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Lactose-Free Infant Formula Global Market Report 2024 - By Demand, Trends, Growth, Drivers, Forecast To 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Lactose-Free Infant Formula industry. This report on Lactose-Free Infant Formula market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The lactose-free infant formula market size has grown rapidly in recent years. It will grow from $16.59 billion in 2023 to $18.53 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to medical recommendations and prescriptions, rise in cases of cow's milk protein allergy (CMPA), increased incidence of lactose intolerance in infants, parental concerns for digestive health, improved formulations and taste, demand for alternative dietary solutions. The lactose-free infant formula market size is expected to see rapid growth in the next few years. It will grow to $28.35 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
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Key Market Players:
Nestle S.A, Valio Ltd., Danone S.A, Abbott Laboratories, Silverson Machines Holdings Ltd.
Market Drivers:
According to the Lactose-Free Infant Formula Market Report 2023 by The Business Research Company, the rising incidences of lactose intolerance are expected to propel the growth of the lactose-free infant formula market. Lactose intolerance occurs when people cannot fully digest the lactose present in the milk leading to various health problems such as bloating, gas, and diarrhea. Lactose intolerant infants are required to take lactose-free infant formula to fulfill their nutrition requirements.
More information about the Global Lactose-Free Infant Formula Market Report -
https://www.thebusinessresearchcompany.com/report/lactose-free-infant-formula-global-market-report
Market segments for Lactose-Free Infant Formula include:
• By Type: Milk Infant Formula, Non-Milk Infant Formula
• By Indications: Starting Formula, Specialized Formula, Follow-On Formula
• By Application: Premature, Babies With galactosemia, Infants With Cow's Milk Protein Allergies, Other Applications
• By Distribution Channel: Supermarkets/Hypermarkets, Specialist Stores, Online Retail Stores, Other Distribution Channels
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Food Intolerance Products Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/food-intolerance-products-global-market-report
Lactose Free Food Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/lactose-free-food-global-market-report
Lactose Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/lactose-global-market-report
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