The global lactose free butter market is set to witness growth at a CAGR of 8.6% over the forecast period (2022-2032) and top a valuation of US$ 1,643 Mn by 2032.
Growth is attributed to rising issues such as allergies or
lactose intolerances across the globe. Health conscious consumers are shifting
their preferences towards consuming more of lactose free products as an
alternative to dairy products.
Lactase enzyme count in the body is maintained through
consuming lactose free butter which helps in breaking down lactose in the body.
Inability to digest lactose by a human body is termed as lactose intolerance.
Gas, bloating, and abdominal pain are few of its common
symptoms when it is consumed in any form. In this case, consumers switch to
lactose free butter and other products that aids in eradicating unpleasant and
painful symptoms of lactose intolerance.
Besides this, rising number of diseases such as obesity,
diabetes, and other health issues coupled with surging demand for sugar free,
lactose free, and gluten-free products are few of the drivers predicted to
boost the market in the coming years. Backed by these aforementioned factors,
the demand for lactose free butter is expected to rise at an impressive rise
over the forthcoming 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, growing trend of veganism across the globe is another factor driving the
growth in the market”, says a Future Market Insights analyst.
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
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East & Africa
Read Full Report :https://www.futuremarketinsights.com/reports/lactose-free-butter-market