Lactose-Free Products Market to Witness Huge Growth by Key Players: Valio LTD, Danone Company S.A, Nestle, The Coca-Cola Company, Johnson & Johnson Services Inc, General Mills Inc, Lifeway Foods Inc, Organic Valley and Others.

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The Lactose-Free Products Market is estimated to be valued at USD 12.1 Billion in 2020 and is projected to reach USD 18.4 Billion by 2025, recording a CAGR of 8.7%, in terms of value.

Top Companies Profiled in the Lactose-Free Products Market:
• Gujarat Cooperative Milk Marketing Federation (India)
• Valio LTD (Finland)
• Danone Company S.A. (France)
• Nestlé (Switzerland)
• The Coca-Cola Company (US)
• Johnson & Johnson Services, Inc. (US)
• General Mills, Inc. (US)
• Lifeway Foods, Inc. (US)
• Lala U.S., Inc. (US)
• Organic Valley (US)
• Dairy Farmers of America, Inc. (US)
• Dean Foods (US)
• Shamrock Foods (US)
• Saputo Inc (US)
• Prairie Farms Dairy (US)
• Agri-Mark, Inc. (US)
• SmithFoods, Inc. (US)
• GranlatteSocietaCooperativa Agricola ARL (Italy)
• Meggle (Germany)
• Drums Food International Pvt Ltd (India)

“By type, the milk segment is projected to hold the largest share in the market during the forecast period.”
Milk in general is amongst the most commonly consumed dairy products globally. Lactose- free milk is a rich source of protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Lactose-free milk is produced by adding lactase to regular cow’s milk. The lactose-free milk tastes sweeter than regular milk because during the process of production lactase is added to lactose-free milk that helps in breaking down of lactose into two sugar forms namely; glucose and galactose. This is the key factor driving the growth of milk segment in lactose-free products market.

“By form, the no added sugar or reduced sugar claims segment is estimated to the fastest growing segment during the forecast period.”
By form, the no added sugar or reduced sugar claims segment is projected to be the fastest-growing segment. Due to the increase in awareness about health concerns, such as obesity and diabetes, consumers witness a high demand for no added sugar or reduced sugar products.

“By Category, Organic segment is projected to be the fastest-growing segment during the forecast period.”
The change in consumer perceptions toward healthy eating, increasing health consciousness among consumers, and growing awareness about the nutritional benefits of organic products have encouraged the growth of organic lactose-free products market.

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Breakdown of primary participants’ profile:
• By Value Chain: Supply side – 66% and Demandside – 34%
• By Designation: CXOs- 33.2%,Managers–44.5%, and Executives–22.3%
• By Region: Asia Pacific - 35%, North America- 25%,Europe - 20%,South America - 10%,and Middle East & Africa- 10%

Competitive Landscape of Lactose-Free Products Market:
1 Market Evaluation Framework
2 Ranking Of Key Players, 2020
3 Key Market Developments
3.1 New Product Launches
3.2 Acquisitions
3.3 Expansions
3.4 Joint Ventures

Research Coverage:
This report segments the lactose-free products market on the basis of type, form, category, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the lactose-free products market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

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