Lactose-Free Product Trends and Forecast
The future of the global lactose-free product market looks promising with opportunities in the milk, plain, flavored, yogurt, set, and drinking/ ambient markets. The global lactose-free product market is expected to reach an estimated $14.7 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing demand for reduced added sugar or no added sugar products, rise in lactose intolerant population, awareness and self-diagnosis, and rising concerns about dairy sensitivities and animal welfare.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Lactose-Free Product by Segment
The study includes a forecast for the global lactose-free product by category, form, type, and region.
Lactose-Free Product Market by Category [Shipment Analysis by Value from 2018 to 2030]:
• Organic
• Inorganic
Lactose-Free Product Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Lactose-Free
• No Added Sugar Products/ Reduced Sugar Claims
• Reduced Lactose Products
Lactose-Free Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Milk
• Plain
• Flavored
• Yogurt
• Set
• Drinking/ Ambient
• Regular
• Others
Lactose-Free Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Lactose-Free Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lactose-free product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the lactose-free product companies profiled in this report include-
• Gujarat Cooperative Milk Marketing Federation (India)
• Danone Company
• Nestlé
• Coca-Cola
• Johnson & Johnson
• General Mills
• Lifeway Foods
• Organic Valley
• Dairy Farmers of America
• Dean Foods
Lactose-Free Product Market Insights
Lucintel forecasts that no added sugar or reduced sugar is expected to witness the highest growth over the forecast period due to rise in awareness about health concerns.
Within this market, milk will remain the largest segment.
APAC will remain the largest region over the forecast period due to fast urbanization, strong expansion of the economy in countries, increase in demand for exclusive and healthy food and beverage items in the region.
Features of the Global Lactose-Free Product Market
Market Size Estimates: Lactose-free product market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Lactose-free product market size by category, form, type, and region in terms of value ($B).
Regional Analysis: Lactose-free product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different category, form, type, and regions for the lactose-free product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the lactose-free product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the lactose-free product market size?
Answer: The global lactose-free product market is expected to reach an estimated $14.7 billion by 2030.
Q2. What is the growth forecast for lactose-free product market?
Answer: The global lactose-free product market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the lactose-free product market?
Answer: The major drivers for this market are increasing demand for reduced added sugar or no added sugar products, rise in lactose intolerant population, awareness and self-diagnosis, and rising concerns about dairy sensitivities and animal welfare.
Q4. What are the major segments for lactose-free product market?
Answer: The future of the global lactose-free product market looks promising with opportunities in the milk, plain, flavored, yogurt, set, and drinking/ ambient markets.
Q5. Who are the key lactose-free product market companies?
Answer: Some of the key lactose-free product companies are as follows:
• Gujarat Cooperative Milk Marketing Federation (India)
• Danone Company
• Nestlé
• Coca-Cola
• Johnson & Johnson
• General Mills
• Lifeway Foods
• Organic Valley
• Dairy Farmers of America
• Dean Foods
Q6. Which lactose-free product market segment will be the largest in future?
Answer: Lucintel forecasts that no added sugar or reduced sugar is expected to witness the highest growth over the forecast period due to rise in awareness about health concerns.
Q7. In lactose-free product market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to fast urbanization, strong expansion of the economy in countries, increase in demand for exclusive and healthy food and beverage items in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the lactose-free product market by category (organic and inorganic), form (lactose-free, no added sugar products/ reduced sugar claims, and reduced lactose products), type (milk, plain, flavored, yogurt, set, drinking/ ambient, regular, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Lactose-Free Product Market, Lactose-Free Product Market Size, Lactose-Free Product Market Growth, Lactose-Free Product Market Analysis, Lactose-Free Product Market Report, Lactose-Free Product Market Share, Lactose-Free Product Market Trends, Lactose-Free Product Market Forecast, Lactose-Free Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.