The lactose-free butter market is forecasted to grow by USD 121.4 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the lactose-free butter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness of lactose-intolerant conditions, growing health consciousness among people, and rising demand for natural and organic food products.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.48%
CAGR
7.08%
Incremental Value
$121.4 mn
Technavio's lactose-free butter market is segmented as below:
By Application
Household
Commercial
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increasing number of organized retailing outlets worldwide as one of the prime reasons driving the lactose-free butter market growth during the next few years. Also, large-scale promotion of organic foods and growing popularity of E-commerce channels will lead to sizable demand in the market.
The report on the lactose-free butter market covers the following areas:
Lactose-free butter market sizing
Lactose-free butter market forecast
Lactose-free butter market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lactose-free butter market vendors that include Arla Foods amba, California Dairies Inc., Cargill Inc., Chr Hansen Holding AS, Conagra Brands Inc., Corbion nv, General Mills Inc., Ingredion Inc., International Flavors and Fragrances Inc., Johnson and Johnson Services Inc., Kellogg Co., Kerry Group PLC, Miyokos Creamery, Redwood Hill Farm and Creamery Inc., The Hain Celestial Group Inc., Uelzena eG, Upfield B.V, Valio Ltd, and Wm Morrison Supermarkets Ltd.. Also, the lactose-free butter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Lactose-Free Butter Market 2018 - 2022
Historic Market Size - Data Table on Global Lactose-Free Butter Market 2018 - 2022 ($ million)