Lactose-Free Dairy Products Market

Lactose-Free Dairy Products Market is projected to reach USD 23476 million by 2027, exhibiting a CAGR of 6.4% during forecast period.

Lactose-free dairy products contain less amount of lactose and are mainly consumedby individuals having lactose intolerance problems. These products provide essential nutrients,such as calcium and vitamin A, vitamin D, and protein, that are present in regular dairy products. The numerous types of lactose-free dairy products that are widely available in the market include milk, condensed milk, milk powder, yogurt, ice cream, desserts, butter/cheese, and other milk products.

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The fundamental shift in the consumer’s preference for organic food and beverages at the global level is the primary factor contributing to the growth of the global lactose-free dairy products market. In parallel, the rapidly increasing per capita income and the growing incidences of lactose intolerance will directly surge the demand for lactose-free dairy products. The increasing consumer awareness related to the unethical and synthetic ingredients used in various food and beverage products is encouraging them to opt for lactose-free dairy products, thereby boosting the growth of the market in the coming years. Simultaneously, the increasing purchasing power of the consumers, followed by the rising focus on health and wellness, is leading to an emerging demand for premium food products.

The increasing population rate and adaption of the modern lifestyle will indirectly accelerate the demand of the market. During the COVID-19 crisis, the demand for lactose-free dairy products is projected to accelerate as a large section of consumer base is shifting from meat-based to dairy-based products across the globe.The pandemic will have a positive impact on the market due to the strong demand for essential products such as dairy products.On the other end of the spectrum, the easy availability of substitutes of lactose-free dairy products, such as nuts and cereals, is the major factor that will hamper the growth of the global lactose-free dairy products market.

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Based on nature,the organic nature segment is projected to grow at a higher CAGR over the forecast period. The organic lactose-free dairy products help to reduce the risk of contaminated feed and offer anample amount of nutritional value. These organic products contain pasture-raised organic protein without the lactose moleculeto minimize chances of lactose-intolerance allergies.

Based on the product type, the yogurt type segment isanticipated to dominate the market during the forecast period due to the easy availability of a wide range of flavored yogurt and its creamy and low-fat properties. Yogurt is considered as an excellent source of protein and includes live bacteria that are easily digestible. In addition to this, the emerging trend of adding flavored yogurt in different dishes for palatable taste, aroma, and flavor, will further boost the demand of the segment.

Based on the distribution channel, the Hypermarket/Supermarket distribution channelis expected to witness a higher CAGR over the forecast period. This is attributed to the rapid urbanization and the hectic lifestyle of the consumers. These stores offer a broad range of product portfolio with high nutritional values, which is another factor that will energize the demand of the segment in the market.

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Based on the region, the North America region is expected to dominate the market during the forecast period owing to the rising health consciousness among the population in this region. Moreover, the strong demand for organic food items and rising incidences of lactose intolerance among the kids and adults will further boost the lactose-free dairy products in this region. On the other hand, the Asia-Pacific region is expected to grow at a higher CAGR over the forecast period. The increasing awareness regarding the nutritional benefits offered by lactose-free dairy products and accelerated adoption of lactose-free dairy products, is the key driver surging the demand of the market in this region.

Various notable players operating in the market includeValio International, Shamrock Foods Company, Arla Foods, Dean Foods, The Danone Company Inc., Murray Goulburn Co-Operative, Nestle S.A.,Kerry Group,Fonterra Co-Operative Group Limited, and Cargill, Incorporated, among others.

The global lactose-free dairy products market is categorized on the basis of nature, product type, form, distribution channel, and region. Thenaturesegment is categorized into organic and conventional. Theproduct typesegment is categorized intomilk, condensed milk, milk powder, yogurt, ice cream, desserts, butter/cheese and others. Theform segment is categorized into semi-solid, liquid and powder.The distribution channelsegment is categorizedinto supermarket/hypermarket, online, specialty stores and others.

