Global Lactose-free Butter Market: Investment & Growth Opportunity Analysis, 2019-2028
$2,800.00 – $5,440.00
Consumer awareness regarding the health benefits of lactose-free butter is driving the growth of the global lactose-free butter market
The market size of the global Lactose-free butter market was estimated at US$ 320 million in 2022 and is expected to reach US$ 450 million at a CAGR of 7.2% by 2028. It has all the vital nutrients and is a rich source of protein. The factors that are driving the global Lactose-free butter market are urbanization, consumer awareness toward a healthy diet, allergies and intolerance towards lactose, government initiatives to go all vegan, and rising preferences of consumers toward sugar-free and Lactose-free products.
Lactose-free butter and other Lactose-free dairy products are conventional and expensive. However, the organic Lactose-free butter market is an opportunity for the Lactose-free butter market to increase sales and growth as consumers are increasingly becoming aware of organic and sustainable food products.
Unsalted butter is expected to drive market growth due to adding health benefits to lactose-free nature
Under the type segment, unsalted butter has boosted market growth due to health benefits, freshness in taste, and awareness among people to consume less salt. Unsalted butter though has a shorter shelf life and a sugary taste in it. The e-commerce distribution channel followed by specialty stores is expected to propel the market growth of the Lactose-free butter market due to the ease of availability and discounts offered. In terms of quantity, pack size, and other offers, consumers have access to a wide choice of products in the case of e-commerce channels.
Western Europe is the dominating region due to significant presence of lactose intolerant population
Europe is the dominating player of Lactose-free butter market. In Europe, a majority of the population is intolerant to lactose thus driving the growth of Lactose-free butter market. Bakeries and confectioneries in western Europe have Lactose-free butter products due to lactose intolerant population as well as Lactose-free awareness, thus accelerating market growth of Lactose-free butter. Germany followed by China is the leading importer of dairy products thus propelling the market growth of Lactose-free butter market as well. People in Middle East and Africa are very much prone to diabetes; therefore, it is anticipated to increase the demand for Lactose-free butter in these countries leading to more awareness. In the Asia Pacific region such as India, westernization of consumer diet is expected to boost market growth for Lactose-free butter.
Market Structure and Competitive Landscape
The global Lactose-free butter market is fragmented in nature with various players operating in the market, 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.
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 in 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 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.
Key Market Segmentation
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
Read our latest report: https://store.rationalstat.com/store/global-cocoa-market/
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Why Buy this Report?
The report is intended for Lactose-free butter manufacturers, restaurants & cafe, confectioners, dairy industry, government organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
| REGION | Global |
|---|---|
| RELEASE YEAR | 2022 |
| RESEARCH CODE | RST-SAR-086 |
| ADDITIONAL FEATURE | 24×7 Post sales support and 15% free customization |
| User License | Single User/Team License, Corporate License |
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Analysis of Russia-Ukraine War Impact and Road Ahead
7. Market Indicators and Background
7.1. Macro-Economic Factors
7.1.1. Global Population Overview and Forecast
7.1.2. Global Lactose-free Butter Production
7.1.3. Per Capita Income by Select Countries
7.1.4. Consumer Spending on Lactose-free Butter by Region
7.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players’ expenditures, and economic conditions, among others
