Lactose Free Dairy Products Market Report scope & Overview:

The Lactose Free Dairy Products Market size was valued at USD 13.20 billion in 2022 and is expected to grow at USD 19.50 Billion by 2030, and grow at a CAGR of 5.2% over the forecast period of 2022-2030.

The lactose dairy products are the products which is made up of milks which does not contain lactose. Some people find it very difficult to digest lactose or let’s consider their body doesn’t accept lactose, in medical terms it is called a lactose intolerance. Lactose intolerance is caused by the lack of feed enzymes in our body. Lactose free dairy products act as the better option for the people suffering from lactose intolerance which is the driving factor for lactose dairy products market. There is an intense competition in this field which results in the competition to focus more on advertisement to attract their targeted audience. Companies focus on campaign to create the awareness among the people. In 2022 Chobani launched Ultra Filtered milk which is lactose free and also it is very easy to digest according to the data it contains 20g of protein and approx. 50% less sugar than traditional milk. Also, the major key players are spending a lot of money on advertising for branding because brand positioning is very important for any company so with the help of that they can attract more customers and also, they can promote their products which will boost their lactose free dairy products.

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Impact of COVID-19

Covid-19 affected the whole food and beverage industry, lactose dairy product market also suffered due to the several reasons the major reasons include quality of raw materials due to the lockdown the farmers were not allowed to do any activities which resulted in no production of raw materials which brought up the issue of unavailability of raw materials due to which the quality of the lactose free products got affected. Due to the strict rules and regulations from the government during lockdown made it difficult for the farmers to meet the expectation. There was uncertainty among the companies and also the manufacturers whether the production will meet the demand of the lactose free dairy products due to the less available resources, transportation is also the biggest factor due to which the price of lactose dairy products got affected.

Market Dynamics

Drivers

• Increasing population of lactose Intolerant.

According to NIH the percentage of people suffering from lactose malabsorption all around the world is approximately 65-68%, the major cause why the people are suffering from lactose intolerance is because of bowel infections, bowl surgery, or inflammatory bowel disease. So, the rising number of lactose intolerance patients is what creating an opportunity for the lactose free dairy products and thus driving the market.     

• Rise in the awareness of the lactose dairy free products.

Restrains

• High pricing of Lactose dairy free products.

Opportunity

• The health benefits associated with the lactose dairy free products.

The major concern for the people is most probably consuming food which can help them gain better and effective results in terms of having good physical health. There has been continuous growth in the lactose free dairy segment which creates a new options for the customers and can also be considered as the major factor for the growth of the market.   

Challenges

• Availability of other alternative options from plant-based protein products.  

Impact of Russia Ukraine War

Many issues got upheld due to the Russia Ukraine war for the lactose free dairy market. Russia was not self-sufficient for the production of the dairy products so they had to think about the restriction of Dairy products from EU because the people in Russia were not able to face the adversity regarding the scarcity of dairy products. The conflict between Russia and EU in 2022 had an effect on people of Russia. Due to the ongoing war, there was an anxious situation for the companies to give a thought about production in Russia as there was a danger in that, Some of the companies like Danone had stopped their investment in Russia which had immense effect on lactose free dairy market and according to the news Lely has stopped their operative functioning in Russia.

Impact of Ongoing Recession:

There are few arguments whether the recession will be a big one or a mild one, but according to the reports whether we are heading into a recession or not there will be economic stress among the people due to which the demand will move toward the decline phase. But also, it has been claimed that this recession will not have a great impact on the employment so the consequence will be average, the major factor will be in the perception of consumers how they perceive this situation and react.

But to give a final statement the reports states that there will be a drop in feed costs to 6% to 11% and because of that the prices will be lower down to 20% to 30% keeping the economic condition of consumers as well the nation economic growth factor in mind.

Segmentation analysis

The lactose free dairy product is usually divided into four segments by type by form by distribution channel and by region By type includes Milk cheese yogurt others .By form includes Solid liquid powder , the consumption preference of people differ from person to person so that is why almost every companies started making products in the form of liquid solid and powder, Online channels are also considered as a good form of distribution channel as many consumers won’t be able to personally come to the store and collect the products due to their busy lifestyle.

Segmentation

By Type

• Milk

• Cheese

• Yogurt

• Others

By Form

• Solid

• Liquid

• Powder

By Distribution channels

• Hypermarkets Supermarkets

• Convenience Store

• Online channels

• Others

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REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Regional Analysis:

Europe is said to be the region which has dominated the lactose free dairy product and is expected to keep dominating during the forecast period. Due to the available resources the production is on large scale. Lactose free dairy products work as the only option for the lactose intolerant people so that is the reason the demand is high and also the rising awareness among the European nations and the knowledge of the benefits after consumption of lactose free dairy market is the driving factor for the Europe region.

Key Players

The major key players are Nestle, Johnson and Johnson Services, General Mills Ltd, Lifeway foods, Orgaic Valley, Lala, Arla Foods AMBA, Coco Cola, Agri Mark, Meggle, Danone SA, The Kroger Kompany Gujrat Cooperative Milk Marketing Federation, Amul and others.

General Mills Ltd-Company Financial Analysis