The lactose-free
products market size is estimated to be valued at USD 12.1 billion in
2020 and is projected to reach USD 18.4 billion by 2025, recording a CAGR of
8.7% during the forecast period. The demand for lactose-free products is
increasing significantly due to the rise in lactose intolerant population
across the globe. Moreover, the rise in the consumption of clean label food
products is one of the major factors encouraging the growth of the lactose-free
organic products market globally.
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Key players in this market include The Coca-Cola Company
(US), GCMMF (India), Nestle (Switzerland), Danone Company S.A (France), Valio
Ltd. (Finland), General Mills (US), Johnson & Johnson Services, Inc. (US),
Lifeway Foods Inc. (US), LALA U.S (US), Dean Foods (US), Organic Valley (US),
Dairy Farmers of America (US), Shamrock Foods (US), Saputo Inc. (Canada),
Prairie Farms Dairy (US), Agri-Mark, Inc. (US), Smith Foods, Inc. (US), Meggle
Group GMBH (Germany), Drums Food International Pvt Ltd. (India), and Granlatta
Societa Cooperative Agricola ARL (Italy).
The cheese segment is
projected to witness significant growth during the forecast period.
Based on type, the cheese segment of lactose-free products
market is projected to witness significant growth rate during forecast period
due to the increase in consumer interest and importance of lactose-free cheese
as an ingredient in the food industry, as it offers similar nutritive values to
regular cheese. In addition, it is among the popular and preferred breakfast
ingredients, which is majorly consumed with breads and offer natural, as well
as authentic taste.
The inorganic segment
is projected to account for a major share in the lactose-free products market
during the forecast period
By form, the lactose-free products market is segmented into
organic and inorganic. Low cost of products and ease in the processing of
inorganic products are the key factors encouraging the high adoption of
inorganic lactose-free products across the globe. Furthermore, the price of
inorganic lactose-free milk is nearly half the price of organic lactose-free
milk, which helps in catering to consumers that are not looking for premium
products.
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The North America
region dominated the lactose-free products market with the largest share,
whereas Asia-Pacific is expected to witness the highest growth rate.
The lactose-free products market in North America is
dominant due to the growing demand for different types of lactose-free products
such as drinkable yogurt, flavored ice-cream, and flavored milk. Also, the
North American population has awareness and self-diagnosis for lactose
intolerance. In addition, the increase
in no sugar or reduced sugar trends are factors that are projected to drive the
growth of the lactose-free products market in the region.
The fastest growing market is Asia-Pacific for lactose-free
products market. The increase in disposable income among consumers and the
demand for health and wellness products have encouraged the consumption of
lactose-free products. The increase in urbanization in the region has led to a
high demand for food security and premium quality food products. Consumers are
willing to pay extra for health-enriching food & beverage products. These
factors are projected to encourage the growth of the lactose-free products
market in the region.