7.3. Supply Chain & Value Chain Analysis
7.4. Industry SWOT Analysis
7.5. PESTLE Analysis
7.6. Porter’s Five Forces Analysis
8. Government Laws and Industry Regulations
9. Global and Regional Market Dynamics
9.1. Drivers
9.2. Restraints
9.3. Trends
9.4. Opportunities
10. Global Lactose-free butter Market: Key Investment Analysis
10.1. By Lactose-free Butter Producers
10.2. By Category
10.3. By Type
10.4. By Application
10.5. By Distribution Channel
10.6. By Region
10.7. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
11. Pricing Analysis
11.1. By Category
11.1.1. Conventional
11.1.2. Organic
11.2. By Type
11.2.1. Salted Butter
11.2.2. Unsalted Butter
11.3. By Region
11.3.1. North America
11.3.2. Western Europe
11.3.3. Eastern Europe
11.3.4. Asia Pacific
11.3.5. Latin America
11.3.6. Middle East & Africa
12. Parent Market Overview: Global Dairy Market
13. Segmental Analysis
13.1. Global Lactose-free Butter Market by Type
13.1.1. Segment Overview
13.1.1.1. Salted Butter
13.1.1.2. Unsalted Butter
13.2. Global Lactose-free butter Market by Application
13.2.1. Segment Overview
13.2.1.1. Household
13.2.1.2. Commercial
13.3. Global Lactose-free butter Market by Distribution Channel
13.3.1. Segment Overview
13.3.1.1. Supermarkets/Hypermarkets
13.3.1.2. Retail Stores
13.3.1.3. Specialty Stores
13.3.1.4. E-commerce
13.4. Global Lactose-free butter Market by Region
13.4.1. North America
13.4.2. Latin America
13.4.3. Western Europe
13.4.4. Eastern Europe
13.4.5. Asia Pacific
13.4.6. Middle East & Africa
14. Regional Analysis
14.1. North America Lactose-free butter Market Analysis and Forecast 2019-2028
14.1.1. Regional Market Overview and Key Takeaways
14.1.2. North America Lactose-free butter Market by Application
14.1.3. North America Lactose-free butter Market by Category
14.1.4. North America Lactose-free butter Market by Distribution Channel
14.1.5. North America Lactose-free butter Market by Type
14.1.6. North America Lactose-free butter Market by Country
14.1.6.1. US
14.2. Latin America Lactose-free butter Market Analysis and Forecast 2019-2028
14.2.1. Regional Market Overview and Key Takeaways
14.2.2. Latin America Lactose-free butter Market by Application
14.2.3. Latin America Lactose-free butter Market by Category
14.2.4. Latin America Lactose-free butter Market by Distribution Channel
14.2.5. Latin America Lactose-free butter Market by Type
14.2.6. Latin America Lactose-free butter Market by Country
14.2.6.1. Brazil
14.2.6.2. Mexico
14.2.6.3. Rest of Latin America
14.3. Western Europe Lactose-free butter Market Analysis and Forecast 2019-2028
14.3.1. Regional Market Overview and Key Takeaways
14.3.2. Western Europe Lactose-free butter Market by Application
14.3.3. Western Europe Lactose-free butter Market by Category
14.3.4. Western Europe Lactose-free butter Market by Distribution Channel
14.3.5. Western Europe Lactose-free butter Market by Type
14.3.6. Western Europe Lactose-free butter Market by Country
14.3.6.1. Germany
14.3.6.2. UK
14.3.6.3. France
14.3.6.4. Spain
14.3.6.5. Italy
14.3.6.6. Benelux
14.3.6.7. Nordic
14.3.6.8. Rest of Western Europe
14.4. Eastern Europe Lactose-free butter Market Analysis and Forecast 2019-2028
14.4.1. Regional Market Overview and Key Takeaways
14.4.2. Eastern Europe Lactose-free butter Market by Application
14.4.3. Eastern Europe Lactose-free butter Market by Category
14.4.4. Eastern Europe Lactose-free butter Market by Distribution Channel
14.4.5. Eastern Europe Lactose-free butter Market by Type
14.4.6. Eastern Europe Lactose-free butter Market by Country
14.4.6.1. Russia
14.4.6.2. Poland
14.4.6.3. Rest of Eastern Europe
14.5. Asia Pacific Lactose-free butter Market Analysis and Forecast 2019-2028
14.5.1. Regional Market Overview and Key Takeaways
14.5.2. Asia Pacific Lactose-free butter Market by Application
14.5.3. Asia Pacific Lactose-free butter Market by Category
14.5.4. Asia Pacific Lactose-free butter Market by Distribution Channel
14.5.5. Asia Pacific Lactose-free butter Market by Type
14.5.6. Asia Pacific Lactose-free butter Market by Country
14.5.6.1. China
14.5.6.2. Japan
14.5.6.3. India
14.5.6.4. South Korea
14.5.6.5. Australia
14.5.6.6. ASEAN
14.5.6.7. Rest of Asia-Pacific
14.6. Middle East & Africa Lactose-free butter Market Analysis and Forecast 2019-2028
14.6.1. Regional Market Overview and Key Takeaways
14.6.2. Middle East & Africa Lactose-free butter Market by Application
14.6.3. Middle East & Africa Lactose-free butter Market by Category
14.6.4. Middle East & Africa Lactose-free butter Market by Distribution Channel
14.6.5. Middle East & Africa Lactose-free butter Market by Type
