According to the National Center for Biotechnology Information (NCBI), it is estimated that more than 65% to 90% of adults are affected with lactose intolerance in Africa and East Asia. Due to the strong prevalence of lactose intolerance among the masses, the sales of lactose free products have relatively increased globally. This is perfectly pinpointed by the analysts from IndustryARC, estimating the global lactose free food market value at $10,750 million in 2018 and projecting the demand to grow at a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2019 to 2025.
This resonates with the findings in the IndustryARC’s latest business intelligence report titled “Lactose Free Food Market: by Application (Dairy Products and Nondairy Products); By Type (Lactose Free Products and Lactose Reduced Products) By Geography - Forecast (2019-2025).” The report also documents that due to increasing consumption of lactose free food, the demand for dairy products has also increased significantly on a global level.
Global Lactose Free Food Market:
Geographically, the lactose free food market is dominated by APAC which had captured 29% of the market demand share in 2018. In a country like China, where the population is huge, the progress is speeding up as the maximum population is lactose intolerant and the remaining are concerned about the health complications caused by lactose rich food. However, the global lactose free food market is experiencing a constant launch of innovative products which is aimed to provide more nutrition and nourishment to consumers.
Furthermore, the key application segment
is dairy products as predicted by the analyst from the IndustryARC. The dairy manufacturers
will be the most benefited by promoting lower fat and sugar content
products. The gauged opportunities for growth in this application is estimated
to be observed at an impressive CAGR of 5.50% during the aforementioned forecast
Lactose Free Food Market: Market Trends and Growth Drivers
· No Additional Sugar
With the change in the lifestyle of the people, they are becoming more health conscious and have started to avoid sugar. The dairy manufacturers have become more particular about producing lactose free products in order to increase sales.
· Plant-based Products
In recent years, due to increasing health issues among adults, people are turning vegan and are being influenced to consume cow milk. Plant-based milk alternatives are a rising trend which can serve to poor economic class people. This has increased the demand for lactose free food as well.
New Flavors in
Flavored milk or drinks are becoming more popular than carbonated drinks. They come in variants and APAC has a lucrative market for flavored milk with the maximum of market share.
· Transparency and Advanced Technology
The recent trend in the lactose free food market is customers' demand for transparencies in the production of milk and dairy products. Additionally, many manufacturing companies are adopting advanced technologies.
Lactose Free Food Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding a majority shares in the global lactose free food market are General Mills, Arla Foods, Galaxy Nutritional Foods, Land OLakes, WhiteWave Foods, Barry Callebaut, Daiya Foods, Dean Foods, and Fonterra Co-operative Group.
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about the full report by providing your details in the link below:
Allergen And Intolerance Testing Market
Dairy Alternative (Beverage) Market
Gluten Free Food Market
What can you expect from the
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in lactose free food market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. North America Dairy Product Market (2019-2025)
Q. Does IndustryARC provide
customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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details in the below link:
Mr. Venkat Reddy
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About IndustryARC: IndustryARC is
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