Industry Overview - Protein has become a significant ingredient in the U.S. food industry, with companies incorporating it into a wide range of products due to rising health interests and the popularity of GLP-1 medications for weight loss [3] Company Performance - Danone, the largest yogurt manufacturer globally, has seen a surge in sales driven by the demand for high-protein products, particularly among consumers using weight-loss drugs [4] - Danone's portfolio in the U.S. consists of 50% Greek yogurt, with a focus on high-protein offerings, including the recent launch of a high-protein Oikos yogurt shake aimed at GLP-1 users [6] Supply Chain Challenges - The company is facing significant manufacturing capacity constraints, which have hindered its ability to meet the soaring demand for high-protein yogurts, leading to a "really tense" supply situation [5][8] - Danone reported a 4.8% increase in like-for-like sales overall, but North America experienced the slowest growth at 1.5%, attributed to these capacity issues [7] Future Plans - To address the demand, Danone is expanding production capacity at several U.S. plants, including a significant investment in its Minster, Ohio facility, amid what it describes as "explosive growth" in yogurt [6]