Lactase is a type enzyme produced generally in the body to breakdown lactose present in dairy or other similar products. The inability to digest lactose, from milk or dairy products is called lactose intolerance. This intolerance results in gas, bloating, and abdominal pain. Some types of food intolerances, including lactose intolerance are treatable. Lactose-free milk is an easy alternative that could help eliminate many of these unpleasant symptoms. Lactose-free milk contains the same taste, texture, and nutrient profile as that of regular milk. Conveniently, it can be used in the same way. Lactose free butter is a product of lactose free milk.
Like normal milk, lactose-free dairy alternatives area great source of protein and are able to provide all essential nutrients present in regular dairy products, like calcium and vitamins, to those that are not able to digest lactose. Lactose-free milk is produced by adding lactase to regular milk. In recent years, the quality and product variety in lactose-free dairy has increased significantly, giving consumers more alternatives for lactose free products.
The rise in incidences of lactose intolerance has led to a rise in demand for lactose free butter by consumers. In majority of developed as well as developing countries, increased per capita spending on dairy products is expected to drive revenue growth for lactose free products. This growing demand for lactose free milk and butter offers significant growth opportunities for dairy product manufacturers during the forecast time period. This boosts the consumption and sales of lactose free butter across various regional markets.
Rise in organic food and beverages consumption also drives the lactose free butter market. Mature markets for lactose free dairy products and a well aware consumer base is anticipated to boost the growth of new offerings of lactose free dairy products. The prevalence of lactose intolerance in millennial population is driving them toward lactose free solutions in the butter segment. The popular trend of healthy living has increased awareness among consumers about considering ingredients used in food products. Income level and age group play major roles in determining the purchase of lactose free butter. Millennials are clearly driving this shift; however, a rise in the number of baby boomers also boost the market growth.
Consumer preference toward natural and organic food is on a constant rise, owing to increase in health consciousness among them. Further, surge in disposable income; improvement in living standard; rise in health expenditure; and large-scale promotion of organic foods, owing to their benefits such as them being chemical free and natural supplement growth of lactose free dairy products. Further, there is an increase in demand for nutritional and quality food due to the rise in urbanization and an increase in the working population. Consumers are demanding addition of natural ingredients in dairy products. Therefore, such factors boost the lactose free butter market.
The food industry has also started responding to the increase in demand by consumers for lactose free butter. For instance, Green Valley Creamery, a leader in organic, lactose-free dairy products launched certified organic lactose-free butter in the U.S. market. In addition, a US-based company, Country Crock launched a new dairy-free plant butter, offering an alternative to its original buttery spread.
The lactose free butter market is segmented into application, distribution channel, and region. Depending on application, it is categorized into household and commercial. On the basis of distribution channel, it is divided into supermarkets& hypermarkets, specialty stores, online retail stores, and others. On regional basis, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key companies profiled in the report include The Kraft Heinz Company, The Hain Celestial Group, Inc., Cargill Inc., Corbion Inc., Kerry Group PLC, Ingredion Incorporated, ChrHasen A/S, Dupont, Kellogg Company, and General Mills, Inc.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Application
By Distribution Channel
By Region
Like normal milk, lactose-free dairy alternatives area great source of protein and are able to provide all essential nutrients present in regular dairy products, like calcium and vitamins, to those that are not able to digest lactose. Lactose-free milk is produced by adding lactase to regular milk. In recent years, the quality and product variety in lactose-free dairy has increased significantly, giving consumers more alternatives for lactose free products.
The rise in incidences of lactose intolerance has led to a rise in demand for lactose free butter by consumers. In majority of developed as well as developing countries, increased per capita spending on dairy products is expected to drive revenue growth for lactose free products. This growing demand for lactose free milk and butter offers significant growth opportunities for dairy product manufacturers during the forecast time period. This boosts the consumption and sales of lactose free butter across various regional markets.
Rise in organic food and beverages consumption also drives the lactose free butter market. Mature markets for lactose free dairy products and a well aware consumer base is anticipated to boost the growth of new offerings of lactose free dairy products. The prevalence of lactose intolerance in millennial population is driving them toward lactose free solutions in the butter segment. The popular trend of healthy living has increased awareness among consumers about considering ingredients used in food products. Income level and age group play major roles in determining the purchase of lactose free butter. Millennials are clearly driving this shift; however, a rise in the number of baby boomers also boost the market growth.
