The global lactose-free dairy market size was US$ 11.4 billion in 2021. The global lactose-free dairy market size is estimated to reach US$ 22.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 8% during the forecast period from 2022 to 2030.
Lactose-free dairy is a marketable product created from lactose-free milk. It is a type of sugar discovered in milk that few individuals find hard to digest. They are created by mixing lactase with traditional cow milk. Lactase is an enzyme that is spontaneously made in the small intestine of a person and is reliable for the disintegration of lactose in the body.
Factors Influencing Market Growth
? The rising understanding of lactose intolerance among customers around regions and the increasing need for reduced-added-sugar or no added sugar products are predicted to drive the overall market expansion.
? The high price of lactose-free products and rigid competition from plant-based options may restrain the overall market growth.
? The rise in inventions in lactose-free dairy products has led to an increase in health advantages provided by lactose-free dairy products, which drives the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 had a severe impact on the overall market expansion. The pandemic impacted employees and farmers owing to strict lockdown rules formed by the government. In addition, this effect has raised volatility and uncertainty for dairy companies as production was getting disrupted due to a lack of resources. Changes in costs owing to the lower availability of milk in the market influenced the overall cost of the finished product. There was a reduction in the quality of raw materials as the farmers were trying to improve the volume of the products to fulfill the need of the dairy firms. The advancement in transport prices resulted in regular uncertainties in product distribution around the world.
Europe had the highest growth of the overall market in 2021 and is anticipated to stay prevalent during the analysis period. This is due to the deep product understanding among the customers and the rise in consumption owing to its health advantages in the region.
The prominent players in the global lactose-free dairy market are:
? The Kroger Company
? Organic Valley
? Lifeway Foods
? Johnson & Johnson Services
? Gujrat Cooperative Milk Marketing Federation
? General Mills
? Arla Foods AMBA
? Danone S.A
? Nestle S.A.
The global market segmentation focuses on Type, Form, Distribution Channel, and Region.
Segmentation on the basis of Type
Segmentation on the basis of Form
Segmentation on the basis of Distribution Channel
? Convenience Stores
? Online Channels
Segmentation on the basis of Region
? North America
? The U.S.
? Western Europe
? The UK
? Rest of Western Europe
? Eastern Europe
? Rest of Eastern Europe
? Asia Pacific
? Australia & New Zealand
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Rest of South America