Lactose Free Market Growth and Forecast to 2025

1. Increase in lactose intolerance cases boosts the Global Lactose Free Market Market overview: The global Lactose Free Market was valued to be USD 12.1 billion in 2019 and is estimated that it will reach USD 18.4 billion by 2025 at a CAGR of 8.7% during the conjecture period. Lactose free products are mainly made for people that cannot digest lactose in traditional milk products. Lactose-free products contain an enzyme called lactase that helps break down lactose galactose to prevent stomach problems for lactose-intolerant consumers. Lactose-free dairy products are very low in lactose and do not cause an unpleasant reaction, providing a nutritional advantage for the customer. Recent developments: •In April 2020, Valio and Palmer Holland (USA) started a joint venture to provide lactose- free powder in the U.S. market. •In January 2020, the Coca-Cola Company acquired the remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers to meet the rapidly changing needs of consumers for lactose-free products. Market Drivers and Restrains: The growing consumption of organic food and beverages is a major driving force in the global lactose-free market. This is due to the growing awareness of the side effects of unethical and synthetic ingredients used in non-organic foods. Product lines have diversified as consumer interest in lactose-free dairy products increases. Also, as the number of food allergy cases increases, knowledge of the health benefits of lactose-free products is expected to accelerate the growth of the global market. Consumers expect a variety of dairy products like yogurt, flavored milk, sugar-free products, and cheese. The global market for lactose-free products is expected to grow rapidly as demand from lactose-intolerant population increases during the forecast period. Lactose-free products are gaining considerable traction due to their diversity and quality. Additionally, rising disposable income and rising middle class incomes are additional factors driving the lactose-free market worldwide. Many advanced economies have implemented strict laws to guarantee the production of high quality organic milk. This has increased consumer confidence in lactose-free dairy products. The continued growth of the lactose-free population is a major driving force in the global lactose-free market. Lactose intolerance is quite widespread among Latinos. The number of people with this condition is also increasing in other parts of the world. The growing consumption of organic food and beverages is further accelerating market growth during the forecast period. The main challenge in the lactose-free market is a plant-based alternative as demand for plant- based products increases and market availability increases compared to dairy-free products. To know more read:

2. https://www.marketdataforecast.com/market-reports/lactose-free-market Report is segmented as: The market for lactose-free products can be divided according to shape, product type and personality. Depending on the shape, the market can be classified into powder, liquid and semi- solid. Depending on the type of product, the market is divided into processed dairy products, infant formulas, butter/cheese, desserts, ice cream, yogurt, powdered milk, condensed milk, and milk. Based on nature, the lactose free market is branched into conventional and organic. Geographical Segmentation: Depending on the region, the market for lactose-free products isdivided in Europe, North America, the Middle East and Africa, Asia Pacific and Latin America. North America is expected to take a large share of the lactose-free market in the coming years. This is because the demand for cream and yogurt-based products is increasing, and the demand for organic food is increasing. The Asia Pacific region is also estimated to show good growth in the lactose-free dairy market during the calculated period. Key market players: Major players in the global market for lactose-free products include Murray Goulburn Co- Operative, Nestle, Arla Foods, Valio International, Dean Foods, Shamrock Foods Company, Galaxy Nutrition Foods, McNeil Nutritionals and Green Valley Organics. View sample and decide: https://www.marketdataforecast.com/market-reports/lactose-free-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions.

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