Global Lactose-Free Products Market, By Type (Milk, Yogurt, Cheese, Ice-Cream, Confectionery Products, Others), Form (Lactose-Free Products, No Added Sugar Products/ Reduced Sugar Claims, Reduced Lactose Products), Category (Organic, Inorganic), Distribution Channel (Hypermarket/ Supermarket, Convenience Store, Pharmacies/Drugstore, Online), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Lactose-Free Products Market Analysis and Insights
Lactose-free products market size is valued at USD 21.2 billion by 2028 and is expected to grow at a compound annual rate of 8.50% in the forecast period 2021 to 2028. The increased incidences of food allergies and intolerances are the factor for the growth of lactose-free products market in the forecast period of 2021 to 2028.
Lactose is made up of glucose and galactose and lactose free food products are those food products which are particularly made without lactose and the content of lactose is reduced or removed. Also these lactose free food products are very easy to digest.
The major growing factor towards lactose-free products market is the rapid technological advancements in product manufacturing and improved labeling protocols. The prime factor driving the demand for lactose-free products is the availability of various products and SKUs in the market. Furthermore, the increasing number of lactose intolerance patients and the rapid increase in awareness amongst consumers of the health benefits coupled with lactose free food products are also heightening the overall demand for lactose-free products market over the forecast period of 2021 to 2028. Moreover, the growing awareness of lactose intolerance among consumers across regions and the increasing demand for reduced added sugar or no added sugar products also serves as foremost drivers for increasing the demand for lactose-free products market at a global level. In addition, the rapid rise in awareness and self-diagnosis are also lifting the growth of the lactose-free products market.
However, the high cost of lactose-free products along with unwanted taste due to the presence of arylsulfatase in products are projected to act as a restraint towards the growth of lactose-free products market, whereas the high competition from plant-based alternatives have the potential to challenge the growth of the lactose-free products market.
Moreover, the easy availability of lactose-free dairy products with added health benefits as well as increase in demand in the horeca industry and introduction of lactose-free ice cream and other products will further generate new opportunities for the lactose-free products market in the forecast period of 2021 to 2028.
This lactose-free products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lactose-free products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lactose-Free Products Market Scope and Market Size
Lactose-free products market is segmented on the basis of type, form, category and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the lactose-free products market has been segmented into milk, yogurt, cheese, ice-cream, confectionery products and others. Milk is further segmented into plain milk, flavored milk and other. Yogurt is further segmented into set yogurt, drinking/ambient yogurt, regular yogurt, probiotic yogurt and others. Cheese is further segmented into cheddar cheese, cottage cheese, soft cheese, hard cheese and others.
- Lactose-free products market is also segmented on the basis of form into lactose-free products, no added sugar products/ reduced sugar claims and reduced lactose products.
- Based on category, the lactose-free products market has been segmented into organic and inorganic.
- The distribution channel segment of the lactose-free products has been segmented into hypermarket/ supermarket, convenience store, pharmacies/drugstore and online.
Lactose-Free Products Market Country Level Analysis
Lactose-free products market is analyses and market size, volume information is provided by country, type, form, category and distribution channel as referenced above.
The countries covered in the lactose-free products market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific leads the lactose-free products market because of the rapid urbanization, high growth of the economy in countries, increase in demand for exclusive and healthy food and beverage products in the region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rising demand for cream and yogurt based products within this region.
The country section of the lactose-free products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lactose-Free Products Market Share Analysis
Lactose-free products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lactose-free products market.
The major players covered in the lactose-free products report are The Coca-Cola Company, Nestlé, Danone S.A., Valio Ltd, GENERAL MILLS INC., LALA U.S., Inc., Dairy Farmers of America, Inc., SHAMROCK FARMS, Lactalis American Group, Inc., Arla Foods amba, Crowley Food LLC, Lifeway Foods, Inc., PRAIRIE FARMS DAIRY, SmithFoods Inc., Agropur cooperative, Agri-Mark, Organic Valley, McNeil Nutritionals, LLC, Johnson & Johnson Services, Inc., and Saputo among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.
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