Market Overview:
Lactose-free products are prepared mainly by removing the sugar, lactose found in milk from them. Lactose may be intolerant to some people and cause bloating, intestinal gas, diarrhea, and nausea as side effects of lactose intolerance. Lactose intolerant people highly depend on lactose-0free products for their protein and mineral requirements. Lactose-free dairy products are easy to digest and are highly preferred by health-conscious individuals. The global lactose-free dairy products market is projected to grow with promising growth opportunities and reach high revenue figures in the forthcoming years, as per a thoroughly analyzed study by market Research Future (MRFR).
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With the growing trend of healthier eating, consumer awareness has witnessed a surge for digestive health. The global lactose-free dairy product market derives much of its growth from the increasing incidences of lactose intolerance across the globe. The growing number of lactose intolerant people induce considerable demand for lactose-free dairy products. To cater to such category of consumers, various food manufacturing companies are launching lactose-free products which stimulate the growth of the market. In addition, to capitalize on the opportunities presented by the global lactose-free dairy products, various manufacturers are foraying into the free-from space. Besides, manufacturers are outlaying massive amounts on R&D to innovate and expand their product portfolios. Improvement in quality and product variation is creating a supportive dais for the growth of the global lactose-free dairy products market. On the downside, the price of lactose-free dairy products is slightly on the higher side which remains a hurdle to the growth of the global lactose-free dairy products market. Lack of awareness and availability in developing regions also restrict the growth of the market.
Competitive Landscape:
- The Danone Company Inc.
- DSM N.V.
- Nestlé S.A.
- Arla Foods
- McNeil Nutritionals, LLC
- Green Valley Creamery
- Alpro, Ltd.
- Valio International
- Saputo Inc.
- Cabot Creamery Cooperative, Inc.
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Industry Updates
- In May 2018, DirectSens GmbH, an Austrian company, launched an enzymatic biosensor that is capable of fast, accurate measurement of lactose in milk and other dairy products. The equipment is beneficial especially for people with severe lactose intolerance.
- In June 2018, Epigamia launched India's first all-natural, lactose-free artisanal Greek yogurt.
- In March 2018, Muller launched its first lactose-free range of yogurts, available in strawberry and red cherry flavors.
- In October 2018, Fairlife, a brand of ultrafiltered milk launched new lactose-free, RTD snack beverage. The Fairlife Smart Snacks range is available in rich chocolate, French vanilla, and creamy strawberry flavors.
Segmentation:
The Lactose-Free Dairy Product Market has been segmented based on type, category, packaging type, and distribution channel.
The Lactose-Free Dairy Product Market has been segmented based on type, category, packaging type, and distribution channel.
By type, the global lactose-free dairy products market has been segmented into milk, milk powder, yogurt, ice-cream, butter & cheese, whey, and others.
By category, the global lactose-free dairy products market has been segmented into organic and conventional.
By packaging type, the global lactose-free dairy products market has been segmented into bottles, cartons, tubs, and others.
By distribution channel, the global lactose-free dairy products market has been segmented into store-based and non-store based.
Regional Analysis
North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) are the key markets for lactose-free dairy products. North America holds the maximum share of the global lactose-free dairy products market. Growing lactose-intolerant population in the region, especially in the US drives the growth of the North America market. APAC is poised to be the fastest growing market for lactose-free dairy products. Rising incidences of lactose intolerance coupled with greater availability of lactose-free products spur the growth of the market. Elevated levels of awareness and rise in disposable income in the region also support the growth of the market
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