Lactose-Free Butter Market: By Type (Salted Butter, Unsalted Butter), By Application (Household, Commercial), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail Stores, Others) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
Lactose-Free Butter Market: By Type (Salted Butter, Unsalted Butter), By Application (Household, Commercial), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail Stores, Others) And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
PRODUCT OVERVIEW
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
Rising inclination towards healthy benefits
Restraint
High cost associated with the Lactose-Free Butter
GLOBAL LACTOSE-FREE BUTTER MARKET:
Key Players
Lactose-Free Butter Market Segments:
PRODUCT OVERVIEW
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
Rising inclination towards healthy benefits
Restraint
High cost associated with the Lactose-Free Butter
GLOBAL LACTOSE-FREE BUTTER MARKET:
Key Players
- The Kraft Heinz Company
- 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
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
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1 EXECUTIVE SUMMARY
2 GLOBAL LACTOSE-FREE MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 GLOBAL LACTOSE-FREE MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 GLOBAL LACTOSE-FREE MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 GLOBAL LACTOSE-FREE MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S., Mexico, and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (South Africa, UAE, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Salted, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Unsalted, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Application: Market Share (2020-2031F)
12.3.1. Household, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Commercial, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Distribution Channel: Market Share (2020-2031F)
12.4.1. Supermarkets and Hypermarkets, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Specialty Stores, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. Online Retail Stores, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.4. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. The Kraft Heinz Company
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. The Hain Celestial Group, Inc.
13.3. Cargill Inc.
13.4. Corbion Inc.
13.5. Kerry Group PLC
13.6. Ingredion Incorporated
13.7. Chr Hasen A/S
13.8. Dupont
13.9. Kellogg Company
13.10. General Mills, Inc.
13.11. Other Prominent Players
14 CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2 GLOBAL LACTOSE-FREE MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3 RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4 AVERAGE PRICING ANALYSIS
5 MACRO-ECONOMIC INDICATORS
6 MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7 CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8 RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9 RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10 GLOBAL LACTOSE-FREE MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11 GLOBAL LACTOSE-FREE MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12 GLOBAL LACTOSE-FREE MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S., Mexico, and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (South Africa, UAE, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Type: Market Share (2020-2031F)
12.2.1. Salted, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Unsalted, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Application: Market Share (2020-2031F)
12.3.1. Household, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Commercial, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4. By Distribution Channel: Market Share (2020-2031F)
12.4.1. Supermarkets and Hypermarkets, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.2. Specialty Stores, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.3. Online Retail Stores, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.4.4. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. The Kraft Heinz Company
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. The Hain Celestial Group, Inc.
13.3. Cargill Inc.
13.4. Corbion Inc.
13.5. Kerry Group PLC
13.6. Ingredion Incorporated
13.7. Chr Hasen A/S
13.8. Dupont
13.9. Kellogg Company
13.10. General Mills, Inc.
13.11. Other Prominent Players
14 CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
