Technavio, a leading provider of market research reports, has released its latest study on Lactose-Free Butter Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. In the global market for lactose-free butter, organized retailing outlets play a pivotal role in distribution and marketing. Convenience stores, supermarkets, hypermarkets, and specialty stores are the primary channels for selling fresh and ready-to-consume packaged lactose-free butter. Vendors heavily rely on these retailers for efficient distribution and increased market visibility. Notable organized retailing chains, such as Walmart and Meijer, Inc., offer lactose-free butter worldwide, providing new entrants with valuable distribution opportunities. Organized retailing has facilitated the growth of the lactose-free butter market by expanding its reach and accessibility.
The global lactose-free butter market size is estimated to grow by USD 121.4 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.08% during the forecast period. Growing awareness of lactose-intolerant conditions is driving market growth, with a trend towards increasing number of organized retailing outlets worldwide However, limited awareness and high price poses a challenge.Key market players include Arla Foods amba, California Dairies Inc., Cargill Inc., Chr Hansen Holding AS, Conagra Brands Inc., Corbion nv, General Mills Inc., Ingredion Inc., International Flavors and Fragrances Inc., Johnson and Johnson Services Inc., Kellogg Co., Kerry Group Plc, Miyokos Creamery, Redwood Hill Farm and Creamery Inc., The Hain Celestial Group Inc., Uelzena eG, Upfield B.V, Valio Ltd, and Wm Morrison Supermarkets Ltd..
Know what is trending in the market - Access a free sample report!
The global packaged foods and meats market encompasses vendors engaged in the production and processing of foods and meats to ensure food safety and extend shelf life. According to Technavio, the market's size is determined by the consolidated revenue of the participating industry players. This market segment excludes manufacturers of food processing machinery and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the global packaged foods and meats market include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.
The Lactose-Free Butter Market is experiencing significant growth, fueled by the Growing awareness of lactose-intolerant conditions. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
For insights on company offerings- Request a sample report!
The Lactose-Free Butter market represents a significant business opportunity for dairy companies, as the lactose intolerant population continues to grow. This segment is poised for robust expansion due to increasing consumer awareness and demand for lactose-free alternatives. Market trends indicate a shift towards dairy-free and lactose-free products, making it imperative for businesses to invest in this sector. The Lactose-Free Butter market is projected to witness substantial growth, driven by rising health consciousness, expanding consumer base, and technological advancements in production processes.
Title: Lactose-Free Butter: A Healthier Option for Diabetes, Aging Population, and Those with Lactose Intolerance in the Processed Food Industry The processed food industry is continually evolving to meet the nutritional needs of various consumer groups. One such segment is the lactose-free butter market, which caters to individuals with lactose intolerance, diabetes, and older adults. Lactose intolerance, a condition where the body lacks the lactase enzyme to digest lactose, can cause symptoms like abdominal pain, bloating, and gas. Diabetes and aging populations are other significant markets for lactose-free butter. Diabetes patients must monitor their carbohydrate intake, making dairy foods like butter a challenge. However, lactose-free butter offers a solution, as it contains little to no lactose. Similarly, the aging population often experiences digestive issues, making lactose-free butter a healthier option. Food service operators and retailers are increasingly offering lactose-free butter for various uses, including cooking, baking, and spreading. The market also includes flavored and low-fat options, catering to diverse consumer preferences. Additionally, the rise of veganism and dairy product alternatives has led to the development of lactose-free vegan butter. Overall, the lactose-free butter market is an essential segment in the processed food industry, addressing the needs of various consumer groups.
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/