Published Date : 17 Sep 19 | Views: 176 | Industry : Food & Beverages
Online sales channel to accelerate the growth of
global Lactose Free Dairy Product market
The global
Lactose Free Dairy Products market is mainly categorized into three segments
such as by type, by sales channel, and by nature. By type, the market is
further segmented into milk powder, cheese and yogurt, milk, and butter.
Because of the high valuation, yogurt segment is expected to take a lead in the
global market. Conventional and organic are the segments of the market by
nature. Conventional Lactose Free Dairy Products are projected to grab a
prominent share in the market across the globe.
By sales
channel, the global lactose free dairy products market is segmented into
departmental stores, hypermarket/supermarket, online, and specialty stores.
Online segment could emerge as a popular segment in the global Lactose Free
Dairy Products market due to internet penetration and increasing online
shopping.
North America is likely to hold a prominent share in
the global market
North America is
the region with a large number of lactose intolerant people this could be one
of the reasons to attract demand for Lactose Free Dairy Products in the
upcoming years. Apart from North America, Western Europe is also anticipated to
witness heavy growth in the global Lactose Free Dairy Products market. Western
Europe manufactures a large quantity of Lactose Free Dairy Products. Rising incidence
of lactose intolerance in China and Japan and awareness about health benefits
associated with these products are supporting Asia Pacific to collect a
substantial share in the global market.
Manufacturers are predicted to add private labeled
products to enlarge their product portfolio
Some of the
leading manufacturers operating in the global Lactose Free Dairy Products
market are Nestlé S.A., Green Valley Creamery, The Danone Company Inc., Valio
International, Cabot Creamery Cooperative Inc., DSM N.V., Saputo Inc., Arla
Foods, Alpro Ltd., and McNeil Nutritionals LLC. Companies are foreseen to add
different private labeled product under their portfolio in the years to come.
Manufacturers are expected to enter into partnerships and agreements with local
retailers to maintain a strong position in the global market.
Limitations of plant-based dairy products to
supplement global Lactose Free Dairy Products market growth
Dairy products
are highly consumed by people around the world. Nevertheless, alternative dairy
products like plant-based products are less popular as compared to normal dairy
products. Additionally, limitations in the usage of plant-based dairy products
over culinary cooking is another factor for augmenting the demand for Lactose
Free Dairy Products in the worldwide market. Per capita expenditure on dairy products
in developing as well as developed nations to boost the growth of the global
Lactose Free Dairy Products market.
Reasons behind
the high popularity of Lactose Free Dairy Products are enhanced bio-availability
and easy digestibility. However, strong competition from dairy alternatives
such as nuts and cereals could decrease market growth globally. Increasing
vegan population is also responsible for hampering the growth of the global Lactose
Free Dairy Products market.