Lactose-Free Dairy Products Market Outlook

The global lactose-free dairy products market is growing continually. Market growth attributes to the rising prevalence of lactose intolerance disorder worldwide. The lack of lactase triggers the inability to absorb lactose or lactose malabsorption, leading to symptoms of lactose intolerance, including diarrhea and bloating.  Besides, the rising popularity of plant-based dairy worldwide drives the market growth. Moreover, the growing consumption of lactose-free dairy products in the food and beverage industries accelerates the market.

Market Research Future (MRFR), The lactose-free dairy products market insights is expected to enlist a CAGR of 6.17% from 2020 to 2030 and arrive at USD 21.23 billion before the finish of 2030. Lactose is a disaccharide sugar that is normally available just in milk. It is found in dairy items produced using milk and milk derived. Lactose bigotry is an organic issue, which is fundamentally made by the powerlessness of digesting lactose.

Additionally, increasing health-conscious populaces and rising consumer inclination toward vegan diets create enormous market demand. Furthermore, advances in manufacturing technologies are anticipated to foster the growth of the market. Increased shelf life of alternative dairy products compared to traditional dairy products is a crucial factor in increasing consumer preferences. Besides, substantial R&D investments drive market growth exponentially. Availability of convenient packaging and the expansion of distribution channels such as eCommerce platforms drive market sales further. Increasing consumption of frozen desserts like lactose-free yogurts and ice creams fuels the growth of the market.

On the other hand, the availability of various counterfeited, low-cost products is a key factor projected to impede market growth. Nevertheless, increasing consumer inclination towards vegan diets would support the growth of the market throughout the review period, creating enormous market demand. Also, increasing consumption of lactose-free dairy in the burgeoning food industry, including bakeries and confectionaries, provides impetus to the growth of the market.

Global Lactose-Free Dairy Products Market   - Segments

The report is segmented into four dynamics.

By Product Type: Milk, Yogurt, Ice Cream, and others.

By Category: Organic and Conventional.

By Distribution Channel: Store Based, Supermarket & Hypermarket, Convenience Stores, Non-Store Based, and others.

By Regions:  Americas, Europe, Asia Pacific, and Rest of the World.

Geographical Analysis

North America dominates the global lactose-free dairy products market outlook. The largest market share attributes to the increasing lactose intolerance occurrences among demographics.  Besides, the presence of many industry players and the availability of innovative lactose-free dairy product lines in the region drive market growth. Moreover, increasing consumer inclination toward a vegan diet and the rising popularity of plant-based milk is propelling the growth of the regional market.

Europe stands second in the global lactose-free dairy products market. The region witnesses a rise in dairy alternative products consumers. Market growth is majorly driven by augmented demand for health drinks made with plant-based dairy products and increased exports of lesser calories drinks. Besides, advances in derivation technologies and the rising prevalence of lactose intolerance among demographics are estimated to increase the size of the regional market.

The lactose-free dairy products market in the Asia Pacific is growing rapidly. Lactose malabsorption leads to lactose intolerance symptoms such as diarrhea and bloating is widespread in Asia. Furthermore, increasing consumption of lactose-free dairy and plant-based dairy products and changing consumer preferences, drive the regional market growth.

Competitive Analysis

Highly competitive, the lactose-free dairy products market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players initiate strategies such as mergers & acquisitions, expansions, and innovations/ product launches. They make substantial R&D investments to drive product development activities and improve their existing portfolio. 

Investments assigned for expansion plans are used to acquire or form partnerships with promising companies from emerging markets. To expand their footprint, they are also looking to E-commerce, where they can not only sell their products but can also create awareness among consumers. 

Major Players 

Players leading the global Key Lactose-Free Dairy Products Market Players  include McNeil Nutritionals, LLC (US), Green Valley Creamery (US), Valio International (Finland), Arla Foods a.m.b.a (Denmark), Alpro (Belgium), Cabot Creamery Cooperative (US), The Danone Company Inc. (France), Saputo Dairy Products (Canda), Dean Foods (US), Granarolo Group (Italy), Smith Dairy Products Co.(US), Hiland Dairy (US), General Mills Inc. (US), Nestle SA (Switzerland), and Mondelez International (US), among others.

Industry/ Innovation/ Related News: 

June 17, 2020 ---- Koita Foods (UAE), announced its plans to enter Asian markets with its lactose-free and plant-based dairy products. The company targets Asia’s large lactose intolerant population with its range of lactose-free and plant-based dairy products. Koita Foods will enter South Korea and Singapore through e-commerce first, followed by retail.

In August 2020 would launch its lactose-free (dairy) products alongside its organic cow’s milk (dairy) and plant-based (non-dairy) products. The company is also planning to enter the US market soon. In addition to new market expansion, Koita Foods has recently launched new products, including an organic coconut beverage and lactose-free whole fat milk. An almond and oat blend beverage is also in the pipeline.

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To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which helps to answer all their most important questions.

To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.

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