The global lactose free dairy products market Report, FMI analysts has assessed that the sales of lactose free dairy products are going to be valued US$ 13,874.30 million in 2024.
Recent purchasing habits of consumers indicate that they are prioritizing their health now more than ever before. Taking the cue, manufacturers are rolling out lactose free dairy products with additional nutritional content. Surging uptake of lactose free dairy products at a 5.6% CAGR, is expected to generate market revenue of US$ 23,983.50 million by 2034.
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 Nandini Roy Choudhury, Client Partner at Future Market Insights
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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
News Update Regarding Latest Product Launches by Industry Participants
- In October 2022, Swees Plant Based Foods Co., which is a Thai-based dairy-free cheese startup, announced that it will be commencing production in the first-ever vegan cheese factory. The company has plans to export its products outside of Thailand.
- In December 2023, Life Health Foods (India) Pvt. Ltd. launched So Good oat caramel flavoured beverage in India in the dairy-free and plant-based Segment. The latest brand delivers a versatile and healthy drink, developed domestically from oats. It has a distinct caramel flavor that is happily consumed by kids. It is also a rewarding choice for health-conscious consumers as it is a rich source of calcium.
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Lactose Free Dairy Products Market by Category
By Product Type:
- Milk
- Condensed Milk
- Milk Powder
- Yogurt
- Ice cream
- Cheese
- Other Products
By Form:
- Liquid
- Semi-solid
- Powder
By Nature:
- Organic
- Conventional
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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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 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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