Lactose-free refers to products that do not contain lactose, a sugar found in milk. Lactose intolerance, a common condition, occurs when the body lacks sufficient lactase enzyme to break down lactose. Lactose-free alternatives include milk, cheese, and other dairy products designed for individuals with lactose intolerance. These products provide a solution for those who experience digestive discomfort after consuming lactose, and offer a way of eating dairy without the associated symptoms, fostering dietary inclusivity, and addressing the needs of those with lactose intolerance.
Data Bridge Market Research analyzes that the Global Lactose-Free Market which was USD 12.6 billion in 2022, is expected to reach USD 32.31 billion by 2030, at a CAGR of 12.45% during the forecast period of 2023-2030.
"Evolving lifestyle drive the market growth"
The surge in lactose-free products is propelled by evolving lifestyles, with more consumers embracing dietary modifications. An increasing awareness of lactose intolerance, coupled with a growing preference for plant-based and alternative diets, has driven demand. Changing consumer habits, including a focus on health and wellness, contribute to the expanding lactose-free market. As individuals seek healthier options and explore diverse dietary choices, the industry responds with innovative products, shaping a market landscape that aligns with the evolving needs and preferences of today's lifestyle-conscious consumers.
What restraints the growth of the global lactose-free market?
" Unpleasant taste of some lactose-free hamper the market growth"
The lactose-free market encounters a setback due to the unpalatable taste of certain products. Despite catering to lactose-intolerant individuals, some alternatives exhibit a distinct flavor or texture, diminishing their appeal to consumers accustomed to regular dairy. This taste discrepancy serves as a deterrent, hindering potential customers from transitioning to lactose-free options.
Segmentation: Global Lactose-Free Market
The global lactose-free market is segmented on the basis of type, category, packaging type, and distribution channel.
- On the basis of type, the global lactose-free market is segmented into milk, milk powder, yogurt, ice-cream, butter and cheese, whey, and, others
- On the basis of category, the global lactose-free market is segmented into organic and conventional
- On the basis of packaging type, the global lactose-free market is segmented into bottles, cartons, tubs, and, others
- On the basis of distribution channel, the global lactose-free market is segmented into specialty store, supermarket/hypermarket, convenience store, and, e-retailers
Regional Insights: North America is expected to dominate the Global Lactose-Free Market
North America is expected to dominate the global lactose-free market, driven by heightened research and development endeavors and an increasing demand for cream-based products and yogurt. This dominance during the forecast period reflects the region's focus on innovation and evolving consumer preferences, positioning North America at the forefront of the lactose-free market's growth.
Asia-Pacific is expected to dominate the global lactose-free market and anticipates substantial growth with the highest CAGR. This projection is fueled by the growing food and beverage industry, surging rates of lactose intolerance, a growing geriatric population, and increasing personal disposable income in the region, signaling a robust market expansion during the forecast period.
Recent Developments: Global Lactose-Free Market
- In April 2020, Valio and Palmer Holland (U.S.) formed a joint venture, presenting lactose-free powders in the U.S. market, reflecting a strategic collaboration to meet evolving consumer demands
- In January 2020, The Coca-Cola Company acquired the remaining stake in Fairlife LLC from its joint venture, Select Milk Producers. This move aligns with catering to changing buyer preferences for lactose-free products
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-lactose-free-market
The Prominent Key Players Operating in the Global Lactose-Free Market Include:
- Bayer AG (Germany)
- Abbott (U.S.)
- DSM (Netherlands)
- DuPont. (U.S.)
- Amway (U.S.)
- The Nature's Bounty Co. (U.S.)
- GlaxoSmithKline plc. (U.K.)
- Nestlé SA (Switzerland)
- Mead Johnson & Company, LLC. (U.S.)
- Medifast, Inc. (U.S.)
- Premier Nutrition Corporation (U.S.)
- TOOTSI IMPEX Inc. (Canada)
- Health Food Manufacturers' Association (U.K.)
- NOW Foods (U.S.)
- Glanbia PLC (Ireland)
- Herbalife International of America, Inc. (U.S.)
- Bionova (India)
Above are the key players covered in the report, to know about more and exhaustive list of global lactose-free market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Lactose-Free Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
