Lactose-Free Butter Market

Product Overview

Global Lactose-Free Butter Market to surpass USD 858 million by 2031 from USD 430.5 million in 2021 at a CAGR of 7.1% in the coming years, i.e., 2021-31.

Lactose-free goods are preferred by most consumers because they are much healthier than standard options, while some eat them to avoid allergies or other health problems. Lactose-free butter aids in the maintenance of the lactase enzyme in the body. Lactase is an enzyme that is created in the body to break down lactose. Lactose intolerance is the inability to digest lactose found in milk and other dairy products. When ingested in any form, this intolerance causes gas, bloating, and abdominal pain. Some dietary intolerances, such as lactose intolerance, can be treated. Lactose-free milk is a simple substitute that alleviates many of the unpleasant symptoms associated with lactose intolerance.

Market Highlights

Global Lactose-Free Butter Market is expected to reach a CAGR of 7.1% by the end of 2031.

Global Lactose-Free Butter Market to surpass USD 858 million by 2031 from USD 430.5 million in 2021 at a CAGR of 7.1% in the coming years, i.e., 2021-31. Due to the development of the worldwide processed food industry, increased use of lactose-free butter and other dairy items by an aging population, and urbanization, the global lactose-free butter market is experiencing substantial growth. Furthermore, an increase in the prevalence of obesity, diabetes, and other health issues; an increase in the need for energy as a result of weight loss; and a surge in consumer preference for sugar-free, lactose-free, and gluten-free flour are some of the main factors expected to drive demand for lactose-free butter and propel the global lactose-free butter market forward.

Global Lactose-Free Butter Market: Segments

Unsalted Butter is anticipated to grow with the maximum CAGR during the forecast period 2021-31

The global lactose-free butter market is segmented into salted butter and unsalted butter based on type. During the anticipated period, the unsalted butter segment is expected to develop the fastest in the global lactose-free butter market, with a higher CAGR. There is no salt added to unsalted butter. As a result, unsalted butter lasts less time than salted butter. Unsalted butter, on the other hand, has a more natural flavor. Furthermore, unsalted butter has a more noticeable mellow sweetness than salted butter in terms of flavor.

Supermarkets and Hypermarkets segment to grow with the highest CAGR for the period 2021-31

The global lactose-free butter market has been divided into supermarkets and hypermarkets, specialty stores, online retail stores, and others based on the distribution channel. The largest category is projected to be supermarkets and hypermarkets, as these channels register for the majority of lactose-free butter sales. Convenience stores are also crucial in the dissemination of lactose-free butter.

Market Dynamics

Drivers

Growing preference and consumption of Lactose-Free Butter is augmenting the market growth

Lactose intolerance has become more common in recent years all across the world. Lactose intolerance is caused by a shortage of the enzyme lactase, which breaks down lactose into simpler sugars in the small intestine. Lactose intolerance can be caused by a dairy allergy, a disaccharide insufficiency, or a lactase deficiency. Lactose that has not been fully digested causes abdominal bloating, stomach pain, diarrhea, fatigue, sleep disruptions, vomiting, and other health issues. Lactose intolerance is estimated differently depending on ethnicity.

Rising inclination towards healthy benefits

Consumers are increasingly drawn to health-promoting items that provide nutritional benefits and are low in fat and calories. Lactose-free butter has a lower fat and calorie content than regular butter. As a result, customers prefer lactose-free butter to dairy butter, which has an impact on global demand for such products.

Restraint

High cost associated with the Lactose-Free Butter

Normal milk is treated with lactase enzymes to make lactose-free milk, while natural milk is treated with ultra-high temperature (UHT) technique. These techniques help to extend the shelf life of milk and enhance its consistency. Lactase enzymes break down the lactose disaccharide into glucose and galactose, two simple sugars. This process of converting natural milk into lactose-free milk raises the price of lactose-free goods, making them unaffordable to the general public and limiting market expansion.

Global Lactose-Free Butter Market:

Key Players

• The Kraft Heinz Company

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• The Hain Celestial Group, Inc.
• Cargill Inc.
• Corbion Inc.
• Kerry Group PLC
• Ingredion Incorporated
• Chr Hasen A/S
• Dupont
• Kellogg Company
• General Mills, Inc.
• Other Prominent Players

Global Lactose-Free Butter Market: Regions

North America, Europe, Asia-Pacific, and the Rest of the World are the four regions that make up the global lactose-free butter market. Europe had the greatest market share percent. North America was the second-largest market, and it is expected to increase at a faster-than-average rate during the review period. During the projected period, the market in Asia-Pacific is expected to grow at the fastest rate.

Impact of COVID-19 on Lactose-Free Butter Market

COVID-19 has had a direct impact on the distribution and sales of various items across industries. To stop the virus from spreading, many countries were put on lockdown and their borders were sealed. COVID-19's logistical impact has interrupted the supply of raw materials, resulting in reduced manufacturing capacity and, as a result, product shortages. In the short term, these factors are projected to raise the price of lactose-free butter. Lactose-free butter is also commonly purchased by lactose-intolerant people who want to reap the nutritional benefits of milk. Consumers are being encouraged to consume items with significant nutritional advantages as a result of the present pandemic scenario, which is increasing demand.

Global Lactose-Free Butter Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States, Mexico, and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, Japan, New Zealand, Australia, and Rest of APAC
• The Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – South Africa, UAE, and Rest of MENA

Global Lactose-Free Butter Market report also contains analysis on:

Lactose-Free Butter Market Segments:

• By Type
  • Salted Butter
  • Unsalted Butter
• By Application
  • Household
  • Commercial
• By Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail Stores
  • Others
• Lactose-Free Butter Market Dynamics
• Lactose-Free Butter Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Lactose-Free Butter Market Report Scope and Segmentatio

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