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

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

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.

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