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.
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.
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.
·
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.
Talk to one of our sales representative
about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=7456
Related
Reports:
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Allergen And Intolerance Testing Market
https://www.industryarc.com/Report/173/Food-Allergens-and-Intolerance-Testing-Market-Report.html
Dairy
Alternative (Beverage) Market
https://www.industryarc.com/Report/7430/dairy-alternative-beverage-market.html
Gluten Free
Food Market
https://www.industryarc.com/Report/7438/gluten-free-food-market.html
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. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market
Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish
country or application based reports in lactose free food market segment?
Answer: Yes, we do
have separate reports as mentioned below:
1. North America Dairy Product Market (2019-2025)
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.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a proposal, provide your
details in the below link:
https://www.industryarc.com/reports/request-quote?id=7456
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Or Email 2: [email protected]
Contact Sales: +1-614-588-8538
(Ext-101)
About IndustryARC: IndustryARC is
a Research and Consulting Firm that publishes more than 500 reports annually,
in various industries such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
and Beverages, Information Technology, and Life sciences and Healthcare.
[1]https://www.ncbi.nlm.nih.gov/books/NBK310267/
[2]https://www.omicsonline.org/open-access/recent-trend-in-the-dairy-industry-2329-888X-1000e134-105433.html