Lactose-free Butter Market Sales to Attain US$ 1.8 Billion by 2033; Online Buying Gaining Rapid Traction: Fact.MR Analysis

Sales of Lactose-free Butter Rapidly Increasing Due in Parallel with the Growing Health-first Trend

Rockville, April 19, 2023 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global lactose-free butter market is valued at US$ 784.8 million in 2023 and is projected to reach US$ 1.8 billion by the end of 2033.

The lactose-free butter market has been gaining significant attention in recent years as more and more consumers are looking for dairy products that are suitable for those with lactose intolerance. Lactose intolerance is a common condition where the body is unable to fully digest lactose, a natural sugar found in milk and dairy products. This can cause discomfort, bloating, and other digestive issues for those affected by it. As a result, there has been growing demand for lactose-free alternatives, including butter, to cater to the needs of individuals who are lactose intolerant.

Get Free Sample Report to Grow Your Profit Margin:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8518

Lactose-free Butter Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2033
Growth momentum & CAGR	Accelerate at a CAGR of 9 %
Market growth 2023-2033	US$ 1.8 Billion
Market structure	Fragmented
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Key countries	US, Canada, UK, France, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Agropur Dairy Cooperative, Challenge Dairy, Parmalat S.p.A, Uelzena Ingredients, CAPSA Food, Valio Ltd., Butterfields Butter LLC, Miyoko’s Creamery, Molkerei Biedermann AG, 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
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Growing awareness of lactose intolerance and diagnosis from healthcare professionals is increasing the demand for lactose-free butter significantly. Consumers are actively seeking products that are labelled as lactose-free or have reduced lactose content, and lactose-free butter has emerged as a viable option for those who still want to enjoy the rich and creamy taste of butter without experiencing discomfort.

Consumers are becoming more conscious about the ingredients in their food and are seeking products that are made from natural, wholesome ingredients. Lactose-free butter, which is made from cream but does not contain lactose, provides a suitable option for those who follow plant-based or vegan lifestyles and are looking for a butter alternative that meets their dietary choices.

Key Takeaways from Market Study

• Global demand for lactose-free butter is predicted to increase swiftly at a CAGR of 9% from 2023 to 2033.
• North America and Europe are currently dominant markets for lactose-free butter, driven by the high prevalence of lactose intolerance in these regions.
• Asia Pacific is also emerging as a promising market for lactose-free butter suppliers with growing awareness of lactose-free dairy products and changing dietary patterns among consumers in the region.
• Demand for spreadable lactose-free butter is increasing due to its unique quality to remain softer at lower temperatures.

“Advancements in product formulations, such as texture & taste, are leading to high demand for lactose-free butter,” says a Fact.MR analyst.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8518

Competitive Analysis
Key suppliers of lactose-free butter are focusing on regional expansion to gain a large consumer base. The growing demand for lactose-free butter among consumers who are lactose intolerant presents a chance for product development in regions with strong demand and for market expansion in regions where supply is still limited.

Packaging plays an important role in the lactose-free butter market, with many manufacturers opting for convenient and sustainable packaging options to attract environmentally-conscious consumers. Along with this, key market players are also focusing on enhancing their supply chain systems and regional expansion to gain more profits.

• A Dublin-based company called Challenge Dairy Foods announced the release of lactose-free butter in December 2021 that contains avocado oil. Omega fatty acids and premium components such as fresh butter, sea salt, and unadulterated avocado oil are added to form this high-quality lactose-free butter.

Key Segments of Lactose-free Butter Industry Research

• By Product:
  • Spreadable
  • Non-spreadable
• By Type:
  • Salted
  • Unsalted
• By Nature:
  • Organic
  • Conventional
• By Source:
  • Cream
  • Milk
  • Skimmed
  • Whole
• By Application:
  • Household
  • Commercial
• By Distribution Channel:
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online
• By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

Buy this Premium Research Report | Immediate Delivery Available:
https://www.factmr.com/checkout/8518

More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the lactose-free butter market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).

The study divulges essential insights on the market based on product (spreadable, non-spreadable), type (salted, unsalted), nature (organic, conventional), source (cream, milk, skimmed, whole), application (household, commercial), and distribution channel (supermarkets/hypermarkets, specialty stores, convenience stores, online), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Lactose-free Butter Market Report

• What will be the estimated size of the Market in 2023?
• At what rate will the global Lactose-free Butter sales grow until 2033?
• Which are the factors hampering the Lactose-free Butter demand?
• Which region will spearhead the growth in the global industry during 2023-2033?
• Which are the factors driving sales in the Lactose-free Butter Market during the forecast period?

Check out more related studies published by Fact.MR Research: 
Cocoa Butter Market Demand: Consumers are perceiving the technology and process used to manufacture cocoa products with high regard. The demand for cocoa butter is growing in the segments such as dairy, frozen desserts and bakery.

Butter Market Size: Increasing demand for cooking ingredients from the foodservice industry and household consumers is the key driver of the global butter market size.

Seed Butter Market Sales: The global seed butter market sales is likely to witness rising cross the globe over the forecast period due to numerous market acumens which are positively impacting the growth trend of the seed butter market.

Fat Free Peanut Butter Market Share: The global fat free peanut butter market share is projected to experience robust growth over the forecast period with these nutritional values obtained from the consumption of fat-free peanut butter.

About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Connect to Author: Mr. Shambhu Nath Jha
Email : [email protected]
Sales Team : [email protected]
Follow Us: LinkedIn | Twitter | YouTube