Lactose-Free Butter Market Size, Share and Analysis By Type (Salted Butter, Unsalted Butter) , By Applications (Conventional, Organic) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The lactose-free butter has witnessed a colossal growth over the years, owing to the ongoing awareness about the nutritional relevance of lactose-free butter and the rise in lactose intolerance conditions. Moreover, the increase in demand for dietary supplements and spike in lifestyle-related issues amongst the consumers supports the growth of lactose-free butter market. Lactose-free butter is obtained from butter cultures, skimmed milk, and concentrated butter. These products can provide the essential nutrients, thereby fulfilling the daily needs of the lactose intolerance population. In the recent advancements, varieties of flavors, and pocket-friendly launches of the lactose-free butter are the reasons attributing for the accelerated growth of the market segment.
The lactose-free category offers a wide range of product diversity and health-appealing qualities, which encourages the consumers to adopt a lactose-free diet. The surge in consumer choices toward lactose-free products is the crucial driver anticipated to boost the market rate. However, several restraining factors, such as the high cost of raw materials, price sensitivity, and other competitors hinders the lactose-free butter market region-wise.
Impact of COVID-19 on Lactose-Free Butter Market
In recent years, the food and beverage industries have faced many challenges to stay in the long run, but, the dairy industry being the essential sector, maintained its consistency throughout the pandemic. The global shutdown has impacted the production and sales of the dairy industries, which necessitated the market players to launch new and innovative products in the market. With increasing concerns regarding physical health and animal welfare, the trend of premium products such as lactose-free butter has gained a lot of traction, further fueling the market growth during the pandemic.
Key Insights
The report will cover the following key insights:
- Overview of parent/related market
- Drivers, restraints, and opportunities
- Key Trends and Innovations
- Regulatory Analysis
- Impact of COVID-19 on the Lactose-Free Butter Market Industry
Analysis by Category
On the basis of category, conventional lactose-free butter accounts for the larger proportion of the global lactose-free butter market. Conventionally sourced lactose-free butter is lower in cost than organic lactose-free butter, which increases its demand in the market. However, the demand for organic lactose-free butter is expected to increase in the coming years due to the growing popularity and rising awareness about the benefits of organic food on consumers' health.
Regional Analysis
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The European region has recorded the highest share in the global lactose-free butter market. The rising adoption of lactose-free butter is majorly due to the rise in the awareness of the health-conscious population and the shift in consumers' preferences for organic and natural products in the European region. North America has also witnessed a sustainable growth in the lactose-free butter market. The significant
Key Players
This report includes the profile of key players such as Prosperity Organic Foods, Inc. (U.S.), The Kraft Heinz Company, Challenge Dairy Products Inc, Green Valley Creamery (U.S.), Upfield (Netherlands), Kellogg Company, General Mills, Agropur Dairy Cooperative, Conagra Brands Inc. (U.S.), Ingredion Incorporated, LACTAID (McNeils Nutritional, LLC), Johnson & Johnson Services, Inc. (the US), Valio Ltd (Finland), Arla Foods amba (Denmark), and Lactalis Canada (Canada).
Segmentation
By Type | By Applications | By Geography |
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Key Industrial Developments
- December 2021, a Dublin-based brand Challenge Dairy Foods, has announced the launch of lactose-free butter containing avocado oil. This new variety of butter is enriched with omega fatty acids and high-quality ingredients such as sea salt, fresh butter, and pure avocado oil.
- August 2021, the Good Culture brand has launched four new products, including its first lactose-free sour cream in a squeezable pouch. This cream contains active cultures and is gut-friendly.
- Ongoing
- 2023
- 2019-2022
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