Press release
Lactose Free Dairy Market is Anticipated to See a CAGR of 7.2% From 2024 to 2031 | Nestlé SA, Danone S.A., Lactalis.
Lactose Free Dairy Market
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What is the projected growth of the Global Lactose Free Dairy market?
Global Lactose-Free Dairy Market reached US$ 11.9 billion in 2022 and is expected to reach US$ 20.7 billion by 2030, growing with a CAGR of 7.2% during the forecast period 2024-2031.
What is Lactose Free Dairy Market?
The Lactose-free Dairy Market focuses on dairy alternatives designed for lactose-intolerant consumers, offering milk, cheese, yogurt, and ice cream without lactose. Driven by rising health awareness, growing dairy sensitivity cases, and demand for digestive-friendly products, the market is expanding. Advances in enzyme technology and plant-based formulations further enhance product variety and consumer appeal.
Who are the major players in the Lactose Free Dairy market?
The prominent players in Lactose Free Dairy market research report are:
Nestlé SA, Danone S.A., Lactalis, The Kraft Heinz Company, Valio Ltd., Green Valley Creamery, Arla Foods, Dean Foods, Daiya Foods and Califia Farms.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In August 2023, Bharat Skyr & Doodh Products, a well-known name in premium dairy, launched Skyrrup Lactose-Free Greek Yogurt for yogurt enthusiasts. Made from A2 Cow Milk and packed with 7.5 grams of protein per serving, Skyrrup's Greek Yogurt offers both essential nutrition and a rich, satisfying taste experience.
In June 2022, Provilac, one of India's fastest-growing premium milk delivery startups, introduced lactose-free cow milk. The angel-funded company, which boasts an annual turnover of ₹50 crore, aims to significantly expand its milk supply. With this launch, Provilac is targeting a 10-20% share of the ₹350-400 billion lactose-free milk market within the next two to three years.
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Market Segments
By Product: Milk, Cheese, Yogurt, Others.
By Form: Powder, Liquid.
By Functionality: Probiotic Enriched, Fortified with Vitamins and Minerals, Others.
By Distribution channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, E-Commerce, Others.
The Lactose Free Dairy industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Lactose Free Dairy Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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