According to FMI, the global lactose-free cheese market size is anticipated to reach a US$ 676.3 million valuation by the end of 2022. The market is anticipated to grow between 2022 and 2032 at a CAGR of 8.4%. In 2032, its estimated worth will be US$ 1,515.1 million.
According to FMI, 28% of individuals globally had a dairy sensitivity or allergy in 2020, and roughly 35% were lactose intolerant. We anticipate a rapid increase in these statistics over the course of the study. Furthermore, it is predicted that consumers will favour plant-based foods—such as plant-based protein—over dairy and lactose-containing goods. This has led to an increase in the demand for and consumption of lactose-free cheese worldwide.
Examine Our Sample Report on Animal Welfare and the Growth of Vegan Cheese to Gain a Global Perspective : https://www.futuremarketinsights.com/reports/sample/rep-gb-15623
The treatment of animals is viewed differently in various cultures around the world, including scientific, naturalistic, and moralistic viewpoints. Concerns regarding animal welfare are related to ethical attitudes, but to some extent, humanistic attitudes towards companion animals would also take animal welfare into consideration. As was already indicated, these worries are anticipated to encourage a preference for vegan goods. As a result, different cultures are fueling market expansion for vegan and lactose-free cheese as a whole.
Key Takeaways from Lactose-free Cheese Market Study
• North America lactose-free cheese industry is expected to register 6.8% CAGR between 2022 and 2032.
• Japan lactose-free cheese industry is estimated to grow at 8.6% CAGR between 2022 and 2032.
• India lactose-free cheese industry is projected to exhibit growth at 9.7% CAGR between 2022 and 2032.
• Top 3 countries in the global lactose-free cheese industry are projected to together account for nearly 33.8% of share by 2032.
• During the historical period of 2016 to 2021, the global lactose-free cheese industry exhibited a steady growth at a CAGR of 7.0%.
“For lactose intolerant people, it is nowadays not necessary to completely avoid the indulgence and nutritional value of dairy products. It is further altering the environment for dairy producers across the globe, as they are trying to keep up with changing consumer views. They are further investing in the development of innovative products to cater to the surging demand, which would push the global lactose-free cheese market,” says a lead analyst at FMI.
Key Lactose-free Cheese Manufactures Are Adopting Business to Consumer Models
The importance of business-to-consumer (B2C) models is increasing at a rapid pace in the food and beverage industry, which would further allow producers to get exclusive insights into consumer behavior. When implemented well, this model allows for higher margins to producers. Additionally, growth in B2C has been driven by the fact that buyers are demanding a better experience and customized service.
The B2C model would allow companies to build a direct relationship with the consumer that would not be otherwise possible through other distribution channels. The specialty stores and online retailing segment are helping manufacturers to identify various new upcoming trends and improvise the product according to the consumers’ demand.
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Competitive Landscape: Lactose-free Cheese Market
Some of the leading companies offering lactose-free cheese are Alpro UK Ltd., Amy’s Kitchen, Inc., Arla Foods Amba, Barry Callebaut AG, Cargill, Inc., Chr. Hansen Holdings A/S, Daiya Foods, Inc., Dean Foods Company, Edlong Dairy Technologies, Emmi AG, Fonterra Co-operative Group Ltd., Galaxy Nutritional Foods, Inc., General Mills, Inc., Green Valley Organics, HP Hood LLC, Land O’Lakes, Inc., Murray Goulburn Co-operative Co. Limited (Devondale Murray Goulburn), Tine AS, WhiteWave Foods Company, and others.
Get More Valuable Insights on Lactose-free Cheese Market
Future Market Insights, in its new offering, provides an unbiased analysis of the lactose-free cheese industry presenting historical demand data (2016-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the lactose-free cheese market based on product type (blue cheese, brick cheese, camembert cheese, cheddar cheese, cottage cheese, cream cheese, mozzarella cheese, Romano cheese, Swiss cheese), form (cheese blocks, triangle, rectangle, circle, square, cheese slice, cheese spread, and cheese spray), and distribution channel (B2B and B2C [hypermarkets/supermarkets, convenience stores, specialty stores, traditional groceries, and online retailers]) across seven major regions.
Lactose-free Cheese Market Outlook by Category
By Product Type:
- Blue Cheese
- Brick Cheese
- Camembert Cheese
- Cheddar Cheese
- Cottage Cheese
- Cream Cheese
- Mozzarella Cheese
- Romano Cheese
- Swiss Cheese
By Form:
- Cheese Blocks
- Triangle
- Rectangle
- Circle
- Square
- Cheese Slice
- Cheese Spread
- Cheese Spray
By Distribution Channel:
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Traditional Groceries
- Online Retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle east and Africa
The Insights into the Cheese Market: Consult Our Analysts for a Detailed Examination of Cheese Types, Distribution Routes, and Regional Patterns :
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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