The report, titled "Lactose-Free Butter Market" assesses the market in both regional and global terms by type, category and distribution channel, and the region. The report is comprehensive and provides comprehensive historical and projected market size along with a trends analysis. The report provides market analysis of share, production capacity by the most prominent players, total consumption of lactose-free milk by region, overview of competition and strategic imperatives annual sales figures opportunities for growth production overview, forecast analysis and assessment of competition for the players that are targeted by this Lactose-Free Butter market study.
Marketing Overview and Dynamic
The global market for lactose-free, non-dairy butter is projected to grow by around 7.5% over the 2022-2028 forecast timeframe. The growing demand for more nutritious alternatives as well as the growing incidence of lactose intolerance among people is likely to drive the demand for dairy-free milk all over the globe.
The market for lactose-free butter is expected to experience significant growth over the coming six years. The rising incidence of lactose intolerance within the millennials is playing a major part in expanding the market's potential. Furthermore, age and the level of income play an important influence on the purchase of dairy products that are lactose-free. The rising number in the baby boomer generation is expected to boost the demand during the forecast time.
North America is expected to grow significantly in the lactose-free global butter market over the forecast time frame; the growing purchasing power of people living in this region fuels the market in the region. Europe provides a number of exciting opportunities for the sector of consumer goods that is expected to be an excellent platform for expansion of the lactose-free butter market. Additionally, the majority of people in Europe are lactose-intolerant, which has led to the rise in demand and use of lactose free butter throughout European countries. Additionally, Asia Pacific is expected to witness significant growth over the next few years due to the increasing awareness and use of international brands within the region.
Segmental Analysis
- Based on the type of butter, the unsalted segment had a large market share due to the combination of its health benefits, freshness and the growing awareness among consumers to eat less salt.
- Based on the distribution channel the e-commerce channel, which is followed by specialist stores are anticipated to grow at a quicker pace because of the accessibility and the discounts that are offered on platforms.
- Based on the region, North America is dominating the world market for lactose-free butter. The presence of major players, as well as the growing awareness and the large number of lactose intolerant individuals within the region are crucial factors that drive regional market's expansion.
Competitive Analysis
The global lactose-free butter market is fragmented in nature with the presence of various players operating in the market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, the introduction of new variants, and the development of existing products are some of the strategies followed by industry players. Some of the key developments in the global lactose-free butter market include,
- In May 2020, Valio announced its development of solutions to reduce sugar in bakery goods, dairy products, chocolate, and ice cream.
- In October 2019, Upfield launched a new Flora Plant™ in Austria with which it joined their plant-based food movement. Flora PlantTM is a dairy-free and Lactose-free butter that tastes and looks like dairy butter but is prepared from plant-based oils derived from sunflower, rapeseed, and responsibly harvested palm fruit seeds.
Some of the prominent players that contribute significantly to the global lactose-free butter market include Valio Ltd., Agropur Dairy Cooperative (Natrel), Kraft Heinz Company, Kellogg Company, Cargill Inc., Morrisons Ltd., California Dairies, Inc., Johnson & Johnson Services, Inc., Arla Foods amba, Upfield, Lactalis Canada, LACTAID (McNeil Nutritionals, LLC), Conagra Brands, Inc., Green Valley Creamery, Challenge Dairy Products, Inc., among others.
RationalStat has segmented the global lactose-free butter market on the basis of category, type, application, distribution channel, and region.
- By Category
- Conventional
- Organic
- By Type
- Salted Butter
- Unsalted Butter
- By Application
- Household
- Commercial
- By Distribution Channel
- Supermarkets/Hypermarkets
- Retail Stores
- Specialty Stores
- E-commerce
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
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