Lactose Free Foods Market Overview
The global Lactose-Free Food Market will grow at a CAGR of 7.5 % during the period 2022-2030.
Lactose-free foods are consumed by people who are intolerant to lactose food. Consumption of lactose food may cause cramps, bloating, diarrhea, nausea, etc. in people who are intolerant to lactose. The increasing number of lactose-intolerant people across the globe has enhanced the demand for lactose-free foods.
Increased awareness about lactose intolerance, avoiding health complications due to lactose intolerance, and the availability of a wide array of choices of lactose-free food are the key factors behind the steady growth of the lactose-free food market overview.
As there is a surge in demand for lactose-free foods, manufacturers are coming up with innovative products that are appealing and nourishing. Consumers get lactose-free foods in different tastes and flavors.
The main constraint for the growth of the Lactose-Free Food Market is the high price of these foods.
Key Players
General Mills Inc. (U.S.),Arla Foods (Denmark),Galaxy Nutritional Foods Inc. (India),Land O'Lakes, Inc. (U.S.),WhiteWave Foods (U.S.),Barry Callebaut (Switzerland),Amy's Kitchen (U.S.),Daiya Foods (Canada),Dean Foods (U.S.), and ,Fonterra Co-operative Group Limited (New Zealand).
Market Segmentation
The world Lactose-Free Food Market is divided based on source, type, packaging, distribution channel, and region.
Based on the category of lactose-free food, the market is divided into conventional and organic. The Conventional segment holds the major share of the market but the rising demands for organic foods across the world will contribute to the growth of the organic sector during the forecast period.
Based on the source, the Lactose-Free Food Market is divided into coconut, hemp, almond, rice, and soy. A significant share of the market is occupied by the soy sector. During the forecast period, the almond milk sector is expected to grow at a fast pace.
Based on the product type, the market is divided into milk powder, milk, butter, cheese, ice cream, yogurt, whey, bread, soups, and others.
Based on the distribution channel, the market of Lactose-free foods is segmented into specialty stores, convenience stores, supermarkets hypermarkets, and online retailers.
Based on the packaging type, the Lactose-Free Food Market is segmented into cartons, bottles, tubs, and others.
Regional Classification
The global market of Lactose-free foods is categorized into different regions such as Asia-Pacific, North America, Europe, and the Rest of the World. The increasing number of people with lactose intolerance has contributed to the Lactose-Free Food Market Growth across the globe.
The lactose-free foods market size in the Asia-Pacific region is expected to have the maximum expansion due to the rising population. Additionally, many consumers are switching over to a vegan diet, which will help the market grow significantly. The continuous rise of the geriatric population, increasing personal disposable income, and growing incidences of lactose intolerance will help the market in the Asia-Pacific region grow significantly.
Europe occupies a significant share of this market. Within the European region, Germany is expected to occupy the maximum share of the Lactose-Free Food Market.
Industry News
Innovations in existing products, investing in research development, new product launches, mergers, partnerships, acquisitions, and opening up production houses across countries by the major companies in this industry will help the market to revive. During the forecast period, the Lactose-Free Food Market is expected to reach its forecasted revenue.
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