The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.
The Lactose-Free Dairy by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Lactose-Free Dairy, The lactose-free dairy market size has grown strongly in recent years. It will grow from $11.85 billion in 2023 to $12.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to health awareness, rise in lactose intolerance cases, product innovation, marketing and education campaigns, retail expansion.The lactose-free dairy market size is expected to see strong growth in the next few years. It will grow to $17.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
Product innovations stand out as a prominent trend in the lactose-free dairy market, with major companies actively introducing innovative products to reinforce their market presence. As an illustration, in February 2022, Modern Kitchen, a US-based company specializing in animal-free products, introduced the world’s first animal-free cream cheese. Utilizing precision fermentation technology, this innovative product encodes DNA sequences of real dairy into microorganisms, resulting in proteins similar to those found in real milk. Notably, the product is derived from real dairy, while being lactose-free, hormone-free, and cholesterol-free.
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The lactose-free dairy market covered in this report is segmented –
1) By Type: Milk, Cheese, Yogurt, Other Types
2) By Form: Solid, Liquid, Powder
3) By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Online Channels, Other Distribution Channels
Top Major Players
Dairy Farmers of America Inc.,
General Mills Inc.,
Lifeway Foods Inc.,
Nestle SA,
Saputo Inc.
The lactose-free dairy market report table of contents includes:
1. Executive Summary
- Lactose-Free Dairy Market Characteristics
- Lactose-Free Dairy Market Trends And Strategies
- Global Lactose-Free Dairy Market Size and Growth
- Lactose-Free Dairy Market Segmentation
- Lactose-Free Dairy Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Lactose-Free Dairy Market
- Lactose-Free Dairy Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Lactose-Free Dairy Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Lactose-Free Dairy Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Lactose-Free Dairy Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Dairy Farmers of America Inc. Financial Performance
Table 75: General Mills Inc. Financial Performance
Table 76: Lifeway Foods Inc. Financial Performance
Table 77: Nestle SA Financial Performance
Table 78: Saputo Inc. Financial Performance
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