Lactose Free Dairy Products Market - Forecast(2023 - 2028)

Lactose Free Dairy Products Market size is estimated to reach $18.2 billion by 2026, growing at a CAGR of 6.8% during the forecast period 2021-2026. Lactose is a disaccharide sugar that is present naturally in milk and also found in dairy products made from milk derivates. Lactose-free dairy products are increasingly being consumed across the world owing to the growing demand for low-calorie dairy products and an increase in the prevalence of lactose intolerance among consumers. Moreover, the young population is increasingly consuming hazelnut milk products as they are naturally gluten and lactose-free. The rise in the adoption of lactose-free carob bars, increase in the awareness about the health benefits of lactose-free soya yoghurts, and the growing investment by the key players to develop lactose-free dairy products with innovative flavors are the factors that are set to drive the growth of the Lactose Free Dairy Products Market for the period 2021-2026.

The report: “Lactose Free Dairy Products Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Lactose Free Dairy Products Market.

By Product Type: Milk, Ice-Cream, Yoghurt, Processed Milk Products, and Others.

By Form: Semi-solid, Liquid, and Powder.

By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

The Lactose Free Dairy Products Market based on the Product Type can be further segmented into Milk, Ice-Cream, Yoghurt, Processed Milk Products, and Others. The Milk segment held the largest share owing to the factors such as the increase in the adoption of hazelnut milk among young consumers and the growing demand for lactose-free milk products among lactose-intolerance consumers. The rise in the product launches of lactose-free milk products by the key players is driving the growth of the Lactose Free Dairy Products Market. The Yoghurt segment is estimated to be the fastest-growing segment with a CAGR of 7.3% over the period 2021-2026. This growth is owing to the factors such as the growing demand for lactose-free soya yoghurts and the increasing awareness about the health benefits of lactose-free yoghurt products.

The Lactose Free Dairy Products Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the affordability, choice of brand, and trustworthiness in the supermarkets and increase in the demand for lactose-free carob bars in supermarkets. The rise in investment by the key players in countries, such as India and China is driving the growth of the Lactose Free Dairy Products Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 7.5% over the period 2021-2026. This growth is owing to the factors such as the increasing inclination towards a sedentary lifestyle, advancements in technology, and the rise in the demand for hazelnut milk products in online channels.

North America held the largest share with 27% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the demand for lactose-free carob bars and an increase in the adoption of low-calorie products among consumers. The rise in the adoption of hazelnut milk products is driving the growth of the Lactose Free Dairy Products Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the growing investment by the key players to develop innovative lactose-free dairy products to offer multiple health benefits and the rise in the adoption of lactose-free soya yoghurts.

Customers across the world are increasingly shifting towards alternative milk products owing to the growing prevalence of lactose intolerance and the rise in the demand for low-calorie products. Young consumers are increasingly consuming hazelnut milk products as they are naturally gluten and lactose-free, which is one of the major factors driving the growth of the Lactose Free Dairy Products Market.

Soya yoghurts deliver healthful, unsaturated fats, and have the ability to lower cholesterol and blood sugar levels, especially in the diabetic population. Unsweetened soya yoghurts have little calcium without any sugar. Moreover, the key players across the world are focusing on developing high-quality soya yoghurts with innovative flavors, which is further propelling the growth of the Lactose Free Dairy Products Market.

The taste of lactose-free dairy products has remained a constant concern for consumers across the world. The lactose-free dairy products contain arylsulfatase that converts natural ingredients of milk into para cresol and gives the products an undesirable taste, which is one of the major factors that is estimated to reduce the growth of the Lactose Free Dairy Products Market.

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Lactose Free Dairy Products Market. Key companies of this market are Green Valley Creamery, Valio International, The Danone Company Inc, Saputo Dairy Products, Cabot Creamery Cooperative, Hiland Dairy Foods Company, Dean Foods, McNeil Nutritional, Alpro, and Arla Foods among others.