Lactose Free Dairy Products Market - Forecast(2021 - 2026)
Lactose Free Dairy Products Market Overview
Lactose Free Dairy Products Market size is estimated to be $12.1 billion in 2020, growing at a CAGR of 8.1% during the forecast period 2021-2026. Lactose is a sugar that is present in milk and dairy products that is made from milk and milk derivatives. Lactose intolerance is a problem in which people are unable to fully digest milk leading to diarrhea, gas and bloating. Moreover, the percentage of people with impaired ability to digest lactose varies widely per country and per continent from 98-100% of adults in Southeast Asia to just 1% in the Netherland. Growing elderly population along with large number of people suffering from lactose-intolerance and the adoption of lactose-free dairy products is a vital factor contributing to its market growth. In addition, the consumption of dairy-free products including ice-cream, yoghurt and other in place of sugar products is also another vital factor contributing to its market growth. Moreover, lactose-free dairy is used to provide the essential nutrients present in regular dairy products such as calcium and vitamins. Hence, increasing awareness among consumers regarding the benefits associated with the consumption of lactose-free dairy products is a vital factor contributing to its market growth.
Report Coverage
The report: “Lactose Free Dairy Products Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Lactose Free Dairy Products Market.
By Product Type- Yoghurt, Ice-Cream, Confectionery Products and Others.
By Category- Organic and Conventional.
By Form- No-added Sugar, Reduced Sugar and Others.
By Distribution Channel- Hypermarket & Supermarket, Convenience Stores, Online Retail Stores and Others.
By Geography-North America, Europe, Asia Pacific and Rest of the World.
Key Takeaways
- Yoghurt segment held the largest market share in the year 2020 owing to the increasing health benefits associated with its consumption.
- No-added Sugar segment held the largest market share in the year 2020 owing to the increasing health conscious population coupled with large number of people suffering from diabetes and obesity.
- North America contributed to the largest market share of 44% in 2020 owing to the growing elderly population suffering from lactose intolerance in that region along with the increasing health conscious population.
- Large pool of people of people suffering from lactose intolerance is a significant factor driving the Lactose Free Dairy Products Market during the forecast period 2021-2026.
Lactose Free Dairy Products Market Segment Analysis - By Product Type
By Product Type, the Lactose Free Dairy Products Market is segmented into Yoghurt, Ice-Cream, Confectionery Products and Others. Yoghurt segment held the largest market share in the year 2020 owing to the increasing health benefits associated with its consumption. Yoghurt is a type of fermented milk which contains a lot of nutrients including carbohydrates, lipids, protein, minerals and vitamins. In addition, it has a similar micronutrient composition as milk, generally with good bioavailability and affordability. Yoghurt is an excellent source of high-quality protein, whey and casein protein leading to a reduction in appetite and aids muscle and bone growth. Therefore, a large number of people are opting for it which in turn is contributing to its segmental revenue. Also, ice-cream segment is projected to witness growth at fastest CAGR of 8.7% in forecast period 2021-2026 owing the increasing demand of ice-cream among younger population owing to its versatile taste and flavor.
Lactose Free Dairy Products Market Segment Analysis - By Form
By Form, the Lactose Free Dairy Products Market is segmented into No-added Sugar, Reduced Lactose and Others. No-added Sugar segment held the largest market share in the year 2020 owing to the increasing health conscious population coupled with large number of people suffering from diabetes and obesity. Therefore, in order to meet with the consumers demand, the key players are usually focused on producing products with low sugar content or no-added sugar which in turn is contributing to its segmental growth. For instance, in June 2017 Zydus Wellness launched sugar-free green which is made from stevia leaf, a zero-calorie 100 percent natural sweetener used in a wide range of application including beverages and desserts. Also, reduced lactose segment is projected to witness growth at fastest CAGR of 8.4% in forecast period 2021-2026 owing to the growing demand of baby formulas for lactose intolerant babies. Moreover, Similac offers Similac sensitive lactose sensitivity a milk-based formula designed for babies with lactose intolerance problem.
