PUBLISHER: Grand View Research | PRODUCT CODE: 1554217
PUBLISHER: Grand View Research | PRODUCT CODE: 1554217
The global lactose-free butter market is expected to reach USD 458.9 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 5.7% over the forecast period. The growing popularity of vegan diets and the prevalence of lactose intolerance are driving the demand for lactose-free butter, a trend expected to continue in the near future. However, the relatively high cost of lactose-free butter presents a challenge. Lower-priced alternatives such as fruit jam and margarine, which offer similar nutritional benefits, can influence consumer behavior and deter purchases of lactose-free butter.
Despite these challenges, the increased number of product launches in the market is a positive development. Many manufacturers are focusing on this sector, creating opportunities to meet consumer preferences for non-dairy or lactose-free options. These products are considered safer and healthier for those with lactose intolerance or allergies, as they contain lower amounts of saturated fat and help maintain lactase enzyme levels in the body. Lactase is essential for digesting lactose, and its deficiency can lead to symptoms like gas, bloating, and abdominal pain. Lactose-free products, including butter, help alleviate these symptoms by providing an alternative for those who struggle with lactose digestion. For instance, in June 2023, Danish vegan brand Naturli' launched its award-winning plant-based butter in U.S. retail stores for the first time. The butter, which is palm oil-free, will be available in two formats: the European Style Plant Butter Block and Plant Butter Spread. Made with ingredients like cocoa butter, almond butter, canola oil, and carrot juice.
Lactose intolerance is a widespread and often distressing condition, affecting approximately 75% of people worldwide. This prevalence presents a significant growth opportunity for lactose-free butter in the global market. While some studies suggest that individuals with lactose intolerance can tolerate small amounts of regular butter, the availability of lactose-free butter allows them to enjoy butter in larger quantities without discomfort.