Lactose Free Dairy Products Market - Forecast(2021 - 2026)

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Lactose Free Dairy Products Market Overview

Lactose Free Dairy Products Market size is estimated to reach $18.2 billion by 2026, growing at a CAGR of 6.8% during the forecast period 2021-2026. Lactose is a disaccharide sugar that is present naturally in milk and also found in dairy products made from milk derivates. Lactose-free dairy products are increasingly being consumed across the world owing to the growing demand for low-calorie dairy products and an increase in the prevalence of lactose intolerance among consumers. Moreover, the young population is increasingly consuming hazelnut milk products as they are naturally gluten and lactose-free. The rise in the adoption of lactose-free carob bars, increase in the awareness about the health benefits of lactose-free soya yoghurts, and the growing investment by the key players to develop lactose-free dairy products with innovative flavors are the factors that are set to drive the growth of the Lactose Free Dairy Products Market for the period 2021-2026.

Lactose Free Dairy Products Market Report Coverage

The report: “Lactose Free Dairy Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Lactose Free Dairy Products Market.
By Product Type: Milk, Ice-Cream, Yoghurt, Processed Milk Products, and Others.
By Form: Semi-solid, Liquid, and Powder.
By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, the North America Lactose Free Dairy Products Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for lactose-free carob bars.
  • The increase in the adoption of hazelnut milk among young consumers is driving the Milk segment. However, the undesirable taste of lactose-free dairy products is one of the major factors that is said to reduce the growth of the Lactose Free Dairy Products Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Lactose Free Dairy Products Market report. 
Lactose Free Dairy Products Market: Market Share (%) By Distribution Channel, 2020
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Lactose Free Dairy Products Market Segment Analysis-By Product Type

The Lactose Free Dairy Products Market based on the Product Type can be further segmented into Milk, Ice-Cream, Yoghurt, Processed Milk Products, and Others. The Milk segment held the largest share owing to the factors such as the increase in the adoption of hazelnut milk among young consumers and the growing demand for lactose-free milk products among lactose-intolerance consumers. The rise in the product launches of lactose-free milk products by the key players is driving the growth of the Lactose Free Dairy Products Market. The Yoghurt segment is estimated to be the fastest-growing segment with a CAGR of 7.3% over the period 2021-2026. This growth is owing to the factors such as the growing demand for lactose-free soya yoghurts and the increasing awareness about the health benefits of lactose-free yoghurt products.

Lactose Free Dairy Products Market Segment Analysis-By Distribution Channel

The Lactose Free Dairy Products Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the affordability, choice of brand, and trustworthiness in the supermarkets and increase in the demand for lactose-free carob bars in supermarkets. The rise in investment by the key players in countries, such as India and China is driving the growth of the Lactose Free Dairy Products Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 7.5% over the period 2021-2026. This growth is owing to the factors such as the increasing inclination towards a sedentary lifestyle, advancements in technology, and the rise in the demand for hazelnut milk products in online channels.

Lactose Free Dairy Products Market Segment Analysis-By Geography

North America held the largest share with 27% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the demand for lactose-free carob bars and an increase in the adoption of low-calorie products among consumers. The rise in the adoption of hazelnut milk products is driving the growth of the Lactose Free Dairy Products Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the growing investment by the key players to develop innovative lactose-free dairy products to offer multiple health benefits and the rise in the adoption of lactose-free soya yoghurts.

Lactose Free Dairy Products Market Drivers

Rise in the Adoption of Alternative Milk Products

Customers across the world are increasingly shifting towards alternative milk products owing to the growing prevalence of lactose intolerance and the rise in the demand for low-calorie products. Young consumers are increasingly consuming hazelnut milk products as they are naturally gluten and lactose-free, which is one of the major factors driving the growth of the Lactose Free Dairy Products Market.

Increase in the Demand for Soya Yoghurts

Soya yoghurts deliver healthful, unsaturated fats, and have the ability to lower cholesterol and blood sugar levels, especially in the diabetic population. Unsweetened soya yoghurts have little calcium without any sugar. Moreover, the key players across the world are focusing on developing high-quality soya yoghurts with innovative flavors, which is further propelling the growth of the Lactose Free Dairy Products Market.

Lactose Free Dairy Products Market Challenges

Undesirable Taste of Lactose-free Dairy Products

The taste of lactose-free dairy products has remained a constant concern for consumers across the world. The lactose-free dairy products contain arylsulfatase that converts natural ingredients of milk into para cresol and gives the products an undesirable taste, which is one of the major factors that is estimated to reduce the growth of the Lactose Free Dairy Products Market.

Lactose Free Dairy Products Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Lactose Free Dairy Products Market. Key companies of this market are Green Valley Creamery, Valio International, The Danone Company Inc, Saputo Dairy Products, Cabot Creamery Cooperative, Hiland Dairy Foods Company, Dean Foods, McNeil Nutritional, Alpro, and Arla Foods among others.

Partnerships/Product Launches:

  • In October 2019, Green Valley Creamery has launched lactose-free Greek yoghurt products that are made without stabilizers, fillers, and preservatives. These yoghurts contain up to 16g of protein per serving and are probiotic.
  • In October 2019, Saputo Dairy Products has entered into a partnership with Asda for launching a range of lactose-free cheese snacks to expand its portfolio of lactose-free dairy products to meet the demand for lactose-free products.
  • In March 2019, Hiland Dairy Foods Company has launched lactose-free milk products with flavors, such as Orange Crème, Chocolate Marshmallow, and Strawberry Crème, to expand its lactose-free options.

Relevant Links:

Report Code: FBR 0040

Report Code: FBR 0368

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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”.