Lactose Free Dairy Products Market Segment Analysis - By Geography
North America contributed to the largest market share of 44% in 2020 owing to the growing elderly population suffering from lactose intolerance in that region along with the increasing health-conscious population. For instance, about 30 million Americans adults have some degree of lactose intolerance by age. Asia Pacific Lactose Free Dairy Products Market is another dominant market owing to the increasing demand of lactose-free dairy products including yoghurt and ice-cream in that region.
Lactose Free Dairy Products Market Drivers
Large Pool of People Suffering from Lactose Intolerance
Large pool of people suffering from lactose intolerance is a significant factor driving the Lactose Free Dairy Products Market during the forecast period 2021-2026. Moreover, according to National Digestive Disease Information Clearinghouse, some 30 million to 50 million Americans are suffering from lactose intolerant, including up to 75 percent of Africans Americans and American Indians and 90 percent of Asian Americans.
Increasing Demand of No-Added Sugar Products
Increasing demand of no-added-sugar products owing to large number of people suffering from diabetes and obesity is a major driving the Lactose Free Dairy Products Market during the forecast period 2021-2026. Therefore, in order to meet with the consumers, demand the manufacturers are adopting different types of strategies to expand their product portfolio. For instance, in May 2020, Good Good raised $3million in a series a funding to expand sugar free-products.
Lactose Free Dairy Products Market Challenges
High Cost of Lactose Free Dairy Products
High Cost of Lactose Free Dairy Products serves as a major setback for the growth of the Lactose Free Dairy Products Market during the forecast period 2021-2026. Owing to its high cost the consumers are unable to afford it which in turn is hampering its market during the forecast period 2021-2026.
Lactose Free Dairy Products Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Lactose Free Dairy Products Market. Lactose Free Dairy Products Market top 10 are Green Valley Creamery, McNeil Nutritional, Valio International, Alpro, Arla Foods amba, Cabot Creamery Cooperative, Saputo Dairy Products, The Danone Company Inc., Dean Foods and Smith Dairy Products.
Lactose Free Dairy Products Market Developments:
October 2017: Drupe Foods India launched lactose free vegan milk in India.
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1. Lactose Free Dairy Products Market - Overview
1.1 Definitions and Scope
2. Lactose Free Dairy Products Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by Category
2.4 Key trends by Form
2.5 Key trends by Distribution Channel
2.6 Key trends by Geography
3. Lactose Free Dairy Products Market –Comparative Analysis
3.1 Product Benchmarking - Key companies
3.2 Financials Analysis - Key Companies
3.3 Market Share Analysis- Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Lactose Free Dairy Products Market- Startup companies Scenario Premium Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Lactose Free Dairy Products Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Lactose Free Dairy Products Market - Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Lactose Free Dairy Products Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
8. Lactose Free Dairy Products Market – By Product Type (Market Size –$Million/$Billion)
8.1 Yoghurt
8.2 Ice-Cream
8.3 Confectionary Products
8.4 Others
9. Lactose Free Dairy Products Market – By Category (Market Size –$Million/$Billion)
9.1 Organic
9.2 Conventional
10. Lactose Free Dairy Products Market – By Form (Market Size –$Million/$Billion)
10.1 No-Added Sugar
10.2 Reduced Lactose
10.3 Others
11. Lactose Free Dairy Products Market – By Distribution Channel (Market Size –$Million/$Billion)
11.1 Hypermarkets & Supermarkets
11.2 Convenience Stores
11.3 Online Retail Stores
11.4 Others
12. Lactose Free Dairy Products Market - By Geography (Market Size -$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of APAC
12.4 Rest of the World
12.4.1 Middle East
12.4.2 Africa
12.4.3 South America
13. Lactose Free Dairy Products Market - Entropy
14. Lactose Free Dairy Products Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key companies
14.1.3 Market Share by Country- Key companies
14.1.4 Best Practices for Companies
15. Lactose Free Dairy Products Market – Key Company List by Country Premium Premium
16. Lactose Free Dairy Products Market Company Analysis
16.1 Company Revenue, Products, M&A, Developments
16.2 Green Valley Creamery
16.3 McNeil Nutritionals
16.4 Valio International
16.5 Alpro
16.6 Arla Foods amba
16.7 Cabot Creamery Cooperative
16.8 Saputo Dairy Products
16.9 The Danone Company Inc.,
16.10 Dean Foods
16.11 Smith Dairy Products
*Financials for private companies would be provided on a best efforts basis”.