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Lactose-free Infant Formula Market Size, Status, Top Players, Trends and Forecast 2027

10-12-2020 12:31 PM CET | Fashion, Lifestyle, Trends

Press release from: Premium Market Insights

Lactose-free Infant Formula - Premium Market Insights

Lactose-free Infant Formula - Premium Market Insights

According to Publisher, the Global Lactose-free Infant Formula Market is accounted for $13.39 billion in 2019 and is expected to reach $34.62 billion by 2027 growing at a CAGR of 12.6% during the forecast period. Increasing technological developments in the domain and growing disposable income of consumers are the major factors propelling the market growth. However, lack of awareness in the developing economies is hampering the market growth.

Lactose-Free Infant Formula is a milk powder with lactose removed, which is appropriate for feeding during children's diarrhea. Lactose-free infant formula is manufactured for those infants who cannot naturally create an enzyme which helps in the digestion of lactose. It frequently leads to abdominal bloating, cramps, and diarrhea amongst infants.

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Based on the distribution channels, the supermarkets and hypermarkets segment is going to have a lucrative growth during the forecast period due to the accessibility of an extensive range of options as well as the ability to scan the product details before any purchase. The layout of the supermarket and promotional campaigns by leading brands has also improved the sales volume in the supermarkets and hypermarkets segment.

By geography, Europe is going to have a lucrative growth during the forecast period due to the existence of a large lactose intolerant population in the region. About 80% of the base powder for infant formula in Europe is made in Ireland. The milk marketed as lactose-free' in the region has the lactose substituted by glucose syrups and milk for particular medical purposes which should be used under medical supervision.

Some of the key players profiled in the Lactose-free Infant Formula Market include Abbott Laboratories Co, Bristol-Myers Squibb, Dana Dairy Group, Danone SA, Earth's Best, Gerber, Hero Group, HIPP, Mead Johnson, Nestle SA, Nurture Inc, Perrigo Nutritionals, Reckitt Benckiser Group PLC, and Vermont Organics.

Products Covered:
- Conventional
- Organic

Types Covered:
- Non-milk Infant Formula
- Milk Infant Formula
- Lactose-Free Infant Formula

Indications Covered:
- Starting Formula
- Specialized Formula
- Follow-on Formula

Distribution Channels Covered:
- Traditional Grocery
- Supermarkets & Hypermarkets
- Specialty Stores
- Online
- Modern Trade
- Indirect (B2C)
- Direct (B2B)
- Convenience Stores

Applications Covered:
- Premature
- Infants with Cow's Milk Protein Allergies
- Babies with Galactosemia

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
- South America
o Argentina
o Brazil
o Chile
o Rest of South America
- Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
- Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com

About Premium Market Insights:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.

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