Lactose Free Butter Market

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, April 10, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global lactose free butter market generated $222.9 million in 2018, and is estimated to reach $388.4 million by 2026, portraying a CAGR of 7.1% from 2019 to 2026.The report offers an extensive analysis of changing market dynamics, top winning strategies, business performance, top impacting factors, and competitive scenario.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/6433

Increase in lactose intolerance across the globe and rise in demand for lactose free dairy products drive the growth of the global lactose free butter market. North America contributed the highest share in 2019 and will maintain its dominance throughout the forecast period. The production activity has been slowed down and carried out with minimum number of workers due to the government guidelines amid lockdown and post-lockdown.

➡️The report offers a detailed segmentation of the global lactose free butter market based on application, distribution channel, and region.

Based on application, the household segment contributed to the largest share in 2019, accounting for more than four-fifths of the total share and is estimated to maintain its dominant position during the forecast period. However, the same segment is expected to register the highest CAGR of 7.6% from 2019 to 2026.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/6433

Based on distribution channel, the specialty stores segment accounted for the largest share in 2019, holding nearly half of the total share, and is expected to maintain the largest share throughout the forecast period. However, the online retail stores segment is estimated to portray the highest CAGR of 11.5% during the forecast period.

Based on region, North America contributed the highest share, accounting for nearly two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 10.1% from 2019 to 2026.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/f8c0d99076953fd019c8baf63f6c265c

➡️Key Findings of the Study:

➢Depending on lactose free butter market trends, the household segment garnered 82.0% of the lactose free butter market share in 2018 and is expected to grow at a CAGR of 7.6% from 2019 to 2026. 

➢The commercial segment was valued at $39.9 million and is expected to reach $59.3 million by 2026, registering a CAGR of 5.0 %. 

➢In 2018, by distribution channel, the specialty stores segment accounted for 50.3% share of the lactose free butter market, and is expected to grow at the CAGR of 6.3%. 

➢The online retail stores segment was valued at $7.8million, and is expected to reach $14.6 million by 2026, registering the highest CAGR of 11.5%.

➢Region wise, North America accounted for a prominent market share in 2018, and is anticipated to grow at a CAGR of 5.9% throughout the forecast period.

The key players operating in the global lactose free butter industry include 𝗧𝗵𝗲 𝗞𝗿𝗮𝗳𝘁 𝗛𝗲𝗶𝗻𝘇 𝗖𝗼𝗺𝗽𝗮𝗻𝘆, 𝗧𝗵𝗲 𝗛𝗮𝗶𝗻 𝗖𝗲𝗹𝗲𝘀𝘁𝗶𝗮𝗹 𝗚𝗿𝗼𝘂𝗽, 𝗜𝗻𝗰., 𝗖𝗮𝗿𝗴𝗶𝗹𝗹 𝗜𝗻𝗰., 𝗖𝗼𝗿𝗯𝗶𝗼𝗻 𝗜𝗻𝗰., 𝗞𝗲𝗿𝗿𝘆 𝗚𝗿𝗼𝘂𝗽 𝗣𝗟𝗖, 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗼𝗻 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝗱, 𝗖𝗵𝗿 𝗛𝗮𝘀𝗲𝗻 𝗔/𝗦, 𝗗𝘂𝗽𝗼𝗻𝘁, 𝗞𝗲𝗹𝗹𝗼𝗴𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆, 𝗮𝗻𝗱 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗠𝗶𝗹𝗹𝘀, 𝗜𝗻𝗰.

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