Growth Awareness Among Lactose Intolerant Population to Drive the Lactose-Free Products Market Growth

The Lactose-Free Products Market size is estimated to be valued at USD 12.1 billion in 2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7%, in terms of value. The growth and awareness among lactose intolerant population regarding self-diagnosis all across the globe is causing a rise in the demand of lactose-free products.

Download PDF Brochure

Based on type, the cheese segment of lactose-free products market is projected to witness significant growth rate during forecast period due to the increase in consumer interest and importance of lactose-free cheese as an ingredient in the food industry, as it offers similar nutritive values to regular cheese. In addition, it is among the popular and preferred breakfast ingredients, which is majorly consumed with breads and offer natural, as well as authentic taste.

By form, the lactose-free products market is segmented into organic and inorganic. Low cost of products and ease in the processing of inorganic products are the key factors encouraging the high adoption of inorganic lactose-free products across the globe. Furthermore, the price of inorganic lactose-free milk is nearly half the price of organic lactose-free milk, which helps in catering to consumers that are not looking for premium products.

Make an Inquiry

The lactose-free products market in North America is dominant due to the growing demand for different types of lactose-free products such as drinkable yogurt, flavored ice-cream, and flavored milk. Also, the North American population has awareness and self-diagnosis for lactose intolerance.  In addition, the increase in no sugar or reduced sugar trends are factors that are projected to drive the growth of the lactose-free products market in the region.

The fastest growing market is Asia-Pacific for lactose-free products market. The increase in disposable income among consumers and the demand for health and wellness products have encouraged the consumption of lactose-free products. The increase in urbanization in the region has led to a high demand for food security and premium quality food products. Consumers are willing to pay extra for health-enriching food & beverage products. These factors are projected to encourage the growth of the lactose-free products market in the region.

Key players are Coca-Cola Company (US), GCMMF (India), Nestle (Switzerland), Danone Company S.A (France), Valio Ltd. (Finland), General Mills (US), Johnson & Johnson Services, Inc. (US), Lifeway Foods Inc. (US), LALA U.S (US), Dean Foods (US), Organic Valley (US), Dairy Farmers of America (US), Shamrock Foods (US), Saputo Inc. (Canada), Prairie Farms Dairy (US), Agri-Mark, Inc. (US), Smith Foods, Inc. (US), Meggle Group GMBH (Germany), Drums Food International Pvt Ltd. (India), and Granlatta Societa Cooperative Agricola ARL (Italy).

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This ...
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil...
Read more

Beer Processing Market Analysis and Global Forecast to 2025

Image
The global beer processing market studied in this report involves the market coverage of brewery equipment and beer. The global beer processing market is estimated to account for about USD 677.5 billion in 2019 and is projected to reach a value of USD 815.4 billion by 2025, growing at a CAGR of 3.1%. The changing consumer preferences for artisanal and craft beer, instead of traditional beer or other alcoholic beverages, drive the market for beer, globally. Download PDF Brochure The brewery equipment market has been growing in tandem      with the rising demand and consumption of beer. The other factor responsible for driving the global brewery equipment market is the growing number of microbreweries as well as brewpubs.  The European region is projected to account for the largest market share in the brewery equipment market due to the ever increasing beer industry and the presence of leading beer manufacturers. In the beer market, Asia Pacific dominated the global ...
Read more