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Key questions answered in this research report:

• • At what pace is global lactose-free dairy products market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global lactose-free dairy products market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global lactose-free dairy products market?
  • Which Nature generated maximum revenues in 2019 and identify the most promising Nature during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • What are the various forms of global lactose-free dairy products market and how they are poised to grow?

Market Segmentation

Global Lactose-Free Dairy Products Market by Nature                                   

• • Organic
  • Conventional

Global Lactose-Free Dairy Products Market by Product Type

• • Milk
  • Condensed Milk
  • Milk Powder
  • Yogurt
  • Ice Cream
  • Desserts
  • Butter/Cheese
  • Others

Global Lactose-Free Dairy Products Market by Form

• • Semi-solid
  • Liquid
  • Powder

Global Lactose-Free Dairy Products Market by Distribution Channel

• • Supermarket/Hypermarket
  • Online
  • Specialty Stores
  • Others 

Global Lactose-Free Dairy ProductsMarket by Region

• • North America Lactose-Free Dairy Products Market (Option 1: As a part of the free 25% customization)

• • • North America Lactose-Free Dairy Products Market by Nature
    • North America Lactose-Free Dairy Products Market by Product Type
    • North America Lactose-Free Dairy Products Market by Form
    • North America Lactose-Free Dairy Products Market by Distribution Channel
    • US Lactose-Free Dairy Products Market All-Up
    • Canada Lactose-Free Dairy Products Market All-Up
  • Europe Lactose-Free Dairy Products Market (Option 2: As a part of the free 25% customization)

• • •  Europe Lactose-Free Dairy Products Market by Nature
    •  Europe Lactose-Free Dairy Products Market by Product Type
    •  Europe Lactose-Free Dairy Products Market by Form
    •  Europe Lactose-Free Dairy Products Market by Distribution Channel
    •  UK Lactose-Free Dairy Products Market All-Up
    •  Germany Lactose-Free Dairy Products Market All-Up
    •  France Lactose-Free Dairy Products Market All-Up
    •  Spain Lactose-Free Dairy Products Market All-Up
    •  Rest of Europe Lactose-Free Dairy Products Market All-Up
  •  Asia-Pacific Lactose-Free Dairy Products Market (Option 3: As a part of the free 25% customization)

• • • Asia-Pacific Lactose-Free Dairy Products Market by Nature
    • Asia-Pacific Lactose-Free Dairy Products Market by Product Type
    • Asia-Pacific Lactose-Free Dairy Products Market by Form
    • Asia-Pacific Lactose-Free Dairy Products Market by Distribution Channel
    • China Lactose-Free Dairy Products Market All-Up
    • India Lactose-Free Dairy Products Market All-Up
    • Japan Lactose-Free Dairy Products Market All-Up
    • Rest of APAC Lactose-Free Dairy Products Market All-Up

• • RoW Lactose-Free Dairy Products Market (Option 4: As a part of the free 25% customization)

• • • RoW Lactose-Free Dairy Products Market by Nature
    • RoW Lactose-Free Dairy Products Market by Product Type
    • RoW Lactose-Free Dairy Products Market by Form
    • RoW Lactose-Free Dairy Products Market by Distribution Channel
    • Brazil Lactose-Free Dairy Products Market All-Up
    • South Africa Lactose-Free Dairy Products Market All-Up
    • Saudi Arabia Lactose-Free Dairy Products Market All-Up
    • UAE Lactose-Free Dairy Products Market All-Up
    • Rest of world (remaining countries of the LAMEA region)Lactose-Free Dairy Products Market All-Up

Major Players Operating the Lactose-Free Dairy Products (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Valio International
  • Shamrock Foods Company
  • Arla Foods
  • Dean Foods
  • The Danone Company Inc.
  • Murray Goulburn Co-Operative
  • Nestle S.A.
  • Kerry Group
  • Fonterra Co-Operative Group Limited
  • Cargill, Incorporated