Press release
Global Lactose-Free Market Rising Levels of Lactose Intolerance & Reaching at a Highest CAGR of 12.9% During Period 2018 to 2025
Global Lactose-Free Market Trends & Forecast to 2025
Market Analysis of Global Lactose-Free Market:
The global lactose-free market accounted to USD xx million in 2017 growing at a CAGR of 12.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
This report consists of below pages:
• No of pages: 350
• No of Figures: 60
• No of Tables: 220
Market Definition:
Lactose-free is used as the replacement for dairy free food products. The market is majorly driven by the increasing demand of lactose-free dairy products in European countries. Lactose-free dairy products contain an enzyme called as lactase that is helpful in breaking down milk sugar galactose in order to avoid stomach problems in lactose intolerant consumers.
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Major Market Drivers and Restraints:
• Growing demand for lactose-free food products
• Rising levels of lactose intolerance
• Increasing consumer awareness
Segmentation of Lactose-Free Market:
By type the global lactose-free market is segmented into lactose-free and lactose-reduced products.
By application the global lactose-free market is segmented into milk, cheese, yogurt, baby-foods, and ice-cream.
By distribution channel the global lactose-free market is segmented into supermarkets/hypermarkets, online stores, and retails stores.
On the basis of geography, global lactose-free market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2018, North America is expected to dominate the market.
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Competitive Analysis of Global Lactose-Free Market:
The global lactose-free market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lactose-free market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors of Global Lactose-Free Market:
Some of the major players operating in global lactose-free market are:
o Arla Foods
o McNeil Nutritionals
o OMIRA Oberland Milchverwertung Ravensburg
o Parmalat
o Lpro
o Amul
o Amy’s Kitchen
o Barry Callebaut
o Cargill
o Chr. Hansen
o Crowley Foods
o Daiya Foods
o Doves Farm Food
o Edlong Dairy Technologies
o Emmi
o Fonterra
o Galaxy Nutritional Foods
o General Mills
o Green Valley Organics
o HP Hood
o Kerry Group
o Murray Goulburn
o Sweet William
o TINE Laktosefri
o WhiteWave Foods
o Valio among others.
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