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Global Lactose Free Food Market Disrupted by Plant-Based Products

Published By: IndustryARC Published On : 06-May-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 $10,750 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.

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.

Talk to one of our sales representative about the full report by providing your details in the link below:


https://industryarc.com/support.php?id=7456     

Related Reports:


Food Allergen And Intolerance Testing Market


https://industryarc.com/Report/173/Food-Allergens-and-Intolerance-Testing-Market-Report.html

Dairy Alternative (Beverage) Market

https://industryarc.com/Report/7430/dairy-alternative-beverage-market.html

Gluten Free Food Market

https://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 sales@industryarc.com  to discuss more about our consulting services.

To request for a proposal, provide your details in the below link:


https://industryarc.com/reports/request-quote?id=7456    

Media Contact:

Mr. Venkat Reddy

Sales Manager          

Email 1: sales@industryarc.com

Or Email 2: venkat@industryarc.com

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

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