PORTLAND, Oregon — Allied Market Research published a report, titled, “Lactose Free Butter Market by Application (Household and Commercial) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail Stores, and Others): Global Opportunity Analysis and Industry Forecast 2019–2026.” According to the report, the global lactose free butter industry was estimated at $222.9 million in 2018, and is expected to hit $388.4 million by 2026, registering a CAGR of 7.1% from 2019 to 2026.
Drivers, restraints, and opportunities-
Prevalence of lactose intolerance around the world, improving global economics, and increasing consumer preference for premium products such as lactose free dairy items fuel the growth of the global lactose free butter market. On the other hand, availability of alternative products impedes the growth to some extent. However, nutritional varieties of lactose free butter and increase in its consumption in developing economies is expected to create multiple opportunities in the near future.
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