Market Definition
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.
Market Insights
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-2020 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 7% |
| 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.
Market Segmentation
Based on Type:
Here, Milk is anticipated to dominate the India Lactose-Free Dairy Products Market with the largest share during the forecast period. It owes principally to milk being a prominent ingredient in numerous food & beverages, augmenting the demand for lactose-free milk products to meet unmet requirements and address people's cravings. Hence, several leading players are introducing a variety of milk derived from ingredients like soy, rice, almond, coconut, cashew, hazelnut, hemp, and oats, among others.
Moreover, growing health consciousness & awareness among people about the richness of lactose-free products in protein, calcium, phosphorus, vitamin B12, riboflavin, & vitamin D, among others, are also demonstrating a rising inclination of people toward these products. Furthermore, lactose-free milk is sweeter than regular milk due to the added lactase that helps in breaking down lactose into two sugar forms, glucose & galactose. This adds up to another factor driving the sales of lactose-free milk across India and stimulating market growth.
Based on Sales Channel:
Among all, Business-to-Consumer (B2C) is anticipated to demonstrate the fastest growth in the India Lactose-Free Dairy Food Products Market, where the Online channel shall have a significant contribution to the market growth. It owes principally to B2C channels being a primary source of shopping among people, enabling them to choose from an extensive range of options at their convenience.
Besides, the growing encouragement from the government toward adopting digitalization has boosted many companies to shift to online platforms for sales. It, in turn, is complemented by the escalating internet penetration, stimulating the popularity of online shopping for lactose-free dairy products.
Furthermore, with an extensive variety of products ranging in different budgets, contents, brands, offers, and deals, alongside services like doorstep delivery, easy finances, and more, the sales of lactose-free dairy products are expansive across B2C channels like online mediums and driving the market
Possible Restraint
As the overall production of lactose-free dairy products is rigorous & needs an ultra-high temperature (UHT) treatment method for pasteurization to increase its shelf-life & consistency while turning into lactose-free, the final product costs expensive. It, in turn, might play a prominent role in restraining consumers to buy the products and affect the fledged market growth in the future.
In fact, the high production cost of these products also categorizes them under the premium product category, catering smaller consumer population, unlike ordinary milk in India. Moreover, the easy availability of plant-based alternatives might increase the competition and draw consumer attention, and in turn, hamper the growth of India Lactose-Free Dairy Products Market in the future.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The India Lactose Free Dairy Products Market is projected to grow at a CAGR of around 7% during 2022-27.
A. The high cost of the final lactose-free product entwined with the easy availability of plant-based alternatives might increase the competition and draw consumer attention, and in turn, hamper the growth of India Lactose-Free Dairy Products Market in the future.
A. Milk is anticipated to emerge as an area of remunerative opportunities for the leading players in the India Lactose Free Dairy Products Market during the forecast period.
