Lactose Free Butter Market Scope
The global lactose free butter market is witnessing significant growth, owing to development of the global processed food industry. The consumption of lactose free butter and dairy foods is not only limited to nutritional needs, but is gaining importance because of the issues related to intolerances or allergies. Consumers have also developed a new trend in the food industry. The consumers require clean-label food nowadays, which includes organic, gluten-free, non-GMO, etc. Ingredients manufacturers are fulfilling this demand by providing the required ingredient. Thus, few of the manufacturers have started manufacturing organic lactose-free butter using organic cream as the source.
According to AMA, the Global Lactose Free Butter market is expected to see growth rate of 7.5%The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lactose Free Butter market throughout the predicted period.
The Kraft Heinz Company (United States), The Hain Celestial Group, Inc. (United States), Cargill Inc. (United States), Kerry Group PLC (Ireland), Chr Hasen A/S (Denmark), Dupont (United States), Kellogg Company (United States) and General Mills, Inc.(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Corbion Inc. (United States) and Ingredion Incorporated (United States).
Segmentation Overview
The study have segmented the market of Global Lactose Free Butter market by Type (Whipped Butter, Clarified Butter, Cultured Butter and Others), by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Lactose Free Butter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Increasing in Need for Energy with Weight Management and Upsurg in Consumer Preference toward Sugar Free, Lactose Free, and Gluten-Free Flour
Market Growth Drivers:
Rise in Consumption of Lactose Free Butter and Other Dairy Products by Aging Population, and Growth in Urbanization and Rise in Prevalence of Diabetes, Obesity, and Other Health Issues
Challenges:
High Cost Compared to Other Conventional Dairy Products
Restraints:
Lack of Awareness, Regarding the Benefits of Lactose Free Dairy Products
Opportunities:
Consumer Preference toward Natural and Organic Food and Increase in Health Consciousness among People
Market Leaders and their Expansionary Development Strategies
In December 2021,Cargill has reached an agreement with Croda to acquire the majority of its performance technologies and industrial chemicals business for EUR 915,000,000 on a cash-free, debt-free basis. The investment would dramatically expand Cargill’s bioindustrial footprint to better serve industrial manufacturers searching for “greener” ingredient solution
In February 2024, Perfect Day, a leading precision fermentation innovator and supplier, has partnered with Unilever's Breyers, a family favorite since 1866, to launch Breyers Lactose-Free Chocolate made with Perfect Day's dairy protein from fermentation.
Key Target Audience
Lactose-Free Butter Manufactures, Distributors, Suppliers, Government Regulatory Bodies, Government Research Organisation, Private Research Organisation and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.