Lactose-free Cheese Market to Surpass US$ 1.5 Bn by 2032 with Burgeoning Prevalence of Allergy and Dairy Sensitivity

According to FMI, the global lactose-free cheese market size is expected to reach a valuation of US$ 676.3 Mn by the end of 2022. The market is set to accelerate at a CAGR of 8.4% during 2022-2032. It is anticipated to be valued at US$ 1,515.1 Mn in 2032.
FMI further states that around 35% of the global population was lactose intolerant, and 28% had dairy sensitivity or allergy in 2020. These figures are expected to grow at a fast pace in the evaluation period. It is further projected to result in consumers opting for lactose-free, dairy-free, and plant-based food products, including plant-based protein. This has boosted the demand and consumption of lactose-free cheese around the globe.

Various cultures across the globe have different perspectives on the treatment of animals, including scientific, naturalistic, and moralistic. Ethical attitudes are connected to concerns about livestock welfare, but to some extent, animal well-being would feature in humanistic attitudes towards companion animals. These concerns, as mentioned above, are expected to help propel an inclination toward vegan products. Hence, varying cultures are driving growth in the vegan and lactose-free cheese market as a whole.

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Key Takeaways from Lactose-free Cheese Market Study
• North America lactose-free cheese market is expected to register 6.8% CAGR between 2022 and 2032.
• Japan lactose-free cheese market is estimated to grow at 8.6% CAGR between 2022 and 2032.
• India lactose-free cheese market is projected to exhibit growth at 9.7% CAGR between 2022 and 2032.
• Top 3 countries in the global lactose-free cheese market are projected to together account for nearly 33.8% of share by 2032.
• During the historical period of 2016 to 2021, the global lactose-free cheese market exhibited a steady growth at a CAGR of 7.0%.

"For lactose intolerant people, it is nowadays not necessary to completely avoid the indulgence and nutritional value of dairy products. It is further altering the environment for dairy producers across the globe, as they are trying to keep up with changing consumer views. They are further investing in the development of innovative products to cater to the surging demand, which would push the global lactose-free cheese market," says a lead analyst at FMI.
Key Lactose-free Cheese Manufactures Are Adopting Business to Consumer Models
The importance of business to consumer (B2C) models is increasing at a rapid pace in the food and beverage industry, which would further allow producers to get exclusive insights into consumer behavior. When implemented well, this model allows for higher margins to producers. Additionally, growth in B2C has been driven by the fact that buyers are demanding a better experience and customized service.

The B2C model would allow companies to build a direct relationship with the consumer that would not be otherwise possible through other distribution channels. The specialty stores and online retailing segment are helping manufacturers to identify various new upcoming trends and improvise the product according to the consumers' demand.

Competitive Landscape: Lactose-free Cheese Market

Some of the leading companies offering lactose-free cheese are Alpro UK Ltd., Amy's Kitchen, Inc., Arla Foods Amba, Barry Callebaut AG, Cargill, Inc., Chr. Hansen Holdings A/S, Daiya Foods, Inc., Dean Foods Company, Edlong Dairy Technologies, Emmi AG, Fonterra Co-operative Group Ltd., Galaxy Nutritional Foods, Inc., General Mills, Inc., Green Valley Organics, HP Hood LLC, Land O'Lakes, Inc., Murray Goulburn Co-operative Co. Limited (Devondale Murray Goulburn), Tine AS, WhiteWave Foods Company, and others.

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Get More Valuable Insights on Lactose-free Cheese Market

Future Market Insights, in its new offering, provides an unbiased analysis of the lactose-free cheese market presenting historical demand data (2016-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the lactose-free cheese market based on product type (blue cheese, brick cheese, camembert cheese, cheddar cheese, cottage cheese, cream cheese, mozzarella cheese, Romano cheese, Swiss cheese), form (cheese blocks, triangle, rectangle, circle, square, cheese slice, cheese spread, and cheese spray), and distribution channel (B2B and B2C [hypermarkets/supermarkets, convenience stores, specialty stores, traditional groceries, and online retailers]) across seven major regions.

Lactose-free Cheese Market Outlook by Category

By Product Type:

Blue Cheese
Brick Cheese
Camembert Cheese
Cheddar Cheese
Cottage Cheese
Cream Cheese
Mozzarella Cheese
Romano Cheese
Swiss Cheese

By Form:
Cheese Blocks
Triangle
Rectangle
Circle
Square
Cheese Slice
Cheese Spread
Cheese Spray

By Distribution Channel:
B2B
B2C
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Traditional Groceries
Online Retailers

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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.