Lactose-Free Dairy Products Market Insights: Top Companies, Demand, and Forecast to 2030.

Comments · 40 Views

Lactose-free dairy products market is expected to register a CAGR of 6.17% from 2023 to 2030 and reach USD 21.59 billion by the end of 2030, Global Lactose-Free Dairy Products Market Research Report: Information by Product Type, Category, Distribution Channel and Region

Lactose-free products are prepared mainly by removing the sugar and lactose found in milk from them. Lactose may be intolerant to some people and cause bloating, intestinal gas, diarrhea, and nausea as side effects of lactose intolerance. Lactose intolerant people highly depend on lactose-0free products for their protein and mineral requirements. Lactose-free dairy products are easy to digest and are highly preferred by health-conscious individuals. The global lactose-free dairy products market is projected to grow with promising growth opportunities and reach high revenue figures in the forthcoming years, as per a thoroughly analyzed study by market Research Future (MRFR). The Lactose-Free Dairy Products market industry is projected to grow from USD 15.07 Billion in 2023 to USD 21.59 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.17% during the forecast period (2023 - 2030)

The Lactose-Free Dairy Products market insight has witnessed significant growth and transformation in recent years, driven by the increasing prevalence of lactose intolerance and a growing demand for dairy alternatives. Consumers are increasingly seeking lactose-free dairy options to enjoy the taste and nutritional benefits of traditional dairy products without discomfort. This market's dynamic landscape is characterized by a wide range of product offerings, including lactose-free milk, cheese, yogurt, and ice cream, catering to diverse dietary preferences. Additionally, innovation and product development have played a pivotal role in expanding the lactose-free dairy market, with manufacturers continuously introducing new flavors, textures, and formulations to satisfy consumer preferences. As health-conscious consumers continue to prioritize lactose-free options, the market is expected to experience sustained growth and innovation in the coming years.

With the growing trend of healthier eating, consumer awareness has witnessed a surge for digestive health. The global lactose-free dairy product market derives much of its growth from the increasing incidences of lactose intolerance across the globe. The growing number of lactose intolerant people induce considerable demand for lactose-free dairy products. To cater to such category of consumers, various food manufacturing companies are launching lactose-free products which stimulate the growth of the market. In addition, to capitalize on the opportunities presented by the global lactose-free dairy products, various manufacturers are foraying into the free-from space. Besides, manufacturers are outlaying massive amounts on R&D to innovate and expand their product portfolios. Improvement in quality and product variation is creating a supportive dais for the growth of the global lactose-free dairy products market. On the downside, the price of lactose-free dairy products is slightly on the higher side which remains a hurdle to the growth of the global lactose-free dairy products market. Lack of awareness and availability in developing regions also restrict the growth of the market.

Request for free sample copy: https://www.marketresearchfuture.com/sample_request/6434

Segmentation

The global lactose-free dairy product market has been segmented based on type, category, packaging type, and distribution channel.

By type, the global lactose-free dairy products market has been segmented into milk, milk powder, yogurt, ice-cream, butter & cheese, whey, and others.

By category, the global lactose-free dairy products market has been segmented into organic and conventional.

By packaging type, the global lactose-free dairy products market has been segmented into bottles, cartons, tubs, and others.

By distribution channel, the global lactose-free dairy products market has been segmented into store-based and non-store based.

Regional Analysis

North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) are the key markets for lactose-free dairy products. North America holds the maximum share of the global lactose-free dairy products market. Growing lactose-intolerant population in the region, especially in the US drives the growth of the North America market. APAC is poised to be the fastest growing market for lactose-free dairy products. Rising incidences of lactose intolerance coupled with greater availability of lactose-free products spur the growth of the market. Elevated levels of awareness and rise in disposable income in the region also support the growth of the market.

Competitive Landscape

The Danone Company Inc. (France), DSM N.V. (Netherlands), Nestlé S.A. (Switzerland), Arla Foods (Denmark), McNeil Nutritionals, LLC (U.S.), Green Valley Creamery (U.S.), Alpro, Ltd. (U.K), Valio International (Lithuania), Saputo Inc. (U.S.), Cabot Creamery Cooperative, Inc. (U.S.) are the notable players in the global lactose-free dairy products market.

Market Outlook:

Lactose-free dairy products market outlook remains promising as consumer preferences continue to shift towards healthier and more inclusive dietary choices. With an increasing awareness of lactose intolerance and a growing demand for dairy alternatives, the market is poised for steady growth. Innovations in lactase enzyme technology and plant-based dairy substitutes have allowed manufacturers to develop a wide range of lactose-free products, including milk, yogurt, cheese, and ice cream, catering to diverse consumer needs. Additionally, the expanding global population, coupled with rising disposable incomes, is expected to drive further expansion in this market segment. As health-conscious consumers seek dairy options that are gentle on their digestive systems without compromising on taste or nutritional value, the lactose-free dairy products market is well-positioned for continued expansion and innovation in the coming years.

Industry Updates

In May 2018, DirectSens GmbH, an Austrian company, launched an enzymatic biosensor that is capable of fast, accurate measurement of lactose in milk and other dairy products. The equipment is beneficial especially for people with severe lactose intolerance.

In June 2018, Epigamia launched India's first all-natural, lactose-free artisanal Greek yogurt.

In March 2018, Muller launched its first lactose-free range of yogurts, available in strawberry and red cherry flavors.

In October 2018, Fairlife, a brand of ultrafiltered milk launched new lactose-free, RTD snack beverage. The Fairlife Smart Snacks range is available in rich chocolate, French vanilla, and creamy strawberry flavors.

Related Reports:

Global Vegan Sour Cream Market Research Report Information By Source (Soy, Cashew, Coconut, Others), By Category (Plain, Flavored) and By Distribution Channel (Store-Based, Non-Store-Based) – Forecast to 2027

Vegan Spreads & Dips Market Research Report: Information by Product Type (Hummus, Ranch, Salsa, Guacamole, Nut Butters, Jams & Marmalade, Others), By Flavor (Garlic, Coconut, Paprika, French Onion, Avocado, Others), By Distribution Channel (Store-Based And Non-Store-Based) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

PH no.: +1 646 845 9312

Email: sales@marketresearchfuture.com

Comments