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Future Market Insights Publishes Report Regarding Lactose-Free Dairy Products

Future Market Insights Publishes Report Regarding Lactose-Free Dairy Products


UNITED STATES
Wednesday, August 3rd, 2022

Noteworthy data just came down the pipeline, as Future Market Insights (FMI) recently published a report regarding the global lactose-free dairy products market. By this year, this market is expected to reach a market valuation of $13.5 billion, accelerating with a CAGR of 5.5 percent by 2022-2032.

What’s driving this growth can be attributed to several factors, which are laid out in the report.

By this year, the global lactose-free dairy market is expected to reach a valuation of $13.5 billion

According to Future Market Insights, these drivers include—but are not limited to—the following:

  • Rise in organic food and beverage consumption is driving the lactose-free dairy products market
  • Mature market for lactose-free dairy products and a well-aware consumer base is anticipated to boost the growth of new offerings of lactose-free dairy products
  • Prevalence of lactose intolerance in the Latino population is driving consumers toward lactose-free solutions in dairy products
  • Improving global economics is triggering consumer preference for premium products such as lactose-free dairy product
  • High lactose intolerant population in certain regions is expected to create good potential for lactose-free dairy products

The forecast for this market has been segmented into organic and conventional segments, as the report stated. The global lactose-free dairy products market is expected to be dominated by the conventional segment over the forecast period owing to its competitive price point. In terms of value, the organic segment is anticipated to witness high CAGR growth over the forecast period as a result of increasing demand for organic products across the globe.

The rise in organic food and beverage consumption and high lactose intolerant population in certain regions are contributing to the increased demand for lactose-free dairy products

The products are segmented into type, such as milk, yogurt, ice cream, butter, etc. The milk segment is anticipated to witness comparatively high growth over the forecast period owing to increased demand in the global market.

To see more insights from the report, click here.

As always, be sure to check in with Deli Market News for the latest in specialty updates.

Future Market Insights
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