Lactose Free Food Market 2020 Business Scenario with Global Demand in Beverages Industry - Arla Foods; McNeil Nutritionals; OMIRA Oberland-Milchverwertung (OMIRA); Parmalat

Lactose Free Food Global Market Report 2020-30: Covid 19 Growth and Change

The lactose-free food market consists of sales of lactose-free food and related services. Lactose is a sugar found in milk and food with ingredients including milk and whey. Lactose-free food is used as an alternative for dairy-free food items. Lactose-free dairy products contain an enzyme called lactase that helps in breaking down milk sugar galactose to avoid stomach problems such as abdominal cramping, gas, diarrhea, and bloating in people with lactose intolerance. Lactose-free food items include soya yogurts and cheeses, oat milk, rice milk, coconut-based yogurts and cheeses, carob bars, and food with dairy-free and suitable for vegan sings.

The global lactose free food market is expected to grow from $11.7 billion in 2019 and to $11.96 billion in 2020 at a growth rate of 1.97%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $15.82 billion in 2023 at CAGR of 9.77%.

Top Leading Companies mentioned are

Arla Foods; McNeil Nutritionals; OMIRA Oberland-Milchverwertung (OMIRA); Parmalat; Valio; Alpro; Amy's Kitchen; Barry Callebaut; Cargill, Chr. Hansen; Daiya Foods; Edlong Dairy Technologies; Dean Foods; Emmi; Fonterra; Galaxy Nutritional Foods; General Mi

Europe was the largest region in the lactose free food market in 2019. North America was the second largest region in the lactose free food market in 2019. In January 2020, the Coco-Cola company announced the full acquisition of Fairlife, a USA-based dairy beverage company for an undisclosed amount. The company announced the acquisition of the remaining 57.5% of stake in the company. The acquisition is expected to expand the dairy and non-dairy product portfolio of the company. Fairlife was founded in 2012 and markets a broad portfolio of dairy-based beverages including ultra-filtered milk and high-protein milkshakes. The company also markets lactose-free products in order to cater to a wide range of consumers.

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The stiff competition from dairy alternatives is expected to limit the growth of the lactose-free food market. The availability of various dairy alternatives such as cheese, butter, ice-creams, milk made from soy, rice, almond, and other non-dairy ingredients is likely to take over the share for lactose-free food products. For instance, in 2018, the global milk output was around 843 million tons and the export of milk products such as butter increased by 7.5%, mainly contributed by countries, like New Zealand, the United States, and India. Therefore, competition from dairy products is expected to hinder the growth of lactose-free food market during the period.

The launch of new lactose-free products is a leading trend contributing for the market expansion. In June 2019, Beckon Ice Cream, a Boston-based company, announced the introduction of lactose-free premium ice-creams made from real cream and milk. The company began distribution of its premium ice-cream through Whole Foods Market stores. Beckon Ice Cream aims to maintain the taste of traditional ice cream in its dairy-full and lactose-free ice creams. This scenario of new product developments is likely to surge the revenues for lactose-free food market over the forecast period.

An increasing number of people with lactose intolerance are expected to contribute to the higher demand for lactose-free food products. Lactose intolerance is a digestive syndrome caused by the incapability to digest lactose; a carbohydrate found in dairy products. According to National Library of Medicine, an approximate of 65% to 90% of adults are affected by lactose intolerance. Moreover, in Europe, 5% to 15% of the population is lactose intolerant. Therefore, an increasing number of people with lactose intolerance is anticipated to propel the demand for lactose-free food over the forecast period.

Market Segmentation by Types:

1) By Type: Lactose-Free Products; Lactose-Reduced Products
2) By Application: Milk; Cheese; Yogurt; Ice-Cream; Non-Diary Products; Others
3) By Distribution Channel: Supermarkets/Hypermarkets; Online Stores; Others
4) By Source: Rice; Almond; Soy; Hemp Milks; Coconut
5) By Technology: Chromatographic Separation; Acid Hydrolysis; Membrane Reactor

This report provides a detailed analysis of the Lactose Free Food market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

Essential points covered in Global Lactose Free Food Market2020 Research are: -

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global Lactose Free Food market?
• What are the key markets trends impacting the growth of the global Lactose Free Food market?
• What are the challenges to market growth?
• Who are the key vendors in the global Lactose Free Food market?
• What are the market opportunities and threats faced by the vendors in the global Lactose Free Food market?
• What are the key outcomes of the five forces analysis of the global Lactose Free Food market?

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This independent 300 pages report guarantees you will remain better informed than your competition. With over figures examining the Lactose Free Food market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2020.

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Lactose Free Food in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Furthermore, the report provides a detailed analysis of the global Lactose Free Food market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Lithium-Ion Batteries market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Lactose Free Food on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Lactose Free Food Market and assist manufacturers and Lactose Free Food organization to better grasp the development course of Lactose Free Food Market.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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