The global lactose-free cheese market share is poised for significant growth, with projections indicating it will reach a valuation of USD 1,515.1 million by 2032, up from USD 676.3 million in 2022. This impressive expansion is driven by an 8.4% CAGR from 2022 to 2032.
Market Drivers and Trends: Lactose-free dairy products, including cheese, have gained popularity as they provide essential nutrients such as vitamins and calcium to those who are lactose intolerant. Consumers are increasingly drawn to lactose-free options due to their expanding health appeal. The quality and variety of lactose-free dairy products have significantly improved, offering a broader range of choices, which has fueled the rapid growth of this market segment.
Unlock Growth Potential in Your Industry: https://www.futuremarketinsights.com/reports/sample/rep-gb-15623
Consumer Insights: According to a survey by FMI, 40% of customers purchased plant-based products for health benefits, 30% were interested in trying them, and 25% did so due to lactose intolerance in their households. While plant-based alternatives hold a smaller market share, they have seen a surge in popularity, driven by increasing awareness of their environmental and health benefits. The Plant-Based Foods Association (PBFA) reported an 11.4% increase in U.S. plant-based food retail sales in 2019, highlighting the growing demand for these products.
Regional Insights:
- United States: The U.S. market for lactose-free cheese is set to grow, driven by the increasing focus on health and wellness. Companies are targeting consumers with allergies and lactose intolerance, offering improved flavors and quality in plant-based dairy alternatives.
- United Kingdom: The demand for clean-label products and plant-based alternatives is pushing the growth of lactose-free cheese. Consumers in the U.K. are increasingly incorporating cheese into various fast-food products and recipes, boosting market expansion.
- China: High lactose intolerance rates, especially in East Asia, are driving the demand for lactose-free dairy products. As dairy consumption rises, the market for lactose-free cheese is expected to grow, supported by the country’s aging population and increasing health awareness.
Online retailers are projected to dominate the global lactose-free cheese market by 2032. The expansion of e-commerce, increased internet penetration, and the growing use of smartphones make online shopping a convenient option for consumers. Online platforms offer a wide range of products and hassle-free home delivery services, contributing to market growth.
Drive Your Growth Strategy Purchase the Report for Key Insights: https://www.futuremarketinsights.com/checkout/15623
Competitive Landscape
As lactose-free products are gaining immense popularity these days across the globe, there is a growing trend among consumers to try out new products. Today’s consumers lo longer confine themselves to traditional three meals a day, but they are likely to try out unique products which are emerging in the lactose-free cheese market.
Snacking trend is tremendously popular in developed countries across North America, including the U.S., especially among the millennial population. Hence, vegan snaking menus are likely to lift up sales of vegan cheese over the forecast period, thereby pushing the lactose-free cheese market. Key players are also conducting research & development activities to come up with novel products.
For instance,
- In January 2022, Bel Group, a France-based dairy company, launched its first-ever vegan version of the best-selling signature Babybel wax mini cheeses across the U.K. with a green jacket. It is made with coconut oil and various Vegan Society-approved ingredients.
- In August 2021, Good Culture, a renowned food brand, introduced a new range of products, including squeezable sour cream pouches and its first lactose-free line. These products are made of pasture-raised milk, which is sourced directly from small family farms in the Midwest and feature active & live animals.
Key players in the lactose-free cheese market are focused on innovation and product development to meet consumer demands. For instance, in January 2022, Bel Group launched its first-ever vegan Babybel cheese in the U.K. In August 2021, Good Culture introduced new lactose-free products, including squeezable sour cream pouches.
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
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.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube