The global lactose-free butter market is estimated to reach US$ 311 million in 2023 and is projected to reach US$ 603 million by 2033. According to Future Market Insights (FMI), the lactose-free butter market is poised to expand at 7% CAGR, over the forecast period.
Growth is related to rising global difficulties such as allergies and lactose intolerances. Health-conscious consumers are adjusting their tastes to consume more lactose-free products as an alternative to dairy foods.
Consuming lactose-free butter helps to maintain lactase enzyme levels in the body. Lactose intolerance refers to the human body’s inability to digest lactose.
Gas, bloating, and abdominal pain are few of its common symptoms when it is consumed in any form. In this case, consumers switch to lactose free butter and other products that aids in eradicating unpleasant and painful symptoms of lactose intolerance.
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Besides this, rising number of diseases such as obesity, diabetes, and other health issues coupled with surging demand for sugar free, lactose free, and gluten-free products are few of the drivers predicted to boost the market in the coming years. Backed by these aforementioned factors, the demand for lactose free butter is expected to rise at an impressive rise over the forthcoming decade.
Key Takeaways from Market Study
- Europe is expected to dominate the global lactose free butter market, accounting about 32% by 2022
- Germany is expected to account for the maximum market share of nearly 25% in Europe lactose free butter market
- By product type, spreadable lactose free butter is expected to account for lion’s share of the global market by the end of 2032
- By nature, organic lactose free butter is expected to dominate the global lactose free butter market over the assessment period
- Online channel is expected to show an impressive growth in terms of distribution channels over the assessment period (2022-2032)
“Demand for lactose-free butter is increasing globally amid growing consumption of lactose free products across the globe. Also, the growing trend of veganism across the globe is another factor driving the growth in the market”, says a Future Market Insights analyst.
Competitive Landscape
Various market players are adopting different marketing and promotional strategies such as partnerships, collaboration, merger and acquisitions, new product launches and geographical expansion.
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Future Market Insights, in its new report, offers an impartial analysis of the global lactose free butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Global Lactose-Free Butter Market By Category
By Product Type:
- Spreadable
- Non-Spreadable
By Nature:
- Organic
- Conventional
By Source:
- Cream
- Milk
- Skimmed
- Whole
By End Use:
- HoReCa/Foodservice
- Household/Retail
- Food Industry
- Bakery and Confectionery
- Meat products
- Infant Formula
- Desserts
By Distribution Channel:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers
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The report covers an exhaustive analysis on:
- At what value is the lactose free butter market expected to reach?
- How much is the global lactose free butter market expected to grow?
- What strategies are adopted by the market players in the lactose free butter market?
- What percent of share does the top 10 companies in the lactose free butter hold?
- Which are the major countries driving demand for lactose free butter?
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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