Lactose intolerance is becoming increasingly common among people across the world, including in countries like India. Hence, the demand for lactose-free dairy products is escalating swiftly to provide the essential nutrients of regular dairy products to those who are unable to digest lactose. These nutrients principally include calcium & vitamins.
As the population of lactose intolerance is escalating in India, the demand for such products currently has a wide & growing health appeal to consumers. Over the years, the quality & product portfolio of lactose-free dairy products has expanded, and numerous companies have actively contributed to the industry expansion, allowing the consumers more tempting products. Hence, this industry is booming and is one of the fastest growing sectors in the dairy industry in India.
The India Lactose Free Dairy Products Market is projected to grow at a CAGR of around 7% during the forecast period, i.e., 2022-27. The market is driven by the rapidly increasing population of lactose intolerants, upsurging the demand for lactose-free dairy products to cater to their unmet needs and cravings. It, in turn, is also generating growth opportunities for the leading players to increase their production & distribution capacities to cater to the burgeoning demands across India.
|Study Period||Historical Data: 2017-2020|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North, South, East, West, Northeast|
|Key Companies Profiled||Amul, Raw Pressery, Good Mylk, Epigamia Urban Platter, Hershey India Private Ltd., Life Health Foods (India) Pvt. Ltd. (So Good), 137 Degrees, Only Earth, Allnut, Others.|
|Unit Denominations||USD Million/Billion|
Besides, as people are becoming more aware of the availability of these products, the demand & sales are escalating across different distribution channels and positively influencing the market. Moreover, as the consumer base for lactose intolerants is vast, the competition in this industry is growing stiff, and in turn, demonstrating a presence of numerous products ranging different content & composition and driving the market.
Furthermore, increasing health consciousness among people exemplifies a swift inclination toward products like almond & soy milk and yogurt, among others, thereby escalating the demand for the easy availability & affordability of lactose-free products and generating opportunities for the leading players through 2027.