An Incisive, In-depth Analysis on the Lactose Free Dairy Products Market
This study offers a comprehensive, 360 degree analysis on the Lactose Free Dairy Products market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lactose Free Dairy Products market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Lactose Free Dairy Products Market to Surpass US$ 17.8 BN by 2027
The global lactose free dairy products market is projected to reach US$ 17,809.4 Mn by the end of 2027. The market is forecast to exhibit a CAGR of 5.3% between 2019 and 2027. Regionally, Eastern Europe gas become self-sufficient in terms of production. The rising demand for organic food and beverages among consumers is supporting the expansion of the lactose free dairy products market. According to the report, Europe is forecast to remain the dominant market for lactose free dairy products. In terms of product type, yoghurt segment is likely to continue leading the market through the forecast period.
Yoghurt Emerges as Most Preferred Lactose Free Dairy Product
By product type, the yoghurt segment is likely to reach a market valuation of more than US$ 4,000 Mn by the end of the forecast period. It is expected to expand at a CAGR of 4.7% between 2019 and 2027. The yoghurt segment is anticipated to dominate in terms of value in the global lactose free dairy products market over the forecast period. The rising demand for dairy alternatives among health conscious population will boost demand in the segment
Europe Emerges as Dominant Market for Lactose Free Dairy Products
In terms of production of lactose free dairy products, Eastern Europe is currently self-sufficient in dairy production. The Eastern Europe region alone produces over 60 Mn MT of lactose free dairy products every year. Several companies in this region are launching new lactose free dairy products. Also, producers in this region are working towards introducing low cost lactose free dairy products to fulfill the demands of the health conscious population of this region.
A major consumer shift towards organic food and beverages has been witnessed in the food and beverages market of Western Europe since the past few years. This shift has occurred mainly due to increasing awareness among consumers regarding the unethical and synthetic ingredients in non-organic food and beverages products. This is the precise reason that production of organic milk is stringently regulated in this region and even to sell milk one needs to obtain the necessary license from relevant authorities. Due to these rules, consumers have confidence that whatever they are consuming has been well inspected. This provides the necessary encouragement to manufacturers to venture into organic lactose free dairy products over other non-organic products.
Rising Demand for Alternative Milk will Boost Growth
The consumption of dairy products is the highest among the global population. However, alternative dairy products are not much popular among consumers and they still prefer dairy products over other alternatives such as plant based products, due to the different taste of plant based dairy products, which is not all that popular among consumers. Moreover, limitations in the usage of plant based dairy products over culinary food is another reason why the growth of lactose free dairy products in the global market is rapidly increasing across the globe.
Global lactose free dairy products market structure
An approximate share of 45%-50% is accounted for by multinational players who offer a wide range of lactose free dairy products in the global market. Western Europe is the top producer of lactose free milk and products. Companies such as Valio International, Shamrock Foods Company, Arla Foods, Dean Foods, The Danone Company Inc., Murray Goulburn Co-Operative, Nestle S.A. operate in the lactose free dairy products market. Primarily these players focus on private label offerings and collaboration with retailers in the domestic market.
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.
Which segment based on distribution channel will record the highest growth?
In terms of volume, e-retailers are likely to witness considerably high rate of growth in the coming years among distribution channels.
The global prevalence of lactose intolerance has increased alarming levels, and changing lifestyle and dietary patterns are giving rise to more digestion disorders among consumers. Lactose-free milk and other lactose-free dairy products are witnessing immense demand among consumers suffering from lactose intolerance such as yogurt, creamers, butter, processed milk, and desserts such as ice creams. Furthermore, consumer awareness about the difference between lactose-free and dairy-free products is growing, and this is triggering stakeholders in the lactose-free dairy products market to boost innovation in ingredients to maintain authenticity. In addition, the demand for lactose-free dairy products is expanding in the baby food industry, as manufacturers are focusing on catering to the special nutritional requirements in lactose-free dairy and infant formula products.
In our new research report we deliver value in terms of segmental analysis and forecasts on the global lactose free dairy products market at the regional level as well as from a global perspective. With the help of extensive research, our analysts have studied how different market dynamics are likely to impact the current and future scenario of the global lactose free dairy products market, thus providing useful insights to market players to plan their differentiating strategies, capable of evolving with the changing market landscape with a view to achieve competitive advantage in the long run. We have analysed the key trends, drivers, restraints and opportunities and their magnitudes across various regions in the globe while studying this sector. Impact analysis of key growth drivers and restraints based on the weighted average model is included in the report to better equip clients with crystal-clear acumen and decision-making actionable insights. This report provides historical data of 2012-2016 along with value and volume forecast projections for the period 2017-2027 in terms of revenue (US dollars). The report also includes detailed pricing analysis by type and the lactose free dairy products value chain analysis.
Our expert team of analysts have analysed the global market using various models that give extensive insights on the global lactose free dairy products market, which gradually helps in transforming the global businesses associated with the same. The report consists of an in-depth analysis of market drivers, restraints, opportunities and trends that are likely to impact the growth of the global lactose free dairy products market. Furthermore, to understand the popularity of the market segments and regions, the market attractiveness index with elaborated insights on the same is provided, which will help showcase the market’s attractiveness based on metrics such as CAGR and incremental opportunity.
- Top-down approach has been used to assess market numbers for each segment
- Bottom-up approach has been used to counter-validate the reached numbers for segment type market numbers
- Macro-economic indicators such as food industry outlook, food and beverage spending, lactose free dairy products consumption patterns, imports/exports and others have been considered to arrive at the indicated market numbers
- Values for market size of lactose free dairy products are in US$ Mn
The market is segmented as under:
By Product Type
By Distribution Channel
To ascertain the global lactose free dairy products market size, we have taken into account the revenue generated by various manufacturers. The forecast presented in this report assesses the total revenue generated across the global lactose free dairy products market. In order to provide an accurate forecast, we have initiated by sizing up the current market, which forms the basis of how the global lactose free dairy products market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis – based on the supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the global lactose free dairy products market and to identify the right opportunities across the market.