Market Overview
The lactose-free dairy products market is expected to grow at a CAGR of 6.17% during the forecast period and reach a value of USD 21.59 Billion by 2030. Lactose is a disaccharide sugar found almost exclusively in milk. It can be found in dairy products made with milk or milk derivatives. Lactose prejudice is a natural problem caused by the inability to digest lactose. The runs, stomach, squeeze, and bulging are all symptoms of lactose narrow-mindedness.
The growing population of lactose-intolerant people is propelling the lactose dairy products market report forward. Dairy products without lactose have a lower calorie profile due to the absence of sugar; this is boosting interest in lactose-free dairy products among health-conscious consumers, which is predicted to grow the lactose-free dairy products market demand. In addition, the growing use of non-lactose dairy products, such as yogurts and frozen yogurts, as a replacement for other sweets is expected to accelerate the growth of non-lactose dairy products globally. In any scenario, the growing vegetarian population will stymie the growth of the non-lactose dairy products industry.
The COVID-19 pandemic has harmed a few enterprises around the world, particularly the Lactose-Free Dairy Products sector. While reviewing post-pandemic client preferences, business demands have shifted to liquidation methods and stock management, with usage halting and inventory piling up in stockrooms. Marketless usefulness made it one of the most truly hit associations by the pandemic, due to the combined effect of outlet terminations and balanced coming about because of the swiftly dissolving monetary circumstance.
Market Segmentation
Based on the item types, the global market has been segmented into milk, yogurt, frozen yogurt, and others.
Based on the appropriation, the global market has been segmented into store-based (store and hypermarket, odds and ends shops, and others) and non-store-based.
Based on the classification, the global market has been segmented into natural and regular.
Based on the market region, the global market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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Regional Classification
During the forecasted time frame, the Asia Pacific region is expected to be the fastest-growing commercial sector. With the rapid expansion of economies in countries, rapid urbanization, and an increase in demand for expensive and delicious food and refreshment items, the westernization of buyer counts calories is a significant factor driving the development of lactose-free items in the area. Because of the growing lactose-intolerant population, the market in Asia-Pacific is expected to grow at the fastest rate in the world. Because of the growing interest in lactose-free dairy products such as yogurts and frozen yogurts from countries in South America such as Argentina and Brazil, the global Lactose-Free Dairy Products market is expected to grow steadily in the rest of the world.
Market Trend:
The Lactose-Free Dairy Products market is experiencing robust growth driven by increasing consumer demand for dairy alternatives and a growing awareness of lactose intolerance.
The Lactose-Free Dairy Products market trend has witnessed a significant upward trend in recent years, driven by the increasing prevalence of lactose intolerance and the growing consumer demand for healthier and more easily digestible dairy options. This trend is underpinned by a shift towards more conscious and mindful eating habits, with consumers seeking dairy alternatives that provide the same taste and nutritional benefits without the discomfort associated with lactose consumption. As a result, the market has seen a surge in lactose-free milk, yogurt, cheese, and ice cream products, with manufacturers investing in innovative dairy processing techniques and formulations to cater to this expanding consumer base. The Lactose-Free Dairy Products market is expected to continue its upward trajectory as consumer awareness and preferences for lactose-free options continue to evolve.
Industry News
The major key players in the market are Nestlé S.A. (Switzerland), The Danone Company Inc. (France), Saputo Inc. (U.S.), Cabot Creamery Cooperative, Inc. (U.S.), DSM N.V. (Netherlands), Arla Foods (Denmark), Alpro, Ltd. (U.K), Valio International (Lithuania), McNeil Nutritionals, LLC (U.S.), and Green Valley Creamery (U.S.).
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