The global lactose-free butter market is projected to grow from USD 311 million in 2023 to USD 603 million by 2033, expanding at a CAGR of 7% over the forecast period, according to Future Market Insights (FMI). Lactose-free butter is made using cream that contains little to no lactose, catering to consumers with lactose intolerance.
Additionally, the rising trend of veganism and increased consumer spending on specialty dairy alternatives are contributing to market expansion. Manufacturers are responding by offering low-fat lactose-free butter and experimenting with new flavors to meet evolving consumer preferences.
While lactose-free butter is predominantly used in retail, food service operators in Latin America and Western Europe are increasingly adopting it, particularly in the bakery sector. As demand for vegan and lactose-free food products continues to rise, the market is poised for sustained growth.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬: https://www.futuremarketinsights.com/report-sample#5245502d47422d3130373434
Key Takeaways:
- The global lactose-free butter market is experiencing significant growth due to the increasing prevalence of lactose intolerance and the rising demand for dairy-free alternatives.
- The market is expected to reach a valuation of USD 603 Million by 2033, growing at a CAGR of 7% from 2023 to 2033.
- Europe and North America lead the market, driven by high consumer awareness and strong demand for plant-based and specialty dairy products.
- Key industry players include Land O’Lakes, Inc. (USA), Arla Foods (Denmark), Valio Ltd. (Finland), and Fonterra Co-operative Group Limited (New Zealand), among others.
- Technological advancements in enzymatic processing and product innovation are boosting market expansion.
Competitive Landscape for this Market:
Leading lactose-free butter market participants such as Kraft Heinz, Hain Celestial Group, Cargill, Corbion., Kerry Group, Ingredion, Dupont, Kellogg, and others. To build a sizable client base, leading lactose-free butter providers are concentrating on the regional expansion of their manufacturing facilities.
In order to appeal to environment-conscious consumers, several market players are now choosing practical and ecological packaging alternatives with extensive labeling. To increase their profitability, key market participants are likewise concentrating on e-commerce presence and are improving their social media marketing strategies.
𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐍𝐨𝐰! https://www.futuremarketinsights.com/reports/lactose-free-butter-market
Recent Developments:
A new lactose-free butter was brought on the market in June 2022 by Cavin, which is a brand of the well-known FMCG firm, CavinKare, with headquarters in Chennai, India. This new product line of lactose-free butter is now offered in two varieties including frying butter as well as table butter.
An organic carbon zero-certified lactose-free butter was introduced by the New Zealand Dairy Cooperative and Anchor Fonterra in April 2022. It was independently certified by ToitEnvirocare to minimize and offset carbon emissions in light of the growing concerns to reduce carbon footprint.
Market Categorization:
By Product Type:
- Spreadable Butter
- Non-spreadable Butter
By Nature:
- Organic Butter
- Conventional Butter
By Source:
- Cream
- Milk
- Skimmed
- Whole
Dairy and Dairy Products Industry Analysis: https://www.futuremarketinsights.com/industry-analysis/dairy-and-dairy-products
By End-use Verticals:
- Hotel, Restaurant, & Café (HoReCa) or Foodservice Sector
- Household or Retail Sector
- Food Industry
- Bakery and Confectionery Industry
- Meat Products Industry
- Infant Formula Industry
- Dessert Making
By Distribution Channel:
- Direct Sales Channels
- Indirect Sales Channels
- Hypermarkets or Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers
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.
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