Lactose-Free Dairy Products Market Set to Reach US$ 23,983.50 million by 2034, Driven by 5.6% CAGR Growth and Rising Demand Due to Lactose Intolerance

The global lactose free dairy products market is expected to reach market valuation of US$ 13,874.30 million by the year 2024, accelerating with a CAGR of 5.6% by 2024-2034.

Lactose intolerance, affecting approximately 75% of people globally, has spurred a significant shift in dietary preferences. With over 40 million Americans and about one-third of the worldwide population grappling with lactose intolerance, the demand for lactose-free dairy products has skyrocketed.

Investment Opportunities for Lactose Free Dairy Product Providers to Consolidate their Position

• Key players are targeting health-conscious consumers who expend their income on products with lower calories and saturated fats.
• Introduction of lactose-free dairy products in popular flavors to attract a younger population. Flavors like hazelnut enjoys mass appeal, especially among millennials and the Gen Z population. Industry players are thus launching hazelnut milk to capture this demographic base.
• Growing use of social media platforms by younger population is giving impetus to players to invest in marketing campaigns to create awareness regarding the nutritional benefits of consuming lactose-free products like cheese, yogurt, milk, etc.
• The market growth might be disrupted by the increased manufacturing cost of lactose-free dairy products as opposed to usual accumulated dairy products. This can be overcome if key players promote their products to an affluent clientele, which readily purchases high-quality products that are priced expensively.

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Market Segmentation:

• Product Type Dominance: Lactose-free milk emerges as a major market segment, anticipated to hold a significant share over the forecast period.
• Regional Thrust: The North American market for lactose-free dairy products is poised for a lucrative growth rate of 5.8% during the forecast period.
• Organic Preference: Organic lactose-free dairy products are expected to secure a market share of over 40%, reflecting consumer preferences for organic and health-conscious choices.
• Form Factor Impact: Liquid forms of lactose-free dairy products are projected to capture a sizable portion of the market share during the forecast period.

“Lactose free dairy product faces stiff competition from other plant-based food products, which has slowed down the growth potential of the market,”  says Nandini Roy Choudhury, Client Partner at Future Market Insights

Market Dynamics:

• Growing Consumer Base: The market addresses the needs of lactose-intolerant consumers, providing an avenue to incorporate dairy into their diets.
• Health-Conscious Choices: With lactose-free organic products gaining prominence, consumers lean towards healthier and sustainable dairy alternatives.
• Regional Foothold: North America stands out as a key region, experiencing robust growth in the lactose-free dairy products market

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Leading Companies Profiled in Lactose Free Dairy Products Market are:

• Green Valley Creamery
• McNeil Nutritionals
• Valio International
• Alpro
• Arla Foods Amba
• Cabot Creamery Corporation
• Saputo Dairy rProducts
• The Danone Company
• Smith Dairy Products
• Hiland Dairy Foods

Competitive Landscape

Leading lactose free dairy products makers are preferring to create new products to provide customers with a wide range of options, while the less adopting tactics included expanding into new regions and raising knowledge about lactose-free dairy products:

• In 2020, Valio, a Finnish dairy and food firm, and Palmer Holland collaborated to distribute lactose-free milk powders. This was a critical step in bringing new value-added dairy components to the US market for both parties
• Danone launched a lactose-free food line in Spain, named Activia, with a few varieties to capitalize on the country’s lactose-free population

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Lactose Free Dairy Products Market by Category

By Product Type:

• Milk
• Condensed Milk
• Milk Powder
• Yogurt
• Ice cream
• Cheese
• Other Products

By Form:

• Liquid
• Semi-solid
• Powder

By Nature:

• Organic
• Conventional

By Sales Channel:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

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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