Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 729.34 Million | USD 1,428.49 Million | 10.08% | 2022 |
According to the report published by Zion Market Research, the global Lactose Free Butter Market size was valued at USD 729.34 Million in 2022 and is predicted to reach USD 1,428.49 Million by the end of 2030. The market is expected to grow with a CAGR of 10.08% during the forecast period.
The report analyzes the global Lactose Free Butter Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Lactose Free Butter Industry.
Lactase is an enzyme produced inside the small intestine. This enzyme is necessary for completely breaking down whole milk. Lactase helps in digesting lactose, a disaccharide which contains glucose and galactose units. Lactose gives milk its sweetness. The consumption of lactose-free butter and other milk products can have a positive effect on a person’s health.
Lactose-free milk, cheese, butter, and other lactose-free products help in developing strong teeth and bones. Drinking lactose-free milk could potentially prevent the symptoms of lactose intolerance.
The enzyme lactase is already added to the milk in the manufacturing process of these products. This process helps in the breaking down of lactose, a natural sugar found in milk. Additionally, lactose-free milk products enable people with lactose intolerance to consume milk as well as other dairy products. Lactose intolerance is an inability to fully digest the sugar lactose. When a person suffering from lactose intolerance consumes normal dairy products that contain lactose, he could have symptoms such as diarrhea, bloating, gas, abdominal pain, or cramps.
This causes people with lactose intolerance to opt for lactose-free dairy products and still enjoy the several health benefits milk and milk products have to offer. Lactose-free milk products provide the same quantity of vitamin A, vitamin D, calcium, and protein that normal milk has to offer.
Consumer preferences are changing more than ever, with more people opting for organic and natural food products due to rising health awareness. Fortified lactose-free milk products are in demand due to the increased benefits of the added nutrients. This trend will make available various opportunities for innovation of products and development of the global lactose free butter market size.
Surging prevalence of disorders such as lactose intolerance and milk intolerance is a major growth driver for the global lactose free butter market. Lactose intolerance is caused due to the deficiency of lactase in the body. Treatments for lactose intolerance include avoidance of normal dairy products, intake of lactose-free products, and use of lactase supplements.
However, high costs of lactose-free products and absence of awareness regarding the advantages of lactose-free dairy products are some factors that are predicted to hamper the development of the global lactose free butter market dynamics.
Report Attributes | Report Details |
---|---|
Report Name | Lactose Free Butter Market |
Market Size in 2023 | USD 729.34 Million |
Market Forecast in 2030 | USD 1,428.49 Million |
Compound Annual Growth Rate | CAGR of 10.08% |
Number of Pages | 190 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | Cargill Inc., Hain Celestial Group Inc., Valio Ltd., The Kraft Heinz Company, Ingredion Incorporated, Kellogg Company, Green Valley Ctreamery, Corbion Inc., General Mills Inc |
Segments Covered | By Application, By Distribution Channel, By Product Type, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global lactose free butter market has been differentiated on the basis of region, application, distribution channel, and product type. On the basis of product type, the market can be categorized into spreadable and non-spreadable. Based on application, the market has been bifurcated into commercial and household. By distribution channel, the global lactose free butter market can be segregated into specialty stores, supermarkets & hypermarkets, e-commerce vendors, among others.
North America holds a prominent share of the global lactose free butter market share. This is attributable to the rising preference for organic, natural, & chemical-free food products that are also nutrient-dense, high standard of living, high disposable incomes, large-scale promotions of organic food products, surging prevalence of milk intolerance & lactose intolerance, improved demand for fortified food products, and availability of a wide variety of products.
The United States is a major country in this region accounting for a large share of the market due to its fully mechanized and matured food & beverage industry.
On the other hand, Asia Pacific is projected to witness market expansion on a large-scale in the forecast period attributable to the surge in the requirement for flavored milk products such as probiotics & yoghurts and fortified dairy products that provide more nutrition to the body. Additionally, this region is observing a substantial rise in the number of millennials who require more of such enhanced food products. These factors are expected to drive the progress of the lactose free butter market in this region.
The lactose free butter manufacturers are innovating newer and enhanced products, including fortified products that are in great demand due to the prevalence of nutrient deficiencies among people of all ages. The companies are also adopting strategies such as expansions, mergers, acquisitions, partnerships, and collaborations to maintain their position in the market.
Some of the main company names competing in the global lactose free butter market include:
By Application:
By Distribution Channel :
By Product Type:
By Region:
What Reports Provides
FrequentlyAsked Questions
Some key company names competing in the global lactose free butter market include Cargill, Inc., Valio Ltd., The Kraft Heinz Company, Ingredion Incorporated, Kellogg Company, Green Valley Ctreamery, Corbion Inc., and General Mills, Inc.
Consumer preferences are changing more than ever, with more people opting for organic and natural food products due to rising health awareness. Fortified lactose-free milk products are in demand due to the increased benefits of the added nutrients. This trend will make available various opportunities for innovation of products and development of the global lactose free butter market size.
Asia Pacific is projected to witness market expansion on a large-scale in the forecast period attributable to the surge in the requirement for flavored milk products such as probiotics and yoghurts, and fortified dairy products that provide more nutrition to the body. Additionally, this region is observing a substantial rise in the number of millennials who require more of such enhanced food products.
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