Lactose Free Butter Market Size Worth $501.18 Million by 2032 | CAGR: 5.99%

Lactose Free Butter Market Size Worth $501.18 Million by 2032 | CAGR: 5.99%


The global lactose free butter market size is expected to reach USD 501.18 million by 2032, according to a new study by Polaris Market Research. The report “Lactose Free Butter Market Share, Size, Trends, Industry Analysis Report, By Application (Household and Commercial); By End-Use; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global trend of increased health consciousness, with significant increase in the number of consumers seeking healthier food options and surging product adoption as a healthier alternative to traditional butter for individuals with lactose intolerance or want to reduce their overall intake of lactose, are prominent factors boosting the global market growth. In addition, food allergies are becoming more prevalent globally, and individuals with dairy allergies or sensitivities are looking for alternatives to traditional dairy products, hence manufacturers are developing dairy-free products to cater the demand of the segment in the coming years.

For instance, in June 2023, Naturli, introduced its plant-based butter in the US market and will be available in HEB stores throughput the Texas. The product will be basically available in 2 formats European Style Plant Butter Block & Plant Butter Spread made with the ingredients like almond, canola oil, cocoa butter, and carrot juice.

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As awareness of lactose intolerance grows globally, key product manufacturers are exploring international markets and export opportunities to expand their customer base to meet the increasing demand for lactose-free alternatives in various countries and expand their geographical reach, which further opens up significant growth opportunities for lactose-free butter brands operating globally.

Developments in analytical techniques such as high-performance liquid chromatography and lactose testing kits, which enable manufacturers to accurately measure and monitor lactose levels in butter products and ensure compliance with lactose-free standards and help maintain product consistency and quality, is also likely to have positive impact on the demand and growth of the global market.

Lactose Free Butter Market Report Highlights

  • Household segment accounted of global market share in 2022, on account of increasing prevalence of lactose intolerance and higher product demand in developing economies
  • Retail or household sector led the industry market with substantial revenue share in 2022, mainly due to growing product adoption as an effective alternative to traditional butter
  • Online retail stores segment is projected to grow at healthy CAGR over the forecast period, mainly attributable to rising number of companies focusing on establishing their strong online presence
  • North America held the largest share due to presence of well-developed distribution and retail network for food products mainly in countries like US and Canada
  • The global players include Kerry Group, Ingredion, Kellogg Company, General Mills, DuPont Company, Kraft Heinz Company, and Cargill Inc.

Polaris Market Research has segmented the lactose free butter market report based on application, end-use, distribution channel, and region:

Lactose Free Butter, Application Outlook (Revenue - USD Million, 2023 - 2032)

  • Household
  • Commercial

Lactose Free Butter, End-Use Outlook (Revenue - USD Million, 2023 - 2032)

  • Retail or Household Sector
  • Food Industry
  • Meat Products Industry
  • Infant Formula Industry
  • Bakery & Confectionery Industry
  • Others

Lactose Free Butter, Distribution Channel Outlook (Revenue - USD Million, 2023 - 2032)

  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Online Retail Stores
  • Others

Lactose Free Butter, Regional Outlook (Revenue - USD Million, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Lactose Free Butter Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 296.85 million

Revenue forecast in 2032

USD 501.18 million

CAGR

5.99% from 2022 – 2030

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Application, By End-Use, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Parmalat S.p.A., Uelzena Ingredients, CAPSA Foods Company, Valio Ltd., Butterfields Butter LLC, Miyoko’s Creamery, Molkerei Biedermann AG, The Hain Celestial Group Inc., Cargill Inc., Corbion Inc., Kerry Group PLC, Ingredion Incorporated, DuPont Company, Kellogg Company, General Mills Inc., Agropur Dairy Cooperative, Challenge Dairy Company, and The Kraft Heinz Company.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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