Press release
Research report explores the Lactose-Free Dairy Products Market for the forecast period, 2016-2026
Global Lactose-free Dairy Products: Market Segmentation
The global lactose-free dairy products market is segmented on the basis of form, application, distribution channels, and region. The lactose-free dairy products market is segmented on the basis of form which includes solid form and liquid form. The solid form of lactose-free dairy products is gaining more popularity in the consumption worldwide followed by liquid form of lactose-free dairy products.
The global lactose-free dairy products market is segmented on the basis of applications including milk, buttermilk, yogurt, cheese, condensed milk , ice cream, butter, cream, milk powders, processed milk casein. These lactose-free milk powders are used in infant formula and other milk preparations.
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The global lactose-free dairy products market is also segmented on the basis of distribution channels such as supermarkets/hypermarkets, online stores and retails stores. The supermarket segment is expected to witness significant growth in the global lactose-free dairy products market over the forecast period followed by retail stores. Hence, the global lactose-free dairy products market is expected to significantly increase the revenue contribution over the forecast period.
Global Lactose-free Dairy Products Market: Regional Outlook
Geographically, the global lactose-free dairy products industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, Middle East and Africa. Globally, among all regions, North America has developed as the dominant region in global lactose-free dairy products market followed by Europe. Increasing consumer shift towards consumption of lactose-free products coupled with increasing dairy consumption by the people on a wide scale, has strengthened the growth of global lactose-free dairy products market and hence is projected to significantly expand the revenue contribution of the market over the forecast period.
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Global Lactose-free Dairy Products Market: Growth Drivers
The global lactose-free dairy products market driving factors are increasing demand for lactose-free food products due to the ease of digest which is likely to contribute significantly to the global lactose-free dairy products market till 2026. Growing levels of lactose intolerance is one of the major driving factor of the market. Rising consumer awareness regarding usage of lactose-free dairy products in day-to-day life which will help in maintaining the galactose level in the body, is one of the major driving factor for the market globally. Manufacturers are offering innovative dairy products to the consumers in order to remain in the competition in global lactose-free dairy product market.
Global Lactose-free Dairy Products Market: Key Players
Some of the key players identified across the value chain of the global Lactose-free dairy products market include McNeil Nutritionals LLc (Lactaid), Green Valley Organics, Valio Oy, Amul, GALLO DAIRY LAND, Arla Foods, Alpro, Cabot Creamery, Malta Dairy Products Ltd., Cargill Inc., Fonterra Co-Operative Group, Dean Foods, and Liddells. The companies are expected to grow their business by expanding their product portfolio in global lactose-free dairy products market.
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