.2.2 Saudi Arabia Fermented Milk Market by Distribution Channel
9.4.5.3 U.A.E Fermented Milk Market
9.4.5.3.1 U.A.E Fermented Milk Market by Type
9.4.5.3.2 U.A.E Fermented Milk Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Fermented Milk Market
9.4.5.4.1 Rest of Middle East and Africa Fermented Milk Market by Type
9.4.5.4.2 Rest of Middle East and Africa Fermented Milk Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fermented Milk Market Overview
9.5.2 South and Central America Fermented Milk Market Forecasts and Analysis
9.5.3 South and Central America Fermented Milk Market Forecasts and Analysis - By Type
9.5.4 South and Central America Fermented Milk Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Fermented Milk Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fermented Milk Market
9.5.5.1.1 Brazil Fermented Milk Market by Type
9.5.5.1.2 Brazil Fermented Milk Market by Distribution Channel
9.5.5.2 Argentina Fermented Milk Market
9.5.5.2.1 Argentina Fermented Milk Market by Type
9.5.5.2.2 Argentina Fermented Milk Market by Distribution Channel
9.5.5.3 Rest of South and Central America Fermented Milk Market
9.5.5.3.1 Rest of South and Central America Fermented Milk Market by Type
9.5.5.3.2 Rest of South and Central America Fermented Milk Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FERMENTED MILK MARKET, KEY COMPANY PROFILES
11.1. ARLA FOODS AMBA (ARLA)
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRITANNIA INDUSTRIES LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHOBANI, LLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DANONE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL MILLS, INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MULLER UK AND IRELAND GROUP LLP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NESTLE S A
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PARMALAT S.P.A.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ROYAL FRIESLANDCAMPINA N.V.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YAKULT DANONE INDIA PVT LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Arla Foods amba (Arla)
2. Britannia Industries Limited
3. Chobani, LLC
4. Danone
5. GENERAL MILLS, INC
6. Muller UK and Ireland Group LLP
7. Nestle S A
8. Parmalat S.p.A.
9. Royal FrieslandCampina N.V.
10. Yakult Danone India Pvt Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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