The India Lactose Free Dairy Products Market is projected to grow at a CAGR of 7% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market growth attributes principally to the growing number of people self-diagnosing lactose intolerants and prepping the demand for lactose-free dairy products like milk, cheese, yogurt, ice cream, and others like cream, condensed milk, etc.
It, in turn, is also generating growth opportunities for the leading players to increase their production & distribution capacities throughout the country and cater to the rising needs of the people. Besides, as people are becoming more aware of the presence of lactose-free dairy products exhibiting essential nutrients like calcium & vitamins and fulfilling unmet needs, the popularity & inclination toward these products are rising too and stimulating the overall market growth.
Furthermore, with increasing awareness among people about the availability of these products, the leading players are widening their distribution capabilities to expand their scalability & customer base throughout the country, further states the research report, “India Lactose Free Dairy Products Market Analysis, 2022.”
High Versatility of Milk & its Application in Food & beverages to Drive the Market
Based on the Product Type, Milk is projected to acquire the largest share of the India Lactose-Free Dairy Products Market during the forecast period. This dominance attributes to the versatile application & nutritional properties of milk in numerous food & beverages, demonstrating an accelerated demand for lactose-free milk products.
Besides, with the growing population of lactose intolerants & increasing health consciousness among people, the requirement for lactose-free milk is rising to cater to the unmet needs & address people's cravings. Such factors hint toward a presence of lucrative opportunities for the leading players to introduce a variety of milk derived from ingredients like soy, rice, almond, coconut, cashew, hazelnut, hemp, and oats, among others, and stimulate the overall market growth during the forecast period.
The leading players in the India Lactose Free Dairy Products Market are Amul, Raw Pressery, Good Mylk, Epigamia, Urban Platter, Hershey India Private Ltd., Life Health Foods (India) Pvt. Ltd. (So Good), 137 Degrees, Only Earth, and Allnut, among others.
Key Questions Answered in the Research Report