The global lactose-free products market size is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7% during the forecast period. The demand for lactose-free products is increasing significantly due to the rise in lactose intolerant population across the globe. Moreover, the rise in the consumption of clean label food products is one of the major factors encouraging the growth of the lactose-free organic products market globally.
Key players in this market include The Coca-Cola Company (US), GCMMF (India), Nestle (Switzerland), Danone Company S.A (France), Valio Ltd. (Finland), General Mills (US), Johnson & Johnson Services, Inc. (US), Lifeway Foods Inc. (US), LALA U.S (US), Dean Foods (US), Organic Valley (US), Dairy Farmers of America (US), Shamrock Foods (US), Saputo Inc. (Canada), Prairie Farms Dairy (US), Agri-Mark, Inc. (US), Smith Foods, Inc. (US), Meggle Group GMBH (Germany), Drums Food International Pvt Ltd. (India), and Granlatta Societa Cooperative Agricola ARL (Italy).
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The Coca-Cola Company (US) is a global leader in the development of wide range of lactose-free products. The country has production units pin over 100 locations and 100 Research and Development units.
The Coca-Cola Company (US) recent acquisition of Fairlife LLC (US) has led to the increased brand and product portfolio and reach to international customers. The company focuses on offering beverages rich in nutrition for fulfilling the changing demands of consumers. Coca-Cola is introducing drinks, such as coconut water, organic tea, and purified water and juices. It focuses on introducing plant-based and dairy beverages. The Coca-Cola Company introduced dairy beverages through its subsidiary Fairlife LLC (US).
Danone Company S.A (France) is one of the major players in the lactose-free products markets. The company majorly offers lactose-free milk and yogurt under its brand name Activia. The company has 130 locations worldwide, due to which it holds a leading position in the global market. It records 52% of the sales through essential dairy and plant-based products. The company is growing significantly in European region mainly in countries like France, Germany, and Italy. It also has a strong presence in the North American region.
Lactose-Free Products Market by Type (Milk, Cheese, Yogurt, Ice-cream, Confectionery products), Form (Lactose-free, No added sugar/ Reduced sugar claims, Reduced lactose), Category (Organic, Inorganic), and Region - Global Forecast to 2025
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