The global lactose free food market is witnessing continually rising sales, mainly due to the rising occurrences of milk allergy and lactose intolerance cases. Increasing numbers of populaces are consuming lactose-free food to avoid health complications arose due to lactose sensitivity. There are a considerable number of lactose-free food products available in the market, which in turn, accelerates the growth of the market.
According to Market Research Future (MRFR), the global lactose free food industry is booming and expected to garner exponential accruals by 2030. In its recently published analysis, MRFR also asserts that the market would register a moderate CAGR throughout the forecast period (2022 – 2030). The market has witnessed a dramatic change from being considered as specialty niche products to becoming a mainstream product market.
The increased awareness and availability of lactose-free food products are the key drivers of the market. The introduction of a range of products with a variety of taste, flavour, and texture, manufacturers, boosts the lactose free food market growth. The demand for free-from alternatives is expected to continue to grow further throughout the review period. Moreover, increasing health awareness and rising disposable income are influencing the growth of the market.
However, lactose-free food products are expensive, which could impede the growth of the market, especially in the developing and underdeveloped economies. Also, the massive popularity of dairy products in developed economies is expected to obstruct the growth of the lactose free foods market. Nevertheless, the rising trend of free-from" products would support market growth during the forecast period of 2022-2030. Similarly, rising health disorders such as obesity and diabetes are expected to provide a considerable impetus to the market growth.
Major Players:
Players leading the global lactose free food market include Arla Foods (Denmark), General Mills Inc. (US), Galaxy Nutritional Foods Inc. (India), WhiteWave Foods (US), Land O'Lakes, Inc. (US), Barry Callebaut (Switzerland), Daiya Foods (Canada), Amy's Kitchen (US), Fonterra Co-operative Group Limited (New Zealand), and Dean Foods (US), among others.
Lactose Free Food Market Segments
The report is segmented into three dynamics to widen the scope of understanding,
By Type : Milk, Bread, Fats, Soups & Sauces, Desserts, and others.
By Source : Soy, Rice, Coconut, Almond, Hemp Milk, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
Lactose Free Food Market Regional Analysis
Europe is estimated to hold a significant the global lactose free food market share. Various factors, including the rising demand for lactose-free foods led by the growing lactose intolerance among consumers, are stimulating the growth of the market. Moreover, rising numbers of populaces adopting the vegan diet are expected to increase the lactose free food market size in the region. Additionally, the rising disposable income and rising health-conscious populace would impact regional market growth. Positively.
North America is the second-largest region in the global lactose free food market, which is experiencing a high demand for dairy-free products. The shift in consumers' food consumption trends and inclination towards a healthy lifestyle drives the growth of the regional market. The US is the largest market for lactose free food in North America. Statistics indicate that the prevalence of lactose intolerance in the US is growing significantly, is creating massive market demand.
The Asia Pacific lactose free food market is growing at a steady pace. Factors such as the rising awareness towards lactose intolerance and allergy for dairy products is boosting the regional market growth. Moreover, rapid advancements in processing technologies, raw material advantages, and cost-competitive labor force in the region increases the numbers of production plants, attracting foreign investors.
Lactose Free Food Market Competitive Analysis
Highly competitive, the lactose free food market appears to be fragmented due to the presence of many well-established players. To gain a substantially large market share, players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product launch. They invest heavily in driving RD for advanced technologies and product expansion plans. Price, quality, service, innovation, reputation, and distribution & promotion are the factors based on which the key players compete.
Industry/Innovation/Related News:
October 17, 2019 --- Saputo Dairy UK, a leading dairy company, manufacturing and selling dairy products and functional ingredients, announced its partnership with Asda Stores Ltd (the UK), a supermarket retailer, to launch a new range of lactose-free cheese snacks, aimed at the children's market. Earlier this month, the firm had launched a new Vitalite dairy-free alternatives to develop further growth in the free-from market.
July 12, 2019 --- General Mills, Inc. (the US), a multinational manufacturer and marketer of branded consumer foods and GoodBelly Probiotics (the US), a recognized leader in the probiotic industry, announced their partnership to launch probiotic cereal and yogurt. Partnering companies would work together to distribute a line of lactose-free yogurts and a single probiotic- infused cereal. According to the deal, General Mills will be responsible for the production, sales, and marketing of the products.
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The latest trending report Global Lactose-free Food Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Lactose-free Food market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.1% in the forecast period of 2020 to 2025 and will expected to reach USD 10410 million by 2025, from USD 8849 million in 2019.The Lactose-free Food market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/32988-lactose-free-food-market-analysis-reportThe major players covered in Lactose-free Food are: Arla Foods Barry Callebaut Parmalat McNeil Nutritionals Amy’s Kitchen OMIRA Chr.
Hansen Alpro Valio Cargill Fonterra Green Valley Organics Daiya Foods Land O Lakes Galaxy Nutritional Foods Emmi Dean Foods HP Hood General Mills Edlong Dairy Technologies Murray Goulburn TINE Laktosefri WhiteWave FoodsBy Type, Lactose-free Food market has been segmented into lactose-free dairy lactose-free baby food other lactose-free foodBy Application, Lactose-free Food has been segmented into: Children Adults Senior CitizensThe report offers in-depth assessment of the growth and other aspects of the Lactose-free Food market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Lactose-free Food Market @ https://www.decisiondatabases.com/contact/download-sample-32988The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Lactose-free Food product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Lactose-free Food, with price, sales, revenue and global market share of Lactose-free Food in 2018 and 2019.Chapter 3, the Lactose-free Food competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Lactose-free Food breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Lactose-free Food market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Lactose-free Food sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Lactose-free Food Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-32988All Food Related Reports by DecisionDatabases.com @ https://goo.gl/mGGNh7About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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