Press release
Lactose-Free Yogurt Market to Surge at 7.50% CAGR, Reaching $5.7 Billion by 2029
Lactose-Free Yogurt Market marketing report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer's demands and preferences, market situations, opportunities and market status. The report encompasses a thorough study of current situation of the global market along with several market dynamics. Moreover, it also displays all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.The world class Lactose-Free Yogurt Market market report is highly useful in making aware of the extent of the marketing problems. The market related information and analysis involved in this report brings into focus the types of consumers, their preferences about the product, their buying intentions and their ideas about the enhancement of a product. Moreover, businesses can know the reaction of the consumers to an already existing product in the market. Hence, all the data included in the report aids in defining superior business strategies. Lactose-Free Yogurt Market market research report conducts the systematic, to the point and far-reaching study of the facts related with any subject in the field of marketing.
Overview of Lactose-Free Yogurt Market
Data Bridge Market Research analyses that the lactose-free yogurt market was valued at USD 3117.4 million in 2021 and is expected to reach the value of USD 5727.49 million by 2029, at a CAGR of 7.50% during the forecast period.
Plant-based yoghurt is a creamy, healthy, non-dairy vegan food product that helps the vegan population meet their nutritional needs. It is made with Lactose-free ingredients such as almonds, soy, coconuts, flax, hemp, oats, peas, and cashews. It contains a high concentration of vitamins, minerals, amino acids, and essential fats, which helps to reduce inflammation and boost metabolism.
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Dynamics Growth Drivers and Scope of Lactose-Free Yogurt Market
Growth Drivers:
The rising popularity of low-fat, low-sugar desserts will propel the lactose-free yoghurt market. Furthermore, rising demand for refreshing ice cream alternatives by children and rising consumer health awareness are macroeconomic factors that positively impact the global lactose-free yoghurt market. Another critical factor is the growing demand for healthy dessert alternatives, and lactose-free yoghurts meet both of these needs, accelerating the growth of the lactose-free yoghurt market. The rise in disposable income and increasing urbanization will boost the lactose-free yoghurt market's growth rate
Scope:
The lactose-free yogurt market is segmented on the basis of form, category, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Regional Analysis/Insights of Lactose-Free Yogurt Market:
North America dominates the lactose-free yoghurt market and will continue to do so during the forecast period due to consumer preferences in this region shifting from dairy-based yoghurt to non-dairy-based lactose-free yoghurt products. Furthermore, product development, a high level of disposable income, and the presence of various lactose-free yoghurt flavours will accelerate the market's growth rate in this region. Due to rising consumer demand for lactose-free desserts and rising incidences of digestive disorders such as lactose intolerance in this region.Asia-Pacific is expected to grow at a significant rate during the forecast period of 2022-2029.
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The major companies which are dealing in the Lactose-Free Yogurt Market:
Chr. Hansen Holding A/S (Denmark), Yakult Honsha Co., Ltd (Japan), Nestlé (Switzerland), DuPont (U.S.), MORINAGA & CO., L.T.D. (Japan), BioGaia AB (Sweden), Protexin (U.K.), Daflorn Probiotics UK (U.K.), Danone (France), Yakult U.S.A. Inc. (U.S.), Deerland Enzymes, Inc. (U.S.), Goerlich Pharma GmbH (Germany), SANZYME BIOLOGICS PVT. LTD. (India), DSM (Netherlands), NutraScience Labs (U.S.),Kerry Group plc (Ireland), Lallemand Inc. (Canada), Lonza (Switzerland), Winclove Probiotics (Netherlands), Probi (Sweden)
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Lactose-Free Yogurt Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
Segmentation of Lactose-Free Yogurt Market:
By Form (Lactose-Free, No Added Sugar Products/ Reduced Sugar Claims, Reduced Lactose Products), Category (Organic, Inorganic), Distribution Channel (Convenience Stores, Hypermarket/Supermarket, E-Retailers, Specialty Stores)
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Our extensive database offers insights into over 200 industries and 5,000 markets across 75 countries. Serving over 40% of Fortune 500 firms, we have a network of more than 3,000 clients. With a team of 500 analysts, we deliver accurate, tailored market intelligence to help clients identify new revenue streams and stay ahead of industry trends.
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