The global lactose-free milk market size is set to gain momentum from the increasing trend of consuming free-from or healthy food and beverages. As lactose often causes cardiovascular diseases, diabetes, and obesity if consumed excessively, people are rapidly shifting towards healthy products. As per the World Health Organization (WHO), in 2016, around 650 million adults worldwide were obese. This number is set to increase in the near future. Fortune Business Insights™ presented this information in an upcoming report, titled, “Lactose-free Milk Market, 2022-2029.”
COVID-19 Pandemic: Milk Consumption Surges to Enhance Immune System
The COVID-19 pandemic has compelled dairy processors to adopt novel technologies to eliminate the shortage of laborers. In China, for instance, major dairy industry associations put forward a set of norms in March 2020, for dairy product consumption for citizens to enhance their immune system amid the pandemic. As per the guidelines, people with lactose intolerance can opt for lactose-free milk. Research studies have shown that milk contains lactoferrin that blocks HSPG by inhibiting virus invasion.
A list of prominent lactose-free milk manufacturers operating in the global market:
Fonterra Co-operative Group Ltd.
Royal FrieslandCampina N.V.
Arla Foods Group
Other key market players
Supermarkets/HypermarketsSegment to Dominate Backed by Availability of Multiple Products
By type, the market for lactose-free milk is bifurcated into conventional and organic. Based on the fat content, it is trifurcated into fat-free milk, reduced fat milk, and whole milk. By distribution channels, it is divided into online retail, supermarkets/hypermarkets, specialty stores, and convenience stores. Amongst these, supermarkets and hypermarkets segment is expected to showcase the largest lactose-free milk market share in the near future as these stores offer a large number of options at discounted rates to customers.
The report aims to analyze the lactose-free milk industry by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.
Drivers & Restraints-
Increasing Prevalence of Lactose Intolerance to Accelerate Growth
The evolution of consumer lifestyle has surged the demand for healthy food items worldwide. Also, the increasing prevalence of lactose intolerance among people would propel the lactose-free milk market growth in the upcoming years. This has compelled manufacturers to invest huge sums in lactose-free milk processing. They are persistently launching new variants, such as organic, fat-free, and reduced-fat milk. However, this type of milk is very expensive as the processing is a hectic operation. It may hinder growth.
Surging Demand for Clean-label Milk to Help North America Dominate
Geographically, North America is expected to dominate the market in the forthcoming years. The rapid inclination of people towards milk variants that would support their digestive health is set to aid growth. At the same time, the increasing demand for clean-label milk, such as non-GMO and pesticide-free milk would also contribute to this growth. On the other hand, Asia Pacific is anticipated to show considerable growth because of the rising population of millennials. They are majorly focusing on consuming weight-management and healthy products, including lactose-free milk.
Key Players Focus on Developing New Technologies & Products to Attract More Consumers
The global market for lactose-free milk contains various large, small, and medium enterprises that are constantly striving to gain a competitive edge. To do so, they are introducing innovative products to expand their existing ranges. At the same time, they are developing cutting-edge technologies to come up with unique production techniques. Below are the two significant industry developments:
June 2021: Imagindairy, Ltd., an Israel-based start-up company introduced its new milking technology to develop milk proteins through precision fermentation, without the requirement of cows. They have the same nutritional value, functionality and texture as their animal-based counterparts.
August 2020: MilkLife launched lactose-free milk to expand its range in Indonesia. This launch would help the company to attract more consumers to change their normal milk to lactose-free as a healthy alternative.
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