In the 2nd edition of lactose free dairy product market report, FMI analysts has assessed that the sales of lactose free dairy products are going to be valued USD 13,874.30 million in 2024.
Recent purchasing habits of consumers indicate that they are prioritizing their health now more than ever before. Taking the cue, manufacturers are rolling out lactose free dairy products with additional nutritional content. Surging uptake of lactose free dairy products at a 5.6% CAGR, is expected to generate market revenue of USD 23,983.50 million by 2034.
| Attributes | Key Insights |
|---|---|
| Lactose Free Dairy Product Market Size (2024E) | USD 13,874.30 million |
| Market Valuation (2034F) | USD 23,983.50 million |
| Value-based CAGR (2024 to 2034) | 5.6% |
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| Leading Product Type | Milk |
|---|---|
| Value Share (2024) | 34.20% |
Milk is a significantly consumed lactose free dairy product. Its share in the global lactose free dairy product industry is set to account for 34.2% in 2024. Surging cognizance about the benefits of consuming lactose free milk like the presence of calcium, phosphorus, vitamin D and B12 in significant quantities is fueling this segment’s growth.
| Leading Form | Liquid |
|---|---|
| Value Share (2024) | 45.30% |
Increasing availability of lactose-free fluid products at retail outlets is enhancing the market share of the fluid segment. Additionally, brands are also offering private-label options to capitalize on the increasing consumer base for fluid lactose free dairy products. Rapid demand for lactose free fluids over the next 10 years is expected to fuel segment growth.
| Countries | Forecast CAGR (2024 to 2034) |
|---|---|
| The United States | 5.20% |
| Germany | 6.60% |
| China | 7.10% |
| Japan | 6.40% |
| India | 8.40% |
Demadn for lactose free dairy products in the United States is increasing at 5.2% CAGR over the forecast period. Sensing an expanding market, players are developing diverse lactose-free dairy products to capitalize on this market.
Consumption lactose-free dairy products is increasing among consumers as they limit or give up dairy consumption. The key reason underlying this shift is rising health worries among native Americans.
Key providers in the country are providing lactose-free variety of yogurt, ice cream, milk, and cottage cheese, with similar nutritious benefits that are found in conventional food items. Thus, stirring excitement for lactose-free food products.
Germany leads the self-sufficient Europe lactose-free dairy products industry, by expanding at a CAGR of 6.6% over the following years. Such growth is attained by Germany as leading players in the country are continuously releasing new products and working on introducing a cost-effective product line to increase its accessibility.
Spreading public awareness about synthetic and unethical substances used in non-organic food items is creating massive demand for organic food and beverages.
Since organic milk production in Germany is strictly regulated and producers are required to procure licenses from relevant authorities to lawfully sell their products, consumers have faith in these products. Manufacturers are, therefore, gradually switching to the production of organic lactose-free dairy products to enjoy increased revenue.
Large proportion of Chinese population is lactose intolerant. Additionally, lactose digestion is restricted in 90-100% of individuals in East Asia. In Central Asia, 80% of adults are lactose intolerant. This is positively influencing the lactose-free dairy products industry in China, which is estimated to grow at a CAGR of 7.1% over the next years.
Greater lactose intolerant population in China can be traced back to less availability of ready milk historically. This has led individuals to lose their ability to digest milk, right from childhood. Despite this fact, the population in China is a mass consumer of dairy, which is compelling sales of lactose-free dairy products.
Industry participants in China are developing delicious flavors of lactose-free milk, ice cream, yogurt, cream cheese spread, etc., which are similar in texture, taste, and benefits to dairy but without the cow. By this means, players are attempting to capture the growing customer base in China.
Key players in India can expect the market to grow at a 8.4% CAGR in the next 10 years. Growth in Indian market is driven by the high prevalence of lactose intolerant population. Key players are thus leveraging this market situation to their benefit by introducing new products with enhanced nutritional profiles.
Principal players in India are also selling their products on online platforms to increase their accessibility among people residing in this country.
Sales scenario of lactose-free dairy products in Japan is going to enhance over time. The Japanese market is observing a 6.4% CAGR from 2024 to 2034. Almost 73% of the population in Japan is estimated to be lactose intolerant, which is increasing the market for lactose-free dairy products.
Key players are thus are offering lactose free dairy products that are fortified with vitamins, proteins, and calcium to deliver sufficient nutrients for proper human development.
Growing interest in plant-based dairy options is further pushing innovation in the industry. In August 2023, for instance, Justin Mackee brought its eco-friendly coconut yogurt to Tokyoites with his brand Cocono.
Presently, Cocono provides a single product, i.e., natural yogurt handmade with a mere four ingredients. It is thicker in consistency than the commercially available yogurt, although it offers a bright and tart flavor.
Key players are poised for promising growth with the launch of new product offerings. Manufacturers are committed to offering high-quality lactose-free dairy products that have no added sugars or preservatives.
Chief players are allocating their funds to research and development activities to cleverly blend taste and health into the offerings. This approach has the power to lure more health-conscious and lactose-intolerant customers who are seeking delicious-tasting dairy-free products.
Principal players are identifying the unsatisfied needs for lactose free dairy products in different markets. They are focused on fulfilling these by developing many product lines that can cover the production of products like liquid milk, milk powder, ice cream, yogurt, cheese, and more.
Consumer needs vary from market to market due to different cultures and consumption patterns. Key stakeholders are thus customizing their products to align with the unique attributes of local consumer markets.
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The lactose free dairy product industry accounts for USD 13,874.30 million valuation in 2024.
Market players can expect lactose free dairy product market to increase at a CAGR of 5.6% over the next 10 years.
The market revenue of lactose free dairy products has the potential to bypass USD 23,983.50 million by 2034.
Milk is an excessively purchased lactose free dairy product in the market.
India offers considerable opportunities to market players.
McNeil Nutritionals, Valio International, and Alpro are promising participants in the lactose free dairy product industry.
| Estimated Industry Size (2024E) | USD 15.4 billion |
|---|---|
| Projected Industry Value (2034F) | USD 28.3 billion |
| Value-based CAGR (2024 to 2034) | 6.3% |
| Market Size (2023E) | USD 13.5 billion |
|---|---|
| Market Projected Size (2033F) | USD 23.9 billion |
| Value CAGR (2023 to 2033) | 5% |
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