123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Food,-Cooking-and-Drink >> View Article

Lactose-free Products Market: Market Growth, Analysis, Industry Insights

Profile Picture
By Author: MarketsandMarkets
Total Articles: 13
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The lactose-free productsmarket isprojected to grow at a CAGR of8.7% during the forecast period

According to MarketsandMarkets, the lactose-free products market is estimated to be valued atUSD 12.1billion in 2020and is projected to reach USD 18.4billion by 2025, recording a CAGR of 8.7%, in terms of value. Factors such as the increasing awareness of lactose intolerance among consumers across regions andthegrowing demand for reduced added sugar or no added sugar productsare projected to drive the growth of the lactose-free productsindustry during the forecast period. However, the growth of the lactose-free productsmarket is inhibited by factors, such ashigh cost of lactose-free products and stiff competition from plant-based alternatives.

Leading players profiled in this report include the following:

• Gujarat Cooperative Milk Marketing Federation (India)
• Valio LTD (Finland)
• Danone Company S.A. (France)
• Nestlé (Switzerland)
• The Coca-Cola Company (US)
• Johnson & Johnson Services, Inc. (US)
• General Mills, Inc. (US)
• Lifeway Foods, Inc. (US)
• Lala U.S., Inc. (US)
• Organic Valley (US)
• Dairy Farmers of America, Inc. (US)

Request for Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=4457397

By type, the milksegmentis projectedtohold the largest sharein the market during the forecast period

Milk in general is amongst the most commonly consumed dairy products globally. Lactose- free milk is a rich source of protein, calcium, phosphorus, vitamin B12, riboflavin, and vitamin D. Lactose-free milk is produced by adding lactase to regular cow’s milk. The lactose-free milk tastes sweeter than regular milk because during the process of production lactase is added to lactose-free milk that helps in breaking down of lactose into two sugar forms namely; glucose and galactose. This is the key factor driving the growth of milk segment in lactose-free products market.

By form, the no added sugar or reduced sugar claims segment is estimated to the fastest growing segment during the forecast period

By form, the no added sugar or reduced sugar claims segment is projected to be the fastest-growing segment. Due to the increase in awareness about health concerns, such as obesity and diabetes, consumers witness a high demand for no added sugar or reduced sugar products. For catering to the changing demands of consumers, many players in the dairy industry are focusing on introducing lactose-free dairy products with reduced added sugar or no added sugar claims. The trend of using reduced added sugar or no added sugar drives the lactose-free products market.

By Category, Organic segment is projected to be the fastest-growing segment during the forecast period

The change in consumer perceptions toward healthy eating, increasing health consciousness among consumers, and growing awareness about the nutritional benefits of organic products have encouraged the growth of organic lactose-free products market. The increase in consumer consciousness about clean products and concerns about health issues related to artificial products and health benefits pertaining to naturally produced organic food products are factors encouraging the growth of the organic lactose-free products market.

The Asia Pacific regionis projected to grow at the highest CAGR during the forecast period

The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The significant growth of the economy in countries, rapid urbanization, an increase in demand for premium and healthy food & beverage products, and the increase in the westernization of consumer diets are some of the major factors driving the growth of lactose-free products in the region.

The lactose-free productsmarketis segmented region-wise, with a detailed analysis of each region. These regions include Asia Pacific, North America, Europe, South America,and RoW (Africa and the Middle East)

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=4457397

Research Coverage

This report segmentsthelactose-free productsmarketon the basis oftype, form, category, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape,pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the lactose-free productsmarket, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Total Views: 150Word Count: 617See All articles From Author

Add Comment

Food, Cooking and Drink Articles

1. Gelatin Market: Trends, Scope And Forecast To 2023
Author: MarketsandMarkets

2. Oven Baked Indian Breads
Author: Gynanesh

3. Healthy Indian Diet Plan For Pregnancy That You Need To Know
Author: keerthi food

4. How To Decide The Catering Menu For Your Corporate Or Office Event
Author: Brian Daoud

5. Buy Dry Fruit Online
Author: Buy dry fruits online

6. 7 Most Consumed Food In India By Food Lovers
Author: Meera

7. 4 Amazing Benefits Of Garam Masala That You Can’t Ignore
Author: Alex Warner

8. Markaz Cafe & Lounge
Author: TheMeal Deals

9. Market Leaders In Calcium Propionate Market
Author: MarketsandMarkets

10. Why Is It A Good And Healthy Idea To Switch To Authentic Mexican Cuisine?
Author: Nelly Paulina

11. Healthy School Lunch Service Provider For Kids In Nj
Author: Karson Foods

12. Organic Foods And Its Benefits: Nutritious And Delicious
Author: Satjit Kumar

13. The Best Side Of Food
Author: Manid

14. Why People Choose Spit Roast Catering For Parties?
Author: Mario Sazos

15. Indian Food Recipe
Author: Desicart uk

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: