The latest update of “Global Lactose-Free Butter Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Lactose-free Butter Market.
Overview of the Lactose-Free Butter Market:
Lactose-free butter is usually made for people with lactose intolerance or people requiring healthy diet. In recent years, lactose-free butter has become a popular alternative to regular butter. These products help maintain the levels of lactase enzyme, which breaks down lactose in the human body. Many people with lactose intolerance experience abdominal pain, gas, and bloating. This product opens the door for millions of families affected by this problem. Lactose-free Butter can be used in countless recipes, including butter crust for pies and sauces, holiday cookies and baking, and other dishes. The global Lactose-free butter market has experienced a rise in disposable income and the promotion of organic foods. Increasing urbanization and the growing working population has resulted in a higher demand for nutritious food.
Market Drivers:
Rising consumption of Lactose-free butter and other dairy products by geriatric population as well as increasing urbanization is expected to boost growth of the global Lactose-free butter market during the forecast period. In 2021, Maeli Diaries in Korea launched a powdered milk product to help geriatric population consuming calcium and vitamin D comfortably. The company made the product with nearly 40% of Valio Eila NUTRi F+ Lactose-free formulated milk protein powder.
Moreover, increasing cases of obesity, diabetes, and other health problems, as well as growing need for energy with weight management is also expected to propel growth of the global Lactose-free butter market during the forecast period.
Market Restraints:
Comparatively high cost of Lactose-free butter, and lack of awareness about the benefits of dairy products free from lactose is expected hinder growth of the global Lactose-free butter market during the forecast period.
Regional Insights:
North America is expected to witness robust growth in the global Lactose-free butter market during the forecast period due to higher number of lactose intolerance people driving the demand for Lactose-free butter. Moreover, Asia Pacific is also expected to witness strong growth in the global Lactose-free butter market, owing to growing food and beverage industry in South Asia and increasing urbanization in the region.
Competitive Sections:
Key players functioning in the global Lactose-free butter market are Molkerei Biedermann AG, Agropur Dairy Cooperative, Miyoko’s Creamery, Challenge Dairy, Butterfields Butter LLC, Parmalat S.p.A, Valio Ltd., Uelzena Ingredients, and CAPSA Food.
In August 2021, Miyoko’s Creamery, the company who initiated the vegan cheese and butter movement, announced the US$ 52 Mn Series C funding raising, to advance the product innovation and distribution for capitalizing in the market.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Lactose-free Butter Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Lactose-free Butter Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Arla Foods amba (Denmark)
- Conagra Brands Inc. (US)
- Green Valley Creamery (US)
- California Dairies Inc. (US)
- Valio Ltd (Finland)
- Upfield (Netherlands)
- Johnson & Johnson Services Inc. (US)
- Lactalis Canada (Canada)
- OMIRA GmbH (Germany)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Lactose-free Butter Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Salted butter
- Unsalted butter
By Applications, the market is segmented into:
- Store-Based
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Lactose Free Butter Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Lactose Free Butter Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Lactose Free Butter Market
1.6.1 How the Covid-19 is Affecting the Lactose Free Butter Market
1.6.1.1 Lactose Free Butter Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Lactose Free Butter Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Lactose Free Butter Market Perspective (2015-2028)
2.2 Lactose Free Butter Market Growth Trends by Regions
2.2.1 Lactose Free Butter Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Lactose Free Butter Market Historic Market Share by Regions (2015-2021)
2.2.3 Lactose Free Butter Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Lactose Free Butter Market Growth Strategy
2.3.6 Primary Interviews with Key Lactose Free Butter Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Lactose Free Butter Market Players by Market Size
3.1.1 Global Top Lactose Free Butter Market Players by Revenue (2015-2021)
3.1.2 Global Lactose Free Butter Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Lactose Free Butter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Lactose Free Butter Market Concentration Ratio
3.2.1 Global Lactose Free Butter Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Lactose Free Butter Market Revenue in 2019
3.3 Lactose Free Butter Market Key Players Head office and Area Served
3.4 Key Players Lactose Free Butter Market Product Solution and Service
3.5 Date of entering into Lactose Free Butter Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Lactose Free Butter Market Historic Market Size by Type (2015-2021)
4.2 Global Lactose Free Butter Market Forecasted Market Size by Type (2021-2028)
5 Lactose Free Butter Market Breakdown Data by Application (2015-2028)
5.1 Global Lactose Free Butter Market Size by Application (2015-2021)
5.2 Global Lactose Free Butter Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Lactose Free Butter Market Size (2015-2021)
6.2 Lactose Free Butter Market Key Players in North America (2019-2021)
6.3 North America Lactose Free Butter Market Size by Type (2015-2021)
6.4 North America Lactose Free Butter Market Size by Application (2015-2021)
7 Europe
7.1 Europe Lactose Free Butter Market Size (2015-2021)
7.2 Lactose Free Butter Market Key Players in Europe (2019-2021)
7.3 Europe Lactose Free Butter Market Size by Type (2015-2021)
7.4 Europe Lactose Free Butter Market Size by Application (2015-2021)
8 China
8.1 China Lactose Free Butter Market Size (2015-2021)
8.2 Lactose Free Butter Market Key Players in China (2019-2021)
8.3 China Lactose Free Butter Market Size by Type (2015-2021)
8.4 China Lactose Free Butter Market Size by Application (2015-2021)
9 Japan
9.1 Japan Lactose Free Butter Market Size (2015-2021)
9.2 Lactose Free Butter Market Key Players in Japan (2019-2021)
9.3 Japan Lactose Free Butter Market Size by Type (2015-2021)
