Rising Consumerism Boosts the Growth of Lactose Free Dairy Products Worldwide

As per the latest research by BIS Research analysts, the global lactose-free dairy products market is projected to grow from a market size of $6.90 billion in 2019 to $12.09 billion by 2025 with a CAGR of 9.80% over the period 2020-2025. The rising demand for healthier dairy alternatives, the growing lactose intolerant population, and the rising purchasing power of consumers, are some of the factors that have propelled the growth of lactose-free dairy products amongst consumers in recent years.

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According to the data in 2019, around 65-70% of the global population is expected to be lactose intolerant. In the U.S., milk consumption has plummeted by over 40% from 1975 to 2019, with consumption of 247 pounds per capita in 1975 to 149 pounds per capita in 2019. The increasing levels of lactose intolerance in the global population, urbanization, and disposable income have generated the need for the consumption of suitable dairy products, such as lactose-free dairy products. Awareness about the benefits of lactose-free dairy products, such as ease in digestion, has influenced many consumers toward a wider consumption of lactose-free dairy products.

According to Rakhi Tanwar, Principal Analyst at BIS Research, “The increasing awareness of lactose-free dairy products has led to the surging demand for various types of yogurts, flavored milk, and cheeses. Stakeholders across the lactose-free dairy products industry are expected to highly invest and innovate lactose-free dairy products for lucrative business prospects. Further, the evolving dietary patterns and increasing urbanization have led to considerable demand for healthy and fresh dairy products.”

Major companies offering lactose-free dairy products in the market include Arla Foods, Danone S.A., Dean Foods, Granarolo Group, Lactaid, Holland Dairy Foods, Nestlé S.A., Parmalat S.p.A., and Sodiaal Group, among others. The market is moderately consolidated with the presence of many medium to large-sized companies that compete with each other and large enterprises. Industry leaders in this market are actively opting for this strategy to improve their market position. For instance, in February 2020, Arla Foods set up a new dairy plant in Sweden to export lactose-free dairy products to the U.K. Various industry associations and companies, owing to an increase in the exposure to global competitors and dairy players, are expected to augment the global lactose-free dairy products market.

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The research report features an in-depth analysis of industry outlook, business dynamics, supply chain analysis, and market segmentation, derived from detailed interviews by leading industry experts and vendors. The report also profiles 15 leading companies in the market and features their product portfolio, business strategies, R&D, and competitive position in the market. Some of the prominent companies in the market are Arla Foods, Almarai Company, Danone S.A., Dean Foods, Holland Dairy Foods, Organic Valley, and Savencia Fromage & Dairy, among others.

Key Questions Answered in the Report:

• What are the key drivers and challenges in the global lactose free dairy products market?

• How does the supply chain function in the global lactose free dairy products market?

• Which product type segment is expected to witness the maximum demand growth in the global lactose free dairy products market during 2020-2025?

• Which are the key application areas for which different lactose free dairy products may experience high demand during the forecast period, 2020-2025?

• Who are the key suppliers of different lactose free dairy products?

• What are the business and corporate strategies of market players involved in the global lactose free dairy products market?

• What are the key offerings of the prominent companies in the market for lactose free dairy products?

• Which regions and countries are leading in terms of consumption of global lactose free dairy products market, and which of them are expected to witness high demand growth during 2020-2025?

• What are the expected key consumer attributes in various regions for the period 2020-2025?

• What are the developments in the market landscape for lactose free dairy products manufacturers?

Related Reports:

1. Global Plant-Based Food & Beverages Alternatives Market – Analysis and Forecast, 2019-2024: Focus on Product Type (Plant Based Meat and Plant Based Dairy), Source (Soy, Almond, Corn and Wheat), and Distribution Channel: https://bisresearch.com/industry-report/plant-based-food-beverages-alternatives-market.html

2. Global Fermented Food and Ingredients Market - Analysis and Forecast (2018-2023): Focus on Food Type (Fermented Dairy, Fermented Beverages, Fermented Vegetables), Ingredient Type (Amino Acid, Organic Acid, Industrial Enzyme), and Distribution Channel: https://bisresearch.com/industry-report/fermented-food-ingredients-market.html

3. Global Smart Food Market - Analysis & Forecast (2017-2022): Focus on Food Types (Functional, Encapsulated, Genetically Modified) & End Products (Dairy, Bakery, Meat, Confectionary, Dietary Supplements, Beverages): https://bisresearch.com/industry-report/global-smart-food-market-2022.html

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