Consumer preference toward natural and organic food is on a constant rise, owing to increase in health consciousness among them. Further, surge in disposable income; improvement in living standard; rise in health expenditure; and large-scale promotion of organic foods, owing to their benefits such as them being chemical free and natural supplement growth of lactose free dairy products. Further, there is an increase in demand for nutritional and quality food due to the rise in urbanization and an increase in the working population. Consumers are demanding addition of natural ingredients in dairy products. Therefore, such factors boost the lactose free butter market.
The food industry has also started responding to the increase in demand by consumers for lactose free butter. For instance, Green Valley Creamery, a leader in organic, lactose-free dairy products launched certified organic lactose-free butter in the U.S. market. In addition, a US-based company, Country Crock launched a new dairy-free plant butter, offering an alternative to its original buttery spread.
The lactose free butter market is segmented into application, distribution channel, and region. Depending on application, it is categorized into household and commercial. On the basis of distribution channel, it is divided into supermarkets& hypermarkets, specialty stores, online retail stores, and others. On regional basis, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the key companies profiled in the report include The Kraft Heinz Company, The Hain Celestial Group, Inc., Cargill Inc., Corbion Inc., Kerry Group PLC, Ingredion Incorporated, ChrHasen A/S, Dupont, Kellogg Company, and General Mills, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the lactose free butter market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Application
- Household
- Commercial
By Distribution Channel
- Supermarkets &Hypermarkets
- Specialty Stores
- Online retail stores
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Netherlands
- Germany
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- United Arab Emirates
- Rest of LAMEA
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LACTOSE FREE BUTTER MARKET, BY APPLICATION
CHAPTER 5: LACTOSE FREE BUTTER MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: LACTOSE FREE BUTTER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to the report titled, 'Global Lactose Free Butter Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global lactose free butter market size was valued at $222.9 million in 2018, and is projected to reach $388.4million by 2026, growing at a CAGR of 7.1% from 2019 to 2026. In 2018, North America accounted for nearly 40.7% share of the lactose free butter market.The growth in value sales for lactose free butter is attributable to surge in demand for different lactose free food products, which facilitates better taste. Thus, increase in willingness of customers to try different types of natural tastes in food & beverages is expected to fuel the demand for lactose free butter market.
The food industry has been evolving in terms of innovations and demands. Manufacturers are focusing on key innovations that cater to the requirements of their target consumers. Increase in awareness toward health and wellness has been witnessed among people residing in developed as well as the developing countries. This has resulted in increased demand for various types of special lactose free butter made using dairy alternative products. Thus, lactose free butter market is gaining increased traction among food &beverage manufacturers, which significantly drives the growth of the global market.
The market has witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for this product in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as aggressive marketing strategies by manufacturers, and slower economic growths in the regions. Thus, lower penetration of such products limits the growth of the lactose free butter market.
There has been an increase in number of users on various social media sites, with rise in internet penetration. Taking this into consideration, most of the key market players strategize on promoting their products on these social media platforms. Thus, through social media marketing strategy, the lactose free butter market sights critical opportunities to grow.
According to Aniket Kadam, Senior Research Analyst, Food and Beverages, “Over the years, general awareness among consumers about health and fitness has increased exponentially. They are now aware of the effects of lactose intolerance. To remain fit and healthy, consumers today are shifting toward dairy items that contain lactase, which is useful for lactose intolerant people and the overall quality of products”.
Key Findings of the Study
- Depending on application, the household segment garnered 82.0% of the lactose free butter market share in 2018, and is expected to grow at a CAGR of 7.6% from 2019 to 2026.
- The commercial segment was valued at $39.9million and is expected to reach $59.3million by 2026, registering a CAGR of 5.0 %.
- In 2018, by distribution channel, the specialty stores segment accounted for 50.3% share of the lactose free butter market, and is expected to grow at the CAGR of 6.3%.
- The online retail stores segment was valued at $7.8million, and is expected to reach $14.6 million by 2026, registering the highest CAGR of 11.5%.
- Region wise, North America accounted for a prominent market share in 2018, and is anticipated to grow at a CAGR of 5.9% throughout the forecast period.
The key players operating in the global clean label ingredient market include The Kraft Heinz Company, The Hain Celestial Group, Inc., Cargill Inc., Corbion Inc., Kerry Group PLC, Ingredion Incorporated, Chr Hasen A/S, Dupont, Kellogg Company, and General Mills, Inc.
Companies Mentioned
- The Kraft Heinz Company
- The Hain Celestial Group Inc.
- Cargill Inc.
- Corbion Inc.
- Kerry Group PLC
- Ingredion Incorporated
- ChrHasen A/S
- Dupont
- Kellogg Company
- General Mills Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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