Global Lactose-Free Butter Market Analysis and Forecast, 2019-2028 – by RationalStat

WILMINGTON, Del. - Sept. 6, 2023 - PRLog -- Marketing Overview and Dynamic

The global market for lactose-free, non-dairy butter is projected to grow by around 7.5% over the 2022-2028 forecast timeframe. The growing demand for more nutritious alternatives as well as the growing incidence of lactose intolerance among people is likely to drive the demand for dairy-free milk all over the globe.

North America is expected to grow significantly in the lactose-free global butter market over the forecast time frame; the growing purchasing power of people living in this region fuels the market in the region. Europe provides a number of exciting opportunities for the sector of consumer goods that is expected to be an excellent platform for expansion of the lactose-free butter market.

Segmental Analysis

• Based on the type of butter, the unsalted segment had a large market share due to the combination of its health benefits, freshness and the growing awareness among consumers to eat less salt.
• Based on the distribution channel the e-commerce channel, which is followed by specialist stores are anticipated to grow at a quicker pace because of the accessibility and the discounts that are offered on platforms.

Competitive Analysis

The global lactose-free butter market is fragmented in nature with the presence of various players operating in the market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Partnerships and collaborations, the introduction of new variants, and the development of existing products are some of the strategies followed by industry players. Some of the key developments in the global lactose-free butter market include,

• In May 2020, Valio announced its development of solutions to reduce sugar in bakery goods, dairy products, chocolate, and ice cream.

Some of the prominent players that contribute significantly to the global lactose-free butter market include Valio Ltd., Agropur Dairy Cooperative (Natrel), Kraft Heinz Company, Kellogg Company, Cargill Inc., Morrisons Ltd., California Dairies, Inc., Johnson & Johnson Services, Inc., Arla Foods amba, Upfield, Lactalis Canada, among others.

For more information about this report visit: https://store.rationalstat.com/store/global-lactose-free-butter-market/

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.  The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store (https://store.rationalstat.com/) annually.

Contact

RationalStat LLC
Kimberly Shaw, Content and Press Manager
sales@rationalstat.com
Phone: +1 302 803 5429