MarketsandMarkets™The lactose-free products market is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7 %According to MarketsandMarkets, the "Lactose-Free Products Market by Type (Milk, Cheese, Yogurt, Ice-cream, Confectionery products), Form (Lactose-free, No added sugar/ Reduced sugar claims, Reduced lactose), Category (Organic, Inorganic), and Region - Global Forecast to 2025" size is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7%, in terms of value. The growth and awareness among lactose intolerant population regarding self-diagnosis all across the globe is causing a rise in the demand of lactose-free products.
Restraints: High price of lactose-free products
For the production of lactose-free milk, the milk has to be treated with ultra-high temperature (UHT) method of the pasteurization process for increasing its shelf-life and improving the consistency of milk while turning it into lactose-free milk. For turning the normal milk to lactose-free milk, the milk is treated with lactase enzymes for breaking the complex lactose disaccharide into two simple sugars, namely, glucose and (monosaccharides) galactose. This process of converting the milk into lactose-free milk increases the price of lactose-free dairy products as compared to normal packaged dairy products. Due to these factors, lactose-free milk is offered under the premium product category, which caters to a smaller consumer population, wherein ordinary milk is a commodity offered at cost-effective prices, due to which it is consumed by a large-scale population.
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By type, the milk segment is projected to account for the largest share in the lactose-free products market during the forecast period
Lactose- free milk is a rich source of protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Lactose-free milk is produced by adding lactase to regular cow’s milk. The lactose-free milk tastes sweeter than regular milk because during the process of production lactase is added to lactose-free milk helps in breaking down of lactose into two sugar forms namely; glucose and galactose. This is the key factor driving the growth of milk segment in market.
By form, no added sugar or reduced sugar claims segment is projected to be the fastest-growing segment in the lactose-free products market during the forecast period
By form, the no added sugar or reduced sugar claims segment is projected to be the fastest-growing segment. Due to the increase in awareness about health concerns, such as obesity and diabetes, consumers witness a high demand for no added sugar or reduced sugar products. For catering to the changing demands of consumers, many players in the dairy industry are focusing on introducing lactose-free dairy products with reduced added sugar or no added sugar claims. The trend of using reduced added sugar or no added sugar drives the lactose-free products market.
The North America region dominated the lactose-free products market with the largest share in 2019, whereas Asia-Pacific is expected to witness the highest growth rate.
The lactose-free products market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, flavored ice cream, and flavored milk. Also, the North American population has awareness and self-diagnosis for lactose intolerance. In addition, the increase in no sugar or reduced sugar trends are factors that are projected to drive the growth of the lactose-free products market in the region.
The fastest-growing market is Asia-Pacific for lactose-free products market. The increase in disposable income among consumers and the demand for health and wellness products have encouraged the consumption of lactose-free products. The increase in urbanization in the region has led to high demand for food security and premium quality food products. Consumers are willing to pay extra for health-enriching food & beverage products. These factors are projected to encourage the growth of the lactose-free products market in the region.
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This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as The Coca-Cola Company (US), GCMMF (India), Nestle (Switzerland), Danone Company S.A (France), Valio Ltd. (Finland), General Mills (US), Johnson & Johnson Services, Inc. (US), Lifeway Foods Inc. (US), LALA U.S (US), Dean Foods (US), Organic Valley (US), Dairy Farmers of America (US), Shamrock Foods (US), Saputo Inc. (Canada), Prairie Farms Dairy (US), Agri-Mark, Inc. (US), Smith Foods, Inc. (US), Meggle Group GMBH (Germany), Drums Food International Pvt Ltd. (India), and Granlatta Societa Cooperative Agricola ARL (Italy).
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