9.4 Japan Lactose Free Butter Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Lactose Free Butter Market Size (2015-2021)
10.2 Lactose Free Butter Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Lactose Free Butter Market Size by Type (2015-2021)
10.4 Southeast Asia Lactose Free Butter Market Size by Application (2015-2021)
11 India
11.1 India Lactose Free Butter Market Size (2015-2021)
11.2 Lactose Free Butter Market Key Players in India (2019-2021)
11.3 India Lactose Free Butter Market Size by Type (2015-2021)
11.4 India Lactose Free Butter Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Lactose Free Butter Market Size (2015-2021)
12.2 Lactose Free Butter Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Lactose Free Butter Market Size by Type (2015-2021)
12.4 Central & South America Lactose Free Butter Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Lactose Free Butter Market Introduction
13.4 Lactose Free Butter Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Lactose Free Butter Market Key Market Segments
Table 2. Key Players Covered: Ranking by Lactose Free Butter Market Revenue
Table 3. Ranking of Global Top Lactose Free Butter Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Lactose Free Butter Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Lactose Free Butter Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Lactose Free Butter Market Players to Combat Covid-19 Impact
Table 10. Global Lactose Free Butter Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Lactose Free Butter Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Lactose Free Butter Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Lactose Free Butter Market Share by Regions (2015-2021)
Table 14. Global Lactose Free Butter Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Lactose Free Butter Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Lactose Free Butter Market Growth Strategy
Table 20. Main Points Interviewed from Key Lactose Free Butter Market Players
Table 21. Global Lactose Free Butter Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Lactose Free Butter Market Share by Players (2015-2021)
Table 23. Global Top Lactose Free Butter Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Lactose Free Butter Market as of 2019)
Table 24. Global Lactose Free Butter Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Lactose Free Butter Market Product Solution and Service
Table 27. Date of entering into Lactose Free Butter Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 30. Global Lactose Free Butter Market Size Share by Type (2015-2021)
Table 31. Global Lactose Free Butter Market Revenue Market Share by Type (2021-2028)
Table 31. Global Lactose Free Butter Market Size Share by Application (2015-2021)
Table 33. Global Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 34. Global Lactose Free Butter Market Size Share by Application (2021-2028)
Table 35. North America Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Lactose Free Butter Market Share (2019-2021)
Table 37. North America Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 38. North America Lactose Free Butter Market Share by Type (2015-2021)
Table 39. North America Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 40. North America Lactose Free Butter Market Share by Application (2015-2021)
Table 41. Europe Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Lactose Free Butter Market Share (2019-2021)
Table 43. Europe Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Lactose Free Butter Market Share by Type (2015-2021)
Table 45. Europe Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Lactose Free Butter Market Share by Application (2015-2021)
Table 47. China Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Lactose Free Butter Market Share (2019-2021)
Table 49. China Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 50. China Lactose Free Butter Market Share by Type (2015-2021)
Table 51. China Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 52. China Lactose Free Butter Market Share by Application (2015-2021)
Table 53. Japan Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Lactose Free Butter Market Share (2019-2021)
Table 55. Japan Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Lactose Free Butter Market Share by Type (2015-2021)
Table 57. Japan Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Lactose Free Butter Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Lactose Free Butter Market Share (2019-2021)
Table 61. Southeast Asia Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Lactose Free Butter Market Share by Type (2015-2021)
Table 63. Southeast Asia Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Lactose Free Butter Market Share by Application (2015-2021)
Table 65. India Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Lactose Free Butter Market Share (2019-2021)
Table 67. India Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 68. India Lactose Free Butter Market Share by Type (2015-2021)
Table 69. India Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 70. India Lactose Free Butter Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Lactose Free Butter Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Lactose Free Butter Market Share (2019-2021)
Table 73. Central & South America Lactose Free Butter Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Lactose Free Butter Market Share by Type (2015-2021)
Table 75. Central & South America Lactose Free Butter Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Lactose Free Butter Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Lactose Free Butter Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Lactose Free Butter Market Share by Type: 2021 VS 2028
Figure 2. Global Lactose Free Butter Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Lactose Free Butter Market Report Years Considered
Figure 8. Global Lactose Free Butter Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Lactose Free Butter Market Share by Regions: 2021 VS 2028
Figure 10. Global Lactose Free Butter Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Lactose Free Butter Market Share by Players in 2019
Figure 13. Global Top Lactose Free Butter Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Lactose Free Butter Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Lactose Free Butter Market Revenue in 2019
Figure 15. North America Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Lactose Free Butter Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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