Global Lactose-Free Dairy Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast: 2018–2027

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our researchers have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview

Global lactose-free dairy products market is expected to witness significant growth, owing to rising lactose intolerant population across the world. In addition, existing market players are adopting various strategies in order to increase their market share in the global market such as launching new products, investments in product research and developments, clinical trials, agreements, mergers and acquisitions. Lactose-free dairy products are processed by removing or minimizing lactose mainly found in dairy products.

Dynamics

Global lactose-free dairy products market is expected to grow rapidly, owing to increasing demand from lactose intolerant population over the forecast period. In addition, rising food allergy cases, increasing awareness regarding health benefits of lactose-free products is expected to drive growth of the global market. Increasing consumption of organic food & beverages is further fueling growth of the market over the forecast period.

Moreover, increasing disposable income, and increasing middle class income are some additional factors driving the global lactose-free dairy products market over the forecast period. Lactose-free dairy products are gaining considerable traction owing to variety and quality of products available.

Segment Analysis

The global lactose-free dairy products market has been segmented on the basis of type, category, packaging type, distribution channel, and region. On the basis of type, the market is segmented into milk, milk powder, yogurt, ice-cream, butter & cheese, whey, and others.

On the basis of category, the global lactose-free dairy products market is segmented into organic and conventional. Based on packaging type, the market is segmented into bottles, cartons, tubs, and others. On the basis of distribution channel, the market is segmented into supermarket/hypermarket, convenience store, specialty store, and E-retailers.

Regional Analysis

North America is expected to witness significant growth rate, owing to increasing incidents of lactose-intolerance, among both children and adults in the region. Market in Asia-Pacific is estimated to be profitable market for lactose-free dairy products, owing to rising occurrences of lactose intolerance in the region. In addition, factors such as easy digestibility, nutritional benefits are increasing adoption of lactose-free products in the region. Markets in Europe, Latin America, and Middle East and Africa are expected to register moderate growth in the global lactose-free dairy products market.

Global Lactose-free dairy products market segmentation:

Segmentation by type:

• Milk
• Milk Powder
• Yogurt
• Ice-Cream
• Butter & Cheese
• Whey
• Others

Segmentation by category:

• Organic
• Conventional

Segmentation by packaging type:

• Bottles
• Cartons
• Tubs
• Others

Segmentation by distribution channel:

• Supermarket/hypermarket
• Convenience Store
• Specialty Store
• E-retailers

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa