The global lactose-free products market accounted for USD 9.3 billion by 2019. The lactose-free products market is projected to register growth at a CAGR of 8.2% during the forecast period.
COVID-19 has impacted all the businesses over the globe. The lactose-free products market has been impacted by corona virus outbreak. The people are adopting healthy lifestyle. They are seemed more health conscious than usual. Thus, the lactose-free products are likely to see growth due to COVID-19.
For more details, visit: Global Lactose-Free Products Market By Type (Ice-Cream, Cheese, Others), By Form (Reduced Lactose Products, No Added Sugar Products, Others),By Category (Organic, Convectional), By Region–Forecast & Opportunities to 2026
The lactose-free products largely adopted by the people having lactose intolerance. The lactose intolerance can be defined as inability to digest lactose by body. Those suffering this issue are opting for lactose-free products so that they can get beneficial nutrients without any reaction. Lactose-free products are easily digestible. This is a primary factor driving lactose-free products market.
On the basis of type, the lactose-free products market is segmented into milk, yogurt, cheese, ice-cream and others. The milk segment is projected to register growth at highest CAGR during the forecast period. The major driving factors of milk segment in lactose-free products are its taste which is sweeter than regular milk and it is a rich source of calcium, vitamin B12, protein, riboflavin, vitamin D and phosphorus.
On the basis of form, the lactose-free products market is segmented into lactose-free, no added sugar products or reduced sugar claims and reduced lactose products. The no added sugar products or reduced sugar claims segment in lactose-free products market is estimated to register growth at highest CAGR during the forecast period. The awareness about healthy lifestyle is increasing among the population around the world. There is huge increase in demands of no added sugar products or reduced sugar claims and to fulfill this demand many dairy manufacturers are producing lactose-free products. Thus, drives this segment in lactose-free products to foresee growth during forecast period.
On the basis of category, the lactose-free product market is segmented into organic and conventional. Organic segment is estimated to register growth at highest CAGR during forecast period. The awareness about healthy eating is increasing among the population around the world. The people are paying more attention towards healthy lifestyle. The concerns related to artificial products and their effect has been increasing because of which people are adopting organic products at large scale. This is likely to drive growth in this segment in lactose-free product.
Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The lifestyle of people has been changing with the rise in increase of income level of population in this region and rapid urbanization. The demand for premium and healthy products and food & beverages products are increasing rapidly. Thus, drives the market to witness growth during the forecast period.
The key market players in the lactose-free products market are Gujrat Cooperative Milk Marketing Federation, Danone Company, Valio Ltd., Nestle, Johnson & Johnson, The Coca-Cola, General Mills, Lifeway Foods, Organic Valley, Lala U.S, Dairy Farmers of America, Shamrock Foods, Dean Foods, Saputo Inc., Smith Foods and Agri-Mark Inc.
- What are the expected industry trends over the next three to five years?
- Which of the Lactose-free products type is likely to lead by 2025?
- Which of the category segments is expected to have the maximum potential to during the forecast period?
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