The Global Lactose Free Food Market Report by The Business Research Company covers lactose free food market drivers and restraints, lactose free food market size, major players, and the impact of COVID-19 on the lactose free food market.
The lactose-free food market consists of sales of lactose-free food and related services. Lactose is a sugar found in milk and food with ingredients including milk and whey. Lactose-free food is used as an alternative for dairy-free food items. Lactose-free dairy products contain an enzyme called lactase that helps in breaking down milk sugar galactose to avoid stomach problems such as abdominal cramping, gas, diarrhoea, and bloating in people with lactose intolerance. Lactose-free food items include soya yogurts and cheeses, oat milk, rice milk, coconut-based yogurts and cheeses, carob bars, and food with “dairy-free” and “suitable for vegan” sings.
An increasing number of people with lactose intolerance are expected to contribute to the higher demand for lactose-free food products. Lactose intolerance is a digestive syndrome caused by the incapability to digest lactose, a carbohydrate found in dairy products.
The global lactose free food market is expected grow from $11.43 billion in 2020 to $12.47 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.61 billion in 2025 at a CAGR of 9%.
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Some lactose free food market trends include the launch of new lactose-free products, this is a leading trend contributing for the market expansion. In June 2019, Beckon Ice Cream, a Boston-based company, announced the introduction of lactose-free premium ice-creams made from real cream and milk.
Global lactose free food market segments include:
1) By Type: Lactose-Free Products, Lactose-Reduced Products.
2) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Diary Products, Others.
3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Others.
4) By Source: Rice, Almond, Soy, Hemp Milks, and Coconut
5) By Technology: Chromatographic Separation, Acid Hydrolysis, and Membrane Reactor.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Lactose Free Food Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides lactose free food market overviews, analyzes and forecasts market size, share, lactose free food market players, lactose free food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The lactose free food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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ReadLactose Free Food Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Arla Foods, McNeil Nutritionals, OMIRA Oberland-Milchverwertung (OMIRA), Parmalat, Valio, Alpro, Amy’s Kitchen, Barry Callebaut, Cargill, Chr. Hansen, Daiya Foods, Edlong Dairy Technologies, Dean Foods, Emmi, Fonterra, Galaxy Nutritional Foods, General Mills, Green Valley Organics, HP Hood, Land O Lakes, Murray Goulburn, TINE Laktosefri, WhiteWave Foods.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Lactose Free Food Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Lactose Free Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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