Lactose Free Dairy Products Market (Form (Powder, Liquid, and Semi-Solid), Product Type(Processed Milk Products, Infant Formula, Butter/Cheese, Desserts, Ice Cream, Yogurt, Milk Powder, Condensed Milk, and Milk), Nature(Conventional and Organic), and Distribution Channel(Convenience Stores, Hypermarket/Supermarket, E-Retailers, and Specialty Stores)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for Lactose Free Dairy Products market was valued at approximately USD 11.5 Billion in 2019 and is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026.

23-Sep-2020 | Number of pages: 110 | Report Code: ZMR-3525 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for Lactose Free Dairy Products market was valued at approximately USD 11.5 Billion in 2019 and is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026.

Global Lactose Free Dairy Products Market: Overview

Lactose-free dairy products are mainly made for lactose-intolerant people. A lactose-free dairy product contains very less lactose content and offers a nutritional advantage to the customers without causing any unpleasant reactions. The popularity and demand of lactose-free dairy products market globally are projected to experience impressive growth in the upcoming years due to the growing population intolerant to lactose across the globe.

Global Lactose Free Dairy Products Market: Growth Factors

The major growth driver in the lactose-free dairy products market globally is the increase in the consumption of organic food and beverages. Other factors fuelling the expansion of the market for lactose-free dairy products globally include rising incidences of lactose-intolerance cases and increasing per capita expenditure on dairy products both in developed and developing countries. Furthermore, growing several cases related to food allergies from different products containing lactose is an important factor influencing this market’s growth. Easy digestibility and enhanced bioavailability of the lactose-free dairy products are also contributing to the growth of this market.

Tough competition from dairy substitutes, such as nuts and cereals, might hamper the growth of the lactose-free dairy products market on a global scale.

Global Lactose Free Dairy Products Market: Segmentation

The market for lactose-free dairy products can be divided based on form, product type, nature, and distribution channel. Based on form, the lactose-free dairy market can be categorized into powder, liquid, and semi-solid. Based on product type, the market for the lactose-free dairy market is classified into processed milk products, infant formula, butter/cheese, desserts, ice cream, yogurt, milk powder, condensed milk, and milk. Based on nature, the lactose-free dairy market can be bifurcated into conventional and organic. Based on the distribution channel, lactose-free dairy products market can be fragmented into convenience stores, hypermarket/supermarket, e-retailers, and specialty stores. E-retailers might emerge as the most popular segment in the upcoming years due to the growing acceptance of online shopping and penetration of the internet.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Lactose Free Dairy Products Market: Regional Analysis

Based on the region, the lactose-free dairy products market can be fragmented into Europe, North America, the Middle East, and Africa, Asia Pacific, and Latin America. The North American region is likely to hold a major share in the market for lactose-free dairy products in the upcoming years. This is due to the growing demand for cream-based products and yogurt and the increasing demand for organic food items. The Asia Pacific region is projected to show good growth in the lactose-free dairy products market during the forecast period. This is due to an increase in the per capita expenditure related to dairy products.

Global Lactose Free Dairy Products Market: Competitive Players

Some of the key players in the global market for lactose free dairy products include Nestle, Murray Goulburn Co-Operative, The Danone Company Inc., Dean Foods, Arla Foods, Shamrock Foods Company, Valio International, McNeil Nutritionals, Galaxy Nutritional Foods, Green Valley Organics, Alpro, Parmalat SpA, Kerry Group, Doves Farm Foods, Edlong Dairy Technologies, Amul, Crowley Foods, OMIRA GmbH, Daiya Foods, Cargill, and Fonterra Co-Operative Group Limited, among others.

 Lactose Free Dairy Products Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

An increase in the consumption of organic food and beverages, rising incidences of lactose-intolerance cases, and increasing per capita expenditure on dairy products both in developed and developing countries are estimated to drive lactose free dairy products market.

According to Zion Market Research, global demand for Lactose Free Dairy Products market is expected to generate revenue of around USD 20 Billion by end of 2026, growing at a CAGR of around 8% between 2020 and 2026.

The North American region is likely to hold a major share in the market for lactose-free dairy products in the upcoming years. This is due to the growing demand for cream-based products and yogurt and the increasing demand for organic food items.

Some main participants of the lactose-free dairy products market Nestle, Murray Goulburn Co-Operative, The Danone Company Inc., Dean Foods, Arla Foods, Shamrock Foods Company, Valio International, McNeil Nutritionals, Galaxy Nutritional Foods, Green Valley Organics, Alpro, Parmalat SpA, Kerry Group, Doves Farm Foods, Edlong Dairy Technologies, Amul, Crowley Foods, OMIRA GmbH, Daiya Foods, Cargill, and Fonterra Co-Operative Group Limited, among others.

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