What is Lactose Free Dairy Products Market Scope?
A major shift towards organic food and beverages in the Western European countries has been witnessed over the past few years due to increasing awareness about ethical and unethical synthetic ingredients in non-organic foods and beverages products among consumers. This trend has led to the increased production of organic milk in many countries. Rising lactose intolerant and lactose allergic population has also significantly contributed to the growth of the global lactose-free dairy market. Lactose is the sugar mainly found in dairy products. Dairy products contain lactose which gets digested with the help of enzyme lactase in the body. People who lack this enzyme are lactose intolerant. Lactose-free dairy product manufacturers add lactase to lactose-free milk which is an enzyme that breaks down lactose sugar found in dairy products, helping lactose-free dairy products to be consumed without experiencing gastrointestinal symptoms.
Influencing Trend:
The Shift of Consumers towards Organic Food and Beverages and E-Retailers Might Emerge in the Upcoming Years Due to the Growing Acceptance Of Online Shopping And The Penetration Of The Internet
Market Growth Drivers:
Rising Organic Food and Beverages Consumption, Limitations in the Usage of Plant-Based Products over Culinary Food Products, Stringent Government Regulations for the Production of Organic Milk, The Increasing Number of Lactose Intolerant and Lactose Allergy among Consumers and Improving Global Economics
Challenges:
Low Liquidity Raw Milk Market are some of the Challenges Faced by the Market Manufacturers
Restraints:
Tough Competition among Dairy Substitutes Such As Nuts and Cereals May Hamper the Market
Opportunities:
Increasing Consumption of Lactose-Free Dairy Products Due To Huge Health Appeal and Easy Digestibility, And Nutritional Benefits of the Lactose-Free Products
The Lactose Free Dairy Products market study is being classified by Type (Milk, Condensed Milk, Milk Powder, Yoghurt, Ice Cream, Deserts, Butter/Cheese, Infant Formula and Processed Milk Products), by Application and major geographies with country level break-up.
According to AMA, the Global Lactose Free Dairy Products market is expected to see growth rate of 5.7% and may see market size of USD20.0 Billion by 2030.The market is fragmented by multinational players who offer 40-50% share of lactose-free dairy products in the market. The players are focusing on private label offerings and collaboration with retailers. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Lactose Free Dairy Products market throughout the predicted period.
Green Valley Creamery (United States), McNeil Nutritionals, LLC (United States), Valio Internationals (Europe), Alpro, Ltd. (United Kingdom), Cabot Creamery Cooperative, Inc. (United States), Saputo Inc. (United States), The Danone Company Inc. (France) and Nestlé S.A. (Switzerland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Arla Foods (Denmark) and DSM N.V. (Europe).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Lactose Free Dairy Products market by Type, Application and Region. On the basis of Type, Milk are dominating the market in the year 2023
On the basis of geography, the market of Lactose Free Dairy 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). North America region hold largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Influencers and their Development Strategies
In December 2023,Kerry Group plc ("Kerry"), the global taste & nutrition company, announces it has entered into a definitive agreement to acquire part of the global lactase enzyme business of Chr. Hansen Holding A/S (“Chr. Hansen”) and Novozymes A/S (“Novozymes”) (together the “Lactase Enzymes Business”) on a carve out basis.¹ This acquisition is subject to European Commission approval of Kerry as a buyer and forms part of the Novozymes and Chr. Hansen merger approval process.
In October 2016, Green Valley Creamery, the leader in organic, lactose-free dairy products that taste great and meet diverse digestive needs, announces the launch of lactose-free butter, the first-ever on the United States market that is both lactose free and certified organic. Green Valley Creamery lactose-free butter is now available at Sprouts, Meijer, New Seasons, Gelson’s and Natural Food Coops nationwide with growing distribution into other store chains at a suggested retail price of USD 4.99 for a half-pound block.
Key Target Audience
Lactose-free dairy product producers/ processors, Commercial research & development (R&D) institutions, Raw material suppliers and distributors, Government and research organizations, Associations and industrial bodies, Retailers, supermarket, and hypermarket and Traders, exporters, and importers
Lactose Free Dairy Products Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Lactose Free Dairy Products Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Lactose Free Dairy Products industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.