Lactose-Free Dairy Products Market Segments, Opportunity, Growth and Forecast by End-use Industry 2033


Posted February 19, 2024 by emmajohnson123

Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market

 
The global lactose free dairy products market is expected to reach market valuation of USD 13.5 Bn by the year 2022, accelerating with a CAGR of 5.5% by 2022-2032.

Lactose intolerance, affecting approximately 75% of people globally, has spurred a significant shift in dietary preferences. With over 40 million Americans and about one-third of the worldwide population grappling with lactose intolerance, the demand for lactose-free dairy products has skyrocketed.

Key Insights:

Global Impact: Lactose intolerance, a prevalent condition affecting millions, drives consumers to avoid dairy products due to digestion difficulties. With a substantial global market opportunity, lactose-free dairy products cater to the needs of lactose-intolerant individuals.
Regional Dynamics: Common in East Asia, with over 90% of adults affected in some populations, lactose intolerance creates a robust growth platform for lactose-free dairy products worldwide.
Market Growth: Lactose-free dairy products present a growth opportunity, allowing lactose-intolerant consumers to enjoy dairy-based food items in desired quantities.
“Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market,” says a Future Market Insights analyst.

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Market Segmentation:

Product Type Dominance: Lactose-free milk emerges as a major market segment, anticipated to hold a significant share over the forecast period.
Regional Thrust: The North American market for lactose-free dairy products is poised for a lucrative growth rate of 5.8% during the forecast period.
Organic Preference: Organic lactose-free dairy products are expected to secure a market share of over 40%, reflecting consumer preferences for organic and health-conscious choices.
Form Factor Impact: Liquid forms of lactose-free dairy products are projected to capture a sizable portion of the market share during the forecast period.
Market Dynamics:

Growing Consumer Base: The market addresses the needs of lactose-intolerant consumers, providing an avenue to incorporate dairy into their diets.
Health-Conscious Choices: With lactose-free organic products gaining prominence, consumers lean towards healthier and sustainable dairy alternatives.
Regional Foothold: North America stands out as a key region, experiencing robust growth in the lactose-free dairy products market
Leading Companies Profiled in Lactose Free Dairy Products Market are:

Green Valley Creamery
McNeil Nutritionals
Valio International
Alpro
Arla Foods Amba
Cabot Creamery Corporation
Saputo Dairy rProducts
The Danone Company
Smith Dairy Products
Hiland Dairy Foods
Competitive Landscape

Leading lactose free dairy products makers are preferring to create new products to provide customers with a wide range of options, while the less adopting tactics included expanding into new regions and raising knowledge about lactose-free dairy products:

In 2020, Valio, a Finnish dairy and food firm, and Palmer Holland collaborated to distribute lactose-free milk powders. This was a critical step in bringing new value-added dairy components to the US market for both parties
Danone launched a lactose-free food line in Spain, named Activia, with a few varieties to capitalize on the country’s lactose-free population
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Issued By Future Market Insights Inc.
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Country United States
Categories Business , Food , Industry
Tags lactosefree dairy products market , lactosefree dairy products market growth , lactosefree dairy products market share
Last Updated February 19, 2024