Press release
Lactose Free Food Market Report: Latest Insights, Growth Rate And Forecast To 2033
Lactose Free Food Market Report
The Business Research Company presents an extensive market research report on the Lactose Free Food Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report 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 food market size has grown rapidly in recent years. It will grow from $16.51 billion in 2023 to $18.71 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to rising lactose intolerance awareness, growing health consciousness, increasing prevalence of lactose intolerance, diverse product offerings, globalization of dietary preferences.
The lactose free food market size is expected to see rapid growth in the next few years. It will grow to $29.11 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to continued health and wellness trends, innovation in product formulations, rising demand for plant-based alternatives, e-commerce expansion, customized nutrition solutions, collaborations and partnerships. Major trends in the forecast period include development of diagnostic technologies, expanding product offerings in the snack and convenience sector, technological advancements in lactase production, innovation in dairy-free product formulations, health and wellness trends driving market growth.
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Key Market Players:
Major companies operating in the lactose free food market report are Cargill Inc., Nestlé SA, Groupe Lactalis SA, Danone SA, General Mills Inc., Land O Lakes Inc., Arla Foods Ltd., Fonterra Co-operative Group Limited, Kerry Group plc, Emmi AG, WhiteWave Foods, Barry Callebaut AG, HP Hood LLC, Valio Ltd., TINE SA, Organic Valley Family of Farms., Boulder Brands Inc., Amy's Kitchen Inc., Freedom Foods Group Limited, Daiya Foods Inc., Murray Goulburn Co-Operative Co. Ltd, Edlong Dairy Technologies, OMIRA Oberland-Milchverwertung GmbH, Galaxy Nutritional Foods Inc., Green Valley Organics Foods Ltd., McNeil Nutritionals LLC, Parmalat SpA, Alpro Products Ltd., Hansen's Teknisk-Kemiske Laboratorium, Dean Foods Co.
Market Drivers:
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 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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/lactose-free-food-global-market-report
The lactose free food market covered in this report is segmented -
1) By Type: Lactose-Free Products, Lactose-Reduced Products
2) By Technology: Chromatographic Separation, Acid Hydrolysis, Membrane Reactor
3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Other Distribution Channels
4) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Diary Products, Other Applications
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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