The global lactose-free products market is anticipated to grow at a CAGR of 7.1% from 2022 to 2032, from a value of USD 9.2 billion in 2022 to US$ 15.8 billion in 2032. Lactose-free products have a reduced calorie profile due to the absence of lactose; this factor is driving demand for lactose-free products among health-conscious customers, which is predicted to drive the lactose-free products market share forward. Increased innovation in the lactose-free dairy market has resulted in a boom in health benefits offered by lactose-free dairy products, which represents significant growth opportunities for the lactose-free products market.
Lactose-free products with gluten-free and low/no/reduced sugar claims help to expand the lactose-free products market. Lactose-free milk containing probiotics, for example, is one of the most popular lactose-free product trends
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Key Takeaways from Market Study
- By type, milk segment is dominating the segment holding around 35.7% of the revenue and it is expected to grow with CAGR of 5.2% over the forecasted period.
- By form, no-added sugar segment is expected to dominate the lactose-free products market holding more than 35.6% revenue share and it is expected to grow with around 4.1% CAGR over the forecast period.
- In the North American lactose-free products market, the United States holds more than 79.2 percent of the market, which is expected to grow at a CAGR of roughly 5.3 percent over the projected period.
- According to FMI, Germany is expected to account for more than 19.2 percent of the European Lactose-free Products market in 2022, with a CAGR of roughly 5.3 percent over the forecast period.
- China currently dominates the East Asian Lactose-free Products market, with a market share of over 35.6 percent and a CAGR of over 6.4 percent predicted over the forecast period.
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Competitive Landscape
Key manufacturers of global lactose-free products market are majorly focusing on research and development in order to develop innovative and unique product offering. In addition to this, key players in the lactose-free products market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.
Some of the key players profiled in the report are Nestle S.A, The Coco Cola Company, Danone Company S.A., Johnson and Johnson Services, Inc., and Dairy Farmers of America, Inc.
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Global Lactose-Free Products Market Segmentation
By Type:
- Milk
- Flavored Milk
- Regular
- Condensed
- Cheese
- Hard
- Cheddar
- Cottage
- Others
- Ice-cream
- Fats
- Confectionary Products
- Desserts
- Yogurt
- Drinkable
- Spoonable
By Form:
- Lactose-free
- No Added Sugar
- Reduced Lactose
By Nature:
- Organic
- Conventional
By Sales Channel:
- Food Service
- HoReCa
- Quick Service Restaurants (Sandwicheries, fast casual, Coffee Shopes)
- Retail
- Specialty Stores
- Hypermarket/Supermarket
- Convenience Stores
- Departmental Stores
- Grocery Retailers
- Online Retailers
Global Lactose Free Products Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About FMI:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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