Global Lactose Free Food Market Disrupted by Plant-Based Products

Posted by IndustryARC on June 4th, 2019

According to the National Center for Biotechnology Information (NCBI), it is estimated that more than 65% to 90% of adults are affected with lactose intolerance in Africa and East Asia.[1] Due to the strong prevalence of lactose intolerance among the masses, the sales of lactose free products have relatively increased globally. This is perfectly pinpointed by the analysts from IndustryARC, estimating the global lactose free food market value at ,750 million in 2018 and projecting the demand to grow at a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2019 to 2025.

This resonates with the findings in the IndustryARC’s latest business intelligence report titled “Lactose Free Food Market: by Application (Dairy Products and Nondairy Products); By Type (Lactose Free Products and Lactose Reduced Products) By Geography - Forecast (2019-2025).” The report also documents that due to increasing consumption of lactose free food, the demand for dairy products has also increased significantly on a global level.

Global Lactose Free Food Market: Leading Segments

Geographically, the lactose free food market is dominated by APAC which had captured 29% of the market demand share in 2018. In a country like China, where the population is huge, the progress is speeding up as the maximum population is lactose intolerant and the remaining are concerned about the health complications caused by lactose rich food. However, the global lactose free food market is experiencing a constant launch of innovative products which is aimed to provide more nutrition and nourishment to consumers.

Furthermore, the key application segment is dairy products as predicted by the analyst from the IndustryARC. The dairy manufacturers will be the most benefited by promoting lower fat and sugar content products. The gauged opportunities for growth in this application is estimated to be observed at an impressive CAGR of 5.50% during the aforementioned forecast period.

View Full Table Of Contents @ https://industryarc.com/Report/7456/lactose-free-food-market.html

Global Lactose Free Food Market: Market Trends and Growth Drivers

• No Additional Sugar

With the change in the lifestyle of the people, they are becoming more health conscious and have started to avoid sugar. The dairy manufacturers have become more particular about producing lactose free products in order to increase sales.[2]

• Plant-based Products

In recent years, due to increasing health issues among adults, people are turning vegan and are being influenced to consume cow milk. Plant-based milk alternatives are a rising trend which can serve to poor economic class people. This has increased the demand for lactose free food as well.

• New Flavors in Trend

Flavored milk or drinks are becoming more popular than carbonated drinks. They come in variants and APAC has a lucrative market for flavored milk with the maximum of market share.

• Transparency and Advanced Technology

The recent trend in the lactose free food market is customers' demand for transparencies in the production of milk and dairy products. Additionally, many manufacturing companies are adopting advanced technologies.

Global Lactose Free Food Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding a majority shares in the global lactose free food market are General Mills, Arla Foods, Galaxy Nutritional Foods, Land OLakes, WhiteWave Foods, Barry Callebaut, Daiya Foods, Dean Foods, and Fonterra Co-operative Group.

What can you expect from the report?

The Lactose Free Food Market is Prepared with the Main Agenda to Cover the following 20 points:

1. Lactose Free Food Market Size by Product Categories & Application

2. Lactose Free Food Market trends & Relevant Market Data

3. Manufacturer Landscape

4. Distributor Landscape

5. Pricing Analysis

6. Top 10 End-user Analysis

7. Product Benchmarking

8. Product Developments

9. Mergers & Acquisition Analysis

10. Patent Analysis

11. Lactose Free Food Market Demand Analysis (Revenue & Volume)

12. Country-level Analysis

13. Competitor Analysis

14. Lactose Free Food Market Shares Analysis

15. Value Chain Analysis

16. Supply Chain Analysis

17. Lactose Free Food Market Strategic Analysis

18. Lactose Free Food Market Current & Future Market Landscape Analysis

19. Opportunity Analysis

20. Lactose Free Food Market Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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