August 30th, 2021
Global Lactose-Free Dairy Products Market
The GMI Research speculates that the Lactose-Free Dairy Products Market will capture a notable growth over the forecast period. This is because they provide adequate nutritional content, growing health awareness, and raise the acquisition of lactose-free dairy products.
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Introduction of the Lactose-Free Dairy Products Market
Lactose-free dairy products refer to the products with less amount of lactose and are majorly consumed by individuals with lactose intolerance problems. These products offer all the vital nutrients such as calcium, vitamin A, vitamin D, and protein present in normal dairy products. The extensive range of products accessible in the market is condensed milk, butter/cheese, milk, milk powder, ice cream, yogurt, desserts, and other milk products.
Key Players of Market:
· Shamrock Foods Company
· Cargill, Incorporated
· Valio International
· Arla Foods
· The Danone Company Inc.
· Dean Foods
· Murray Goulburn Co-Operative
· Kerry Group
· Nestle S.A.
· Fonterra Co-Operative Group Limited
Lactose-Free Dairy Products Market Dynamics
Expansion in the global lactose-free dairy products market is mainly attributed to the remarkable switch in the consumer's preference towards natural food and drinks, mounting population, and the increasing emphasis on health and wellness. Further, the aggravating consciousness about unscrupulous and spurious ingredients used in several food and beverages has persuaded them to choose these products. This is thereby complementing the market growth. Additionally, the accelerating per capita income has raised the demand for superior food products, further strengthening the global lactose-free dairy market.
Besides this, the accelerating population rate and the drift towards the adoption of modern lifestyles have indirectly fuelled market growth. Moreover, the sudden crisis of coronavirus has positively influenced the market growth. The robust demand for lactose-free dairy items and the shift from meat to dairy-based products is bolstering the market growth. However, the easy accessibility of alternatives of lactose-free dairy products like cereals and nuts is hampering the lactose-free dairy market opportunities.
Product Type Segment Drivers
Based on the product type, yogurt is contemplated to seize the most significant share over the forecast period. The convenient accessibility of an extensive range of flavored yogurt, as well as creamy and low-fat features, is paving the way for market growth. Yogurt is accounted as a remarkable source of protein and consists of easily digestible live bacteria. In addition to this, global lactose-free dairy market research report states that the transpiring tendency of adding flavored yogurt in different dishes for appetizing taste, aroma, and flavor will boost the market demand.
Distribution Channel Segment Drivers
Based on the distribution channel, Hypermarket/Supermarket is expected to grow at a faster CAGR over the forecast period. This is because of the increasing urbanization and the busy lifestyle of the consumers. In addition, as per the lactose-free dairy market opportunities the stores offer a broad range of product portfolios with excessive nutritional values is persuading the market share.
Lactose-Free Dairy Products Market Segmentation:
Segmentation by Nature
Segmentation by Product Type
· Condensed Milk
· Milk Powder
· Ice Cream
Segmentation by Form
Segmentation by Distribution Channel
· Specialty Stores
Segmentation by Region:
o United Kingdom
o Rest of Europe
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o South Africa
o Saudi Arabia
About GMI Research
Our organisation is a consulting and market research enterprise helping business with market research reports and perception. The research team of GMI fetches all the suitable information about different industries by applying internal and external databases. Our focus is to notify the clients with the proximate hindrances and chances across different industries to help them attain a managerial decision. We at GMI try to provide a complete solution to our clients so that they can excel.
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