14.6.6. Middle East & Africa Lactose-free butter Market by Country
14.6.6.1. GCC
14.6.6.2. South Africa
14.6.6.3. Turkey
14.6.6.4. Rest of the Middle East & Africa
15. Competitive Landscape
15.1. Competition Dashboard
15.1.1. Global and Regional Market Share Analysis
15.1.2. Market Structure
15.2. Competitive Benchmarking
15.3. Key Strategy Analysis
15.4. Company Profiles
15.4.1. Valio Ltd.
15.4.1.1. Company Overview
15.4.1.2. Product/Service Offerings
15.4.1.3. Key Financials
15.4.1.4. Recent Developments
15.4.2. Archer Daniels Midland Company
15.4.2.1. Company Overview
15.4.2.2. Product/Service Offerings
15.4.2.3. Financials
15.4.2.4. Recent Developments
15.4.3. Agropour Dairy Cooperative (Natrel)
15.4.3.1. Company Overview
15.4.3.2. Product/Service Offerings
15.4.3.3. Financials
15.4.3.4. Recent Developments
15.4.4. Kraft Heinz Company
15.4.4.1. Company Overview
15.4.4.2. Product/Service Offerings
15.4.4.3. Financials
15.4.4.4. Recent Developments
15.4.5. Kellogg Company
15.4.5.1. Company Overview
15.4.5.2. Product/Service Offerings
15.4.5.3. Financials
15.4.5.4. Recent Developments
15.4.6. Cargill Inc.
15.4.6.1. Company Overview
15.4.6.2. Product/Service Offerings
15.4.6.3. Financials
15.4.6.4. Recent Developments
15.4.7. Morrisons Ltd.
15.4.7.1. Company Overview
15.4.7.2. Product/Service Offerings
15.4.7.3. Financials
15.4.7.4. Recent Developments
15.4.8. California Dairies, Inc.
15.4.8.1. Company Overview
15.4.8.2. Product/Service Offerings
15.4.8.3. Financials
15.4.8.4. Recent Developments
15.4.9. Arla Foods amba
15.4.9.1. Company Overview
15.4.9.2. Product/Service Offerings
15.4.9.3. Financials
15.4.9.4. Recent Developments
15.4.10. Upfield
15.4.10.1. Company Overview
15.4.10.2. Product/Service Offerings
15.4.10.3. Financials
15.4.10.4. Recent Developments
15.4.11. Lactalis Canada
15.4.11.1. Company Overview
15.4.11.2. Product/Service Offerings
15.4.11.3. Financials
15.4.11.4. Recent Developments
15.4.12. LACTAID (McNeil Nutritionals, LLC)
15.4.12.1. Company Overview
15.4.12.2. Product/Service Offerings
15.4.12.3. Financials
15.4.12.4. Recent Developments
15.4.13. Conagra Brands, Inc.
15.4.13.1. Company Overview
15.4.13.2. Product/Service Offerings
15.4.13.3. Financials
15.4.13.4. Recent Developments
15.4.14. Green Valley Creamery
15.4.14.1. Company Overview
15.4.14.2. Product/Service Offerings
15.4.14.3. Financials
15.4.14.4. Recent Developments
15.4.15. Challenge Dairy Products, Inc.
15.4.15.1. Company Overview
15.4.15.2. Product/Service Offerings
15.4.15.3. Financials
15.4.15.4. Recent Developments
A comprehensive list of Lactose-free butter manufacturers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities
16. Disclaimer
Every Sample Includes
Research Methodology
Complete Table of Contents, List of Charts and Tables
Exclusive Facts & Illustrations
Related products
Food, Beverages & Agriculture
Global Sparkling Bottled Water Market Analysis and Forecast, 2019-2028
Introduction The global sparkling bottled water market has been growing rapidly in recent years, driven by increasing consumer demand for healthier and more convenient beverages. Sparkling bottled water is a type of carbonated water that contains carbon dioxide bubbles and can be flavored or unflavored. This market report provides a detailed analysis of the global [...]
Food, Beverages & Agriculture
India Vegan Cheese Market is Growing Significantly due to Shifting Consumers Preference Coupled with the Adoption of the Western Lifestyle
Food, Beverages & Agriculture
Global Dairy Alternatives Market: Investment & Growth Opportunity Analysis, 2019-2028
Increasing number of people with lactose intolerance and milk allergies is augmenting the market growth
Food, Beverages & Agriculture
India Spices and Seasoning Market Analysis and Forecast 2019-2028
The overall spice and seasoning market is growing at an annual rate of 8% and branded products at 13%. Owing to their reputed immunity-boosting properties, demand for spices has risen even more since the outbreak of COVID-19.
Food, Beverages & Agriculture
Introduction Surimi is a processed seafood product made from white fish species such as Alaska pollock. It is a popular ingredient in various dishes, such as sushi, tempura, and fish cakes, due to its mild flavor and ability to mimic the texture of meat. The global surimi market is expected to experience steady growth [...]
Food, Beverages & Agriculture
Global Hemp and Hurd Market Analysis and Forecast, 2022-2030
Soaring applications in textiles, building materials, and food products is driving the global demand for hemp and hurd