Lactose-free dairy market to reach US$23.1 billion by 2032
Global Lactose-Free Dairy Market, 2021-2022 and Forecast to 2032: Rising Demand for Healthier Dairy Alternatives, Growing Lactose Intolerant Population, Increasing Consumer Purchasing Power.
NEWARK, Del., May 2, 2022 /PRNewswire/ — Global Lactose Free Dairy Market is expected to grow at a CAGR of 5.5% and is expected to reach a valuation of around $23.1 billion by 2032.
Lactose intolerance is a common and debilitating disease that affects approximately 75% of people worldwide. As a result, consumers avoid dairy products because lactose is difficult for them to digest. Lactose intolerance currently affects more than 40 million Americans, or about one-third of the population, in varying degrees of severity.
It is particularly common in people with East Asia, affecting more than 90% of adults in some of these populations. As a result, lactose-free dairy products have a great growth opportunity in the global market.
Various studies have however shown that a lactose intolerant consumer can easily ingest a small number of dairy products because their lactose content is relatively low. Nevertheless, the introduction of lactose-free dairy products in the market has given lactose-intolerant consumers the opportunity to consume dairy-based foods in the desired amount.
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Key insights from market research
- The market is segmented on the basis of product type, in which lactose-free milk is expected to account for a major share of the market share during the forecast period
- The North American lactose-free dairy market is expected to witness a lucrative growth rate of 5.8% during the forecast period.
- Organic lactose-free dairy products are expected to hold a market share of over 40% over the forecast period
- Lactose-free dairy products are also segmented on the basis of form, with liquid form expected to account for a major portion of the market share during the forecast period.
Leading companies profiled in the Lactose Free Dairy Products Market are:
- Green Valley Creamery
- McNeil Nutritionals
- Valio International
- Arla Amba Foods
- Cabot Creamery Corporation
- Saputo dairy products
- The Danone company
- Smith Dairy Products
- Hiland Dairy Products
“Lactose-free dairy products are facing fierce competition from other plant-based food products, which has slowed the growth potential of the market,” says an analyst from Future Market Insights.
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Leading lactose-free dairy manufacturers favor creating new products to provide customers with a wide range of options, while less-adopted tactics included expanding into new regions and improving knowledge about dairy-free products. lactose:
- In 2020, Valio, a Finnish dairy and food company, and Palmer Holland collaborated to distribute lactose-free milk powders. This was a critical step in introducing new value-added dairy components to the US market for both parties.
- Danone launched a line of lactose-free foods in Spainnamed Activia, with a few varieties to capitalize on the country’s lactose-free population
Lactose-Free Dairy Products Market by Category
By Product Type, the Lactose-Free Dairy Products Market is segmented as follows:
- Condensed milk
- Powdered milk
- Others products
By form, The Lactose Free Dairy Products Market is segmented as follows:
By nature, The Lactose Free Dairy Products Market is segmented as follows:
By sales channel, The Lactose Free Dairy Products Market is segmented as follows:
- Offline sales channel
- Departmental stores
- Grocery store
- Other sales channel
- Online sales channel
- Company Website
- E-commerce platform
By region, The Lactose Free Dairy Products Market is segmented as follows:
- North America
- Latin America
- East Asia
- South Asia
- the Middle East and Africa
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Explore more valuable insights
Future Market Insights, in its new report, offers an unbiased analysis of the global lactose-free dairy market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling information based on product type (milk, condensed milk, powdered milk, yogurt, ice cream, cheese and other products), form (liquid, semi-solid and powder), nature ( organic and conventional), the sales channel (offline sales channel (supermarkets/hypermarkets, department stores, convenience store and other sales channel) and online sales channel (company website and e-commerce platform)) , in seven major regions of the world.
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