The recently released India Lactose-Free Dairy Products Market Study by MarkNtel Advisors is thoughtfully structured to provide stakeholders with a comprehensive grasp of the market landscape and its most profitable segments. According to the report, “The India Lactose-Free Dairy Products Market is set to grow at a 7% CAGR from 2022 to 2027, propelled by a rising population of lactose-intolerant individuals. This surge in demand is compelling key players to expand production and distribution capacities to meet the growing needs. Awareness of lactose-free options is increasing, driving sales across diverse channels. The broad consumer base for lactose-intolerant individuals is intensifying competition, resulting in a variety of products with different compositions. Also, a growing health consciousness is steering consumers toward alternatives like almond and soy milk, and yogurt, boosting the demand for affordable lactose-free products. These trends create lucrative opportunities for market players until 2027.
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India Lactose-Free Dairy Products Market Segments, as per the Research Report
By Product Type (Milk, Cheese, Yogurt, Ice Cream, Others (Cream, Condensed milk, etc.))
Milk is set to dominate India’s Lactose-Free Dairy Products Market, maintaining a substantial share due to its integral role in diverse food and beverages. The surge in demand for lactose-free alternatives stems from unmet needs and consumer desires, prompting key players to introduce a variety of alternatives from soy, rice, almond, coconut, cashew, hazelnut, hemp, and oats. Increasing consumer awareness about health and wellness emphasizes the nutritional benefits of lactose-free products, rich in protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Moreover, the inherent sweetness derived from lactase’s addition, breaking down lactose into glucose and galactose, boosts the appeal and propels sales, fostering market growth in India.
By Sales Channel (Business-to-Business, Business-to-Consumer (Hypermarket, Convenience Store, Online)
The India Lactose-Free Dairy Food Products Market is poised for its most rapid expansion in the Business-to-Consumer (B2C) segment, with the online channel playing a pivotal role in fueling this growth. This can be attributed primarily to the fact that B2C channels have become the preferred mode of shopping for many individuals, offering a wide array of options at their convenience. Moreover, the government’s push for digitalization has spurred numerous companies to transition to online platforms for their sales operations. This trend is further supported by the increasing internet penetration, which has heightened the appeal of online shopping for lactose-free dairy products. In addition to the accessibility and convenience, the diverse range of lactose-free dairy products available across various budgets, contents, brands, and promotions, coupled with services such as doorstep delivery and easy financing, has contributed to the substantial growth of sales through B2C channels, particularly online mediums, thereby driving market expansion.
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Strategic Insights into Global Dairy Market Competitive Landscape
Conducting an extensive analysis of the competitive landscape is imperative for identifying major competitors in the global market. The report focuses on key market participants such as 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 analyzing their strategies such as growth, partnerships, new product development, collaborations, mergers, and acquisitions to maintain their market positions.
Recently, Bharat Skyr & Doodh Products Private Limited, a renowned name in the realm of high-quality dairy products with its flagship brand Skyrrup, has introduced a new offering: lactose-free Greek yogurt. Crafted from A2 Cow Milk and boasting a protein content of 7.5 grams, this product not only delivers essential nourishment but also promises a sensory delight.
The study also entails evaluating each market participant’s business performance, product portfolio, operational segments, and recent developments. Additionally, the report includes a feasibility analysis of the return on investment (ROI) and an estimated SWOT analysis.
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https://www.marknteladvisors.com/research-library/global-lactose-free-dairy-ingredients-market.html
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