Lactofree Yogurt Market Scope
Lactose is a disaccharide sugar that is present naturally only in milk. It is found in dairy products made from milk and milk derivates. Lactose intolerance is a biological problem, which is mainly caused by the inability to digest lactose. The symptom of lactose intolerance includes diarrhea, abdominal, cramps, and bloating. The growing lactose-intolerant population is majorly driving the growth of the global lactose-free dairy yogurt market.
The Lactose-free yogurt market is highly fragmented, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. The market has the presence of various family-owned private companies operating in distinct categories and their presence is limited to fewer countries across the region. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lactofree Yogurt market throughout the predicted period.
Green Valley Creamery (United States), McNeil Nutritionals, LLC (United States), Valio International (Finland), Nestle SA (Switzerland), General Mills Inc. (United States), Mondelez International (United States), Arla Foods amba (Denmark), Saputo Dairy Products (Canda), The Danone Company Inc. (France), Dean Foods (United States) and Smith Dairy Products Co.(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 Hiland Dairy (United States), Granarolo Group (Italy), Cabot Creamery Cooperative (United States) and Alpro (Belgium).
Segmentation Overview
The study have segmented the market of Global Lactofree Yogurt market and Region with country level break-up.
On the basis of geography, the market of Lactofree Yogurt 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:
Rising incidences of lactose-intolerance cases and Growing several cases related to food allergies from different products containing lactose
Market Growth Drivers:
Increase in the consumption of organic food and Increasing per capita expenditure on dairy products both in developed and developing countries
Challenges:
Stringent Government Regulations
Restraints:
Tough competition from dairy substitutes
Opportunities:
Easy digestibility and enhanced bioavailability of the lactose-free dairy products
Market Leaders and their Expansionary Development Strategies
In Kerry Acquired the lactase enzyme business of merging Danish bioscience Companies Ch. Hansen and Novozymes.
In August 2023,Bharat Skyr & Doodh Products, a well-known brand among premium milk product manufacturers - Skyrrup, announces the launch of lactose-free Greek Yogurt for yogurt lovers. With a protein content of 7.5 grams & made from A2 Cow Milk, Skyrrup’s Greek Yogurt not only provides essential nourishment but also delights the senses.
Key Target Audience
Government Regulatory Bodies, Government Research Organizations, Private Research Organizations 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.