The global lactose-free products market 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% during the forecast period. The demand for lactose-free products is increasing significantly due to the rise in lactose intolerant population across the globe. Moreover, the rise in the consumption of clean label food products is one of the major factors encouraging the growth of the lactose-free organic products market globally.
Key players in this market include 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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Asia Pacific is projected to account for the largest market share during the forecast period
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The significant growth of the economy in countries, rapid urbanization, an increase in demand for expensive and healthy food & beverage products, the increase in the westernization of consumer diets are some of the major factors driving the growth of lactose-free products in the region.
• Increase in population of lactose-intolerant consumers, awareness, and self-diagnosis
• Availability of various products and SKUs in the market
• Technological advancements in product manufacturing and improved labeling protocols
• High-price of lactose-free products
• Undesirable taste due to the presence of arylsulfatase in products
• Availability of lactose-free dairy products with added health benefits
• Expected rise in demand in the horeca industry
• Stiff competition from plant-based alternatives
• Impact of COVID-19 on the supply chain of lactose-free products
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 that 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.
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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.