Lactose-Free Butter Market Size to Grow by USD 111.14 million, Vendors to Deploy Organic and Inorganic Growth Strategies – Technavio – QNT Press Release

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NEW YORK , Sept. 26, 2022 /PRNewswire/ — The lactose-free butter market is fragmented due to the presence of a large number of vendors. Vendors are deploying organic and inorganic growth strategies to compete in the market. Vendors compete on factors such as price, quality, marketing strategies, innovations, market expansion, and distribution networks. They adopt various growth strategies to expand their profits and market shares and stay competitive. The increasing demand for different flavors of lactose-free butter has widened the scope of growth for vendors across the world. In addition, product innovation has been a major competitive strategy in this market . Thus, the launch of innovative products in the market will intensify the competition in the global lactose-free butter market.

The global lactose-free butter market size is expected to grow by USD 111.14 million from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 6.54% during the forecast period.

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The growing awareness about lactose-intolerant conditions is driving the growth of the lactose-free butter market. However, factors such as limited awareness and high prices may challenge the market growth during the forecast period.

Parent Market Analysis

Technavio categorizes the global lactose-free butter market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. The growth of this market is driven by factors such as health benefits associated with intake of minimally processed food, increasing demand for processed vegetables, strong distribution network, private label marketplace, increased offerings of packaged food under the halal category, the increasing popularity of superfruits, and rise in online sales. However, factors such as the threat from unorganized players and intense competition among vendors, lack of awareness of the difference between minimally and heavily processed vegetables, stringent food safety regulations, and increasing food allergy among consumers.

Major Lactose-Free Butter Companies

• Arla Foods amba
• California Dairies Inc.
• Cargill Inc.
• Chr Hansen Holding AS
• Conagra Brands Inc.
• Corbion NV
• General Mills Inc.
• Ingredion Inc.
• International Flavors and Fragrances Inc
• Johnson and Johnson
• Kellogg Co.
• Kerry Group Plc
• Miyokos Creamery
• Morrison Supermarkets Ltd.
• Redwood Hill Farm and Creamery Inc.
• The Hain Celestial Group Inc.
• Uelzena eG
• Upfield BV
• Valio Ltd

Lactose-Free Butter Market Application Outlook (Revenue, USD mn, 2021-2026)

• Household – size and forecast 2021-2026
• Commercial – size and forecast 2021-2026

Lactose-Free Butter Market Geography Outlook (Revenue, USD mn, 2021-2026)

• North America – size and forecast 2021-2026
• Europe – size and forecast 2021-2026
• APAC – size and forecast 2021-2026
• South America – size and forecast 2021-2026
• Middle East and Africa – size and forecast 2021-2026

Learn about the contribution of each segment of the lactose-free butter market during the forecast period. The segment shares are summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

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