Increasing Awareness of Lactose Intolerance Among Consumers Driving Growth of Lactose-Free Products Market
Factors such as the increasing awareness of lactose intolerance among consumers across regions and the growing demand for reduced added sugar or no added sugar products are projected to drive the growth of the lactose-free products industry during the forecast period. However, the growth of the lactose-free products market is inhibited by factors, such as high cost of lactose-free products and stiff competition from plant-based alternatives. T he lactose-free products market 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. Download PDF Brochure According to the National Center for Biotechnology Information (NCBI), nearly 65% of the global population is prone to lactose intolerance. Thus, this has led to an increase in the production of lactose-free products. It has also been observed that lactose intolerance is witnessed in nearly 90% of adults in East Asia. In ...