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Worldwide Analysis on Lactose-free Food Market Strategies and Forecast, 2016 to 2024

06-18-2018 08:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research - Food and Beverages

/ PR Agency: Transparency Market Research
Worldwide Analysis on Lactose-free Food Market Strategies

Lactose intolerance is a condition where the body is unable to digest lactose, a sugar present in milk. Lactose-free food products are meant for people with lactose intolerance. They are easy to digest and exhibit an enhanced bioavailability. Lactose-free products are formulated with zero or reduced lactose content to provide nutritional benefits without any negative reactions on the body. The global market for lactose-free food can be divided on the basis of product types into the following categories: lactose-free dairy, lactose-free milk formula, and lactose-free ice cream. Lactose-free dairy held the dominant share of one-thirds of the total market in 2015, which is attributed to the increasing population of consumers suffering lactose intolerance, especially in North America and Europe, which is expected to drive this segment significantly over the forecast period. Lactose-free milk formula is also rapidly emerging owing to a growing number of people seeking the nutritional value of milk in their daily diet.

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Major propellants of the global lactose-free food market include a surge in the incidence of lactose intolerance caused by the inability to digest milk sugar lactose among consumers. This is triggering the demand for lactose-free food globally. In addition, increasing cases of food allergies from products containing lactose is a major influence on this market. Easy digestibility and improved bioavailability of lactose-free food play an important role too, apart from the introduction of lactose-free ice cream. Stiff competition from dairy alternatives such as cereals and nuts, however, hinders this market, which is ascribed to a proliferation of consumers who prefer to avoid dairy products altogether as they are sensitive to not just milk sugar lactose, but also to dairy proteins. Emerging countries such as Mexico, Argentina, and India are anticipated to offer great opportunities in the future for the lactose-free food market.

Geographically, the global market is distributed over North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America, especially the U.S., held a prime share in the market in 2015 which is estimated to advance substantially over the forecast period. Lactose-free dairy and lactose-free ice cream are projected to be top performers in this country’s relatively mature market. The U.K. is conjectured to experience a sluggish growth rate owing to the added demand for dairy alternatives. Asia Pacific is likely to progress speedily on account of the awareness about the benefits of lactose-free products among consumers in this region.

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Key players of the global lactose-free food products market include McNeil Nutritionals, LLC, Cargill, Inc., Galaxy Nutritional Foods, Inc., Green Valley Organics, Edlong Dairy Technologies, and Crowley Foods in the U.S., Arla Foods in Denmark, OMIRA Oberland-Milchverwertung in Germany, Parmalat SpA in Italy, Valio Ltd. in Finland, Alpro in Belgium, Daiya Foods Inc. in Canada, Doves Farm Foods Ltd in the U.K., Fonterra Co-operative Group Limited in New Zealand, and Kerry Group in Ireland.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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