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Lactose Free Food Market Analysis 2023 By Top Companies, Business Growth, Key Applications, Demand, Size, Type, Opportunity, And Forecast 2032
Lactose Free Food Global Market
The Business Research Company's Lactose Free Food Global Market Report 2023 identifies increasing number of people with lactose intolerance as the major driver for the Lactose Free Food market's growth in the forecast period. Lactose intolerance is a digestive syndrome caused by the inability to digest lactose, a carbohydrate found in dairy products. According to the National Library of Medicine, approximately 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 drive the demand for lactose-free food over the forecast period.
The global lactose free food market size will grow from $12.33 billion in 2022 to $14.07 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global lactose free food market size is expected to grow from $22.69 billion in 2027 at a CAGR of 12.7%.
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Major competitors in the Lactose Free Food market are Arla Foods, McNeil Nutritionals, OMIRA Oberland-Milchverwertung (OMIRA), Parmalat, Valio, Alpro, Amy's Kitchen, Barry Callebaut, Cargill, and Chr. Hansen.1
A key trend in the Lactose Free Food market includes stiff competition from dairy alternatives. 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 of lactose-free food products.
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The Lactose Free Food market is segmented -
1) By Type: Lactose-Free Products, Lactose-Reduced Products
2) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Diary Products, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Other Distribution Channels
4) By Source: Rice, Almond, Soy, Hemp Milks, Coconut
5) By Technology: Chromatographic Separation, Acid Hydrolysis, Membrane Reactor
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Lactose Free Food market.
The Business Research Company's "Global Lactose Free Food Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Lactose Free Food Market Include:
1. Executive Summary
2. Lactose Free Food Market Characteristics
3. Lactose Free Food Market Trends And Strategies
4. Lactose Free Food Market - Macro Economic Scenario
5. Lactose Free Food Market Size And Growth
……
27. Lactose Free Food Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Lactose Free Food Market
29. Lactose Free Food Market Future Outlook And Potential Analysis
30. Appendix
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