Lactose-Free Dairy Products Market Forecast Report 2020 – 2027 – Top Key Players Analysis
The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Lactose-Free Dairy Products Market:
The significant shift in the consumer’s preference for organic food and beverages worldwide is the major factor supporting the growth of the global lactose-free dairy products market. In addition to this, the rapidly rising per capita income and the increasing incidences of lactose intolerance will boost the demand for lactose-free dairy products. The growing consumer awareness associated with the unethical and synthetic ingredients used in different food and beverage products is motivating them to opt for lactose-free dairy products, thus fuelling the growth of the market during the forecast period. Furthermore, the rising purchasing power of the consumers and the increasing focus on health and wellness are surging demand for premium food products.
The growing population rate and adaption of the modern lifestyle will indirectly bolster the demand of the market. During the COVID-19 crisis, the demand for lactose-free dairy products is expected to energize as a large section of the consumer base is changing from meat-based to dairy-based products at a global level. The pandemic will positively influence the market, owing to the emerging demand for essential products such as dairy products. On the other hand, the easy availability of alternatives of lactose-free dairy products, such as nuts and cereals, is the key factor restraining the growth of the global lactose-free dairy products market.
This report splits the Lactose-Free Dairy Products Market as follows:
By Nature:
- Organic
- Conventional
By Product Type:
- Milk
- Condensed Milk
- Milk Powder
- Yogurt
- Ice Cream
- Desserts
- Butter/Cheese
- Others
By Form:
- Semi-solid
- Liquid
- Powder
By Distribution Channel:
- Supermarket/Hypermarket
- Online
- Speciality Stores
- Others
By Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
Competitive Landscape:
The lactose-free dairy products market report also scans the competitive landscape and profiles the major players operating in the market including Dean Foods, Valio International, Shamrock Foods Company, Arla Foods, The Danone Company Inc., Murray Goulburn Co-Operative, Nestle S.A.,Kerry Group, Cargill, Incorporated, and Fonterra Co-Operative Group Limited, among others.
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