The global lactose-free butter market is estimated to reach US$ 311 million in 2023 and is projected to reach US$ 603 million by 2033. According to Future Market Insights (FMI), the lactose-free butter market is poised to expand at 7% CAGR, over the forecast period.
Growth is linked to developing global issues including allergies and lactose intolerance. Health-conscious consumers are shifting their preferences to include more lactose-free goods as an alternative to dairy dishes.
Consuming lactose-free butter helps to keep lactase enzyme levels stable in the body. Lactose intolerance is the human body’s inability to digest lactose.
Gas, bloating, and gastrointestinal pain are among of the most typical effects when eaten in any form. In this instance, consumers switch to lactose-free butter and other goods that help relieve the unpleasant and painful symptoms of lactose intolerance.
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Aside from that, the rising number of disorders such as obesity, diabetes, and other health difficulties, together with rising demand for sugar-free, lactose-free, and gluten-free products, are just a few of the factors expected to drive the market in the future years. Based on the aforementioned causes, demand for lactose-free butter is predicted to expand dramatically over the next decade.
Key Takeaways from Market Study
- Europe is expected to dominate the global lactose free butter market, accounting about 32% by 2022
- Germany is expected to account for the maximum market share of nearly 25% in Europe lactose free butter market
- By product type, spreadable lactose free butter is expected to account for lion’s share of the global market by the end of 2032
- By nature, organic lactose free butter is expected to dominate the global lactose free butter market over the assessment period
- Online channel is expected to show an impressive growth in terms of distribution channels over the assessment period (2022-2032)
“Demand for lactose-free butter is increasing globally amid growing consumption of lactose free products across the globe. Also, the growing trend of veganism across the globe is another factor driving the growth in the market”, says a Future Market Insights analyst.
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Competitive Landscape
Various market players are adopting different marketing and promotional strategies such as partnerships, collaboration, merger and acquisitions, new product launches and geographical expansion.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global lactose free butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Global Lactose-Free Butter Market By Category
By Product Type:
- Spreadable
- Non-Spreadable
By Nature:
- Organic
- Conventional
By Source:
- Cream
- Milk
- Skimmed
- Whole
By End Use:
- HoReCa/Foodservice
- Household/Retail
- Food Industry
- Bakery and Confectionery
- Meat products
- Infant Formula
- Desserts
By Distribution Channel:
- Direct
- Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers
The report covers an exhaustive analysis on:
- At what value is the lactose free butter market expected to reach?
- How much is the global lactose free butter market expected to grow?
- What strategies are adopted by the market players in the lactose free butter market?
- What percent of share does the top 10 companies in the lactose free butter hold?
- Which are the major countries driving demand for lactose free butter?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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