The global lactose-free products market is estimated to grow at a CAGR of 7.1 percent from 2022 to 2032, from a value of USD 9.2 billion in 2022 to US$ 15.8 billion in 2032. Lactose-free products have a reduced calorie profile due to the absence of lactose; this factor is driving demand for lactose-free products among health-conscious customers, which is predicted to drive the lactose-free products market share forward. Increased innovation in the lactose-free dairy market has resulted in a boom in health benefits offered by lactose-free dairy products, which represents significant growth opportunities for the lactose-free products market.
Lactose-free products with gluten-free and low/no/reduced sugar claims help to expand the lactose-free products market. Lactose-free milk containing probiotics, for example, is one of the most popular lactose-free product trends
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Key Takeaways from Market Study
- By type, milk segment is dominating the segment holding around 35.7% of the revenue and it is expected to grow with CAGR of 5.2% over the forecasted period.
- By form, no-added sugar segment is expected to dominate the lactose-free products market holding more than 35.6% revenue share and it is expected to grow with around 4.1% CAGR over the forecast period.
- By nature, conventional nature is dominating the lactose-free productsmarket with around 76.0% share in 2022 and a CAGR of5.7% over the forecasted period.
- Among sales channel, retail is dominating the lactose-free products market, however online retailers is expected to dominate the market in 2032.
- In the North American lactose-free products market, the United States holds more than 79.2 percent of the market, which is expected to grow at a CAGR of roughly 5.3 percent over the projected period.
- China currently dominates the East Asian Lactose-free Products market, with a market share of over 35.6 percent and a CAGR of over 6.4 percent predicted over the forecast period.
- According to FMI, Germany is expected to account for more than 19.2 percent of the European Lactose-free Products market in 2022, with a CAGR of roughly 5.3 percent over the forecast period
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Competitive Landscape
Key manufacturers of global lactose-free products market are majorly focusing on research and development in order to develop innovative and unique product offering.
In addition to this, key players in the lactose-free products market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.
Some of the key players profiled in the report are Nestle S.A, The Coco Cola Company, Danone Company S.A., Johnson and Johnson Services, Inc., and Dairy Farmers of America, Inc.
Nestlé Health Science agreed to buy a majority investment in Orgain, a leader in plant-based nutrition, from creator Dr. Andrew Abraham and Butterfly Equity in February 2022, with the latter remaining a minority shareholder. O
- In January 2020, the Coca-Cola Company purchased the remaining ownership in Fairlife LLC from its joint venture partner Select Milk Producers in order to meet rapidly changing customer expectations for lactose-free products.
- In April 2020, Valio and Palmer Holland (US) announced a collaborative venture to bring lactose-free powders to the US market.
Global Lactose Free Dairy Products Market: Forecast by Region
In a majority of the developed as well as developing countries, increased per capita spending on dairy products is expected to drive revenue growth of lactates and related ingredients. This growing demand for milk and milk products offers significant growth opportunities for dairy products manufacturers. This is boosting the consumption and sales of lactose free dairy products across various regional markets.
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FREQUENTLY ASKED QUESTIONS ABOUT LACTOSE FREE DAIRY PRODUCTS MARKET
What drives the lactose free dairy products market?
The global lactose free dairy products market is primarily driven by the rising prevalence of lactose intolerance around the world. In addition to this, the increasing demand for healthier alternatives to milk will enable the market grow considerably in the coming years.
What are the key witnessed in the lactose free dairy products market?
Speaking about key challenges witnessed, taste has remained a constant cause of concern among consumers. Lactose free dairy products can have an undesirable taste because of arylsulfatase present in them. This could hamper the market’s growth potential to an extent.
Which region will lead the global sales of lactose free dairy products?
Europe currently leads the global lactose free dairy products market.
Which segment based on product leads the lactose free dairy products market?
In terms of product type, yoghurt currently witnesses the highest demand. In the coming years, the milk segment as well is likely to witness a high demand.
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