Lactose Free Dairy Products Market Size, Share & Trends 2027

 

Lactose-Free Dairy Products Market

The Lactose-Free Dairy Products Market is expected to reach USD 23476 million by the end of 2027, growing at a CAGR of 6.4% over the forecast period (2020-2027).

The factors driving the growth of Lactose-Free Dairy Products Market includes growing demand for organic food and beverages, rise in the lactose intolerant population, and increase in the consumption of hazelnut milk around the world. According to the report published by Statista, the Global Milk Substitute Market was calculated around USD 5.02 billion in 2016 and is further projected to reach USD 11.72 billion by the end of 2026, which is expected to boost the market growth in the approaching years. Moreover, increasing consumers preference for dairy products over processed meat food, availability of lactose free dairy products at the e-commerce platforms, rise in the launches of innovative launches by the ice-cream companies and growing awareness about the benefits of lactose-free dairy products, are some of the additional factors supplementing the market growth. In addition, increasing investments by major corporations on improving the packaging techniques and rapid urbanization, are further contributing to the market growth.

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However, the growth of Lactose-Free Dairy Products Market is hindered due to easy accessibility to substitute products such as nuts and cereals.

The leading players operating in the Lactose-Free Dairy Products Market are Murray Goulburn Co-Operative, Nestle S.A., Kerry Group, Valio International, Shamrock Foods Company, Arla Foods, Fonterra Co-Operative Group Limited, Dean Foods, The Danone Company Inc., and Cargill, Incorporated, among others.

Product Type: Segment Analysis

Based on Product Type, the Yogurt segment is estimated to hold the highest market share during the forecast period because yogurt is a good source of protein, enhances muscle recovery, supports gut health and is easily digestible.

Distribution Channel: Segment Analysis

Based on Distribution Channel, the Supermarket/Hypermarket segment is predicted to expand at a significant CAGR over the forecast period

Nature: Segment Analysis

As per the Lactose-Free Dairy Products Market Research Report, the Organic segment is projected to grow at a remarkable CAGR during the forecast period because the organic products reduce the chances of lactose-intolerance allergies.

Regional: Segment Analysis

According to the Lactose Free Dairy Products Market Forecast, the North American region is predicted to capture the largest market share over the forecast period. Rise in the lactose intolerant population, growing awareness about the nutritional benefits of lactose free dairy products, growing population growth rates and high disposable incomes, are some of the important factors propelling the market growth in North America.

Market Segmentation

Global Lactose-Free Dairy Products Market by Nature                                   

  • Organic
  • Conventional

Global Lactose-Free Dairy Products Market by Product Type

  • Milk
  • Condensed Milk
  • Milk Powder
  • Yogurt
  • Ice Cream
  • Desserts
  • Butter/Cheese
  • Others

Global Lactose-Free Dairy Products Market by Form

  • Semi-solid
  • Liquid
  • Powder

Global Lactose-Free Dairy Products Market by Distribution Channel

  • Supermarket/Hypermarket
  • Online
  • Specialty Stores
  • Others

Global Lactose-Free Dairy Products Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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