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
- By Type
- Salted Butter
- Unsalted Butter
- By Application
- By Distribution Channel
- Retail Stores
- Specialty Stores
- By Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- South Korea
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- North America
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.