Lactose-free Dairy Products Market (Type - Milk, Cheese, Yoghurt, and Others; Form - Solid, Liquid, and Powder; Distribution Channel - Hypermarket/Supermarket, Online Stores, Convenience Stores, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the lactose-free dairy products market provides an in-depth analysis of segments and sub-segments in the global as well as regional lactose-free dairy products market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional lactose-free dairy products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global lactose-free dairy products market. According to the report, the global lactose-free dairy products market is projected to grow at a CAGR of 8% over the forecast period of 2022-2028. 

Market Insight

The global lactose-free dairy products market was valued at about USD 13 Billion in 2022 and is expected to reach over USD 21 Billion in 2028, with a CAGR of nearly 8% during the forecast period. The growing trend of choosing healthier milk options is the main factor driving the high growth of the global market for lactose-free dairy products. The market is expanding significantly as a result of the new trend of free-from meals. Milk contains the sugar lactose and lactose-free milk is produced by eliminating this sugar. Obesity, diabetes, and cardiovascular diseases are regarded to be lifestyle-related health issues made worse by excessive sugar intake. In the upcoming years, the market is anticipated to expand due to the numerous health advantages of lactose-free dairy intake. 

The second most significant factor driving the growth of the worldwide lactose-free milk market is the rising prevalence of lactose intolerance in people. The inability to digest lactose results in lactose intolerance, a digestive condition. Manufacturers and processors have been forced as a result to spend money on research and improvements for lactose-free milk processing. In the following years, the market expansion is anticipated to be fueled by innovations and new product launches, such as reduced-fat, fat-free, and organic lactose-free milk varieties. With changing consumer lifestyles that call for healthier foods, the free-from-food movement is quickly gaining relevance throughout the world. Before, a medical ailment called lactose intolerance was the main justification for purchasing lactose-free milk. However, the high cost of the process of converting milk into lactose-free dairy products hampering the growth of the market. The global market for lactose-free dairy products is expanding primarily due to growing knowledge of the health advantages of sugar-free milk. 

In 2020, North America held a significant market share. This market is expanding as a result of factors like rising consumer demand for lactose-free milk chocolate bars and a rise in the consumption of low-calorie goods. The market for lactose-free dairy products is expanding as a result of the growing popularity of hazelnut milk products. Over the forecast years, it is predicted that the Asia–Pacific section will increase at the fastest rate. The development of novel lactose-free dairy products that offer numerous health benefits and the rising popularity of lactose-free soy yogurts are two reasons that have contributed to the expansion of this market. 

Segment Covered

The report on the global lactose-free dairy products market covers segments such as type, form, and distribution channel. On the basis of type, the sub-markets include milk, cheese, yoghurt, and others. On the basis of form, the sub-markets include solid, liquid, and powder. On the basis of distribution channel, the sub-markets include hypermarket/supermarket, online stores, convenience stores, and others. 

Companies Profiled:

The report provides profiles of the companies in the market such as Nestle S.A., Royal FrieslandCampina N.V., Organic Valley, Lactalis International, Arla Foods Group, Valio Ltd, Lifeway Foods Inc., Saputo Inc., and SmithFoods. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the lactose-free dairy products market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.