Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 140.51 Million | USD 254 Million | 6.8% | 2023 |
According to Zion Market Research, the global Lactose Free Dairy Products Market was worth USD 140.51 Million in 2023. The market is forecast to reach USD 254 Million by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Lactose Free Dairy Products industry over the next decade.
Lactose-free dairy products are mainly made for lactose-intolerant people. A lactose-free dairy product contains very less lactose content and offers a nutritional advantage to the customers without causing any unpleasant reactions. The popularity and demand of lactose-free dairy products market globally are projected to experience impressive growth in the upcoming years due to the growing population intolerant to lactose across the globe.
The major growth driver in the lactose-free dairy products market globally is the increase in the consumption of organic food and beverages. Other factors fuelling the expansion of the market for lactose-free dairy products globally include rising incidences of lactose-intolerance cases and increasing per capita expenditure on dairy products both in developed and developing countries. Furthermore, growing several cases related to food allergies from different products containing lactose is an important factor influencing this market’s growth. Easy digestibility and enhanced bioavailability of the lactose-free dairy products are also contributing to the growth of this market.
Tough competition from dairy substitutes, such as nuts and cereals, might hamper the growth of the lactose-free dairy products market on a global scale.
The market for lactose-free dairy products can be divided based on form, product type, nature, and distribution channel.
Based on form, the lactose-free dairy market can be categorized into powder, liquid, and semi-solid.
Based on product type, the market for the lactose-free dairy market is classified into processed milk products, infant formula, butter/cheese, desserts, ice cream, yogurt, milk powder, condensed milk, and milk.
Based on nature, the lactose-free dairy market can be bifurcated into conventional and organic.
Based on the distribution channel, lactose-free dairy products market can be fragmented into convenience stores, hypermarket/supermarket, e-retailers, and specialty stores. E-retailers might emerge as the most popular segment in the upcoming years due to the growing acceptance of online shopping and penetration of the internet.
Report Attributes | Report Details |
---|---|
Report Name | Lactose Free Dairy Products Market |
Market Size in 2023 | USD 140.51 Million |
Market Forecast in 2032 | USD 254 Million |
Growth Rate | CAGR of 6.8% |
Number of Pages | 110 |
Key Companies Covered | Nestle, Murray Goulburn Co-Operative, The Danone Company Inc., Dean Foods, Arla Foods, Shamrock Foods Company, Valio International, McNeil Nutritionals, Galaxy Nutritional Foods, Green Valley Organics, Alpro, Parmalat SpA, Kerry Group, Doves Farm Foods, Edlong Dairy Technologies, Amul, Crowley Foods, OMIRA GmbH, Daiya Foods, Cargill, and Fonterra Co-Operative Group Limited, among others |
Segments Covered | By Form, By Product Type, By Nature, By Distribution Channel And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on the region, the lactose-free dairy products market can be fragmented into Europe, North America, the Middle East, and Africa, Asia Pacific, and Latin America. The North American region is likely to hold a major share in the market for lactose-free dairy products in the upcoming years. This is due to the growing demand for cream-based products and yogurt and the increasing demand for organic food items. The Asia Pacific region is projected to show good growth in the lactose-free dairy products market during the forecast period. This is due to an increase in the per capita expenditure related to dairy products.
Some of the key players in the global market for lactose free dairy products include -
By Form
By Product Type
By Nature
By Distribution Channel
Lactose Free Dairy Products Market: Regional Segment Analysis
FrequentlyAsked Questions
An increase in the consumption of organic food and beverages, rising incidences of lactose-intolerance cases, and increasing per capita expenditure on dairy products both in developed and developing countries are estimated to drive lactose free dairy products market.
Lactose Free Dairy Products Market was worth USD 140.51 Million in 2023. The market is forecast to reach USD 254 Million by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period 2024-2032.
The North American region is likely to hold a major share in the market for lactose-free dairy products in the upcoming years. This is due to the growing demand for cream-based products and yogurt and the increasing demand for organic food items.
Some main participants of the lactose-free dairy products market Nestle, Murray Goulburn Co-Operative, The Danone Company Inc., Dean Foods, Arla Foods, Shamrock Foods Company, Valio International, McNeil Nutritionals, Galaxy Nutritional Foods, Green Valley Organics, Alpro, Parmalat SpA, Kerry Group, Doves Farm Foods, Edlong Dairy Technologies, Amul, Crowley Foods, OMIRA GmbH, Daiya Foods, Cargill, and Fonterra Co-Operative Group Limited, among others.
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