About Lactose Free Products
Lactose Free Products is a lactose-free commercial dairy product. Lactose is a kind of sugar present in milk products that some individuals have trouble digesting. Lactose-free milk is created by combining lactase with normal cow's milk. Lactase is an enzyme that breaks down lactose in the body and is generated by those who tolerate dairy products. The Lactose free products has very similar texture, taste as well as nutrient components as regular dairy products. Protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D are all found in lactose-free milk. Globally rising number of lactose intolerant patient is leading to acceleration in the growth of the lactose free products. Although there relative expensive costs may hamper the short term prospect of the market. North America and Europe is currently the two prominent markets of lactose free products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Growing number of lactose intolerant people globally has led to diary and non-diary producers to innovate and provide lactose free products. This surge in the demand has led to large scale positive outcomes on the lactose free products. The major constraint in the lactose free products is its high cost, the lack of its availability in developing countries. North America and Europe are the two prominent markets of lactose free products. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lactose Free Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone S.A. (France), Nestlé S.A. (Switzerland), General Mills, Inc. (United States), Valio Ltd (Finland), Gujarat Cooperative Milk Marketing Federation (India), Organic Valley (United States), Dean Foods (United States), Saputo Inc. (Canada), Fonterra Co-operative Group Limited (New Zealand) and Royal FrieslandCampina N.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Prairie Farms Dairy Inc. (United States), Meggle (Germany) and Granlatte Societa Cooperativa Agricola ARL (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Lactose Free Products market by Type (Milk, Yogurt, Cheese, Ice Cream and Others) and Region.
On the basis of geography, the market of Lactose Free Products 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). If we see Market by Sales Channel , the sub-segment i.e. Online {E-Commerce Stores} will boost the Lactose Free Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Tetra Pack will boost the Lactose Free Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Dairy Based will boost the Lactose Free Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Milk Segment Dominates the Market Share of Lactose Free Products Market
Market Growth Drivers:
Rising Patients Suffering from Lactose Intolerance, Growing Awareness about Health Issues Associated with Lactose in Developed Countries and Growing Vegan Culture thus Driving Shift towards Lactose Free Vegan Milk and Other Related Products
Challenges:
Lack of Lactose Free Products in Developing Countries
Restraints:
Higher Costs Compared to Regular Milk Products
Opportunities:
Other Added Segments such as Reduced Sugar or No Sugar Segment can present an Opportunity for Value Addition
Market Leaders and their expansionary development strategies
In 2021, Danone S.A., a France based multinational food products corporation specialised in dairy has announced acquisition of Follow Your Heart, which is a United States based vegan dairy maker. The acquisition in line with Danone’s strategy of expanding its plant based or vegan portfolio due to globally growing veganism culture. The acquisition is expected to even benefit Follow Your Heart to increase innovation and introduce new products to its line as well as expand its presence in other markets.
In 2021, good culture, LLC, a United States based dairy brand of Cultured Foods has announced launch of its new lactose free product range. The lactose free products include Lactose-Free Cottage Cheese, Squeezable Lactose-Free Sour Cream Pouch, and Lactose-Free Sour Cream Tubs. The aim of this launch is to expand the consumer base by providing better gut friendly and probiotic based lactose free dairy options.
Key Target Audience
Lactose Free Products Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.